Bitcoin’s (BTC) implied volatility (IV) has moved from 33 to 37 on Monday, a notable uptick from multi-year lows and a possible signal that the market’s long stretch of calm is nearing an end. The Deribit Volatility Index (DVOL), modeled after the VIX in traditional markets, tracks the 30-day implied volatility of bitcoin options and … Read more
Bitcoin (BTC) may find itself fighting gravity after a surge over the weekend took it to within striking distance of its $123,000 all-time high while leaving a gap in the price of CME futures between Friday’s closing price and Monday’s open. CME bitcoin futures, cash-settled contracts that track the price of the largest cryptocurrency, settled … Read more
Crypto market maker GSR has partnered with regulated tokenized asset exchange DigiFT to launch secondary over-the-counter (OTC) trading for tokenized real-world assets (RWAs). The move comes as the real-world asset sector has been grown to over $13.4 billion worth of assets, according to data from DeFiLlama. The bulk of that comes in the form of … Read more
Corporate America’s fears of a looming economic recession have evaporated as quickly as they emerged early this year. The number of S&P 500 companies that mentioned the word “recession” during their second-quarter earnings call dropped sharply to just 16, down sharply from 124 in the first quarter, according to data source FactSet. A recession is … Read more
Technical Analysis Overview DOGE gains 3% in the 24-hour period ending August 11, rallying from $0.23 to $0.24 between August 10 05:00 and August 11 04:00. The most aggressive move comes in the 01:00-02:00 hour on August 11, when price jumps from $0.23 to $0.24 on 829.05 million volume — more than double the 24-hour … Read more
The LayerZero Foundation has proposed acquiring the closely-related Stargate (STG) and merging its token economy into the LayerZero (ZRO) ecosystem, a move that would consolidate the two protocols’ cross-chain infrastructure under a single asset. Stargate Finance was developed by the same team that created the LayerZero protocol, and the two companies share cofounders. The plan … Read more
Zora (ZORA) climbed nearly 50% in the past 24 hours to over 13 cents, extending a week-long rally to over 118% and pushing the market cap to $450 million. No immediate catalyst or news event seemed to create the demand bump, but the rapid price movement suggests a wealthy player purchased an unusually high amount … Read more
Bitcoin (BTC) bulls mounted a fresh challenge to a crucial resistance level as traders looked forward to U.S. inflation data. The top cryptocurrency rose to $122,056, testing the 1.618% Fibonacci extension originating from the 2018 bear market low and the 2022 bear market low. The 1.618% extension is derived from the “golden ratio,” a revered … Read more
Technical Analysis Overview XRP jumps 11% in the 24-hour period ending August 11, moving from $2.90 to highs of $3.27 before settling at $3.22. The breakout comes as institutional trading volumes spike 208% to $12.40 billion following the formal dismissal of the SEC’s case against Ripple Labs. Open interest in derivatives rises 15% to $5.90 … Read more
Crypto markets began Monday on a high note, with ether (ETH) up more than 21% over the past seven days to $4,300 and bitcoin (BTC) climbing 3% to within touching distance of record highs. BTC led gains among majors in the past 24 hours, with Solana’s SOL (SOL), XRP (XRP), dogecoin (DOGE), and BNB Chain’s … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Chronicle, the oracle infrastructure provider powering secure, scalable onchain financial data, … Read more
JPMorgan remains bullish on U.S. stocks even as some observers warn that the economy is beginning to pay the price for President Donald Trump’s tariffs. The investment banking giant forecasts that the S&P 500, Wall Street’s benchmark index, will yield a “high single-digit return over the next 12 months,” driven by three key factors. One … Read more
BlackRock has made bold moves into bitcoin and ether ETFs, but on Friday the asset manager said it had no immediate plans to file for a spot XRP exchange-traded fund (ETF), dashing the community’s hopes that its entry could help extend XRP’s 2025 rally. This statement — made the day after the U.S. Securities and … Read more
Bitcoin slipped 0.11% in the past 24 hours to $116,702, according to CoinDesk Data, but remains up 25% year to date, second only to gold’s 29% gain among major asset classes, according to data shared by financial strategist Charlie Bilello on X. 2025 Performance so far As of Aug. 8, bitcoin’s 25% year-to-date return ranked … Read more
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. XRP: Not out of the woods yet XRP (XRP), the payments-focused cryptocurrency, surged 11% on Thursday, reportedly breaking out of a bull flag pattern to suggest renewed upward momentum. However, it’s not yet clear, as prices remain well below the … Read more
Pendle’s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol’s new yield-trading platform. With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, … Read more
Arthur Hayes, co-founder of crypto exchange BitMEX, appears to have reversed course on a major ether (ETH) trade just days after warning of a market downturn. Last week, data from Arkham Intelligence showed that Hayes sold 2,373 ETH worth around $8.32 million, when the second-largest cryptocurrency was trading near $3,500 and moved into stablecoins. This … Read more
Commodity-backed cryptocurrencies, which are dominated by gold-backed tokens, have seen a historic surge in issuance this week, with minting volumes hitting their highest point in at least five years. The leap comes after gold futures traded above a $3,500 all-time high this week, after the Swiss Precious Metals Association warned that the U.S.’s 39% tariffs … Read more
World Liberty Financial, the decentralized finance platform with ties to the Trump family, is said to be in talks with large investors to raise about $1.5 billion for a public company that would hold its WLFI tokens. The deal’s structure, Bloomberg reports, is still under discussion. The company approached deep-pocketed investors in technology and crypto, … Read more
Ether’s rally picked up pace over the past two sessions, with two decisive surges pushing the price to its highest level in more than three years. On Friday, Aug. 8, ETH broke through the $4,000 mark for the first time since December 2024, clearing a key resistance level on a burst of trading activity. The … Read more
Whale-led accumulation dominated early and mid-session flows, with over $200 million in DOGE purchased over 24 hours. The $0.22 level held firmly on multiple retests, drawing in leveraged long positioning. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from large holders. Technical Analysis Overview DOGE rises 4% in the 24-hour … Read more
XRP slides through key levels in a high-volume selloff before stabilizing at major support, with regulatory clarity now in place after the Ripple-SEC settlement. Technical Analysis Overview XRP falls 5% in the 24-hour period ending August 9, dropping from $3.34 to $3.20 before recovering to $3.30. The move spans a $0.17 range, marking 5.24% volatility. … Read more
Harvard Management Company, which oversees the university’s $50 billion endowment, disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC). The stake, reported in a Form 13-F on Friday covering holdings as of June 30, 2025, represents one of the largest … Read more
Sui’s (SUI) price rose 4% in the past 24 hours to $3.82 as Swiss digital asset bank Sygnum expanded its offerings to include custody, trading and lending products tied to the blockchain for its institutional clients. The move means regulated investors in Switzerland can now hold, trade and borrow against SUI through Sygnum’s platform, broadening … Read more
A hidden signal from the derivatives market suggests that ether’s (ETH) rally could intensify, lifting valuations quickly to $4,400. The indicator under consideration is the net gamma exposure of dealers/market makers in the Deribit-listed ether options market. Gamma is the critical metric for options traders, measuring how an option’s delta, or its sensitivity to the … Read more
Sygnum, a Swiss digital asset bank, is expanding regulated institutional access to the Sui blockchain with new custody, trading and lending products for its professional clients. The Zurich- and Singapore-headquartered firm announced Friday it will now offer institutional-grade custody, spot and derivatives trading for SUI, alongside upcoming staking and SUI collateral-backed Lombard loans. Staking is … Read more
Aptos’ APT registered a 7% surge during the last 24 hours, advancing from $4.34 to $4.62, according to CoinDesk Research’s technical analysis model. The model showed that Aptos demonstrated considerable bullish momentum throughout the preceding 24-hour period. The most significant price action materialised during the nocturnal hours extending into the early morning of August 8, … Read more
ATOM surged 4% from $4.36 to $4.55 in the 24 hours to 15:00 UTC on Aug. 8, breaking through key resistance on exceptional 2.19 million-unit volume that far exceeded daily averages. The rally was fueled by heavy institutional buying of Cosmos ecosystem tokens, a move linked to Coinbase’s launch of dYdX (COSMOSDYDX) support on its … Read more
NEAR Protocol rose 1.93% in the 24 hours to 15:00 UTC on Aug. 8, moving from $2.59 to $2.64. The token traded between $2.54 and $2.71, a 6.84% range that industry executives say highlights ongoing structural weaknesses in crypto markets and the need for clearer regulation. “These volatile trading patterns highlight the need for more … Read more
The U.S. Securities and Exchange Commission’s (SEC) clarification around liquid staking continued to lift asset prices across the staking sector this week, with ETH rising to $4K for the first time since December on Friday. Several layer-2 networks have also been the beneficiary of ETH’s recent ascent. Ethereum scaling solution Optimism’s native token (OP) rose … Read more