CoinDesk

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

Coinbase (COIN) is rolling out decentralized exchange (DEX) trading inside its main app for customers across the U.S., with the exception of New York State, the company said Friday. The move is part of its broader ambition to turn the platform into an “everything app” for crypto. The new feature will route trades on-chain through … Read more

BONK, a Solana-based memecoin, advanced 1.7% in the last 24 hours to $0.00002626. The token traded within a 4% range, with a high of $0.00002645 and a low of $0.00002485, producing a $0.00000160 spread, according to CoinDesk Research’s technical analysis data model. The price rebounded from the low at 16:00 UTC on Aug. 7, moving … Read more

With interest rates set to be lowered in the U.S., a continuing surge of crypto treasury companies and the deal sealed on the SEC dropping its case against Ripple, money is pouring into altcoins over the past 24 hours. Not the largest gainer, ether (ETH) has jumped 3.5% over the past 24 hours and pushed … Read more

Gold futures surged to a record high on Friday after U.S. President Donald Trump imposed tariffs on imported gold bars, a rare move sparking both safe-haven buying and fresh concerns over supply disruptions in a market unaccustomed to such trade measures. The most actively traded U.S. gold futures contract climbed as high as $3,534 per … Read more

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4044.63, up 2.8% (+111.1) since 4 p.m. ET on Thursday. Nineteen of 20 assets are trading higher. Leaders: XLM (+12.3%) and XRP (+8.0%). Laggards: BTC (-0.3%) and LTC (+0.3%). … Read more

The team behind decentralized lender CrediX has vanished days after a $4.5 million exploit, leaving its X account inactive and website offline since Aug. 4, according to blockchain security firm CertiK. The sudden disappearance has sparked fears of an exit scam, which is when developers abandon a project and investor funds without warning. The $4.5 … Read more

Internet Computer Protocol (ICP) extended its upward trajectory over the last 24 hours, rising 2.29% from $5.25 to $5.37. The token’s price action unfolded within a $0.26 corridor between $5.16 and $5.42, representing a 4.94% trading spread, as traders navigated pronounced intraday volatility, according to CoinDesk’s technical analysis data model. The most notable moves came … Read more

Filecoin (FIL) demonstrated measured volatility, trading within a 5.4% range in the last 24-hours, according to CoinDesk Research’s technical analysis model. The model showed that despite experiencing a mid-session decline to $2.39 at 16:00, Filecoin staged a textbook recovery, and bounced 5%. Elevated trading volumes exceeding 2.8 million units during the correction phase suggest institutional … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Crypto markets rallied in the past 24 hours, with the CoinDesk 20 (CD20) index rising 5.3% as fresh U.S. policy signals and regulatory clarity supported risk appetite across the sector. Bitcoin (BTC) gained a relatively muted 1.3% to $116,500. The rally took off after President Donald … Read more

Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it. IVD Medical Holdings has purchased $19 million (HK$149 million) of ether (ETH), positioning the asset at the center of its real-world asset tokenization strategy. The company is building ivd.xyz, a platform for tokenizing pharmaceutical intellectual … Read more

Humanity Protocol, a privacy-first blockchain identity network and high-profile rival to Sam Altman’s Worldcoin, fired up its mainnet, debuting a system that connects familiar Web2 credentials to decentralized Web3 services using zero-knowledge transport layer security (zkTLS). The introduction comes just months after the Hong Kong-based startup raised $20 million in a funding round co-led by … Read more

Major Web3 investor Animoca Brands has formed a stablecoin joint venture (JV) with the Hong Kong division of multinational bank Standard Chartered (2888). The JV, known as Anchorpoint, also includes Hong Kong Telecom (HKT) and aims to build a business model for the issuance of licensed stablecoins, according to an emailed announcement on Friday. Anchorpoint … Read more

Binance, the largest cryptocurrency exchange by volume traded, enlisted Spain’s third-largest bank, BBVA, to provide custody services as it looks to improve protection for customers by isolating their assets from any disruption that might occur to the trading platform, the Financial Times reported. The custody arrangement separates trading activities from the funds backing the transactions … Read more

Solana memecoin launchpad Pump.fun has created the Glass Full Foundation, an initiative aimed at providing liquidity to selected projects in its ecosystem as platform revenues slide from early-year highs. The group said GFF will “inject significant liquidity into ecosystem tokens to support our most diehard cults,” without disclosing the source of funds or the selection … Read more

Ethereum network transactions rose to a record high as levels of staked ether (ETH) climbed to a record high, lifted by a regulatory boost for liquid staking. The seven-day average of daily transactions on the blockchain touched 1.74 million earlier this week, overtaking the previous record of 1.65 million set on May 12, 2021. The … Read more

DOGE jumped 8.4% in the 24-hour period ending August 8, climbing from $0.20 to $0.22 in a two-phase rally. Price action spans a $0.021 range, marking 9.5% volatility. As per CoinDesk analytics, a new resistance forms at $0.222-$0.224, while support holds at $0.220. Consolidation appears likely before the next directional move. Price Action Summary • … Read more

Global risk appetite strengthened on Friday, with crypto, equities and gold futures all pushing higher, while oil headed for its steepest weekly decline since June. Traders are balancing the tailwind from easing U.S.–Japan trade tensions against signals of cooling bitcoin (BTC) demand and heavier hedging in crypto options markets. In broader Asian markets, The MSCI … Read more

XRP smashed resistance barriers as trading volume hit 300 million during peak institutional buying surge, with bullish chart patterns and a landmark legal resolution fueling upside bets. The rally combines technical breakout pressure with a significant shift in the token’s fundamental narrative. The SEC settlement eliminates a multi-year litigation drag, potentially unlocking greater institutional participation … Read more

Payments-focused cryptocurrency XRP (XRP) has surged 12% over the past 24 hours, outperforming both bitcoin (BTC) and ether (ETH). This double-digit gain has lifted XRP’s price to $3.32, its highest level since July 28. The price upswing has been underpinned by sophisticated, anticipatory block option trades on Deribit, involving a bullish bet on volatility. Block … 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. Manufacturers of bitcoin (BTC) mining equipment won’t be feeling the pinch … Read more

The U.S. Securities and Exchange Commission’s 2020 lawsuit against Ripple Labs is officially over, after the two parties informed the Second Circuit Court of Appeals that they were voluntarily dismissing their respective appeals of a 2023 ruling in the case. The SEC and Ripple will each bear their own costs, the filing said on Thursday. … Read more

U.S. President Donald Trump has signed an executive order to allow crypto investments in 401(k) retirement plans, opening the gates for millions of dollars to flow into the asset class. The order, which also allows for private equity investments, is poised to dramatically widen the scope of what retirement plan providers can direct funds to. … Read more

Having tumbled to below $112,000 at one point a few days ago, bitcoin (BTC) has returned above $117,000 in late after U.S. trading Thursday, for now retaking the range it had been in for most of July. First giving a boost the crypto market overnight was news about President Trump’s intention to sign an executive … Read more

Two Seas Capital, the third largest shareholder in Core Scientific (CORZ) with a 6.3% stake, has come out against the bitcoin miner’s proposed all-stock acquisition by AI cloud provider CoreWeave (CRWV). In a letter published Thursday, Two Seas said it intends to vote against the deal, which was announced July 7, and plans to rally … Read more

Technical Analysis Shows Strong Bullish Momentum ATOM posts volatile trading in the final hour from 13:06 to 14:05 on August 7. Price climbs from $4.41 to $4.43 peak at 13:40 before sliding back to $4.41. Net decline hits 0.02%. Volume spikes to 37,187 units at 13:39, pushing price above $4.42 resistance. New resistance forms at … Read more