XRP rose 3% in the 24 hours through August 7, advancing from $2.91 to as high as $3.02 before closing at $2.98. The move broke through multiple short-term resistance levels and coincided with high-volume buying activity, particularly on Korean exchanges. Technical momentum aligns with key macro developments: the U.S. Securities and Exchange Commission is set … Read more
The crypto market cap is holding within a tight $3.6 trillion–$3.8 trillion range as traders pull liquidity and shift focus to micro-cap tokens in the first week of August, with some warning of a summer lull to continue. Bitcoin (BTC) tested its 50-day moving average again on Tuesday, signaling exhaustion, while broader market capitalization remains … Read more
Bitcoin’s (BTC) volatility meltdown continues as the cryptocurrency remains stagnant, with slow price action between $110,000 and $120,000. The cryptocurrency’s 30-day implied volatility, as represented by Volmex’s BVIV index, fell to an annualized 36.5% late on Wednesday, reaching levels last seen in October 2023, when BTC was trading below $30,000, according to data source TradingView. … 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. Bitcoin (BTC) is treading water around $115K Thursday morning in Asia, … Read more
Digital asset manager Parataxis Holdings is officially going public through a SPAC deal with SilverBox Corp IV, confirming earlier plans to list, it announced in a press release on Wednesday. The new entity will be called Parataxis Holdings Inc. and aims to trade under the ticker “PRTX” on the New York Stock Exchange (NYSE). At … Read more
Polkadot’s DOT demonstrated a significant surge in large buyers’ interest during a 24-hour trading period, with corporate treasury allocations and regulatory clarity driving sustained buying pressure, according to CoinDesk Research’s technical analysis model. The model showed that price action demonstrated potential institutional-grade stability with sustained corporate interest indicators. As of July, Bifrost had secured over … Read more
Bitcoin (BTC) project Babylon took another step toward offering a decentralized finance (DeFi) experience on its $5 billion staking protocol akin to that seen elsewhere in the crypto world. The latest development is the introduction of trustless vaults, designed to allow BTC holders to deposit their tokens without relying on a centralized entity, as outlined … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Solana’s Seeker Phone Fixes Saga’s Flaws With Usability Upgrade Base Says Sequencer Failure Caused Block Production Halt of 33 Minutes Solana’s Jito Proposes Routing 100% of Block Engine … Read more
Companies that are buying ether (ETH) for their treasury strategy are a better buy for investors than ETH spot exchange-traded funds (ETFs), said Standard Chartered analyst Geoff Kendrick. The analyst noted that these firms are attracting attention not just for their holdings but also for their financial structure, which is starting to become attractive for … Read more
NEW YORK — Tornado Cash developer Roman Storm has been found guilty of conspiring to operate an unlicensed money transmitting business, a Manhattan jury decided Wednesday. The jury was unable to reach a unanimous verdict on the remaining charges, conspiracy to commit money laundering and conspiracy to violate international sanctions, despite four days of deliberations after … Read more
Internet Computer’s native token (ICP) shed 2.4% over the last 24 hours, retreating from $5.21 to $5.08, even as it showed intraday strength. After hitting a low of $4.97, the token rebounded as much as 3.2% to reach a local high of $5.13 before consolidating around $5.06–$5.08, according to CoinDesk Research’s technical analysis data model. … Read more
The financial services industry is at a crossroads, with an indisputable trend of financial services moving into crypto. Digital assets built on the blockchain are transforming the financial ecosystem and shaping its future. Digital assets are no longer living on the fringe of the global financial system — they are becoming central to its future … Read more
BONK traded under sustained selling pressure on Wednesday falling 3.9% to $0.00002383 in 24 hours. The Solana-based memecoin swung between a high of $0.00002486 and a low of $0.00002360, a range that translated to 50.3% volatility, well above the altcoin average, according to CoinDesk Research’s technical analysis data model. Multiple attempts to reclaim higher ground … Read more
Amid a sea of new crypto treasury companies popping up, Bakkt and BitBridge are in the news today, after they both provided updates on their bitcoin treasury strategies. Bakkt (BKKT), the technology firm that went all-in on crypto, has signed a deal to acquire nearly one-third of Japanese trading company Marusho Hotta (8105), in a … Read more
NEAR Protocol posted a notable intraday breakout on August 6, climbing from $2.44 to $2.47 within an hour as it pierced key resistance near $2.495. The move followed accumulation around $2.448 and was confirmed by a sharp volume spike—over 101,000 units at 13:31 UTC and above 150,000 in the 13:36–13:40 window—validating bullish momentum. The token … Read more
In financial markets, startups have long sought to market themselves as “tech firms” hoping investors will value them with tech-company multiples. And often, they do — at least for a while. Traditional institutions learned this the hard way. Throughout the 2010s, many corporations scrambled to reposition themselves as technology companies. Banks, payment processors and retailers … Read more
Cosmos’ ATOM token staged a swift recovery during a volatile 23-hour stretch from August 5 at 15:00 UTC to August 6 at 14:00 UTC. After plunging from $4.236 to $4.133 in just one hour early August 6, ATOM rebounded to $4.235 by 05:00. The rally was backed by a surge in trading volume to 1,046,473 … Read more
NEW YORK — The Manhattan jury tasked with deciding Tornado Cash developer Roman Storm’s fate told the court on Wednesday morning that they were deadlocked, unable to reach a unanimous verdict on at least one of the charges. The note to District Judge Katherine Polk Failla of the Southern District of New York came on the … Read more
The Philippines Securities and Exchange Commission (SEC) said it may take action against crypto exchanges including OKX, ByBit and Bitget for operating without appropriate registration and warned the public against using the platforms. In a notice dated Aug. 4, the commission also named Mexc, Kucoin and Kraken as being accessible without being registered and, in … Read more
Three years in the making, the Payy Visa card hides stablecoin transactions using clever cryptographic proofs and a custom-built ledger, avoiding the situation where non-custodial card spending can be looked up and traced on public blockchains. Former Apple iOS engineer Sid Gandhi, co-founder of the team that built the Payy card, thinks it’s irresponsible, unethical, … Read more
The State of Michigan Retirement System (SMRS) has notably expanded its investment in bitcoin (BTC), perhaps demonstrating either a growing appetite for risk or a firm belief in the cryptocurrency’s future value. In a 13F filing with the Securities and Exchange Commission (SEC) on Tuesday, the pension fund revealed it had increased its position in … 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 3754.73, up 0.2% (+6.01) since 4 p.m. ET on Tuesday. Fourteen of 20 assets are trading higher. Leaders: POL (+4.1%) and BCH (+2.2%). Laggards: LTC (-3.3%) and XLM (-1.4%). … Read more
BNB saw a slight rise over the last 24-hour period, but has been recovering steadily after seeing a large drawdown to test its $750 support level. The token is now back flirting with $760 and is showing signs of continued buyer interest at key support levels. This rebound came as major cryptocurrencies posted steeper losses, … Read more
The SEC’s Division of Corporation Finance issued a staff statement on Tuesday, declaring that properly structured liquid‑staking protocols and their receipt tokens generally do not constitute securities under U.S. law. This clarity has led to modest upticks in token prices and protocol activity. Lido’s governance token, LDO, rose by approximately 4.5%, from $0.88 to $0.92, … Read more
The Solana Seeker phone is not your average smartphone, nor does it want to be. Building on the lessons of its predecessor, the Saga, Solana Mobile’s newest device reimagines what a crypto-native phone can be. Smaller, lighter and boasting a longer-lasting battery compared to its predecessor, the Seeker aims to improve on the user experience … Read more
Shiba Inu’s (SHIB) Bollinger bands have contracted to their tightest level since February 2024 on the weekly chart. This classic technical signal suggests the meme coin is consolidating for a potentially large and imminent price swing. Bollinger bands are volatility bands placed two standard deviations above and below the 20-period (day or week) simple moving … Read more
Midnight Network, a privacy-focused sidechain in the Cardano ecosystem, has initiated its first token distribution phase for NIGHT, targeting users across eight major blockchains to reframe cross-chain value allocation. Dubbed the “Glacier Drop,” the airdrop is live as of Wednesday and available to wallets that held at least $100 in native tokens on Bitcoin, Ethereum, … Read more
All three major bitcoin (BTC) realized price metrics are in a clear uptrend, indicating that investors across cohorts are continuing to accumulate BTC at higher prices. This includes the Short-Term Holder (STH) Realized Price, currently at $106,000, which often acts as dynamic support during bull markets. Meanwhile, the Long-Term Holder (LTH) Realized Price stands at … Read more
Marex (MRX), a global financial services platform, has become the first clearing firm to integrate Kinexys Digital Payments, a blockchain-based settlement system developed by JPMorgan (JPM), through a collaboration with Brevan Howard Digital, the company said in a press release on Wednesday. The initiative is aimed at modernizing payment infrastructure and reducing settlement risk by … Read more
By Omkar Godbole (All times ET unless indicated otherwise) As the crypto market reels under U.S. stagflation concerns, traders on the decentralized platform Polymarket are seeing a more than 50% chance of bitcoin (BTC) prices dropping into five figures before year-end. Shares in the Yes side of Polymarket’s “Will bitcoin dip below $100K before 2026” … Read more