CoinDesk

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

Laser Digital, the cryptocurrency trading and servicing subsidiary of Japanese bank Nomura, secured a limited license to offer regulated, over-the-counter (OTC) crypto derivatives from Dubai under the Virtual Asset Regulatory Authority’s (VARA) pilot framework. Under this regime, Laser Digital says it is the first regulated entity under VARA to offer direct client-facing crypto OTC option … Read more

SBI Holdings has filed for a dual-asset crypto ETF offering direct exposure to both bitcoin (BTC) and XRP (XRP), in a rare instance where XRP is formally bundled with BTC in an institutional-grade product. Revealed in the firm’s Q2 2025 earnings report, the ‘Crypto-Assets ETF’ is structured to track the performance of both assets simultaneously, … Read more

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A U.S.-listed leveraged anti-Strategy (MSTR) exchange-traded fund (ETF) surged last week, suggesting a potential bearish outlook for bitcoin (BTC) and MSTR. The Defiance Daily Target 2x Short MSTR ETF, listed under the ticker SMST on Nasdaq, rose 19%, its best … Read more

Block production on Coinbase’s (COIN) Base network halted for 33 minutes early Tuesday following a sequencer failover that didn’t recover as expected, developers said in a post-mortem report Wednesday. The outage began at 06:07 UTC on Aug. 5, when the active sequencer fell behind due to congestion from on-chain activity. While Base’s Conductor module — … Read more

Investors withdrew money from U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) for the fourth consecutive trading day as U.S. service sector data raised the stagflation bogey. The 11 ETFs registered a cumulative net outflow of $196 million on Tuesday, with Fidelity’s FBTC and BlackRock’s IBIT accounting for the giant share of the tally, according to … Read more

Pendle has opened up Boros, a new platform on Arbitrum that allows users to directly trade the funding rates of bitcoin (BTC) and ether (ETH) perpetual markets. Boros lets users go long or short on funding rate exposure using “Yield Units” (YUs), which are structurally similar to Pendle’s existing Yield Tokens. Each YU represents the … Read more

Meme coin DOGE extended its slide on Monday, falling through support levels and triggering fresh selling interest as broader market risk appetite collapsed. What to Know Dogecoin fell 5% over the 24-hour session from August 4 at 21:00 to August 5 at 20:00, declining from $0.21 to $0.20. The token traded within a $0.013 range, … Read more

China’s Ministry of State Security (MSS) is warning of a national security threat posed by the misuse of biometric data, singling out foreign companies that incentivize iris scans with cryptocurrency, in what appears to be a thinly veiled reference to Worldcoin via a post on its official WeChat account. In a post, the MSS described … Read more

Traders brace for continued downside as resistance caps at $3.04 and $2.93 floor emerges following 169M volume flush. What to Know XRP fell 4.2% during the 24-hour session ending August 6 at 02:00, retreating from $3.06 to $2.93 in a volume-driven breakdown. The session’s high of $3.08 was hit at 10:00 before a sharp reversal … 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. The maturing digital assets market that has sophisticated market making, capital … Read more

XRP is now live on BDACS, a regulated crypto custodian for South Korean institutions, marking the first concrete outcome of Ripple’s custody partnership announced in February. BDACS talked about the launch in a post made Aug. 5 on X. The firm said it will offer custody support for XRP, which it described as one of … Read more

Polygon (POL) rose 9% in early U.S. morning trading hours from $0.206 to $0.225 before selling emerged in the afternoon, CoinDesk Analytics data shows. The token saw significant volatility overnight as volume surges to 708,489 and 804,401 units, crushing the 24-hour average of 410,606, before heavy selling pressure emerged, establishing critical resistance for near-term action. … Read more

Participants in liquid staking, including depositors and providers, do not need to worry about securities law disclosures, the U.S. Securities and Exchange Commission said in a staff statement on Tuesday. The statement, published by the Division of Corporation Finance, is specific to liquid staking, where participants deposit “covered crypto assets” into a third-party staking protocol … Read more

Slash, a San Francisco-based neobank for businesses, launched a payments and treasury platform powered by a new U.S. dollar stablecoin issued by Stripe’s Bridge on Tuesday. The product, called the Global USD Account, is aimed at companies seeking U.S. dollar access and cross-border payments without a U.S. bank account. It introduces Slash’s own stablecoin, USDSL, … Read more

BNB fell over 1% in the past 24 hours to briefly drop below the $750 support level, which it is currently holding on to. The drop came after a brief rally that moved it over the $760 line. The cryptocurrency’s previous rally was driven by corporate adoption and Binance product rollouts. The drop came as … Read more

Coinbase has introduced a tool in its Coinbase Developer Platform (CDP) designed to let developers integrate self-custodial wallets into their apps without any hiccups. The Embedded Wallets software developer kit (SDK) includes built-in features like crypto onramps, token swaps and a 4.1% annual return on USDC balances, aiming to eliminate the tradeoff between user experience … Read more

Meme-inspired cryptocurrency PEPE lost nearly 4% of its value in the last 24-hours amid a broader market sell-off affecting most cryptocurrencies. Former BitMEX CEO Arthur Hayes sold his $414,000 position in the memecoin, citing macroeconomic risk on the potential impact of U.S. tariffs in the third quarter of the year. Hayes’ sale also included other … Read more

Cardano (ADA) fell about 3% in the past 24 hours as part of a continuing crypto market sell-off since the end of last week. It was recenlty trading at $0.72. ADA witnessed substantial volatility during the period, displaying a 3.47% fluctuation from the session low of $0.734 to the high of $0.760, according to CoinDesk … Read more

Technical Analysis Shows Volatile Recovery Pattern NEAR trades in extreme volatility across 24 hours ending 5 August 14:00. Price swings $0.13, marking 5% range between $2.57 peak and $2.44 floor. Morning selloff hits hard at 07:00, driving NEAR from $2.48 to $2.44. Volume spikes to 3.2 million units, confirming heavy institutional dumping. Support holds at … Read more

Adding to the shocking downward jobs growth revisions on Friday — which sent crypto prices tumbling — the ISM Services PMI all of a sudden is beginning to consistently indicate softer-than-though economic activity. The ISM Services for July came in at 50.1, sizably lower than the 51.5 expected. A number above 50 indicates economic expansion, … Read more

Cosmos’ native token, ATOM, showcased remarkable resilience during a volatile 24-hour trading period ending August 5, recovering sharply from intraday lows as institutional activity returned. Following a dramatic dip to $4.18 during early U.S. trading hours, ATOM rebounded strongly to $4.30, carving out a fresh support range that may act as a springboard for continued … Read more

Ripple’s XRP posted a 5% gain on the day as traders shrugged off a fresh wave of opposition from traditional banks to Ripple’s license application. Price action remained volatile between $2.83 and $3.11, with short-term upside stalling at resistance levels while volumes surged past 110 million XRP — including a $33 million one-minute transaction that … Read more

A modestly hot name since obtaining a U.S. listing on the Nasdaq a few months back, Galaxy Digital (GLXY) is seeing some selling after posting second quarter earnings on Tuesday morning. Global Markets revenue rose 28% quarter-over-quarter to $55.4 million despite a 22% decline in trading volumes, as Galaxy outperformed broader market trends, said brokerage … Read more

Imagine you’re a bitcoin (BTC) bull, confident prices will rally, but anticipating a pullback first. Like many people, however, you are not adept at perfectly timing such market entries and feel you may miss the optimal moment to load up on bullish exposure. For traders facing this common predicament, a structured product known as a … Read more

The U.S. Commodity Futures Trading Commission (CFTC) said it is looking to allow the trading of spot crypto contracts on registered exchanges and is seeking input from stakeholders as it looks to implement President Donald Trump’s crypto ambitions. The agency wants stakeholders to work with it to provide regulatory clarity on listing spot crypto asset … Read more

Flare Network has introduced Luminite, a non-custodial, seedless wallet designed to make decentralized finance (DeFi) accessible to XRP (XRP) holders as part of a broader push to give smart contract functionality to assets that historically lacked it. “By removing complex barriers of entry, we’re enabling anyone – from first-time users to seasoned crypto holders – … Read more

Jito Labs proposed a new governance proposal on Tuesday, called JIP-24, aimed at decentralizing the network further by routing all its Block Engine and Block Assembly Marketplace (BAM) fees directly to the Jito DAO treasury. If approved, the DAO would assume control over protocol revenue streams, directing them to the network’s JTO tokenholders. This in … Read more

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a notice urging financial institutions to watch for suspicious activity tied to crypto kiosks.d These convertible virtual currency (CVC) kiosks, which allow users to access and transact in cryptocurrency, offer consumers a simple way to buy crypto, the money laundering watchdog said. Yet, FinCEN said … Read more