CoinDesk

What to Know XRP declined 8% over the past 24 hours, falling from a session high of $3.17 to a low of $2.94, as intense sell pressure overwhelmed initial strength. The sharpest drop occurred during the midnight trading window on August 1, when XRP fell 2.7% in a single hour, accompanied by 259.21 million units … Read more

Crypto markets experienced a sharp bout of volatility over the past 24 hours, with more than $630 million in leveraged positions liquidated across exchanges. The bulk of the damage came from longs, which accounted for over $580 million of total liquidations, as traders were caught offside during an abrupt intraday sell-off. Bitcoin (BTC) dropped to … Read more

Solv Protocol, which offers financial services to bitcoin (BTC) holders, announced BTC+, an automated vault for generating returns on spot market holdings. The new product taps several crypto sub-sectors and strategies, including basis arbitrage, DeFi credit markets, protocol staking and tokenized real-world assets to offer a one-stop yield-farming shop for BTC holders. The introduction underscores … 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 set to end the trading week in Asia … Read more

Ether (ETH), the native token of the Ethereum blockchain that turned 10, just had its best July performance in three years. The second largest cryptocurrency climbed more than 50% in July, peaking at $3,940 before easing below $3,800 towards the end of the month. The last time ETH rose this much in a single month … Read more

Coinbase (COIN) said it is increasing its bitcoin (BTC) holdings and that it plans to launch tokenized U.S. stocks and prediction markets in the coming months, marking a significant expansion of its business as it seeks to diversify its revenue stream. In a post on X on Thursday, Coinbase CEO Brian Armstrong said, “Coinbase is … Read more

Strategy (MSTR), the largest corporate holder of bitcoin, plans to raise as much as $4.2 billion through sales of a newly issued preferred stock series, according to a Thursday filing with the U.S. Securities and Exchange Commission. The offering comes just days after the company sold nearly $2.5 billion worth of STRC, or “stretch,” to … Read more

Bitcoin (BTC) has been trading in an excruciatingly tight range just below $120,000, but the rally is quickly losing momentum as the market enters what has historically been a soft month for the crypto, a report from 10x Research warned. August has been bitcoin’s weakest month over the past decade, with only three positive years … Read more

Coinbase (COIN) reported worse than expected second-quarter results on Thursday, sending its shares down 7% in post-market trading. The crypto exchange posted total revenue of $1.5 billion, up from $1.45 billion in the same quarter last year but slightly lower than FactSet estimates of $1.59 billion. Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) … Read more

Disclaimer: The analyst who co-wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR), the largest corporate holder of bitcoin (BTC), posted second-quarter operating earnings of $14 billion or $32.60 per share, and net income of $10 billion. The massive profit came as the price of bitcoin rose roughly 30% during the thre-month period. “Strategy … Read more

Ethereum Foundation researcher Justin Drake has introduced a new framework for the network’s long-term development called Lean Ethereum, aimed at simplifying the protocol’s design while preparing it for the security risks posed by future quantum computers. The roadmap, published Thursday on the Ethereum Foundation blog, highlights a renewed emphasis on simplicity, security, and efficiency at … Read more

Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO). The firm priced shares at $33 a share under the ticker “FIG,” valuing the company at about $20 billion. The stock changed hands at … Read more

WASHINGTON, D.C. — Securities and Exchange Commission (SEC) Chairman Paul Atkins said his agency is launching “Project Crypto” with an aim to make a quick start on the new crypto policies urged by President Donald Trump. Atkins announced the new initiative in a Thursday speech at the America First Policy Institute, saying the effort will … Read more

Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries, … Read more

Bitcoin development firm Blockstream has unveiled “Simplicity,” a programming language for smart contracts built on the layer-2 network Liquid. Co-founded by cryptographer and early Bitcoin contributor Dr. Adam Back, Blockstream has introduced Simplicity with the aim of solving the limitations of Bitcoin as a venue for smart contracts. “Simplicity gives Bitcoin expressive smart contracting power, … Read more

Helium, one of the most well-known DePIN projects on Solana, is launching a new service called Helium Plus, aimed at transforming how businesses contribute to the Helium Network. Helium Plus will enable public Wi-Fi providers and businesses to join the network using existing Wi-Fi routers, with no additional hardware required. This will open the door … Read more

Yesterday, July 30th, was the 10-year anniversary of Ethereum’s launch. In today’s Crypto for Advisors newsletter, Alec Beckman from Psalion writes about Ether’s growing role as a treasury reserve asset and highlights growing trends. Then, Eric Tomaszewski from Verde Capital Management answers questions about Ether as an investment in Ask an Expert. Thank you to … Read more

Robinhood’s (HOOD) strong second-quarter earnings Wednesday evening have prompted Wall Street to raise its expectations for the stock, but the modest boosts suggest the group believes much upside has been priced in. Shares are trading slightly higher Thursday morning at $106.50. Citi, which lifted its price target to $120 from $100, continued with a neutral … Read more

Global payments provider Visa (V) is expanding its stablecoin settlement platform to new blockchains and stablecoins, the company announced on Thursday. The firm will now support two dollar-pegged tokens, PayPal USD (PYUSD) and Global Dollar (USDG), through a partnership with Paxos. It is also adding the euro-backed EURC, issued by Circle Internet (CRCL), giving partners … Read more

Stablecoins, the dollar-pegged tokens that now rival the volumes of Visa and Mastercard for international payments, are about to get faster. While their traditional finance rivals can process upwards of 65,000 transactions a second (TPS), the web of decentralized blockchains in existence today offer a variety of latency values. However, the connections between large chunks … Read more

Ether (ETH) hovered near $3,800 on Thursday as increasingly bullish price targets circulated on crypto social media, including one analyst who outlined a case for $16,000 based on long-term technical setups and sustained institutional inflows. “Edward”, a popular chart analyst on X, argued in a Thursday post that a five-digit ether price is now within … Read more

Clearpool, a decentralized credit marketplace, unveiled a suite of products to finance payments, targeting fintech firms processing cross-border transfers and card transactions. The products include stablecoin credit pools for payment finance (PayFi) and cpUSD, a permissionless token that generates yield from short-term lending to payment providers. “What many overlook is that while stablecoins settle instantly, … Read more

CoinDesk Indices announced, in partnership with SGX Indices, the launch of the iEdge CoinDesk Cryptocurrency Indices, a suite of regulated digital asset benchmarks designed to support institutional market participants with robust, transparent data infrastructure. The new indices include real-time benchmarks and reference rates for Bitcoin and Ethereum, compliant with EU Benchmarks Regulation (EU BMR). These … 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 3987.71, up 2.9% (+112.96) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: HBAR (+7.9%) and APT (+5.0%). Laggards: AAVE (+1.7%) and BTC (+1.8%). The … Read more

Meme-inspired cryptocurrency PEPE slipped nearly 5% in the last 24-hour period under a wave of liquidations and record-setting trading activity. The token dropped from $0.000012023 to $0.00001119 as bears overwhelmed attempts at recovery. At one point, trading volume spiked to 6.91 trillion tokens in a single hour, setting a ceiling near $0.000011692, according to CoinDesk … Read more

The U.S. Securities and Exchange Commission (SEC) approval on Tuesday of in-kind creations and redemptions for spot bitcoin and ether ETFs aligns them more closely with traditional exchange-traded funds and is set to unlock new market efficiencies and smoother trading. The decision replaces the existing system, which requires ETF issuers to switch between cash and … Read more

Internet Computer Protocol’s native token ICP declined 4.77% over the past 24 hours, slipping from $5.66 to $5.39 as sellers overwhelmed buyers during a period of intensified downward pressure. The asset traded within a $0.33 range between $5.68 and $5.35, reflecting 5.3% volatility, according to CoinDesk’s technical analysis data model. The most decisive breakdown occurred … Read more

South Korea’s central bank plans to establish a virtual asset team as it considers its approach to the crypto sector, according to a report by local news outlet News1 on Tuesday. The team will be responsible for monitoring the digital asset market and holding discussions on crypto-specific legislation. Part of its purview includes looking at … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) is holding its own as the broader crypto market declines in the run-up to today’s Federal Reserve monetary policy decision and a slew of data later this week. The CoinDesk 20 Index (CD20) has fallen 1.6% in the past 24 hours, while bitcoin is … Read more

BISON, the crypto trading platform owned by Boerse Stuttgart Group, will add six new cryptocurrencies to its offering by the end of July, bringing the total to 32. Users will be able to buy and sell Lido DAO (LDO), Binance Coin (BNB), Avalanche (AVAX), Ondo (ONDO), Pepe (PEPE) and NEAR Protocol (NEAR) without paying trading … Read more