CoinDesk

Ether treasury firm BitMine Immersion Technologies (BMNR) has said it will repurchase up to $1 billion of its outstanding shares as part of a new open-ended buyback program approved by its board. The move comes as BitMine’s crypto and cash holdings have ballooned to $2.77 billion, including 625,000 ETH valued at $2.35 billion and 192 … Read more

Coinbase’s (COIN) partnership with Circle (CRCL) and exposure to Circle’s USDC stablecoin is generating significant financial upside, both through equity appreciation and high-margin revenue streams, according to a new report from Wall Street bank JPMorgan. The total value of Circle-related economics to Coinbase shareholders is estimated at $55 to $60 billion, the bank said, suggesting … Read more

Widespread use of U.S. dollar-denominated stablecoins in the European Union (EU) for payments or settlement could damage the European Central Bank’s control over monetary conditions, an ECB adviser said. If U.S.-backed stablecoins, digital assets that are backed by the dollar, gain traction for use in the EU, the effect could be similar to the impact … Read more

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Bollinger bands tighten BTC’s continued consolidation between $116,000 and $120,000 calls for renewed focus on Bollinger bands, which have now tightened to levels last seen before the late February volatility explosion that saw prices … Read more

Linea, an Ethereum layer-2 network incubated by Consensys, has unveiled a comprehensive suite of upgrades designed to embed the network deeper into the layer 1’s economic and ideological fabric. Linea’s updated road map, expected to roll out in October 2025, introduces ETH-native staking on bridged assets, a protocol-level ETH burn mechanism, and the allocation of … Read more

DeFi Development (DFDV), the Nasdaq-listed firm pursuing a crypto treasury strategy focused on Solana (SOL), said on Tuesday it increased holdings to roughly 1.18 million SOL, worth about $218 million. According to a press release shared with CoinDesk, the company acquired 181,303 SOL tokens between July 21 and July 28 at an average price of … Read more

Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency’s circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold increase from current levels. The pace … Read more

ARK Invest bought $18.6 million worth of shares in ether treasury firm BitMine Immersion Technologies (BMNR). Cathie Wood’s investment firm added a total of 529,366 BMNR shares to its Innovation (ARKK) and Next Generations Internet (ARKW) exchange-traded funds (ETFs) on Monday, according to an email notification. BMNR fell more than 11.8% to $35.11 and is … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s Asian session bounce from $117,500 ran out of steam near $119,200 during European hours, extending two weeks of directionless trading. The CoinDesk 20 (CD20) Index traded 1.4% lower over 24 hours, with the broader CD80 gauge reporting a 4.6% decline, indicating pronounced weakness in altcoins. … Read more

CoinDCX, India’s largest crypto exchange, dismissed a local media report that U.S. rival Coinbase (COIN) was looking to acquire it. “Ignore the rumours,” CEO Sumit Gupta said Tuesday in a post on X. Earlier in the day Mint reported that Coinbase was in advanced talks to acquire the Mumbai-based company, citing two people with knowledge … Read more

Bitmain, one of the largest producers of crypto mining hardware, is set to open its first facility in the U.S. over the next few months, Bloomberg reported, citing the company’s global business chief, Irene Gao The maker of Antminer rigs, which currently manufacturers across southeast Asia, plans to set up a U.S. base and assembly … Read more

JellyC, a digital asset investment manager with over $100 million in assets under management, said it joined a program with crypto exchange OKX and international bank Standard Chartered (STAN) that will allow it to trade cryptocurrencies while keeping its collateral secure off-platform. The Australian company said it will use a Franklin Templeton tokenized money market … Read more

D2X, an Amsterdam-based crypto derivatives exchange designed for institutional investors, has raised 4.3 million euro ($5 million) in a strategic funding round. Circle Ventures, CMT Digital and Canton Ventures joined the raise as strategic investors, alongside the renewed backing of Point72 Ventures, Tioga Capital, GSR, and Fortino Capital. Licensed under the EU’s MiFID II framework … Read more

RAKBANK, one of the oldest lenders in the United Arab Emirates (UAE), is allowing retail customers access to cryptocurrencies through a partnership with Vienna-based crypto exchange Bitpanda, the companies said on Tuesday. Users can now access “a range of cryptocurrencies” via RAKBANK’s mobile banking app. The bank did not specify which cryptocurrencies would be on … Read more

Crypto asset manager CoinShares has launched a new exchange-traded product (ETP) that gives investors exposure to Sei (SEI) while eliminating management fees and offering a 2% staking yield. The product, listed under the ticker CSEI, will be traded on the SIX Swiss Exchange. It marks the first regulated investment vehicle offering direct access to SEI, … Read more

After a historic 60-day run, bitcoin’s (BTC) premium on Coinbase, a key indicator of robust U.S. investor demand, is dissipating, indicating a notable shift in market dynamics. BTC’s Coinbase premium, which represents the percentage difference between the BTC/USD pair on Coinbase and the BTC/USDT pair on Binance, turned negative early Tuesday, marking the first such … Read more

Bridgewater Associates founder Ray Dalio is calling for investors to allocate 15% of their portfolios to bitcoin (BTC) or gold, citing heightened risks from the U.S.’s accelerating debt burden and long-term currency devaluation. “If you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or … Read more

Shares of Hyperscale Data (GPUS) rose as much as 12% Monday after the company confirmed it has begun acquiring XRP, following through on its previously announced plan to allocate up to $10 million into the token as part of a broader digital asset strategy. In a July 28 statement, the company said it views XRP … 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 crypto market is flashing warning signs. Institutions are stepping back … Read more

Technology platform Bakkt (BKKT) is moving to complete its transition into a pure-play crypto infrastructure firm with the planned sale of its loyalty business, the company said in a press release Monday. The Nasdaq-listed company has entered into a definitive agreement to sell the unit to Project Labrador Holdco, a subsidiary of Roman DBDR Technology … Read more

Brain Quintenz, President Donald Trump’s pick to take over the Commodity Futures Trading Commission that’s anticipated to be the premiere U.S. crypto regulator, needs a sign-off from the Senate Agriculture Committee before he can get a confirmation vote. But that step has now been delayed a second time. The committee was set to vote on … Read more

With crypto policy now representing one of President Donald Trump’s most concrete achievements in his second term, the White House is reportedly gearing up toward further moves to affix digital assets into a more prominent role in the U.S. economy. Trump is widely expected to soon issue an executive order that calls for American’s retirement … Read more

SUI, the native token of the Sui blockchain, is down nearly 6% over the past 24 hours, retreating to $4.04 after briefly jumping to $4.44 overnight. The move came on the back of a 32.37 million token volume spike, well above daily norms, before selling intensified and dragged prices lower, CoinDesk Analytics data shows. Bulls … Read more

BNB, formerly known as Binance Coin and the native token of the BNB Chain, surged to a fresh all-time record early Monday, hitting $860. While it pared some of the gains during the U.S. session to trade around $840, it still has been the best-performing cryptocurrency over the past week in the top 10 by … Read more

Solana (SOL) treasury activity continues to draw institutional attention after Nasdaq-listed consumer brand company Upexi Inc. announced a new $500 million equity line agreement on Monday. The facility, arranged with A.G.P./Alliance Global Partners, allows the company to issue common stock at its discretion, subject to certain closing conditions. In a press release, Upexi said the … Read more

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on whether to approve an exchange-traded fund (ETF) proposed by Truth Social, the social media platform affiliated with Donald Trump. The delay, announced Monday, gives the agency until September 18 to decide on whether to approve the Truth Social Bitcoin ETF. The fund … Read more

EAR Protocol saw pronounced volatility over the 24-hour period from July 27 at 15:00 to July 28 at 14:00 UTC, fluctuating within a 5% range between $2.88 and $3.01. The token initially rallied from $2.90 to a high of $3.01 by 09:00 UTC on July 28, encountering firm resistance at that level. The price action … Read more

Cosmos’ native token ATOM posted a robust 4% gain over the past 24 hours, surging from $4.78 to $4.89 between July 27 at 15:00 and July 28 at 14:00 UTC. The token’s bullish advance was supported by clear technical signals, including multiple higher lows and a decisive breakout above the $4.84 resistance level, powered by … Read more

Decentralized systems like the electric grid and the World Wide Web scaled by solving communication bottlenecks. Blockchains, a triumph of decentralized design, should follow the same pattern, but early technical constraints caused many to equate decentralization with inefficiency and sluggish performance. As Ethereum turns 10 this July, it’s evolved from a developer playground into the … Read more