Bitcoin Cash (BCH) extended its recent rally on Sunday, rising 5.25% to $583.64 as of 08:54 GMT, according to CoinDesk data. The token has now gained 10.5% over the past week, 15.7% over the last two weeks and 17.3% over the past 30 days. Sunday’s breakout has caught the attention of several technical analysts, who … Read more
Bitcoin’s identity crisis came roaring back into focus this weekend after Galaxy Digital (GLXY) announced that it had facilitated a $9 billion sale of more than 80,000 bitcoin for a Satoshi-era investor. The firm said the sale — one of the largest notional BTC transactions ever — was part of the seller’s estate planning strategy. … Read more
Cryptocurrency may be easier to buy than ever, but most Americans still want no part of it. A new Gallup survey found that just 14% of U.S. adults own crypto, a figure that has been growing but still represents a small slice of the investing public. The study, conducted in mid-June, revealed deep skepticism about … Read more
Japanese AI firm Quantum Solutions is set to start investing in bitcoin (BTC) through its Hong Kong-based subsidiary, GPT Pals Studio, the company said in a press release. The decision, approved at a board meeting on July 23, includes plans to initially purchase up to $10 million in BTC using borrowed funds. The firm aims … Read more
Bitcoin continues to trade above the $118,000 mark, holding steady after a week of significant institutional developments and a landmark milestone in on-chain metrics. According to CoinDesk Data, BTC was last up 1.45% over the past 24 hours, bringing its 30-day gain to 10.42% and lifting its year-to-date performance to more than 26%. Blockchain analytics … Read more
The Senate Banking Committee has introduced a discussion draft bill for addressing crypto market structure, tackling part of what will overall be a significant legislative push to meet the House’s Clarity Act. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future … Read more
Coinbase’s rebrand of its Wallet into the Base App has kicked off a SocialFi surge, sending Zora’s (ZORA) activity into overdrive and leading to a massive rally for its token. Zora, which lets users mint tradable tokens tied to individual social posts, saw a dramatic rise in use following the app’s July 16 rebrand. The … Read more
BNB rose around 0.6% in the last 24 hours, shaking off a recent drop to now trade close to $780. At its peak, the token reached $785.75, bouncing from a low of $761.22 during a stretch of high-volume trading. Much of the volume centered on a sharp correction, when BNB dropped from $774.52 to $761.34 … Read more
Sui (SUI) rallied 15% on Saturday to $4.23, extending its multi-week surge and outperforming most major cryptocurrencies. The token is now up 13.1% over the past week, 28.7% in the last 14 days, and 62.3% over the past month, according to CoinDesk data. The move drew renewed attention from crypto traders, with analysts flagging potential … Read more
Tyler Winklevoss, co-founder of the crypto exchange Gemini, claimed that JPMorgan Chase halted its onboarding process for Gemini after he criticized the bank’s new fee structure for fintech companies. Last week, Winklevoss publicly criticized JPMorgan CEO Jamie Dimon after Bloomberg reported the bank would start charging fintech platforms for access to customer banking data. Many … Read more
Hedera’s HBAR token surged nearly 12% on Friday, climbing to $0.2657 and outperforming every other top-20 cryptocurrency by daily percentage gain, according to CoinDesk Data. The rally followed an announcement by popular trading platform Robinhood that it had added support for the asset, increasing its exposure to a broad base of U.S. retail investors. The … Read more
XRP is regaining investor attention as a wave of ETF-driven optimism and post-lawsuit momentum builds around the token — even amid price turbulence and large-scale liquidations earlier this week. According to Bitget Wallet CMO Jamie Elkaleh, institutional confidence has improved since Ripple’s partial legal win in March, paving the way for futures products like ProShares’ … Read more
NEW YORK — Prosecutors told a federal judge in open court on Friday that they were considering criminally charging certain employees of crypto venture capital firm Dragonfly Capital, including general partner Tom Schmidt, for their 2020 investment into privacy tool Tornado Cash. The discussion between prosecutor Nathan Rehn and District Judge Katherine Polk Failla of the … Read more
Bitcoin (BTC) rebounded on Friday from its overnight dip below $115,000, back to its familiar range it traded for the past two weeks. The largest crypto recently changed hands at $117,200, still down 1.2% over the past 24 hours. Some analysts noted the dip coincided with asset manager Galaxy moving large amount of BTC to … Read more
While bitcoin (BTC) slid only modestly, other major cryptocurrencies tumbled over the past few days, sparking doubt of the durability of the so-called altcoin season. XRP (XRP), dogecoin (DOGE) and Solana’s SOL (SOL) declined the most among the top 10 cryptos on Friday, slipping around 5% each over the past 24 hours, CoinDesk data shows. … Read more
Digital bank Revolut’s crypto staking services are once again available for its customers in Hungary after pausing for a couple of weeks, a spokesperson from the company told CoinDesk on Friday. The company had paused the majority of its crypto services for customers in Hungary on July 7 due to a new law that criminalized … Read more
Polkadot’s DOT encountered ongoing bearish momentum despite several recovery attempts, fluctuating between $3.87-$4.11 throughout the 24-hour timeframe, according to CoinDesk Research’s technical analysis model. The model showed that substantial institutional purchasing activity developed at critical support zones around $3.87-$3.93, notably during elevated volume sessions at 03:00 and 14:00 hours. Significant support has developed in the … Read more
It’s hard to believe that ETH was languishing at less than $1500 in April. Now it’s above $3800 again. Ethereum’s comeback is the story of the summer. Through ETFs ($2 billion inflows in two weeks), ETH treasury vehicles and excitement around tokenization, the comeback is well and truly on. And institutions are in the driving … Read more
BONK experienced aggressive volatility over a 24-hour period to end the week, swinging 15% between $0.00003185 and $0.00003763. The Solana-based memecoin initially surged on the heels of a 500 billion token burn announcement before a Galaxy Digital-linked wallet moved $18.75 million worth of BONK to major crypto exchanges, triggering a 9% pullback in under an … Read more
SharpLink Gaming (SBET), the Nasdaq-listed crypto treasury firm that has recently emerged as one of the largest corporate holders of ether (ETH), said on Friday it has appointed former BlackRock executive Joseph Chalom as co-CEO of the firm. Chalom, who spent two decades at BlackRock in different roles, spearheaded the asset management giant’s foray into … Read more
Christie’s International Real Estate has launched a dedicated division to facilitate real estate transactions conducted entirely in cryptocurrency, the New York Times reported on Thursday. Spearheaded by Aaron Kirman, CEO of a Christie’s-affiliated firm in Los Angeles, the initiative follows several high-profile deals, including a $65 million Beverly Hills transaction where crypto was used exclusively. … Read more
The first wave of U.S.-listed spot Ethereum exchange-traded funds (ETFs) has racked up nearly $8.7 million in net inflows in its first year on the market, according to public data compiled since the funds launched on July 23, 2024, despite heavy outflows out of Grayscale’s Ethereum Trust (ETHE). That performance, while modest compared to their … 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 3943.11, down 2.0% (-80.67) since 4 p.m. ET on Thursday. Five of 20 assets are trading higher. Leaders: BCH (+7.2%) and HBAR (+3.6%). Laggards: SOL (-4.2%) and XRP (-3.7%). … Read more
NEAR Protocol bounced 0.7% between 11:10 and 12:09 UTC on Thursday, erasing a brief $2.77 dip in a volatile trading window marked by sudden institutional inflows. The token whipsawed from $2.79 to $2.77 before reclaiming session highs, highlighting a two-phase move characterized by consolidation near $2.78, followed by a selloff and swift recovery. The rebound … Read more
A single buyer spent more than $2.9 million on six rare CryptoPunks featuring the coveted hoodie trait, deepening a resurgence in the market for non-fungible tokens (NFTs) that has pushed up prices and volumes. The purchase, carried out in rapid succession on NFT marketplace OpenSea, came after floor prices for top collections surged across the … Read more
Disclaimer: The analyst who wrote this article owns shares in Strategy. Strategy (MSTR), under the leadership of Executive Chairman Michael Saylor, may have just finalized its largest preferred stock issuance to date with an STRC (Stretch) offering joining the STRD, STRF and STRK preferred shares to build out the company’s credit yield curve. Among these, … Read more
A number of public companies may be about to build hoards of altcoins in an attempt to pump their share prices. Such companies are attempting to replicate the model mastered by Michael Saylor’s Strategy (MSTR) which has now accumulated 2.9% of all the bitcoin (BTC) that will ever exist. Since it embarked on its BTC … Read more
By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC) has dropped 3% in the past 24 hours and is currently some 7% below its June 14 all-time high. This raises the question of how much further it might drop. In the context of a continuing bull market, double-digit corrections are not unusual, … Read more
Decentralized finance (DeFi) protocol Maple Finance (SYRUP) has swept away any bearish crypto sentiment, rising by 23% in the past 24 hours after it was listed on Upbit, South Korea’s largest exchange. Daily volume increased from $230 million to $862 million after the listing as traders poured in to buy SYRUP despite a wider crypto … Read more
Aptos’ APT exhibited exceptional price volatility throughout the 24-hour trading period, establishing a comprehensive trading range of 5.4%, spanning from an absolute low of $4.53 to a session high of $4.79, according to CoinDesk Research’s technical analysis model. The model showed that the period was highlighted by an explosive intraday rally at 14:00 on July … Read more