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
Wall Street bank Citi (C) refined its crypto valuation models to reflect the evolving dynamics of the digital asset market, producing a new year-end forecast that puts bitcoin (BTC) at $135,000 in its base case. In the bank’s most optimistic scenario, the largest cryptocurrency could climb to $199,000 by the end of the year, while … Read more
Hong Kong-based cryptocurrency exchange OSL Group has raised $300 million in an equity sale. OSL, which was the first exchange to win a license from the Hong Kong Monetary Authority (HKMA), said it will use the new capital to develop new business initiatives, such as building payment and stablecoin services. Hong Kong will start allowing … Read more
XRP slipped from last-week’s record high as a wallet attributed to Ripple co-founder Chris Larsen made a number of large transactions. Between July 17 and July 24, the wallet transferred 50 million XRP, worth approximately $175 million. Some $140 million of that was directed to centralized exchanges, according to blockchain analyst ZachXBT. Transferring tokens to … Read more
What to Know XRP posted sharp losses during the July 24–25 session, dropping 8% as the token traded in a $0.30 range from $2.96 to $3.26. An early session rally fizzled after profit-taking intensified near the resistance level, while a sudden liquidation wave wiped out more than $100 million in long positions. Despite the selloff, … Read more
Bitcoin’s (BTC) price dropped early Friday, marking a bearish resolution to the recent range play as the U.S. equity markets showed signs of an uptrend exhaustion at key price resistance. The leading cryptocurrency by market value slipped over 2.5% to $115,170, hitting the lowest since July 10, according to CoinDesk. The move marked the downside … Read more
Ark Invest, the investment firm led by Cathie Wood, offloaded $12 million worth of Coinbase (COIN) on Thursday, continuing the trend of taking profit from its investment in the crypto exchange. Recently, Ark has been selling its Coinbase stake and diversifying into other crypto plays. Last week, the firm invested $116 million into the Peter … Read more
Futures tied to Volmex’s bitcoin (BTC) and ether (ETH) implied volatility indices, BVIV and EVIV, have registered a cumulative trading volume of over $10 million since their debut on decentralized leveraged trading platform gTrade. The quick rise to over $10 million shows that traders are increasingly engaging with sophisticated derivatives linked to volatility for risk … Read more
NEW YORK — The government officially rested its case against Tornado Cash developer Roman Storm on Thursday, bringing eight days of witness testimony to a close. Storm’s defense introduced its first witness, Ethereum core developer Preston Van Loon, on Thursday afternoon. Van Loon told the jury that he was a user of Tornado Cash, describing it … Read more
Bitcoin’s (BTC) price rally may have stalled lately, but bullish conviction certainly hasn’t, as whales continue to bet millions on an extended market rally. Recently, one such whale executed a significant bullish options play targeting $200,000 by the year’s end. The strategy involved the simultaneous purchase of 3,500 contracts of the Deribit-listed $140,000 December call … Read more
Elon Musk’s artificial intelligence startup xAI is partnering with regulated prediction market Kalshi to bring its chatbot Grok into the world of real-money event forecasting, the companies said Thursday. The collaboration will allow Grok to analyze news, historical data and economic indicators in real time to support users trading on Kalshi’s federally regulated platform. Kalshi … Read more
Polkadot’s DOT staged a strong recovery after slumping as much as 7%, bouncing from $3.91 to $4.08 amid high trading volumes, according to CoinDesk Research’s technical analysis model. The model showed that DOT navigated substantial price swings during the 24-hour period from July 23 19:00 to July 24 18:00, oscillating between $3.91 and $4.20 before … Read more
The creator of the Bored Ape Yacht Club non-fungible tokens (NFTs) needs to better prove that a “satirical” version of these tokens was meant to mislead would-be buyers, a U.S. appeals court said Wednesday, overturning a lower court ruling and sending the case back to that lower court for a new trial. The U.S. Court … Read more
Internet Computer (ICP) experienced a sharp reversal after climbing to $5.76, with the token falling to $5.59 under renewed bearish pressure. The move capped a volatile 24-hour window in which prices swung between $5.28 and $5.76 – a range of 8.3%, according to CoinDesk’s techincal analysis data model. Bulls briefly pushed prices to the upper … Read more
With over 100 layer-2 (L2) blockchains, you’re excused for thinking Ethereum is too expensive and too slow. But ask any institution preparing to settle a $500 million interest rate swap where they’ll build, and the answer is Ethereum. The reason reveals everything about how institutional DeFi is likely to develop. The metrics that matter for … Read more
Strategy (MSTR), the world’s largest corporate bitcoin (BTC) holder helmed by Michael Saylor, has lifted the size its preferred stock offering STRC to $2 billion, Bloomberg reported on Thursday. That’s a significant raise from the original plan of issuing 5 million shares for $100 $100 each for a total of $500 million announced on Monday. … Read more
NEAR experienced notable price volatility over the 24-hour period ending July 24 at 15:00, with its token trading between $2.59 and $2.83. The sharp drop from $2.82 to $2.59 during early morning hours prompted high-volume trading of 7.91 million units, establishing a technical support level at the session low. This market dislocation attracted aggressive buying, … Read more
BONK posted a strong recovery on July 24, gaining 6.5% in value from $0.0000335 to $0.0000357 during the 24-hour window ending 14:00 UTC. The Solana-based meme token rebounded from an earlier dip to $0.0000311, recording an 18% trading range before closing near its daily highs. Price action was fueled by renewed institutional interest and mounting … Read more
After a heavy bout of selling pressure during the early hours of July 24, ATOM demonstrated impressive resilience, rebounding from an intraday low of $4.47 to close the session at $4.77. The 7% swing within 24 hours—defined by a peak at $4.82 and a low at $4.47—was supported by heavy volume exceeding 2.28 million units, … Read more
Ether extended its rally Thursday after BitMine Immersion Technologies (BMNR) announced that its holdings of the second most valuable cryptocurrency had surpassed $2 billion — just 16 days after closing a $250 million private placement to support its Ether treasury strategy. In a press release dated July 24, the Nasdaq-listed bitcoin mining firm said it … Read more
DeFi protocol MoreMarkets has launched a new XRP Earn Account, giving retail investors access to yield strategies long reserved for institutions and unlocking what it claims is a multibillion opportunity in idle XRP (XRP) holdings. The product allows XRP holders to earn yield through curated DeFi strategies while retaining self-custody, a first for a token … Read more
Digital media company GameSquare (GAME) said it bought Cowboy Ape #5577 of the CryptoPunk non-fungible token (NFT) collection from Robert Leshner for $5.15 million. The Frisco, Texas-based company, which described the purchase a strategic investment, also said it added just over $10 million worth of ether (ETH) to its treasury. Leshner, the founder of Compound … Read more
Decentralized finance (DeFi) platform Ethena is set to bring its $1.5 billion stablecoin to the U.S. market, teaming up with crypto bank Anchorage Digital to issue the token under the new stablecoin laws. As part of the partnership the firms announced on Wednesday, federally regulated crypto bank Anchorage will issue the USDtb token directly in … Read more
SUI (SUI) rebounded forcefully on Thursday, rising to $3.78 from $3.52 in just five hours, after slumping 8% during the U.S. night. The token had dropped from $3.82 starting around 11 p.m. ET before bottoming out at 3 a.m. ET. At that point, trading volume swelled to 35.4 million. That’s more than double its 24-hour … Read more
Solana’s ecosystem is coalescing around an updated vision its architects call “Internet Capital Markets”—a decentralized, high-performance foundation for the next generation of on-chain financial applications. While the network has long focused on boosting bandwidth and slashing latency, its latest roadmap dives deep into market microstructure, arguing that the next leap forward lies in giving applications … Read more
Blockchain is reshaping industries beyond finance. In this Crypto for Advisors newsletter, we shift focus from traditional investments to explore a disruptive blockchain use case in the music industry. Inder Phull, CEO and Co-Founder of Pixelynx and creator of KOR Protocol, explains how on-chain music rights and royalties are transforming ownership and why this matters … Read more
Bank of America (BAC) says the GENIUS Act, signed into law last Friday by President Donald Trump, marks a turning point for U.S. stablecoin regulation, laying the groundwork for infrastructure development and tokenized finance growth. Supply of stablecoins, crypto tokens whose value is pegged to real world assets such as fiat currencies or gold, will … 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 3950.66, down 0.3% (-13.48) since 4 p.m. ET on Wednesday. Six of 20 assets are trading higher. Leaders: BCH (+1.8%) and ETH (+1.1%). Laggards: APT (-5.3%) and DOT (-3.9%). … Read more
Capital is flooding into digital assets at a record pace this year, according to Wall Street bank JPMorgan (JPM), marking a sharp contrast with declining flows into private equity and private credit markets. JPMorgan estimates that net capital inflows into digital assets have hit $60 billion year-to-date, a nearly 50% jump since the firm’s last … Read more