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
Crypto investors lost around $2 billion to hacks in the first half of the year, with the first quarter alone topping all the losses of 2024, according to a report from security firm Hacken. The most intriguing finding was that multisignature wallets, which require several people to sign a transaction before it is executed were … Read more
BNB slid 4.3% in the last 24 hours, falling from $808 to $764 in a sharp pullback that erased a portion of its gains month-to-date. The drop came on heavy volume, with traders watching a critical support zone around $744 to $753 as the next test for the market. At one point, BNB touched a … Read more
What to Know XRP fell 10.14% in the 24-hour session from July 23 at 12:00 to July 24 at 11:00, declining from $3.45 to $3.10. The selloff accelerated between 13:00–21:00 on July 23, breaching the $3.20 support and forming fresh resistance at $3.23–$3.25. By early July 24, the token printed a session low of $2.96 … Read more
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. BTC/JPY: Focus on descending triangle Bitcoin’s (BTC) dollar-denominated price continues to fluctuate below $120,000, hovering around major intraday moving averages, which provides little directional clarity. Hence, we are focusing on bitFlyer’s BTC/JPY pair, which displays … Read more
Solana developers are considering increasing the network’s block capacity by 66% as demand for block space on the most widely used network grows. A new proposal, SIMD-0286, floats the idea of increasing Solana’s per-block compute limit from 60 million to 100 million compute units (CUs), according to a document posted by core contributors this week. … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) consolidation continues to take the wind out of the bull run in the broader market that had raised hopes for the so-called alt season marked by prolonged outperformance of alternative cryptocurrencies. Over the past 24 hours, major altcoins have experienced a significant decline, led … Read more
Ghana is set to begin licensing cryptocurrency platforms in response to a surge in demand for digital assets in the West African country, Bloomberg reported on Thursday. The country’s central bank is finalizing a regulatory approval to submit to parliament by September, according to the report, citing an interview with Bank of Ghana Governor Johnson … Read more
Ten of the largest trade associations in fintech and crypto have called on President Donald Trump to intervene in what they say is a coordinated attack by big banks to stifle innovation and lock out competitors. In a letter sent on Wednesday, the groups, which include the Blockchain Association, and the Crypto Council for Innovation, … Read more
Thursday’s price pullback in major cryptocurrencies is probably the result of a long squeeze, or unwinding of leveraged bullish plays, rather than an outright bearish stance. The CoinDesk 20 Index (CD20) of the largest, most liquid tokens has lost 6.8% in the past 24 hours, with bitcoin (BTC), the leading cryptocurrency by market value, falling … Read more
Dogecoin posted a sharp decline during the July 23–24 trading session, shedding 11% from $0.26 to $0.24 amid sustained institutional sell pressure and extreme volatility. Trading volumes surged past 2.26 billion tokens during the selloff window, marking one of the highest activity spikes in recent weeks. Analysts cited broader crypto market fragility and profit-taking from … Read more
New statistical evidence has emerged, suggesting that bitcoin’s (BTC) market dynamics are now intricately linked to the ebb and flow on Wall Street. Recently, the 90-day correlation coefficient between bitcoin’s 30-day implied volatility indices – Volmex’s BVIV and Deribit’s DVOL – and the S&P 500 VIX hit a record high of 0.88, according to data … Read more
FTX, the once prominent crypto exchange, will begin the next round of cash redistribution on Sept. 30, the bankrupt firm said in a statement on Wednesday. The firm, which was led by founder Sam Bankman-Fried, started paying back its creditors earlier this year. FTX has repaid nearly $6.2 billion after getting approval for its redistribution … Read more
Brazilian securitization firm VERT has launched a blockchain-based private credit platform on the XRP Ledger, debuting with a brazilian real 700 million (approximately $130 million) issuance of an Agribusiness Receivables Certificate (CRA), per a release. The CRA, a key instrument used to bundle future cash flows from Brazil’s agricultural sector was recorded on-chain using the … Read more
A sharp pullback across crypto markets on Tuesday triggered nearly $735 million in liquidations with bulls bearing the brunt. Ether (ETH) and XRP tracked futures bets booked larger losses than bitcoin in an unusual move, indicative of the higher interest toward altcoin traders in the past week. CoinGlass data shows ETH traders lost $152.78 million, … 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. In 2021, China’s central bank warned that global stablecoins could bring … Read more
Tesla’s (TSLA) bitcoin (BTC) stash is now worth around $1.2 billion after the cryptocurrency’s price climbed 30% in the second quarter of this year, according to its earnings report. The gain reflects a recent change in how U.S. accounting rules treat digital assets — one that works in Tesla’s favor. Tesla currently holds 11,509 BTC, … Read more
Joe McCann is winding down Asymmetric’s Liquid Alpha Fund after the fund was accused of losing massive value this year and drew sharp criticism online. In a social media post, the crypto investor said that the strategy behind the Liquid Alpha Fund “clearly is no longer serving our LPs.” He said the fund had been … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Ethereum Validator Exit Queue Tops $2B as Stakers Rush to Quit After 160% Rally Jito Launches BAM to Reshape Solana’s Blockspace Economy Ethereum Validators Signal Intention of Upping … Read more
Central to Draper’s worldview is the notion that bitcoin is simply better technology than any government-issued currency. Roughly 20% of the global adult population is unbanked, according to the World Bank; Bitcoin enables such people to make online payments, and manage their savings. It’s also incredibly efficient in terms of sending money abroad. A wire … Read more
PEPE fell more than 5% in the last 24-hour period, dropping from a session high near $0.000014167 to a low of $0.000012915, before seeing a slight recovering. Trading volume reached 13.02 trillion tokens an hour during the sell-off, more than four times the session average of 3.2 trillion, according to CoinDesk Research’s technical analysis data … Read more
A Denver grand jury has indicted a married couple on 40 counts of theft, fraud and deceit, for allegedly operating a multi-million-dollar cryptocurrency scam that mostly targeted churches, the Denver District Attorney announced in a press release on Tuesday. Between 2022 and July 2023, Eli Regalado, who is also a pastor who preaches at the … Read more
NEAR Protocol endured a turbulent 24-hour stretch between July 22 15:00 and July 23 14:00, declining from $2.97 to $2.81 in a 5.41% move that underscored broader weakness across the altcoin complex. The token traded within a volatile $0.28 range, peaking at $3.04 before slumping to an intraday low of $2.76. The sharpest selloff emerged … Read more
Internet Computer (ICP) recorded a 5.35% pullback over the last 24 hours, dropping from $6.01 to $5.69 as weakness set in among the broader altcoin market. ICP struggled to maintain bullish momentum, encountering firm resistance in the $6.00–$6.10 zone that had capped multiple breakout attempts. The sharpest decline came during the 13:00 UTC hour on … Read more
Cosmos Hub’s ATOM token suffered a steep decline over the past 24 hours, falling from $5.08 to $4.82 as institutional participants intensified liquidation activity. The 5.1% drop was accompanied by a surge in trading volume, with a peak of 7.73 million tokens changing hands during a particularly heavy sell-off between 09:00 and 14:00 UTC on … Read more
An overlooked monetary shift has started in Latin America that might provide actual financial liberty to large numbers of individuals while also challenging long-standing institutions. A 2024 Chainalysis analysis claims that stringent restrictions on capital and inflation levels above 100% are driving the adoption of cryptocurrencies in nations like Argentina and Venezuela. This change leads … Read more
BONK has endured heavy selling pressure during the last 24 hours, with the Solana-based meme token falling 4% from $0.000035 to $0.000033. A volatile trading range of $0.000014 defined the session as investors digested elevated valuations and market-wide positioning shifts. The asset reached an early peak of $0.0000377 at 02:00 UTC, but efforts to extend … Read more
Benchmark rates have long been a cornerstone of traditional finance (TradFi), underpinning trillions in financial instruments. Benchmarks like LIBOR and SOFR play a crucial role in determining lending and borrowing costs. However, these benchmarks have faced criticism for their centralization and vulnerability to manipulation. Notably, in June 2012, Barclays admitted to manipulating LIBOR, resulting in … Read more
BNB rose more than 3% in the past 24 hours, briefly topping $800 to reach a new high near $810. BNB peaked at $809.84 as trading volume exceeded the session’s average to 125,568 tokens in an hour, according to CoinDesk Research’s technical analysis model. Behind the rally were a number of factors, including a more … Read more
Jack Dorsey’s Square (XYZ) has begun the rollout of bitcoin payments for merchants on its network. Square began onboarding the first sellers, enabling them to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer at Square’s parent company Block (XYZ), posted on X on Tuesday. Payments are settled in real-near time using Bitcoin … Read more