Crypto

Polkadot’s DOT (DOT) surged as much as 5% in the last 24-hours, climbing from $3.52 to $3.70 as bulls dominated the session, according to CoinDesk Research’s technical analysis model. The model showed that a key breakout occurred at 19:00 on July 9, with DOT spiking to $3.63 on heavy volume of 4.21 million. The rally … Read more

Cryptocurrency miner BIT Mining (BTCM) is shifting its focus to Solana with plans to raise up to $300 million to acquire SOL tokens. BIT Mining said it wants to “capture emerging opportunities across the broader blockchain” industry and attract investors seeking exposure to Solana in an announcement on Thursday. The company’s New York Stock Exchange-listed … Read more

By Omkar Godbole (All times ET unless indicated otherwise) Everyone’s buzzing about bitcoin (BTC) finally catching a bid, setting record prices on several exchanges and igniting bullish excitement. But don’t let the spotlight on BTC cast AI coins into the shadow. Major tokens supposedly associated with artificial intelligence, such as TAO, ICP, RENDER and FET, … Read more

The European Securities and Markets Authority (ESMA), the financial watchdog for the 27-country trading block, has carried out a peer review of Malta’s application of the Markets in Crypto Assets (MiCA) regime, with specific attention to the island’s fast-tracked authorization of a certain unnamed crypto firm. ESMA’s Peer Review Committee (PRC) focuses on the authorization … Read more

Corporate adoption of bitcoin (BTC) accelerated dramatically in Q2, with public companies purchasing 159,107 BTC and bringing their collective holdings to 847,000 BTC valued at $91 billion, according to Bitwise. This represents a 23% increase in holdings quarter over quarter and covers 4% of bitcoin’s total capped supply of 21 million BTC. The average bitcoin … Read more

Video-sharing platform Rumble (RUM) struck a deal with crypto payments provider MoonPay for its forthcoming cryptocurrency wallet, the company told CoinDesk on Thursday. The Rumble Wallet, scheduled to go live in in the third quarter, will integrate MoonPay’s infrastructure to handle seamless conversions between digital assets and fiat currency, and will let users buy, sell … Read more

The international arm of Ant Group, the company backed by Alibaba founder Jack Ma, plans to bring Circle’s USDC stablecoin onto its proprietary blockchain. The rollout will start once U.S. regulators certify the dollar-pegged token under the new federal rules, Bloomberg reported, citing people familiar with the deal. The move would give USDC a link … Read more

Bitcoin (BTC) reached new all-time highs just above $112,000 on Wednesday, although the increase was only marginal compared to the previous peak. Despite the wave of bullish corporate adoption, with public companies adding bitcoin to their balance sheets. On-chain data suggests that bitcoin has more room to run when compared to previous cycle highs. One … Read more

The Reserve Bank of Australia (RBA) will explore the development of wholesale tokenized asset markets alongside an array of industry participants. “Project Acacia” will use stablecoins, pilot wholesale central bank digital currency (CBDC) and bank deposit tokens in 24 use cases of tokenizing a range of asset classes, such as fixed income and private markets. … Read more

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That’s the message from the daily price chart of BlackRock’s Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag … Read more

Ethereum’s native token, ether ETH, rose nearly 6% Wednesday, outperforming bitcoin (BTC), XRP (XRP) and solana’s SOL (SOL) as expected. The outperformance saw record trading activity in BlackRock’s spot ether exchange-traded fund (ETF), ETHA, listed on Nasdaq. More than 43 million shares of ETHA changed hands Wednesday, the highest single-day tally since the fund’s debut … Read more

An ether (ETH) trader known only by their wallet address became the subject of on-chain attention after a massive short position flipped from deep unrealized profit to a loss in a matter of days. According to data from Lookonchain, wallet address 0xCB92 opened a 50,000 ETH short position on Hyperliquid, which at one point showed … Read more

Justin Sun’s $100 million TRUMP token buy signals a strategic alignment with the U.S. administration’s pro-crypto stance and marks the first of many planned collaborations with the Trump team, the Tron founder told CoinDesk in an interview. This isn’t the first investment the Tron founder has made in projects within the Trump-crypto universe. Sun’s ties … Read more

Shiba Inu’s (SHIB) dollar-denominated price hit a one-month high, charting a bullish trend against Bitcoin. However, the outlook against its rival, dogecoin, doesn’t look as promising. SHIB has gained 5.2% in the past 24 hours, reaching a high of $0.00001255 on Coinbase, the level last seen on June 12. As of writing, the cryptocurrency teased … Read more