Crypto

As bitcoin BTC continues a now multi-week consolidation just below its all-time high of $112,000, an interesting accumulation phenomenon is occurring. Both short-term and long-term holders have been increasing their stacks as distinct cohorts, which is unusual because these groups typically act in opposite directions, according to Glassnode data. The chart below from Glassnode illustrates … Read more

Status, a decentralized communications project, has launched a feature that it claims makes the network the first natively gasless layer 2 on Consensys’ Linea zkEVM stack. The layer 2, called Status Network, will operate differently compared to conventional rollups that depend on sequencer fees to stay afloat, the Status team said in a press release. … Read more

Crypto exchange Bullish has struck a partnership with the Solana Foundation, aiming to make Solana-native stablecoins the backbone of its trading and clearing operations. Under the collaboration, the two will work on institutional-grade financial infrastructure with stablecoins built on Solana to serve as the primary rails for custody, payments, and settlements across Bullish’s ecosystem, the … Read more

BONK tumbled 5.6% in the past 24 hours, falling $0.00002161 after a wave of selling pressure reversed earlier gains and broke through key support zones. Despite the near-term pullback, underlying ecosystem developments continue to support a broader bullish narrative. Attempts to reclaim $0.000022 between 20:00 UTC-21:00 UTC faltered despite 716.32 billion tokens in turnover, signaling … Read more

Crypto exchange Kraken and tokenized asset issuer Backed Finance are bringing tokenized equities to the BNB Chain (BNB), allowing trading with stocks like Apple and Nvidia around-the-clock on the network, the firms said on Wednesday. The move allows token versions of U.S. stocks such as Apple (AAPLx), Tesla (TSLAx) and S&P 500 ETF (SPYx) to … Read more

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. XRP’s price rose to a high of $2.83 during the early U.S. hours Wednesday, hitting levels last seen on May 23, according to data CoinDesk data, The move happened as the Guppy multiple moving average indicator, flashed a bullish signal. … Read more

Credit card users in Japan can now convert their loyalty points into crypto. Major conglomerate SBI Group’s APLUS is letting cardholders redeem APLUS points for small amounts of bitcoin (BTC), ether (ETH), or XRP (XRP). 2,100 points will earn users over 2,000 japanese yen worth of tokens, around $13 at current exchange rates. The crypto … Read more

If the U.S. House of Representatives manages to reach a floor vote on the Senate’s stablecoin bill next week, it could result in President Donald Trump fulfilling at least half of his mission to deliver new laws for the crypto sector this summer. That’ll be a highlight among a bundle of actions during a period … Read more

Shiba Inu (SHIB) whales have stepped up their sales as the cryptocurrency’s price recovery looks to gather steam alongside an uptick in futures market activity. The path of least resistance still appears to be on the higher side. SHIB, the world’s second-largest meme token by market value, traded above the 23.6% Fibonacci retracement of the … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) is hovering around $108,600, pretty much unchanged over 24 hours. The broader CoinDesk 20 (CD20) index added 1.8%, shrugging off the uncertainty surrounding President Trump’s recent tariff threats against various countries. President Donald Trump sent letters to 14 nations, including key partners in Asia, … Read more

Polymarket is locked in another controversy over the interpretation of UMA, a decentralized oracle that utilizes token holder voting to resolve prediction markets. UMA – a protocol which is a separate entity from Polymarket – is no stranger to controversy, having ruled before with interpretations that even Polymarket doesn’t agree with. This time, it’s about … Read more

Ripple, the payments-focused digital asset firm, on Wednesday, named banking giant BNY Mellon as the primary custodian of reserve assets backing its U.S. dollar stablecoin Ripple USD (RLUSD). BNY Mellon, one of the oldest and largest custody banks in the world overseeing $53 trillion of assets, will safeguard the stablecoin’s reserves and support the token’s … Read more

U.S. President Donald Trump has intensified his tariff rhetoric this week, but financial markets aren’t convinced, likely expecting the President to back down and eventually reach a compromise with trading partners. Earlier this week, the Trump administration sent out letters to 14 countries, warning of higher tariffs on their export of goods to the U.S. … Read more

Cryptocurrency users in the U.K. will be required to provide certain information to service providers relating to their digital asset activity from Jan. 1 2026, or risk a fine. Users must provide their full name, date of birth, address, country of residence and tax identification numbers. Failure to do so could land them a penalty … Read more

Cryptocurrency trading firm Galaxy Digital (GLXY) is expanding its blockchain staking platform for large institutional customers with help from crypto custody specialists Fireblocks, the companies said Wednesday. With the integration, Galaxy’s staking services are now natively accessible to the more than 2,000 of the world’s largest financial institutions that use Fireblocks to stake digital assets … Read more

Eigen Labs cut its workforce by 25%, losing 29 roles, as CEO Sreeram Kannan said he restructured the company to focus on developing EigenCloud, what he called a “verifiable” alternative to existing, opaque cloud services. The Seattle-based startup said the dismissals were not a cash-crunch response. The comany is backed by $220 million in venture … Read more

Anthony Pompliano’s ProCap, recently shared an update on its progress and valuation metrics. ProCap has entered into a $1 billion business combination agreement with Columbus Circle Capital Corp 1 (CCCM). As part of the deal, ProCap has raised over $750 million and already deployed more than $500 million to purchase bitcoin (BTC), amassing a treasury … Read more

New Zealand’s government plans to ban crypto ATMs as part of an overhaul of its anti-money laundering and countering the financing of terrorism (AML/CFT) regime. The government wants to target the means criminals use to “convert cash to high-risk assets such as cryptocurrencies,” according to an announcement by Associate Justice Minister Nicole McKee on Wednesday. … Read more