XRP holds $1 support as network activity rises and leverage clears out
XRP is no longer getting hit by the same crowded leverage that drove the selloff from its highs, but buyers still have not done enough to change the chart.
Read more →Digital Assets
Ether, solana and dogecoin slide as Strategy's bitcoin sales plan pressures market
Bitcoin traded around $59,514, down 0.3% over 24 hours and 7% on the week, per CoinDesk data, holding below its 200-week moving average, the average price over roughly the past four years and a long-term line it has sat…
Read more →Tether trades at 7% to 10% premium in India. Exchanges say its just supply and demand
USDT, the world's largest dollar-pegged stablecoin, is trading well above face value on Indian crypto platforms. While local reports attribute the premium to a recent enforcement action, exchanges explain it as a simple…
Read more →Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar
The leading cryptocurrency by market value traded below $60,000, holding below the pivotal 200-week simple moving average.
Read more →Securitize heads to NYSE debut after investors approve SPAC merger
Securitize, a tokenization specialist backed by BlackRock, said Monday it cleared a final major hurdle to becoming a public company after shareholders of Cantor Equity Partners II (CEPT) approved the firms' proposed mer…
Read more →Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank
What was once dominated by lightly regulated crypto lenders is increasingly adopting the conventions of traditional finance, including conservative collateral management, greater transparency and more disciplined underw…
Read more →JPMorgan backs U.S. crypto bill but warns of risks in digital asset framework
JPMorgan said it is backing efforts to establish a U.S. regulatory framework for digital assets, but placed as much emphasis on the risks of crypto as the opportunities.
Read more →Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.
Crypto projects losing millions due to exploits and hacks are becoming almost daily headlines. So much so that some of this news had almost become background noise.
Read more →White House to speak with law enforcement groups to push Crypto's Clarity Act
The White House has invited law enforcement organizations objecting to the language of the U.S. Senate's crypto market structure bill to sit down for a meeting on Monday, according to a person briefed on the plan, which…
Read more →J.P. Morgan broadens blockchain settlement network as banks modernize cross-border payments
J.P. Morgan has expanded the number of currencies supported by its Kinexys blockchain payments platform, a move that could make it easier for multinational companies to move money between countries at any hour of the da…
Read more →Crypto analytics firm Chainalysis proposes standards for blockchain tracing
Tracking funds on a blockchain has typically required specialized tools, and the process can sometimes be opaque, but crypto analytics firm Chainalysis is taking a swing at solving that problem.
Read more →MiCA July 1 deadline could leave 10 million crypto users searching for a new platform in the EU
The European Union's (EU) July 1 Markets in Crypto-Assets (MiCA) deadline could leave more than 10 million users looking for a new platform, Alex Fazel, chief partnership officer at Swissborg, told CoinDesk in an interv…
Read more →Ripple wants institutions to borrow against tokenized assets on XRPL
Ripple is pushing to add a lending layer to the XRP Ledger, the blockchain behind XRP, in a bid to let institutions borrow against assets they hold onchain rather than just issue and move them.
Read more →Wall Street's BNY expands stablecoin services for institutions, starting with Circle's USDC
BNY, the world's largest custody bank overseeing $59 trillion in assets, is deepening its ties with Circle (CRCL) as the Wall Street bank ramps up its stablecoin services.
Read more →Strategy opens the door to selling bitcoin under new capital plan. Here's what it means
The world's largest publicly traded company holding bitcoin, Strategy (MSTR), has authorized a new bitcoin monetization program, giving the company the flexibility to sell a portion of its bitcoin holdings to strengthen…
Read more →Ukraine transfers $8.3 million in seized crypto amid potential plans for strategic reserve
Ukraine has transferred seized cryptocurrency into state management for the first time in its history, according to the country's Prosecutor General's Office.
Read more →BlackRock pushes deeper into DeFi with Ethena integration, sending ENA up 8%
Ethena said its yield-generating "synthetic dollar" token will be integrated into BlackRock's (BLK) Aladdin investment management platform as the crypto protocol is deepening its relationship with traditional finance fi…
Read more →Kalshi and Polymarket could become M&A targets as prediction markets consolidate: Bernstein
The rapid consolidation of the prediction market technology stack is raising the odds of a new wave of mergers and acquisitions across sports betting and financial markets, according to Wall Street broker Bernstein.
Read more →Tom Lee blames crypto weakness on quarter-end 'window dressing' as Bitmine adds another $43 million of ETH
Bitmine Immersion Technologies (BMNR), the largest Ethereum treasury company, bought 27,084 ether (ETH) last week, extending its accumulation streak despite another slide in crypto prices.
Read more →JPMorgan sees limited institutional demand for perpetual futures
Institutional demand for perpetual futures remains limited, with the products largely viewed as speculative trading instruments rather than viable replacements for traditional derivatives, according to a Monday report b…
Read more →Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend
Strategy (MSTR) unveiled a new Digital Credit Capital Framework on Monday, introducing a series of capital management initiatives designed to strengthen its preferred securities, preserve long term bitcoin exposure, and…
Read more →Tether's USDT jumps to 8.5% premium in India after crypto payment crackdown
The price of Tether's USDT, the largest dollar-pegged stablecoin, has climbed to more than 8.5% above its dollar value on Indian platforms after a government crackdown on crypto payment firms choked off the token's supp…
Read more →Vitalik Buterin says crypto’s most powerful idea is still nowhere near ready
Ethereum co-founder Vitalik Buterin published the first part of a deep technical series on obfuscation, calling it the most powerful idea in cryptography while making clear it is nowhere near ready to use.
Read more →Dollar, U.S. Treasury yield market positions may carry glimmer of hope for bitcoin
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
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