Polkadot’s DOT demonstrated a significant surge in large buyers’ interest during a 24-hour trading period, with corporate treasury allocations and regulatory clarity driving sustained buying pressure, according to CoinDesk Research’s technical analysis model. The model showed that price action demonstrated potential institutional-grade stability with sustained corporate interest indicators. As of July, Bifrost had secured over […]
Bitcoin (BTC) project Babylon took another step toward offering a decentralized finance (DeFi) experience on its $5 billion staking protocol akin to that seen elsewhere in the crypto world. The latest development is the introduction of trustless vaults, designed to allow BTC holders to deposit their tokens without relying on a centralized entity, as outlined […]
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: Solana’s Seeker Phone Fixes Saga’s Flaws With Usability Upgrade Base Says Sequencer Failure Caused Block Production Halt of 33 Minutes Solana’s Jito Proposes Routing 100% of Block Engine […]
Companies that are buying ether (ETH) for their treasury strategy are a better buy for investors than ETH spot exchange-traded funds (ETFs), said Standard Chartered analyst Geoff Kendrick. The analyst noted that these firms are attracting attention not just for their holdings but also for their financial structure, which is starting to become attractive for […]
NEW YORK — Tornado Cash developer Roman Storm has been found guilty of conspiring to operate an unlicensed money transmitting business, a Manhattan jury decided Wednesday. The jury was unable to reach a unanimous verdict on the remaining charges, conspiracy to commit money laundering and conspiracy to violate international sanctions, despite four days of deliberations after […]
Polygon (POL) rose 9% in early U.S. morning trading hours from $0.206 to $0.225 before selling emerged in the afternoon, CoinDesk Analytics data shows. The token saw significant volatility overnight as volume surges to 708,489 and 804,401 units, crushing the 24-hour average of 410,606, before heavy selling pressure emerged, establishing critical resistance for near-term action. […]
Participants in liquid staking, including depositors and providers, do not need to worry about securities law disclosures, the U.S. Securities and Exchange Commission said in a staff statement on Tuesday. The statement, published by the Division of Corporation Finance, is specific to liquid staking, where participants deposit “covered crypto assets” into a third-party staking protocol […]
Slash, a San Francisco-based neobank for businesses, launched a payments and treasury platform powered by a new U.S. dollar stablecoin issued by Stripe’s Bridge on Tuesday. The product, called the Global USD Account, is aimed at companies seeking U.S. dollar access and cross-border payments without a U.S. bank account. It introduces Slash’s own stablecoin, USDSL, […]
BNB fell over 1% in the past 24 hours to briefly drop below the $750 support level, which it is currently holding on to. The drop came after a brief rally that moved it over the $760 line. The cryptocurrency’s previous rally was driven by corporate adoption and Binance product rollouts. The drop came as […]
Coinbase has introduced a tool in its Coinbase Developer Platform (CDP) designed to let developers integrate self-custodial wallets into their apps without any hiccups. The Embedded Wallets software developer kit (SDK) includes built-in features like crypto onramps, token swaps and a 4.1% annual return on USDC balances, aiming to eliminate the tradeoff between user experience […]
Figure Technology Solutions said on Monday it has filed confidential paperwork with the U.S. Securities and Exchange Commission (SEC) to go public later this year. Figure is joining a growing list of digital asset firms aiming to go public, seeking capitalizing on the booming cryptocurrency and stock markets and recent U.S. regulatory advancements after Donald […]
Digital Currency Group’s (DCG) Barry Silbert has been re-appointed as chairman of the board at asset manager Grayscale, one of DCG’s subsidiaries, alongside several other new, high-ranking hires at the firm. Silbert, who owns Grayscale, resigned in December 2023 after the company was hit with a lawsuit from the New York Attorney General’s office which […]