Dogecoin swung violently over the last 24 hours, with whales and institutional desks stepping in on heavy volumes near $0.234 support. The memecoin advanced 2% in the final hour to recover from steep intraday selling, though resistance at $0.244 remains firm. Price Action Summary • DOGE traded between $0.231 and $0.244 from September 8 at […]
The battle over who will issue Hyperliquid’s native stablecoin, USDH, has a new heavyweight entrant. Sky, formerly known as MakerDAO, submitted a proposal to power USDH that leans on its $8 billion balance sheet, seven-year operating history, and a B- S&P credit rating – the first ever issued to a decentralized finance (DeFi) protocol. Hyperliquid, […]
The digital asset rallied toward the $3.00 threshold on explosive volume before consolidating, as traders positioned around upcoming macro catalysts and ETF rulings. Support has held firm above $2.88, but repeated failures near $2.99 highlight how institutional flows are dictating short-term ranges. News Background Federal Reserve futures now imply a 99% chance of a 25-bps […]
Options data from Deribit reveals a striking divergence in sentiment for major cryptocurrencies, with bullish positioning in XRP (XRP) and solana (SOL contrasting with lingering downside fears in bitcoin (BTC) and ether (ETH). As of the time of writing, XRP call options or bullish bets were pricier than puts across all tenors, according to data […]
Dogecoin posted a controlled rise within a tight intraday band, with buyers repeatedly defending the $0.213–$0.214 area and sellers leaning into the $0.220–$0.221 zone. Momentum improved on rebounds where volume rose above session norms, but late momentum fades kept price pinned just below resistance into the close. News Background No confirmed catalyst headlines drove the […]
XRP jumped sharply in Monday’s session, climbing from $2.83 to $2.88 as a breakout push briefly tested $2.92 on six-fold average volume. Bulls held firm above $2.86 support, but repeated rejection at $2.90–$2.92 capped upside momentum. With Fed rate cut bets near 100% ahead of the September 17 meeting, institutional inflows remain strong — leaving […]
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. Bitcoin treasury companies were the talk of the town during the […]
Christian Catalini, co-creator of Facebook’s Libra project, warned on Friday that Stripe’s Tempo and Circle’s Arc could succeed commercially but at the cost of crypto’s decentralization ideal. Launched in 2019, Libra was Meta’s bold bid to create a global digital currency backed by a basket of stable assets. The project promised to make payments as […]
Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone. The withdrawals followed a record-setting August when spot ether ETFs pulled in $3.87 billion even as bitcoin ETFs saw $751 million in net outflows, according to SoSoValue […]
Cathie Wood’s ARK Invest stepped up its bets on crypto-related equities Friday, buying more than $23.5 million in BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, the parent company of CoinDesk, across three of its actively managed ETFs. Trade disclosures show the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech […]
Bad news has just been bad news over the past 24 hours. Friday’s weak U.S. jobs report bolstered bets on deeper Fed cuts, but bitcoin (BTC) hasn’t played along. The leading cryptocurrency by market value remains heavy below $112,000, instead of rallying on the prospect of easier monetary policy as many had anticipated. The inability […]
Crypto analytics platform Santiment said on Friday that several well-known assets captured the most attention in online discussions this week, with BTC, ETH, DOGE, USDT and EGLD leading the list. According to Santiment, BTC dominated conversation as users debated its role as “digital gold,” its long-term investment appeal and the significance of growing government and […]