It was only a matter of time. With Strategy long reigning as the go-to corporate proxy for bitcoin exposure, it was inevitable that a challenger would emerge — though few expected it to wear a red hat and run a social media company. Trump Media & Technology Group’s recent announcement that it holds roughly $2 […]
Polkadot’s DOT encountered substantial bearish momentum over the last 24 hours, retreating from $3.76 to $3.56, or more than 5%, according to CoinDesk Research’s technical analysis model. The model showed that DOT initially demonstrated resilience, achieving an intraday high of $3.87 on July 31, yet subsequently confronted relentless selling pressure accompanied by pronounced volume surges […]
Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO). The firm priced shares at $33 a share under the ticker “FIG,” valuing the company at about $20 billion. The stock changed hands at […]
WASHINGTON, D.C. — Securities and Exchange Commission (SEC) Chairman Paul Atkins said his agency is launching “Project Crypto” with an aim to make a quick start on the new crypto policies urged by President Donald Trump. Atkins announced the new initiative in a Thursday speech at the America First Policy Institute, saying the effort will […]
Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries, […]
Bitcoin development firm Blockstream has unveiled “Simplicity,” a programming language for smart contracts built on the layer-2 network Liquid. Co-founded by cryptographer and early Bitcoin contributor Dr. Adam Back, Blockstream has introduced Simplicity with the aim of solving the limitations of Bitcoin as a venue for smart contracts. “Simplicity gives Bitcoin expressive smart contracting power, […]
Helium, one of the most well-known DePIN projects on Solana, is launching a new service called Helium Plus, aimed at transforming how businesses contribute to the Helium Network. Helium Plus will enable public Wi-Fi providers and businesses to join the network using existing Wi-Fi routers, with no additional hardware required. This will open the door […]
As was almost universally expected, the U.S. Federal Reserve Wednesday left its benchmark fed funds rate range steady at 4.25%-4.5%. In a rare departure from norms, two Fed governors — Michelle Bowman and Chris Waller — dissented from the decision, preferring instead to trim rates by 25 basis points. It’s the first time two Fed […]
The Protocol: Ethereum Turns Ten
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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: Ethereum At 10: Where Next For The World Computer? Linea to Burn ETH With Every Transaction in Bold L2 Upgrade Solana Players Unveil ‘Internet Capital Markets’ Roadmap Square […]
Coinbase (COIN) and JPMorgan (JPM) have formed a long-term strategic partnership to expand access to digital assets and enhance customer security. The deal, announced earlier today, underscores Coinbase’s role as a core blockchain infrastructure provider, not just a trading venue, for major U.S. banks, according to a note on Wednesday from brokerage firm Bernstein. Rather […]
ATOM tumbled 3.7% in the 24-hour session ending July 30 at 14:00 GMT, falling from $4.60 to $4.43 under intense selling pressure. The most aggressive drop occurred between 10:00 and 11:00 GMT, when the price plummeted from $4.48 to $4.39 on an explosion of volume to 2.71 million—nearly triple the daily average. This steep decline […]
Over the past decade, Ethereum has become the foundation of on-chain finance. It introduced programmable money, enabled the tokenization of real-world assets and launched the DeFi movement. But now, its success presents a new challenge: invisibility. As Ethereum powers more applications behind the scenes, it risks becoming something everyone uses but no one notices. The […]