Filecoin (FIL) posted a 3.7% surge during the 24-hour trading session, rising from $2.61 to $2.71 alongside institutional accumulation signals, according to CoinDesk Research’s technical analysis model. The model showed that trading volume exploded above 7 million during peak trading hours, substantially outpacing the daily average of 3.47 million as market participants protected the $2.60 […]
News from Web3, Bitcoin and crypto crurrency launches and market updates
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: OKX Slashes OKB Token Supply by 50% With $7.6B Burn, Price Surges ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs Weaponized Trading Bots Drain $1M From […]
Altcoins added to their rally during late Tuesday U.S. afternoon hours after Treasury Secretary Scott Bessent suggested the Federal Reserve should consider a 50 basis point rate cut at its upcoming September meeting. “The real thing now to think about is should we get a 50 basis-point rate cut in September,” Bessent told Fox News. […]
Kazakhstan, one of the world’s largest bitcoin mining countries, has become the location of central Asia’s first spot bitcoin (BTC) exchange-traded fund (ETF). Astana-based Fonte Capital said the Fonte Bitcoin Exchange Traded Fund OEIC (BETF) will start trading Aug. 13 on the Astana International Exchange (AIX). The ETF will be priced in dollars. Kazakhstan shot […]
Circle (CRCL), the stablecoin issuer firm behind the USDC token, announced on Tuesday a secondary stock sale of 10 million shares. The company is offering 2 million of Class A common stock for sale, while selling stockholders are unloading another 8 million, according to an S-1 filing with the U.S. Securities and Exchange Commission (SEC). […]
Oracle service Chainlink’s (LINK) native token surged 10% on Tuesday to a fresh seven-month high amid new traditional finance partnership and a recent token buyback initiative. The token topped $24 for the first time since February, extending its rally to 42% in a week. That’s the biggest gain during among the top 50 tokens by […]
MARA Holdings (MARA) is making a surprise pivot from its bitcoin (BTC) mining roots, announcing late Monday that it will acquire a 64% stake in Exaion, a high-performance computing (HPC) subsidiary of French energy giant EDF, broker H.C. Wainwright said in a research report Tuesday. While MARA has long floated the idea of helping power […]
Nasdaq-listed Safety Shot (SHOT) has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. As part of a deal, Safety Shot will receive $25 million worth of BONK (BONK) for its treasury, aligning the public company directly with the platform’s growth. Bonk.fun generated over $35 million in user fees in […]
Terraform Labs founder Do Kwon may change his “not guilty” plea in federal court tomorrow, a judge said Monday. District Judge Paul Engelmayer, of the Southern District of New York, scheduled a hearing for Tuesday morning in an order saying he had been “advised that the defendant may enter a change of plea.” Kwon previously […]
Sui’s (SUI) price plunged 4% over the past 24 hours after experiencing substantial market volatility overnight, CoinDesk Analytics data shows. The token’s price fluctuated $0.28, or approximately 7%, between session highs of $3.98 and lows of $3.69. The digital asset initially demonstrated strength, advancing from $3.88 to $3.98 with institutional volume exceeding 18 million units, […]
Ethereum’s transaction volume has been overall on an upward trajectory, closing in its all time high of 1.9 million transactions in a single day in January 2024. The latest surge is drawing attention from both retail traders and institutional observers, as it reflects a confluence of technical improvements, favorable market sentiment, and a renewed appetite […]
FG Nexus, the digital assets arm of Fundamental Global Inc., has acquired 47,331 ETH worth roughly $200 million at $4,228.40 per token as part of an aggressive strategy to become one of the world’s largest corporate holders of ether. The Charlotte, North Carolina-based company formally kicked off its accumulation plan on July 30 with a […]