CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3578.43, down 1.3% (-47.45) since 4 p.m. ET on Monday. Two of 20 assets are trading higher. Leaders: SUI (+3.4%) and XLM (+2.2%). Laggards: BCH (-3.1%) and POL (-2.8%). […]
News from Web3, Bitcoin and crypto crurrency launches and market updates
Dakota, a crypto-integrated banking platform for businesses, has raised $12.5 million in a Series A round to expand its borderless banking services, the firm said on Tuesday. The investment was led by CoinFund, with participation from 6th Man Ventures and Triton Ventures. The announcement comes at a time when stablecoins, or cryptocurrencies tied to an […]
Boundless, the decentralized zero-knowledge (ZK) compute marketplace powered by RISC Zero, has launched its incentivized testnet (which it is calling “Mainnet Beta”) on Base, Coinbase’s Ethereum layer-2 network. With Boundless’ incentivized testnet, developers can build and test applications in an environment as if the protocol is in fully live format. The network has already landed […]
Grayscale Investments said it confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), a filing that signals plans for an initial public offering (IPO). The asset manager didn’t disclose details of the submission and said the registration is expected to take place after the SEC completes its review process, […]
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3688.41, up 3.2% (+115.64) since 4 p.m. ET on Friday. Seventeen of 20 assets are trading higher. Leaders: XLM (+20.8%) and HBAR (+19.1%). Laggards: BCH (-4.3%) and FIL (-0.5%). […]
NEW YORK, New York — Tornado Cash developer Roman Storm’s criminal money laundering is slated to begin in Manhattan on Monday morning, when Storm’s lawyers and prosecutors will begin to select a jury to oversee Storm’s four-week trial. Storm was arrested in Washington state in 2023 and charged with conspiracy to commit money laundering, conspiracy […]
Shiba inu (SHIB), the world’s second-largest meme token by market value, has gained over 3% in the past 24 hours, hitting a nearly seven-week high of $0.00001416 at one point, according to CoinDesk data. The move happened as market leader bitcoin topped $122,000 to set new lifetime highs, which galvanized momentum in the broader crypto […]
Binance will introduce a new token sale model within its Wallet, utilizing a bonding curve mechanism for price discovery in a partnership with the Four.Meme ecosystem that goes live on July 15. Bonding curves adjust token prices in real-time based on demand: the more that users buy, the higher the price climbs. Tokens bought during […]
“Please don’t fall for misinformation,” Indian crypto exchange CoinDCX’s Co-founder and CEO, Sumit Gupta, said Saturday amid allegations that the exchange moved user funds to non-compliant entities in Lithuania. The allegation was reportedly made by another Indian exchange, WazirX, which has been under scrutiny since last year’s $230 million hack. In an affidavit filed as […]
On June 11, PayPal announced plans to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Stellar blockchain network, pending regulatory approval from the New York State Department of Financial Services. If approved, the move would mark the expansion of PYUSD beyond its current availability on Ethereum and Solana. PayPal described Stellar as a […]
Bitcoin mining firm, BTC Digital (BTCT), has moved $1 million of company cash into ether (ETH), which it called its new “digital gold.” BTCT Moved $1M Into Ethereum Reserve, chief executive officer Siguang Peng said in a press release, adding that Ethereum has “emerged as the foundation of on-chain USD settlement and value transfer.” “By […]
12 minutes. That’s how long it took for Pump.fun’s token offering to raise roughly $500 million from retail investors across various exchanges, including Bybit, Kraken, and KuCoin. The sale priced 125 billion tokens at $0.004 apiece, implying a $4 billion fully diluted valuation for the Solana-based memecoin launcher’s new utility token. For now, holders must […]