The BNB Chain’s native token, BNB, soared more than 3% in the past 24 hours, as a mix of institutional momentum and strategic selling shaped its early weekend trading session. The token rose from $1,056 to $1,087, peaking at $1,131 early in the morning before pulling back slightly. It is outperforming the broader crypto market, […]
During DC Fintech Week in Washington, DC last week, I hosted a conversation about how decentralized finance (DeFi) projects could comply with different regulations. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency and government. Click here to subscribe to future editions. The story Are developers responsible for how their
How to reconcile decentralized finance and regulatory compliance Read More »
Around the world, stablecoins are subject to a fairly consistent and convergent regulatory regime. They must be backed by real, high-quality assets, are subject to regular audits, and issuers are prohibited from paying interest on stable balances. The prohibition on interest payments appears in the GENIUS Act in the United States, the Markets in Crypto-Asset
Will Interest Payments Make Stablecoins More Attractive? Read More »
XRP traded defensively but held key supports on Friday, recovering from an early decline to $2.19 as institutional buyers absorbed selling pressure. The move comes amid renewed fears over US-China tariffs and cautious positioning ahead of next week’s SEC deadlines for spot XRP ETFs. What you need to know • XRP oscillated between $2.19 and
Stabilizes after early decline, traders eye $2.40 breakout Read More »
Dogecoin stabilized on Friday after initial volatility saw the price drop to $0.176 before returning to a tight range of $0.18 to $0.19. The session’s 7% rise came amid renewed macroeconomic nervousness and reports of large whale liquidations totaling more than $74 million. What you need to know • DOGE traded between $0.176 and $0.189
Dogecoin finds support after sell-off due to tariffs Read More »
This is daily analysis from CoinDesk analyst and certified market technician Omkar Godbole. Like Bitcoin BTC$106,781.75 prices wilt, bulls pin their hopes on a potential money rotation from the ever-rising gold to its digital counterpart. Those hopes could be bolstered as price charts show that bitcoin’s price per coin, denominated in dollars, is now at
BTC reaches most oversold level against gold in 3 years. And then? Read More »
Citizens of an American bank declared the ether ETH$3,844.38 could climb above $10,000 in the next couple of years, driven by growing adoption, increased institutional flows, and diminishing supply. The bank said it expects Ethereum’s accelerated adoption to generate strong tailwinds for the blockchain’s native token ether, underscoring the network’s well-established position as a leading
CoreWeave (CRWV) announced its commitment to acquire artificial intelligence (AI) miner Core Scientific (CORZ) in an all-stock deal originally agreed to on July 7. In an open letter, CoreWeave called the offer “best and final,” saying it will not be changed. The company said the merger represented the safest and most value-creating path forward, combining
CRWV draws a line in the sand Read More »
Japan’s three largest banking groups are reportedly considering jointly launching a stablecoin as institutional interest in the blockchain-based digital currency increases. According to a Friday report from Nikkei, Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group and Mizuho Financial Group will create a common framework for the issuance and transfer of stablecoins between their
Top Japanese Banks Plan Joint Stablecoin Launch, Nikkei Reports Read More »
France is targeting cryptocurrency exchanges by expanding anti-money laundering controls to determine which ones will benefit from a European Union (EU)-wide license, Bloomberg reported on Friday. Conbase (COIN) and Binance are among the exchanges under review, according to the report, which cited people familiar with the matter. The French Prudential Supervision and Resolution Authority (ACPR)
