U.S Bank Tests Custom Stablecoin Issuance on Stellar Network
U.S. Bank, the United States' fifth‑largest commercial bank, is piloting the issuance of a custom stablecoin on the Stellar public blockchain. The bank aims to leverage Stellar's low‑cost, fast settlement capabilities to create a dollar‑backed digital token for internal and client use, testing tokenization of deposits, cross‑border payments, and integration with its existing payment platforms. The proof‑of‑concept involves a limited issuance to select corporate customers, with compliance and AML controls built into the smart‑contract framework. If successful, the initiative could position U.S. Bank as a pioneer among legacy banks in adopting public‑chain stablecoin infrastructure.
TON Pulls Back After Ecosystem-Driven Rally as Traders Eye Key Support Near $1.50
TON’s price retreated after a brief, ecosystem‑driven rally, slipping toward the $1.50 support level. Early session buying surged but quickly lost momentum, with trading volume collapsing and the token failing to sustain its gains. Technical indicators now show weakening demand...
Oct. 7 Hamas Attack Victims Sue Binance for Damages
A group of victims of the Oct. 7 Hamas attacks has filed a lawsuit against cryptocurrency exchange Binance, alleging the platform enabled the movement of more than $1 billion to sanctioned entities such as Hamas and Iran’s Revolutionary Guard Corps. The complaint...
ICP Clears Key Technical Barrier as Breakout Volume Confirms Upward Momentum
The Internet Computer (ICP) token broke through the pivotal $4.20 resistance level, doing so on higher-than-average trading volume that signaled strong buying interest. The price advance was confirmed by a noticeable surge in breakout volume, suggesting institutional or large‑scale participation....
BONK Breaks Through Overhead Resistance as Volume Jumps 85% Above Average
BONK surged past a key overhead resistance level as its trading volume spiked to 85% above its average, indicating heightened market interest. The breakout was followed by modest pullbacks that established a new support zone, suggesting the price may now...
Why Bitcoin Is Underperforming Equities Despite Bullish Catalysts
Bitcoin’s price has lagged behind equity markets despite a series of bullish catalysts, including the launch of a spot Bitcoin ETF and favorable regulatory signals. The divergence is driven by a surge in AI‑related stocks, which have attracted capital away...
Polymarket Secures CFTC Approval for Regulated U.S. Return
Polymarket has obtained an amended designation from the U.S. Commodity Futures Trading Commission, clearing a regulatory hurdle that allows the prediction‑market platform to relaunch in the United States under a fully compliant exchange framework. The approval signals that Polymarket will...
Anchorage Digital Aims to Pay 'Rewards' On Ethena's Tokens Under GENIUS Act
Anchorage Digital announced it will create a compliant framework for distributing "rewards" on Ethena's token holdings, sidestepping the U.S. stablecoin law that bars interest payments on stablecoins. The model, dubbed the GENIUS Act template, treats the payouts as token incentives...
MoonPay Secures New York Trust Charter, Expands Institutional Crypto Services
MoonPay has obtained a New York trust charter from the Department of Financial Services, joining a select cohort of firms that hold both a BitLicense and a trust charter. The charter grants MoonPay legal authority to custody digital assets and...
Paxos Acquires Crypto Wallet Startup Fordefi to Expand Custody Services
Paxos announced the acquisition of Fordefi, a crypto wallet startup, to broaden its custody and on‑chain asset issuance capabilities. The deal is aimed at meeting rising institutional demand for secure storage of digital assets and facilitating stablecoin payment flows. By...
Polkadot Slides 4% as Technical Resistance Triggers Selloff
Polkadot (DOT) fell 4% after hitting technical resistance, trading within a narrow $0.21 range while experiencing 9% intraday volatility. The sell‑off was driven by bearish pressure as the token struggled to break above key price levels. Market participants cited the...
Upbit Considering Appeal of $25M Fine by South Korea Regulator
South Korea's leading cryptocurrency exchange, Upbit, announced it will appeal a recent 25 million‑won fine imposed by the Financial Intelligence Unit (FIU). Upbit argues the regulator has previously erred in its enforcement actions, citing past court rulings that overturned FIU decisions....
SGX’s Bitcoin and Ethereum Perpetual Futures Debut Strong with $35 Million Volume
Singapore Exchange (SGX) launched Bitcoin and Ethereum perpetual futures, recording nearly 2,000 lots traded on the first day, equivalent to roughly $35 million in notional volume. The strong debut signals robust demand for crypto derivatives in the Asian market and showcases...
CoinDesk 20 Performance Update: Index Drops 2% as All Constituents Trade Lower
Bitcoin Cash (BCH) fell 6.3% and Polkadot (DOT) dropped 5.8%, leading the index lower from Monday.
The Coming Bitcoin Treasury Bubble
Amid a volatile macroeconomic backdrop, corporate executives are turning to Bitcoin holdings as a showcase of innovation, according to Tony Yazbeck, co‑founder of The Bitcoin Way. He argues that firms are using Bitcoin treasuries to signal forward‑thinking leadership while sidestepping...
Exodus’ W3C Deal Adds Stability as Firm Builds Full Payments Stack: Benchmark
The acquisition pushes the crypto-wallet maker toward a more fintech-style business model.
Taurus Expands Institutional Footprint With Super Validator Role on Canton Network
Taurus, a digital‑asset infrastructure provider, has been appointed as a Super Validator on the Canton Network, a permissioned blockchain platform for institutional finance. In this role, Taurus will contribute to the network’s security and governance while extending its custody and...
Aptos' APT Underperforms Wider Crypto Markets
Aptos (APT) has been trading in a tight range near a critical support level, with price consolidation persisting despite heightened trading volume that exceeds its weekly average. The token's performance lags behind broader cryptocurrency benchmarks, indicating relative weakness in market...
U.S. Hours Account for Nearly All of Bitcoin’s November Losses
Bitcoin’s price decline in November was overwhelmingly driven by activity during U.S. trading hours. While the cryptocurrency showed relative stability in Asian markets and modest softening during the European session, the bulk of the month’s losses materialized when U.S. equity...
Crypto Markets Today: Bitcoin Leads Rebound, Altcoins Rally During Longer-Term Downturn
Bitcoin surged back above $87,000 on Tuesday, buoyed by a renewed risk appetite and a robust equities rally, pulling major altcoins higher in the process. The price rebound follows a recent correction that had seen Bitcoin dip below $80,000, marking...
Metaplanet Draws $130M for Further Bitcoin Acquisitions Under Credit Facility
Metaplanet, a Japanese firm specializing in Bitcoin investments, secured a $130 million credit facility to fund additional Bitcoin acquisitions. The new borrowing expands the company's existing financing framework, which already supports its aggressive crypto‑asset accumulation strategy. The facility, provided by a...
Bitcoin Faces $13.3B Monthly Options Expiry as BTC Trades Well Below Max Pain
A sharp drawdown has pushed BTC towards heavy put positioning at $80,000 ahead of Friday’s expiry.
Bitcoin Faces Short Squeeze Risk Above $87K as Funding Rates Hint Local Bottom
Derivatives data indicate that Bitcoin's bearish bets have surged, but a sudden drop in open interest and a price rally above $87,000 suggest the market may be approaching a short squeeze. Funding rates have turned more favorable for longs, hinting...
Private Equity Firm Bridgepoint to Buy Majority of Crypto Audit Specialist ht.digital
Private equity firm Bridgepoint announced it will acquire a majority stake in crypto audit specialist ht.digital. While the exact purchase price was not disclosed by Bridgepoint, Sky News reported the transaction value at roughly £200 million ($262 million). The deal gives Bridgepoint...
Monad’s Debut Shows Why FDV Forecasts Broke as Bitcoin Fell
Monad’s debut on the market highlighted the outsized influence of low‑float token launches on valuation, as its price surged despite a broader decline in Bitcoin and crypto sentiment. The token’s limited supply anchored its fully‑diluted valuation (FDV), exposing the flaw...
KuCoin Registers With Austrac to Operate in Australia, Adds Fiat On-Ramps
KuCoin, a major offshore cryptocurrency exchange, has completed registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to legally operate in Australia and will now offer fiat on‑ramps for local users. The move comes amid heightened regulatory scrutiny, as...
DOGE Pops 5% as ETF Debut Sparks First Clear Reversal Signal in Weeks
Dogecoin surged 5% following the debut of a dedicated exchange-traded fund, marking the first clear reversal signal for the memecoin in weeks. Analysts noted the ETF launch as a pivotal moment for memecoin legitimacy, with early trading volume estimated at...
XRP Surges 7% in Strongest Breakout in Weeks as Ripple Linked ETFs Go Live
XRP rallied 7% in its strongest breakout in weeks after the launch of Ripple-linked exchange-traded funds, pushing the cryptocurrency into a key descending channel that technical analysts view as a bullish pattern. The price surge was driven by renewed investor...
The $1.7B Bitcoin Bet on Rally Above $100K, But Not Reaching New Record Highs
The strategy bets on a measured rally into the year-end, rather than a record-breaking surge.
Asia Morning Briefing: BTC Steadies as Polymarket Traders Lean Toward December Rate Cut
Crypto markets steadied on Tuesday as Polymarket’s odds of a Federal Reserve rate cut in December rose, signaling a growing expectation of a monetary policy pivot. Data from Quantitative Crypto Research (QCP) and Glassnode showed a decline in leveraged long...
XRP, SUI Lead Crypto Rebound as Bitcoin Tops $89K; Relief Rally Faces $100K Wall, Trader Says
Cryptocurrencies rallied on Tuesday, with XRP and the newly launched SUI token posting the strongest gains while Bitcoin surged past $89,000, its highest level since June. The rally was fueled by growing optimism that the Federal Reserve may cut rates...
Filecoin Rises 2% After Breaking $1.63 Resistance
FIL broke out on heavy volume as technical momentum accelerated past critical threshold levels.
Crypto Wallet Firm Exodus Buys Baanx and Monavate for $175M
Exodus, the publicly traded crypto wallet provider, announced the acquisition of W3C Corp, the parent of crypto card and payments platforms Baanx and Monavate, in a deal valued at $175 million. The transaction expands Exodus’s product suite beyond its core wallet...
TON Rallies 8% as Telegram Ecosystem Expands With AI Launch, Tokenized Stocks
TON, the native token of Telegram's blockchain, jumped 8.33% to $1.60 in 24 hours, breaking the $1.60 resistance and outpacing the broader crypto market. The rally was sparked by the October ecosystem recap that unveiled the Confidential Compute Open Network...
CME Crypto Futures Volume Hits Record 795K Contracts Amid Volatility
CME Group set a new daily record on Nov. 21, trading 794,903 cryptocurrency futures and options contracts, pushing its year‑to‑date average daily volume to 270,900 contracts—$12 billion in notional value—up 132% from 2024. Open interest rose 82% year‑over‑year to 299,700 contracts,...
BNB Rebounds Above $860 After Testing Key Support
BNB rallied 1.9% to $863 after testing a key support level near $833, reclaiming ground lost earlier in the month when it briefly fell below $800. The bounce pushed the token above several resistance zones, but the move was supported...
Celestia’s TIA Token Rises as ‘Matcha’ Upgrade Preps Network for Cross-Chain Future
Celestia launched its largest software upgrade to date, called Matcha, which expands the maximum block size from 8 MB to 128 MB and revamps data propagation to dramatically increase throughput. The upgrade also halves annual token inflation to roughly 2.5% and removes...
Stellar Climbs 3.5% to $0.25 as Technical Recovery Gains Momentum
Stellar (XLM) surged 3.5% on Tuesday, climbing from $0.2436 to $0.2508 and outpacing the broader crypto market. Trading volume jumped 23% above its weekly average, indicating genuine buying interest, while a late‑session sell‑off pushed the price to a new support...
HBAR Gains 2.4% From Major Support as Axelar Integration Drives DeFi Activity
HBAR rose 2.4% to $0.144 on Tuesday, buoyed by a 59% surge in trading volume after Hedera’s integration with Axelar, which links the network to more than 60 blockchains and expands DeFi access. The price gain was anchored by short‑term...
Rumble Gains 13% After Tether Boosts Stake by 1M Shares
Rumble Inc. (RUM) shares jumped 13% to $6.40 after Tether Investments bought about 1.06 million shares for roughly $5.7 million, raising its holding to more than 104 million shares. The price gain was reinforced by a broader rally in data‑center and high‑performance‑computing stocks....
XRP Slides to $2.08 as Grayscale’s GXRP ETF Debut Fails to Ignite Market
Grayscale launched the GXRP spot ETF on NYSE Arca, expanding regulated access to XRP, but the cryptocurrency slipped from $2.13 to $2.08 as traders focused on technical weakness rather than the product debut. Volume rose 28% above average, yet price...
BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply
BitMine Immersion Technology (BMNR) bought 69,822 ether last week, raising its total holdings to 3.63 million ETH – roughly 3 % of the cryptocurrency’s circulating supply. The purchase, valued at about $195 million, pushed the firm’s cash balance to $800 million and its total...
Investors Should Buy the Dip in Coinbase and Circle, Says William Blair
William Blair analysts urged investors to buy the dip in Coinbase (COIN) and Circle (CRCL), reiterating an outperform rating for both stocks despite the recent crypto market sell‑off. The bank views the slump as a temporary "air pocket" and believes...
Bitcoin Miners Cipher and CleanSpark Upgraded by JPMorgan as HPC Shift Accelerates
JPMorgan upgraded U.S.-listed bitcoin miners Cipher Mining and CleanSpark to overweight, raising Cipher’s price target to $18 and CleanSpark’s to $10.18, as both firms secure long‑term high‑performance computing (HPC) cloud and colocation contracts that shift their business models toward hybrid...
Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg
South Korean crypto exchange Upbit plans to pursue a Nasdaq initial public offering once its merger with Naver Financial is finalized, Bloomberg reports. The merger, expected to close this week, will combine Upbit’s parent Dunamu with Naver’s financial arm via...
Microcap Biotech Firm Raises $212M for Prediction Market Token Treasury Strategy
Enlivex Therapeutics, a $22 million‑cap Israeli biotech listed on Nasdaq, announced a $212 million private placement to purchase RAIN, the token of an Arbitrum‑based prediction‑market protocol, which will become its primary treasury reserve asset. The funding, priced at $1 per share with...
Where Next?: Crypto Daybook Americas
Bitcoin slipped back to about $86,000 on Monday, ending a four‑week losing streak and pulling the CoinDesk 20 Index down to 2,758 points. Analysts note that while a short‑term rebound is possible, a further drop below $80,000 could trigger a...
Revolut Hits $75B Valuation in Fundraise Backed by Coatue, NVIDIA, Fidelity
Fintech giant Revolut announced a secondary share sale that lifted its valuation to $75 billion, with lead investors including Coatue, Greenoaks, Dragoneer, Fidelity and NVIDIA’s venture arm NVentures. The fundraising follows a 72% revenue jump to $4 billion and a 149% rise...
Bitcoin Longs on Bitfinex Jump 40% in Three Months as Traders Double Down on Dip
Margin‑long positions on Bitfinex have surged 42% over the past three months, reaching roughly 70,700 BTC despite Bitcoin’s 26% price decline to about $86,100. This level of leveraged buying has been hit three times since September 2024, each preceding a...
China Returns as Third Largest Bitcoin Mining Hub With a 14% Share: Reuters
China has re‑emerged as the world’s third‑largest bitcoin mining hub, accounting for roughly 14% of global hashpower by October, according to the Hashrate Index. The resurgence is fueled by cheap, surplus electricity and expanding data‑center capacity in provinces such as...