Tech
Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound
Crypto sold off hard this week, with bitcoin breaking below $60,000 even as the technology stocks that had dragged it down came roaring back.
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Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going
Bitcoin dropped to $59,175 overnight, its lowest point since early June, before recovering to about $61,500 by Thursday morning, per CoinDesk data. Nearly $1 billion worth of futures positions were liquidated across cry…
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Ripple's RLUSD stablecoin goes live in Japan after regulatory approval
Ripple's dollar-backed stablecoin RLUSD is now greenlit for usage in Japan after clearing the country's financial regulator, giving the token entry into one of Asia's most tightly regulated crypto markets.
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XRP slides 2.8% as weak bounce keeps $1 support in focus
XRP lost $1.0850 during Tuesday’s selloff, then failed to win it back. That leaves the token sitting near the lower end of its June range, with buyers still defending the $1.05-$1.07 area but no longer pushing price far…
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Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.
That level is $59,000, which has emerged as strong support, capping downside moves in recent days.
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Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket
Kalshi is seeking to raise fresh capital at a valuation of about $40 billion, nearly doubling the $22 billion valuation it targeted in its previous funding round, according to a Financial Times report citing people fami…
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Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
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Binance withdraws Greek MiCA bid but vows to remain in Europe
Binance has withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece and will seek authorization in another European Union country, the crypto exchange said Wednesday via several X posts.
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Trump's refusal to sign housing bill could delay Congress and imperil Clarity Act
U.S. President Donald Trump has refused to sign a law that includes a four-year ban on central bank digital currencies, which was part of Congress' housing affordability bill, until he gets unrelated legislation passed …
Tech
Gold, silver and bitcoin tumble as debasement trade unwinds
Gold and silver have both retreated sharply from their January 2025 highs, falling below key psychological milestones. Gold is down roughly 28% from its January peak of $5,600 and now trading below $4,000 per ounce, whi…
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Ex-FCA policy insider explains the ‘great divide’ in the UK’s crypto ambition
Isadora Arredondo has a unique outlook on crypto regulation in the United Kingdom. Before joining Hedera as vice president of global policy, she worked at the U.K.’s Financial Conduct Authority (FCA), where she was invo…
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The banking lobby is wrong about stablecoins and community banks
Congress is debating whether stablecoins will hollow out community banking. The banking lobby says yes. The data says otherwise.
Tech
Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone
Bitcoin has fallen below the lowest band of the popular Bitcoin Rainbow Chart for the second time in its history, a valuation model that has tracked BTC’s long-term price cycles for more than a decade.
Tech
Bitcoin falls to $60,000 as AI trade continues to draw investor interest and capital
Also continuing to lose ground on Wednesday were gold and oil, each falling below key levels — gold $4,000 per ounce and oil $70 per barrel.
Tech
Bitcoin could fall to $55,000 before finding a bottom, 10x Research says
Thielen's call centers on the recent strength of the U.S. dollar, which historically acts as a headwind for bitcoin. The outlook has been reinforced by the Federal Reserve's hawkish turn under new Chair Kevin Warsh. Mar…
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Bitcoin clings to $62,500 as bears tighten grip on crypto market
Derivatives positioning is broadly bearish: Even though SOL futures open interest hit a lifetime high, funding rates and CVD are both negative and ETH open interest rose as prices fell.
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Crypto Long & Short: Infrastructure is the prevailing currency in digital assets
You're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday.
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SecondFi loses $2.4 million in Cardano wallet exploit
SecondFi, the Cardano wallet formerly known as Yoroi, says it has patched a major exploit that drained roughly 16 million ADA, worth approximately $2.4 million, from 374 user wallets across three separate attacks.
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Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart
Standard Chartered's Geoff Kendrick has initiated coverage of decentralized lending protocol Aave
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CoinDesk 20 performance update: Aave (AAVE) gains 5.9% as index moves higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
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YZi Labs ends proxy war with BNB treasury company CEA Industries
BNB treasury company CEA Industries (BNC) is undergoing a boardroom shakeup following a cooperation agreement with Binance-linked backer YZi Labs.
Tech
This forgotten coin could surprise everyone before its next halving
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
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Trump lands in Senate's crosshairs over $500 million UAE investment in his crypto venture
Senate Democrats called for immediate hearings into UAE officials' huge investments in President Donald Trump's family crypto venture, World Liberty Financial, and subsequent decisions by the Trump administration that s…
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Cboe revives S&P 500 binary options, chasing a market popularized by Polymarket, Kalshi
Cboe, one of the largest U.S. derivatives exchanges, said it is entering the prediction-market arena and is reviving binary options on the S&P 500 index after abandoning them more than a decade ago, a move that brings i…