CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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CoinDesk 20 Index Rises 1% with AVAX and ADA Leading Gains
The CoinDesk 20 Index is currently at 4261.62, reflecting a 1.0% increase (+40.35) since Thursday at 4 p.m. ET.
Twelve of the twenty assets are...

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BONK Faces Resistance at $0.000026 After Significant Trading Activity
Solana-based meme coin BONK experienced significant volatility in the last 24 hours, characterized by notable institutional trading. Key points...

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Hyperbeat Closes $5.2 Million Seed Round Led by ether.fi and Electric Capital
Hyperbeat has secured $5.2 million in an oversubscribed seed round, co-led by ether.fi Ventures and Electric Capital. The funds will enhance yield...

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Bitcoin Price Drops After Hitting Record High of $124,000
Bitcoin (BTC) approached a record high of $124,000 before dropping to close at $117,600 due to disappointing U.S. PPI inflation data and...

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Bitcoin Achieves Highest Sharpe Ratio Among Major Assets at 2.15
Key Insights on Bitcoin and MSTR
Bitcoin's Sharpe ratio is 2.15, the highest among major assets, indicating strong risk-adjusted returns.
MSTR...

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Circle Plans Secondary Offering of 10 Million Shares at $130 Each
Circle (CRCL) plans a secondary stock sale of 10 million shares at $130 each, significantly higher than the initial public offering price of $31 in...
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Hong Kong Regulator Implements New Custody Requirements for Crypto Exchanges
Hong Kong's Securities and Futures Commission (SFC) introduced new custody requirements for licensed crypto exchanges to enhance client asset...

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Altcoin Season Expected to Start in September, Says Coinbase Institutional
Coinbase Institutional's monthly outlook suggests an impending altcoin season, forecasting a market shift from bitcoin to alternative...

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Over $1 Billion in Leveraged Positions Liquidated Amid Crypto Market Sell-Off
Crypto markets experienced over $1 billion in leveraged position liquidations within 24 hours, driven by higher-than-expected U.S. Producer Price...

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XRP Drops 7% Amid $1 Billion Market Liquidations
XRP experienced a significant decline in the past 24 hours, hitting its lowest levels in over a week amid massive liquidations across the market....

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ETH Experiences 3% Dip Amid Early Signs of Profit-Taking
Market Overview
As Hong Kong starts trading, ETH is priced above $4600, down 3% on the day but up nearly 16% in the past week and 45% over...

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Scott Bessent Indicates Potential for Government Bitcoin Acquisitions
Treasury Secretary Scott Bessent announced that the Strategic Bitcoin Reserve will consist of $15 billion to $20 billion already held by the...

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Wall Street and Consumer Advocates Urge Revisions to GENIUS Act
U.S. bankers are challenging provisions of the newly signed stablecoin law, known as the GENIUS Act, which is seen as a step towards regulating the...

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U.S. Treasury Sanctions Crypto Network Linked to Garantex and A7A5 Token
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a network linked to the Russian crypto exchange Garantex and the...

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Polygon's POL Token Drops 6% Following U.S. Inflation Report
Polygon's POL token declined 6% on Thursday, breaking through key support levels amid rising U.S. inflation data.
Key points:
POL...
