Hyperliquid Trader Qwatio Loses $3.7M This Week on Extreme BTC, ETH Shorts
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Crypto News

One ultra-leveraged Hyperliquid trader has been liquidated five times over the weekend and has lost nearly $3.7 million in the past week with aggressive bitcoin BTC$108,788.37 and ether ETH$2,565.27 shorts, according to on-chain data. Gambler @qwatio was liquidated 5 more times, with a total of 387 $BTC($42.18) and 2,990 $ETH($7.65M) liquidated. His account went down […]

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TON Foundation’s UAE Golden Visa Announcement Powers Strong $TON Rally on High Volume
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Crypto News

On July 6, Max Crown, CEO of the TON Foundation, announced on X a “groundbreaking initiative” offering toncoin holders the “exclusive chance” to secure a 10-year UAE Golden Visa. The program requires applicants to stake $100,000 worth of toncoin for three years and pay a one-time processing fee of $35,000. After the three-year lock-up period, […]

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Nasdaq-Listed Firm Explains Its Strategy
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Crypto News

At the time of writing, Ether is trading at around $2,505, up 0.56% in the past 24-hours, according to CoinDesk Research’s technical analysis model. As for the broader crypto market as gauged by the CoinDesk 20 Index (CD20), it is up 0.34% during the same period. SharpLink Gaming, Inc. (SBET) is a pioneering online performance […]

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Singapore Ends $2.2B Laundering Case With Fines
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Crypto News

Singapore fined nine financial firms, including UBS and Citigroup, S$27.5 million ($21.5 million) after a probe into the country’s largest money laundering scandal, which involved the seizure of assets ranging from luxury real estate to cryptocurrency. The Monetary Authority of Singapore (MAS) announced that Credit Suisse’s local unit, now part of UBS, faced the biggest […]

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Dogecoin (DOGE) Price Holds 16 Cent Support as Bulls Defend Multi-Week Floor
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Crypto News

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, […]

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NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches
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Crypto News

AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise’s NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high. The launch of Bitwise’s NEAR Staking ETP marks a significant milestone for institutional adoption of the […]

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Amber International Raises $25.5M to Expand $100M Crypto Reserve Strategy
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Crypto News

Amber International Holding (AMBR), a crypto trading firm Amber Group subsidiary, said it raised $25.5 million in a private placement to expand its $100 million Crypto Ecosystem Reserve, a fund designed to support strategic growth across blockchain networks. The raise, announced Thursday, was priced at $10.45 per share, which is a 5% discount to the […]

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Blockchain Can Modernize Your Operations and Reinvigorate Your Product Line
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Crypto News

As an advisor to both TradFi and crypto native firms, one trend I’m excited about is the potential of blockchain and tokenization to help asset managers serve the next generation of investors. These financial institutions pride themselves on navigating complexity and pursuing innovative strategies. They manage trillions across private equity, credit, venture, and real assets. […]

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Bitcoin-Beating EUR/USD’s Bullish Momentum Might Have Legs: Macro Markets
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Crypto News

Welcome to CoinDesk’s weekly macro column, where analyst Omkar Godbole writes about his macro observations and analysis in the broader markets. The views expressed in this column aren’t investment advice.A major currency pair, which is barely considered volatile, is now rivaling notoriously explosive bitcoin’s price performance—unimaginable, right? Not anymore. In June, EUR/USD, the most liquid […]

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BlackRock’s Bitcoin (BTC) ETF Now Generates More Revenue Than Its Flagship S&P 500 Fund
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Crypto News

BlackRock’s iShares Bitcoin Trust (IBIT) is now generating more revenue than one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF (IVV), according to Bloomberg data. Despite having just $52 billion in AUM — a fraction of IVV’s $624 billion in total assets — IBIT’s higher fee structure has turned it […]

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DOJ’s $225M Seizure Puts Human Cost of Crypto Scams in Focus, Former Acting U.S. Attorney Says
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Crypto News

The U.S. Department of Justice is sending a message with its recent effort to seize $225 million in crypto tied to pig butchering scams: these funds were stolen from victims. At least, that’s the takeaway from Phil Selden, a member at Cole Schotz PC and former acting US Attorney for the District of Maryland. The […]

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GENIUS Act Lacks ‘Necessary Guardrails’ For Investor Protection, NYAG Letitia James Tells Congress
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Crypto News

New York Attorney General Letitia James sounded the alarm on the U.S. Senate’s stablecoin bill, warning Congress on Monday that the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act — at least as it currently stands — “do[es] not contain the necessary guardrails to protect the American public.” In an eight-page […]

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