Standard Chartered Says It’s the First Global Bank to Offer Spot Bitcoin and Ether Trading
Categories
Crypto News

Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the first global bank to offer spot trading in bitcoin and ether (ETH) to institutional clients. The offering, rolled out through the bank’s UK branches, is available initially via our U.K. entity, during Asia and Europe trading hours, with 24/5 access under consideration as client […]

Read more
Pause at $120K, But Top Is Nowhere Near, Analysts Say
Categories
Crypto News

Bitcoin cooled off during U.S. trading hours Monday after nearly topping $123,000 earlier in the session, but market top calls are premature, analysts said. BTC slipped below $120,000 late in the U.S. day, shedding most of its overnight advance, but holding on to a modest 0.6% gain over the past 24 hours. Ethereum’s ether {{ETH}} […]

Read more
3 Reasons Bitcoin May Consolidate in $120K-$130K Range; XRP MACD Flips Bull
Categories
Crypto News

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Looks north; Dealer gamma, Vol and DXY in focus Bitcoin just shattered records, surging past $123,000 early Monday, continuing the march to $140,000 levels indicated by the strong breakout in BlackRock’s IBIT last week. […]

Read more
‘Hyperbitcoinization’ May Not Be Just Maximalist Fantasy Anymore
Categories
Crypto News

“Hyperbitcoinization” — an almost apocalyptic term evoking end-of-days fiat collapse and bitcoin’s parabolic rise to global reserve status — is increasingly being discussed in more serious circles. For hardcore bitcoin maximalists, it’s long been the ultimate scenario: a financial utopia where individuals, institutions and even nations are all-in on a bitcoin-only system as the fiat-based […]

Read more
PayPal Exec on Why His Firm Is Excited to Bring Its Stablecoin to Stellar
Categories
Crypto News

On June 11, PayPal announced plans to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Stellar blockchain network, pending regulatory approval from the New York State Department of Financial Services. If approved, the move would mark the expansion of PYUSD beyond its current availability on Ethereum and Solana. PayPal described Stellar as a […]

Read more
Indian Crypto Exchange CoinDCX Denies Moving User Funds After WazirX Allegations
Categories
Crypto News

“Please don’t fall for misinformation,” Indian crypto exchange CoinDCX’s Co-founder and CEO, Sumit Gupta, said Saturday amid allegations that the exchange moved user funds to non-compliant entities in Lithuania. The allegation was reportedly made by another Indian exchange, WazirX, which has been under scrutiny since last year’s $230 million hack. In an affidavit filed as […]

Read more
Traders Eye $130K BTC With Altcoin Rally Expected
Categories
Crypto News

Bitcoin’s rally to $120,000 this week has sparked a broader breakout across major crypto assets, with ether (ETH), Solana’s SOL, XRP, and dogecoin all posting high single-digit percentage gains. However, this time, price action isn’t just about momentum, as traders claim that market structure is evolving under the weight of institutional influence. “This isn’t a […]

Read more
What Crypto Week in Congress Means for Stablecoins, CBDCs and Market Rules
Categories
Crypto News

U.S. lawmakers may actually get a crypto bill to the president’s desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a vital step closer to drafting new rules for the industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and […]

Read more
Shiba Inu Eyes Bull Run Against Bitcoin (BTC), But Looks Weak Against Dogecoin (DOGE)
Categories
Crypto News

Shiba Inu’s dollar-denominated price hit a one-month high, charting a bullish trend against Bitcoin. However, the outlook against its rival, dogecoin, doesn’t look as promising. SHIB has gained 5.2% in the past 24 hours, reaching a high of $0.00001255 on Coinbase, the level last seen on June 12. As of writing, the cryptocurrency teased a […]

Read more
$FLOKI Gains Webull Pay Listing, Tapping Into 24M Retail Users in Major U.S. Push
Categories
Crypto News

FLOKI traded in a wide $0.00005422 range over the past 24 hours, swinging from a high of $0.00009435 to a low of $0.00008913 before settling at $0.00008946, down 1.87%, according to CoinDesk Research’s technical analysis model. The token’s volatile session was marked by a sharp 4% rally during the U.S. morning hours, followed by aggressive […]

Read more
What is Wolfenstein’s MechaHitler? Grok’s Misfired Tweet Sparks MECHA Memecoins
Categories
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, […]

Read more
Building Insurance Primitives in DeFi
Categories
Crypto News

Insurance stands as one of finance’s foundational primitives—an essential scaffold that undergirds every major market from commodities to credit. Since the 1600s, no vibrant financial ecosystem has thrived without a robust insurance mechanism: market participants demand quantifiable measures of risk before committing capital. Yet in decentralized finance(DeFi)’s first wave—lending, exchanges, derivatives—insurance remained an afterthought, implemented […]

Read more