Sell-Off Continues as SHIB Burn Rate Skyrockets to 112,000%
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Crypto News

Shiba inu’s (SHIB) supply-side dynamics are screaming bullish, yet the second-largest joke cryptocurrency by market value trades under pressure. Early this week, SHIB’s burn rate surged to over 112,000%, with more than 116 million coins transferred to wallets that cannot spend money. In other words, these coins were permanently taken out of circulation. The daily […]

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Cardano Foundation Launches Originate to Drive Enterprise Growth
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Crypto News

Cardano’s ADA was down 1.71% over the past 24 hours, trading at $0.6229 as of June 14. The asset briefly slipped to $0.6176 before stabilizing, holding its footing despite a sharp wave of selling from large holders. According to recent market data, whales have offloaded over 270 million ADA —worth roughly $170 million — in […]

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BTC Clings to $105K as Traders Brace for Fallout From the Worsening Middle East Crisis
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Crypto News

Bitcoin hovered around $105,100 on June 14, down 0.22% over the past 24 hours as traders digested geopolitical tension. Price action remained relatively tight, with BTC moving within a $2,090 range from $104,220 to $106,135. The largest moves occurred overnight in Asia trading, where Bitcoin briefly dipped below $104,200 before rebounding on high volume. Much […]

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Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
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Crypto News

The crypto market is slightly bouncing back from early Friday’s jitters on escalating conflict between Israel and Iran. After slumping to the $102,600 mark, bitcoin rebounded to around $106,000 before fading lower in the U.S. afternoon hours with reports about a fresh wave of airstrikes targeting Iran. The top cryptocurrency was down 1.6% in the […]

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Bitcoin (BTC) Miner Price Targets Raised to Reflect Improved Mining Economics: JPMorgan
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Crypto News

JPMorgan (JPM) raised its price targets for a number of bitcoin mining companies to reflect first-quarter results and changes to the bitcoin price and the network hashrate, the bank said in a report Friday. The bank lifted its CleanSpark (CLSK) price target to $14 from $12, its Riot Platforms (RIOT) objective to $14 from $13 […]

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Prices Plunge on Israeli Strikes Against Iran
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Crypto News

Bitcoin has substantially added to earlier losses, now down more than 4% over the past 24 hours to $103,900 as Israeli forces have bombed targets in Tehran, the capital of Iran. Axios first reported that Israel had conducted an operation inside Iranian airspace, citing unnamed sources, with Al-Jazeera later confirming that explosions were heard in […]

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Conduit, Braza Group Debut Stablecoin FX for Payments in Brazil
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Crypto News

Conduit, a stablecoin-focused cross-border payments provider, said on Thursday it has teamed up with Brazil’s Braza Group for real-time foreign exchange (FX) swaps between the Brazilian real and major foreign currencies using stablecoins. The service allows users to convert Brazilian real to U.S. dollars or euros and settle transactions in minutes with stablecoins —a sharp […]

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Bitcoin (BTC) Treasury News: GME Raising Another $1.75B
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Crypto News

GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering. Proceeds will be used at least in part for “making investments in a manner consistent with GameStop’s Investment Policy,” per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, […]

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Moody’s Tests On-Chain Municipal Bond Ratings Using Solana Blockchain
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Crypto News

Global credit rating giant Moody’s Ratings and tokenization startup Alphaledger have completed a test run showing that municipal bond credit ratings can be embedded into blockchain-based securities, the companies told CoinDesk. The trial, conducted on the Solana blockchain, showcases how credit ratings—typically distributed through proprietary data terminals—could be integrated into tokenized assets on public blockchains. […]

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Coinbase Premium, Not Bank of Japan Rates, Might be the Metric to Watch for BTC
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Crypto News

Bitcoin is trading at $109.7K as the Wednesday trading day begins in Asia, according to CoinDesk market data. While the world’s largest digital asset is trading flat in the early hours of the session, CoinDesk market data shows that it’s up 4% on the week. An expected Bank of Japan rate cut isn’t doing that […]

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Ethereum Market Research Center Introduced by ETH OG William Mougayar
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Crypto News

Long-time Ethereum advocate William Mougayar is to be the curator and editor of the Ethereum Market Research Center (EMRC), a community-led initiative aimed at raising the profile of the blockchain’s ecosystem among institutional and professional audiences. EMRC will feature contributions from prominent builders, researchers and analysts across the Ethereum landscape. It will include original research […]

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Bitcoin Slips Below $110K, But ‘Signs of Fatigue’ Emerging
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Crypto News

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin is trading below $110,000, changing hands at $109.7K, as Asia […]

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