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Blockchain project MemeCore's M token collapsed about 74% over 24 hours, sliding from a high near $2.92 to as low as $0.51 before steadying around $0.74, with no exploit, hack or announcement to account for the drop.
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The max pain level for this expiry stands at $72,000, significantly above current spot prices of around $61,700. On Friday at 8:00 ET, options worth $10 billion will expire on Deribit, the world's largest crypto options…
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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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That level is $59,000, which has emerged as strong support, capping downside moves in recent days.
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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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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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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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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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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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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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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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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 …
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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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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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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.
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Standard Chartered's Geoff Kendrick has initiated coverage of decentralized lending protocol Aave
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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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Congress is debating whether stablecoins will hollow out community banking. The banking lobby says yes. The data says otherwise.
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
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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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Binance founder Changpeng "CZ" Zhao is one of the most famous CEOs in crypto history. But he doesn't want to run the global exchange he largely owns. He doesn't want to run its U.S. arm he mostly owns. He doesn't want t…
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This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
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Bitcoin's onchain activity is surging despite the asset remaining deep in a bear market.