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Ethereum gets a new nonprofit focused on institutional adoption
A new independent non-profit, Ethereum Institutional, has launched with the goal of accelerating institutional adoption of Ethereum, its layer-2 networks and the broader ecosystem.
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Cantor says bitcoin bear market may be entering final stretch
Wall Street bank Cantor Fitzgerald said crypto markets are entering the final stage of the current bear cycle, with bitcoin's
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What's next for Bitcoin and stocks? Analysts see a volatile second half
The first half of the year was defined by the AI trade. The second half may be defined by a tougher question: Which companies and assets actually stand to benefit from it?
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Jefferies warns against buying the dip in Circle as Open USD raises new competition fears
Circle (CRCL) shares bounced 5% Wednesday after a 17% plunge, as investors are weighing whether the new Open USD stablecoin consortium backed by Stripe, Mastercard, Coinbase and BlackRock poses a lasting threat to the U…
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Bitcoin climbs toward $60,000 after Fed Chair Warsh said inflation risks has come down
Warsh declined to provide guidance on the Federal Reserve's next interest-rate decision, saying policymakers would debate incoming data at their meeting in four weekds, during a panel discussion at the European Central …
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French banking giant Crédit Agricole rolls out euro stablecoin, EURXT
Crédit Agricole (ACA), France's second-largest bank by assets, unveiled a euro-pegged stablecoin, a rival to offerings from smaller peer Société Générale (GLE) and Circle Internet (CRCL) in a market that's also targeted…
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Citi slashes 12-month bitcoin, ether targets as ETF flows dry up
The bank lowered its base-case forecast for bitcoin to $82,000 from $112,000 and cut its ether target to $2,240 from $3,175. It now assumes no net ETF inflows over the next year, abandoning an earlier expectation that r…
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EthLabs launches as Ethereum undergoes its biggest leadership transition in years
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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Europe's MiCA rollout sparks debate over who wins under new crypto rules
The European Union's crypto market entered a new era on Wednesday as its Markets in Crypto-Assets (MiCA) regulation came into full effect, meaning crypto firms serving customers across the 27-nation bloc are required to…
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Bitcoin options traders load up on $50,000 puts and gold futures flash a death cross
Ether (ETH) is at $1,580, having also experienced a slight relief bounce since 01:00 UTC.
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Morpho poised to scale as DeFi infrastructure play, Standard Chartered says
Investment bank Standard Chartered has initiated coverage of Morpho, calling the lending protocol a dual-play on decentralized finance (DeFi) that combines a lending market with infrastructure for onchain banks and asse…
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Europe is closing the door on offshore crypto, but it’s leaving the riskiest window open
With the end of MiCA’s transitional period fast approaching, the European Union is finally cracking down on unlicensed crypto exchanges in an effort to purge the continent’s spot markets of rogue operators and protect E…
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Europe is rewriting its landmark crypto rulebook MiCA as hard July 1 deadline passes
The European Union's (EU) transitional grandfathering period under its Markets in Crypto-Assets (MiCA) regulation ends on July 1, forcing crypto-asset service providers (CASPs) who have yet to attain full licensing unde…
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Bitcoin opens the third quarter in an historical red zone after rare losing first half
The largest cryptocurrency fell 22.2% in the first quarter and another 14.09% in the second, according to Coinglass data, and was trading just above $59,000 on Wednesday as the third quarter began.
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Tokenized Google stock inflated 7,700% in rare DeFi lending exploit
Tokenized equities trading platform Edel Finance paused its lending protocol on Tuesday after an attacker exploited how it priced a tokenized stock, borrowing against collateral inflated to roughly 78 times its true val…
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Mysterious Solana project World unveiled as fully onchain prediction market
World, the mysterious Solana project that garnered millions of views on X with little more than a glowing globe, cryptic posts and the tagline “Trade Everything,” is now live as a fully onchain prediction market inside …
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Ark Invest bought more than $75 million of crypto shares during June bloodbath
Ark Invest has a tendency to load up on shares in cryptocurrency companies when their prices are depressed, and June was no exception.
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XRP, HYPE funds are the bright spots as investors flee bitcoin, ether ETFs
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
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Aave logs biggest network-growth day in nearly 5 years as DeFi interest returns
Aave, one of the largest decentralized lending protocols by locked value, recorded its strongest day of new-wallet creation in almost five years on June 30, a sign of fresh interest in the AAVE token even as the wider c…
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Live markets: U.S. spot bitcoin ETFs had their worst month ever in June, shedding $4.5 billion
U.S. spot bitcoin ETFs recorded $4.5 billion in net outflows in June, their worst month since launching in January 2024, per SoSoValue data.
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Why Poland is the only EU country where crypto firms can't get a MiCA license
Polish crypto firms are being forced to seek licenses abroad or risk shutting down after President Karol Nawrocki refused to sign legislation giving the country’s financial regulator authority to issue licenses under th…
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XRP holds above $1 after leverage flush as network activity improves
XRP is still pinned near $1, but the selling pressure is no longer coming from the same crowded leverage that drove the earlier decline. The token slipped 1% over the session, then bounced from support as open interest …
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Bitcoin’s 20% June crash looks even deadlier on the charts. Here’s why
The June candlestick, a charting tool summarizing entire month's price action into a single visual, looks like a solid red brick with virtually no wicks, a clear sign of complete and "uninterrupted" bear dominance throu…
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Anthropic restores AI models Fable, Mythos after the U.S. lifts export controls
Anthropic is restoring access to its two most advanced AI models after the U.S. government lifted the export controls that forced it to pull them last month.