BJ After a suddenly rocky road for the U.S. legislative effort to regulate stablecoin issuers, the Senate is poised to move forward again with newly polished language in the bill that may see some procedural movement as soon as Thursday. The Senate’s stablecoin push veered off course a week ago when Democrats objected, primarily to President … Read more
The cryptocurrency market is experiencing significant turbulence as Uniswap’s UNI token faces intense selling pressure. After establishing resistance at $6.780, UNI cascaded downward with multiple high-volume selling periods, breaking below critical support levels, according to CoinDesk Research’s technical analysis data model. This volatility comes as blockchain data reveals large institutional holders transferred substantial UNI positions … Read more
The daughter and grandson of a French crypto exchange CEO were targeted in a failed kidnap attempt, adding to the growing number of crypto-related kidnapping cases in the country, France 24 reported on Tuesday. A video widely shared on social media showed the attempt, in which three masked men wrestled the woman and another person … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) The cryptocurrency market pulled back over the last 24 hours, led by declines in major coins as retail investors switched out of large-cap tokens and into smaller, more speculative assets. Both bitcoin BTC and ether ETH dropped around 2% and the CoinDesk 20 Index (CD20), a … Read more
Coinbase (COIN) expects to pay $180 million to $400 million to customers for a data breach on its platform, which saw attackers gains access to users personal information. The breach occurred on May 11, according to the firm. Attackers were able to access customers personal details, such as name, address, phone number, masked social security … Read more
CoW Swap, a decentralized exchange aggregator, is set to introduce a feature it says will boost the number of transactions it can handle and offer more rewards to those who facilitate trades. The feature, called Combinatorial Auctions, will let solvers, those who route trades for the aggregator, work together for the first time to offer … Read more
Solana (SOL) is starting to see capital flow back in after several weeks of outflows. Glassnode data shows SOL’s 30-day realized cap inflows are now firmly back in positive territory, growing at a pace of 4–5%, a level that puts it on par with XRP. While the inflows are relatively modest compared to frenzied periods … Read more
Bitcoin’s (BTC) rally has paused above $100K, slowing the recovery rallies in major altcoins. But one coin stands resilient: monero (XMR), the world’s largest privacy-focused digital asset by market value. XMR has risen 4.6% this week to $347, with prices gaining 2% in the past 24 hours, according to CoinDesk data. The cryptocurrency has outshone … Read more
Tokyo-listed investment firm Metaplanet (3350) generated 592 million yen ($4 million) in operating profit in the first quarter of 2025, largely through bitcoin-based income strategies. The company reported 877 million yen in revenue, with 88% coming from option premium harvesting on bitcoin BTC, according to its first quarter earnings release. Metaplanet’s bitcoin stash grew by … Read more
Bitlayer, a bitcoin Layer 2 based on the BitVM paradigm, and Sui blockchain have teamed up to make bitcoin (BTC) more useful in the Sui ecosystem. The collaboration involves Sui integrating Bitlayer’s BitVM bridge to launch Peg-BTC (YBTC), a Bitcoin-backed token, on its platform, according to an exclusive announcement shared with CoinDesk. It allows bitcoin … Read more
