There’s something that stands out about Monday’s suspicious transfer of more than 3,520 BTC ($330.7 million) to privacy coin monero (XMR), a conversion that blockchain sleuth ZachXBT said was probably linked to a hack: coordinated activity in the derivatives market. Monero, which obscures the sender’s and recipient’s addresses to provide an untraceable currency, has limited … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2780.05, up 0.4% (+9.87) since 4 p.m. ET on Monday. Nine of 20 assets are trading higher. Leaders: BCH (+6.3%) and ETH (+1.8%). Laggards: SUI (-2.6%) and HBAR (-2.1%). … Read more
On April 14, someone put in a sell order for 2,500 bitcoin, worth roughly $212 million, on the Binance order book at $85,600, around 2-3% above the spot prices trading at the time. Seeing such a large order, the bitcoin price started to gravitate to this level at around 17:00 UTC. Suddenly, the order was … Read more
The dog-themed bonk inu (BONK) token on Solana could be one to watch for in the coming weeks as a new token issuance platform uses part of its fees to buy the token, with nearly $1 million generated in the first three days after launch. Letsbonk.fun, built by members of the BONK community and Raydium, … Read more
Miden, a protocol specializing in privacy and fast transaction speeds for large institutions, is spinning out of Polygon and has raised $25 million in a seed round. The funding will be used to develop the Miden’s roadmap, including ecosystem expansion and developer tooling. This round was led by a16z crypto, 1kx and Hack VC, with … Read more
Bitcoin staking protocol Solv, which has over $2 billion worth of BTC locked on its platform, announced Tuesday the launch of a Shariah-compliant yield product called SolvBTC.core. The new offering, a liquid staking token for BTC, has been developed in collaboration with the Core ecosystem, which offers a range of DeFi applications, including lending, restaking, … Read more
By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC) remains stuck near the $95,000 mark, apparently unfazed by the Canadian election result, which saw the crypto-friendly candidate for prime minister lose his seat. Key macroeconomic data due later this week could serve as a catalyst for bitcoin’s next move, with the standout … Read more
The U.K. government released its consultation papers on draft legislation for the crypto sector. “This will see the creation of new regulated activities such as operating a cryptoasset trading exchange and stablecoin issuance, as well as market abuse and admissions and disclosures regimes,” the Governments website said on Tuesday. The country launched a consultation on … Read more
SIGN, the token linked to its namesake’s multi-chain identity protocol, rose by 60% on Tuesday after being listed on Korean exchange Upbit. The listing follows the token’s release on Binance, where it became the first project to be selected by the Binance Alpha campaign. Trading was initially muted on Binance as it traded between $0.06 … Read more
The BlackRock iShares Bitcoin (BTC) Trust ETF (IBIT) saw $970.9 million in inflows, marking its second-largest net inflow since launching in January 2024, according to Farside data. Monday accounted for $591.2 million in new capital, which saw heavy outflows from competitors: Fidelity’s FBTC lost $86.9 million, Bitwise’s BITB dropped $21.1 million, and ARK’s ARKB saw … Read more
