Aoyon Ashraf

Aoyon Ashraf is CoinDesk's Global Head of News and is responsible for all of the editorial content and strategies. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from the University of Toronto with a degree in mining engineering. He holds ETH, BTC, and SOL that are above CoinDesk's disclosure threshold of $1,000. He also holds LINK, ATOM and some other altcoins that are below CoinDesk's disclosure threshold of $1,000.

Aoyon Ashraf

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News Analysis

SEC's Pause of Grayscale Fund Is Likely Temporary

The Commission’s pause on Grayscale’s Digital Large Cap Fund ETF is likely tied to listing standards, not politics, sources say.

U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)

Markets

Sui Reclaims $3 After Week-Long Rally Sparked by Lion Group’s Treasury Plans

The native token of the Sui network is up 15% over the past 7 days.

SUI is trading at $3, up about 4% in the past 24 hours.

Markets

Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase

DeFi Dev Corp expands its SOL holdings to over 640K tokens and increases staking activity, reinforcing its long-term commitment to the Solana ecosystem.

SOL fell to $150.75 after facing resistance at $156

Markets

Cardano’s ADA Rises as Altcoin Trading Volume Surges Amid Broader Rally

Cardano's native token hits a 5-month high amid global economic uncertainty and technical developments.

Up Arrows (Unsplash)

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Markets

BONK Leads Memecoin Amid Crypto Rally While the Token Approaches 1M Holder Milestone

The Solana-based token sees a massive volume spike to 2.9 trillion amid potential ETF launch speculation and an upcoming token burn event.

Bonk price chart as of 12:06pm ET(CoinDesk data)

Markets

A Major Currency Outpaces Bitcoin With More Possible Momentum Ahead: Macro Markets

As U.S. fiscal fears mount and ECB rate cuts near their end, the euro’s surprising rally is forcing global investors to rethink their dollar bets.

Euros (B.Stefanov/Shutterstock)

Markets

Asia Morning Briefing: SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch

The REX-Osprey Solana + Staking ETF (SSK) does better than the average ETF launch on the first day of trading, Bloomberg's Eric Balchunas said in a post on X.

A Solana booth at ethDenver (Danny Nelson)

Markets

Spot Ethereum ETFs Could See Explosive Growth in H2 2025, Says Bitwise CIO

Ether climbs to $2,601 as institutional narratives strengthen following bullish ETF commentary and Robinhood’s L2 blockchain development on Arbitrum.

Ether price chart shows 8% rise to $2,601

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Policy

SEC Halts Grayscale Large Cap Fund Conversion for 'Review' a Day After Staff Approval

The SEC's commissioners are reviewing Grayscale's uplisting of a large cap fund, a letter from the agency said.

U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)

Markets

BONK Surges 10% as Tuttle Capital Sets July 16 as Earliest Launch Date for Its 2X Leveraged ETF

BONK rallied to $0.00001494 as Tuttle Capital filed a post-effective amendment stating its 2x leveraged ETF could go live as early as July 16 if approved.

BONK 24H chart showing rally and sharp reversal