Latest Crypto News

Markets

Why bitcoin ETFs look like they’re falling short, even as their role grows: Asia Morning Briefing

What looks like underperformance reflects a structural shift: ETF flows now smooth volatility rather than amplify crypto rallies.

Bitcoin Logo (Midjourney/modified by CoinDesk)

Policy

PayPal, issuer of PYUSD, applies for Utah industrial bank license

The company behind the PYUSD stablecoin said it wants to offer business lending and interest-bearing savings accounts.

PayPal building

Finance

Nasdaq, home of Coinbase, Strategy stocks, seeks 23-hour trading amid investor demand

Crypto's 24/7 trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.

Nasdaq logo on a screen

Markets

Bitcoin slides to $86,000 as slower rate cut risk, AI stock woes shake markets

Crypto-related stocks suffered far deeper declines as bitcoin slumped well below its recent trading range.

roaring bear
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Policy

Senate punts crypto market structure bill to next year

The Senate will not hold a market structure markup hearing this month, pushing any progress toward a new crypto law to next year.

CoinDesk

Markets

Filecoin slides 5% alongside major decline in broader crypto market

FIL dropped to $1.24 as the technical breakdown accelerated on heavy volume, 380% above average.

"Filecoin (FIL) Plunges 7.4% Below Key Support on 380% Volume Surge"

Markets

‘Much more than a backend refresh’: Coinbase’s fintech pivot hits milestone

Wednesday’s update could debut tokenized assets, onchain AI agents and global Base features as crypto exchange Coinbase aims to redefine its business model.

Coinbase

Finance

SBI, Startale to launch regulated yen stablecoin for global settlement

The digital yen stablecoin aims to plug Japan into onchain finance and cross-border tokenized asset flows under the country's new FSA regime.

Stablecoin networks (Unsplash, modified by CoinDesk)
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Policy

UK Supreme Court refuses BSV appeal, narrowing $13 billion lawsuit against crypto exchanges

Crypto lawyer Irina Heaver said the ruling reinforces limits on exchange liability and rejects claims tied to speculative future gains following BSV’s delisting

Still from Craig Wright's testimony on day three of the Hodlonaut vs. Craig Wright trial on Sept. 14, 2022. (Bitcoin Magazine/YouTube)

Markets

Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles

The narrowing spread between yields on STRD and the 10-year U.S. Treasury could signal boosted demand for the preferred stock.

Michael Saylor, Executive Chairman of Strategy (MSTR)

Finance

BlackRock continues its aggressive push into crypto with seven new global job openings

The $10 trillion asset manager is staffing up to scale digital asset ETFs, pursue tokenization and identify "first-mover big bets" in Asia.

The BlackRock company logo is seen outside of its NYC headquarters. (Photo by Michael M. Santiago/Getty Images)
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Markets

Hedera Slides to Lowest Point in a Year as Crypto Market Plunges

Volume surged 86% above average during resistance rejection, though late-session breakout signals potential reversal from bearish structure.

"Hedera Drops 0.83% to $0.1192 Amid High Volume and Possible Reversal"

Markets

BNB falls below key support as crypto market cap slips toward $3 trillion

The decline appeared technical, rather than tied to BNB-specific negative news, and was accompanied by a wider crypto market downturn.

BNB price (CoinDesk Data)

Markets

Bitcoin Hashrate Sees Sharpest Post Halving Drop Since 2024 Amid China Machine Shutdowns

Roughly 400,000 bitcoin mining machines shut down in China, according to former Canaan chairman.

BTC Hash Rate (Glassnode)

Policy

Bank of America says U.S. banks are heading for multi-year onchain future

The Wall Street firm said faster U.S. stablecoin and charter rules are pulling crypto into the regulated banking system and pushing banks toward an on-chain future.

Stylized network of light focii covering Earth (geralt/Pixabay)
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