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Key Highlights
A Cambridge study finds Bitcoin's network is resilient to random submarine cable failures (requiring 72-92% simultaneous failure for significant disruption) but vulnerable to targeted attacks on key chokepoints or top hosting providers. 20 posts
XRP Ledger activity surges to over 2.7 million daily payments, but XRP token price remains 62% below its 2025 high, highlighting a disconnect between network usage and token value. 2 posts
Circle's USDC overtakes Tether's USDT in transaction volumes for the first time since 2019, with $2.2 trillion year-to-date vs. $1.3 trillion for USDT. 1 post
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Latest posts
AI chipmaker Cerebras down 11% after first public earnings report
CBRS (TradingView) In its first earnings report since its May IPO, Cerebras Systems (CBRS) is lower by 11% in after-hours trading after guiding to lower profit margins next quarter. First-quarter revenue nearly doubled from the year-ago level to $193.4 million, and the company's adjusted net loss of
Crypto critic Roubini joins tokenization boom with onchain 'Technodollar'
Nouriel Roubini (John Lamparski/Getty Images for Concordia Summit) Longtime crypto critic Nouriel Roubini co-authored a whitepaper for a tokenized investment product called USAFi. The token will be backed by the Atlas America Fund ETF he oversees with plans to be issued under Dubai's VARA framework
Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
Meta is developing an experimental prediction market-style app called Arena that would let users forecast outcomes in politics, sports, entertainment and world affairs. Unlike traditional platforms such as Polymarket or Kalshi, Arena is expected to use a video game-like points system rather than cas
BNY sees 'FOMO' driving asset managers into tokenized funds
Asset managers are accelerating plans to tokenize ETFs, driven by investor demand and concerns about missing an early opportunity in blockchain-based finance. BNY says firms are moving ahead with tokenized fund products despite unresolved questions around regulation, trading infrastructure and mark
Chainlink teams up with 47 South Korean, European banks to speed up international money transfers
Chainlink's Niki Ariyasinghe (Chainlink/Media) Chainlink joined Project Pangea, a coalition of European and South Korean banks to enable real-time, stablecoin-based cross-border payments for foreign-exchange trades within a year. The initiative will test near-instant settlement of euro- and South Ko
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
The Ethereum Foundation will cut its budget by roughly 40% this year as it transitions to a leaner, endowment-style model, with Vitalik Buterin saying the organization aims to reduce annual spending from about 15% of treasury assets to around 5% by 2030. The announcement comes amid a broader shakeup
Bitcoin's recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank
Bitcoin's recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank. (Unsplash) Deutsche Bank said bitcoin's drop below $60,000 this month was driven by a hawkish Fed outlook, record ETF outflows and concerns over leveraged corporate holders. The bank said investors are increasingly
The SEC delayed tokenizing stocks, and here’s why that’s a relief
U.S. SEC headquarter in Washington (Jesse Hamilton/CoinDesk) After two decades building systems that evolved from reactive to cognitive – first at VMware with mobile device security, now in compliance infrastructure for digital asset markets – I've seen that following the rules isn’t the same as pre
Ethereum Foundation cuts 20% of staff amid leadership exodus
The Ethereum Foundation is cutting roughly 20% of its workforce, eliminating 54 positions as part of a months-long restructuring tied to its updated mandate and treasury strategy A spate of senior leadership departures in recent months has raised questions about the Foundation's governance and execu
Bitcoin may need to plunge 15% or more to mark bottom, according to this long-time indicator
Realized Price (Glassnode) Bitcoin's realized price, currently around $53,457, has historically been breached during every major bear market before a cycle bottom was established. Large whale cohorts have a cost basis between roughly $49,000 and $54,300, indicating potential support. As bitcoin tr
In Clarity Act's final weeks, its path through U.S. Senate not getting much clearer
The Clarity Act is coming down to the wire, with a lot of big-ticket items unresolved. (Jesse Hamilton/CoinDesk) At least four major boxes still need to be definitively checked before the crypto Clarity Act can get to a floor vote in the U.S. Senate, and one of them is a political challenge to Presi
Former Robinhood Crypto COO Tanya Denisova joins stablecoin issuer Agora as head of operations
Agora CEO Nick van Eck. (Agora) Former Robinhood Crypto COO Tanya Denisova has joined stablecoin issuer Agora as head of operations. CoinDesk first reported Denisova's departure from Robinhood Crypto, where she oversaw settlement, liquidity, trading, custody and wallet operations across regulated U
The ECB digital euro takes step forward after winning key European Parliament vote
The EU Parliament's influential ECON Committee voted in favor of the digital euro, clearing the last step toward a central bank stablecoin in the EU by 2029. (Marius/Unsplash) The European Parliament’s Economic and Monetary Affairs Committee approved the legal framework for a digital euro and ordere
Franklin Templeton closes 250 Digital acquisition deal and sets up new Franklin Crypto division
Jenny Johnson, President and CEO, Franklin Templeton (CoinDesk) Franklin Templeton has closed its acquisition of active crypto investment manager 250 Digital and created a new division called Franklin Crypto. The new unit will combine 250 Digital’s investment team and liquid cryptocurrency strategie
Strategy's STRC slump prompts Terra comparisons that don't hold up, says analyst
Strategy’s STRC preferred stock, engineered to trade near $100, has dropped as low as about $82.53, prompting social media comparisons to Terra’s failed UST stablecoin. Benchmark's Mark Palmer argued that STRC is not a stablecoin and was never pegged to a fixed value, calling the recent slide a mark
Bitcoin volatility looks cheap as $10 billion options settlement nears
A $10 billion option expiry deadline is nearing. This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already. Bitcoin's BTC $62,715.62 volatility is cheap, particularly on the bullish side, heading into Friday's $10.5 billion quarterly options expiry, according to dom
Crypto market drops as Nasdaq tech selloff spills into digital assets
Bitcoin price (CoinDesk data) Derivatives signal growing bearish conviction with indications that sellers are in control at most of the top 25 coins. Options market structure heading into Friday's quarterly expiry is skewed long calls, but those bullish bets are underwater as spot prices have collap
Ripple targets EU, wins preliminary MiCA approval from Luxembourg financial regulator
Ripple Labs CEO Brand Garlinghouse (Jesse Hamilton/CoinDesk) Ripple, the blockchain company behind the XRP Ledger, is on its way to receiving regulatory approval in the European Union through Luxembourg. The license will allow Ripple to offer its stablecoin payment systems in the bloc and expand int
Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin merger
(Ralf Kleeman/Shutterstock) Hut 8 agreed to pay $2.35 million to settle an investor suit alleging the company failed to disclose operational issues at a key mining venture acquired through its 2023 merger with U.S. Bitcoin Corp. The deal, which requires court approval, ends a securities class action
Bitcoin price has limited downside, likely near bottom, contrarian indicator suggests
(TradingView) BTC's long-term moving averages are set to flash a bearish signal soon. This signal has historically been a contrarian indicator, marking bear market bottoms and renewed bull runs. If you’re wondering just how much lower bitcoin BTC $62,715.62 is likely to drop, the answer, at least
Live updates: Saylor's Strategy sinks to new 52-week low as bitcoin drops to $62,000
null Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its pub
XRP drifts toward $1.10 support as traders await break from three-week range
XRP is again testing key support near $1.05 to $1.10 after a month of range-bound trading and a 1.8 percent drop in the latest session. Institutional demand remains resilient, with XRP ETFs drawing $2.4 million in fresh inflows even as network activity, futures positioning and retail sentiment softe
SpaceX’s $600 billion plunge erased equivalent of nearly half of bitcoin’s market cap in 3 days
SpaceX's stock slides sharply. (Official SpaceX Photos/flickr) SpaceX has shed more than $600 billion in market value over three days, or about 23%, after announcing its first bond sale to fund AI expansion tied to its xAI acquisition. The sharp drop reflects SpaceX’s thin trading float and broader
Bitcoin falls under $63,000 as a tech selloff drags risk assets lower
Bitcoin fell below $63,000 amid a broader pullback from risk assets, tracking a sell-off in high-flying technology and chip stocks. Crypto prices are increasingly being driven by the same AI-focused tech trade steering equities, with upcoming Micron earnings and key U.S. economic data seen as major
Quantum computing is often seen as a risk to bitcoin. Now Trump wants to develop it.
Trump signs executive orders to build quantum machines and defenses. (Credit: Library of Congress on Unsplash/Modified by CoinDesk) The White House issued twin executive orders to accelerate U.S. development of large-scale quantum computers while simultaneously hardening federal systems against quan