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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
Solo bitcoin miner makes $200,000 using $150 equipment
A solo miner using a low-power, credit-card-sized Bitaxe device unexpectedly mined Bitcoin block 957,382, earning 3.1382 BTC worth about $200,000 despite odds estimated at once in 18,000 years. The Bitaxe, an open-source ASIC miner using the same chip as industrial Antminer S21 machines, delivers ab
Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report
Bitcoin's price. (CoinDesk) Major cryptocurrencies have dropped by 2% or more in 24 hours as traders boosted bets of a July Fed rate hike. The two-year U.S. Treasury yield jumped to its highest level since early last year amid renewed upswing in oil prices and U.S.-Iran tensions. Investors are focus
Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share
Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year "hibernation" tied to regulatory issues surrounding the broader Binance brand. Gregory said Binance.US is a separate U.S.-only entity with its own governance structure, though it shar
Franklin Crypto CIO says crypto prices are disconnected from fundamentals
Latest developments: In an interview with Jennifer Sanasie on CoinDesk's Public Keys Ginns said the convergence between traditional finance and crypto continues to gain momentum despite a prolonged market slump Franklin Crypto aims to build a leading fundamental crypto investment platform followin
TeraWulf CEO: 'Not All Megawatts Are Created Equally' in AI Race
Latest developments: CEO Paul Prager said the 20-year lease reflects surging demand for AI computing and validates TeraWulf's strategy of owning power, land and operations. Prager said the Kentucky project won Anthropic through a competitive bidding process centered on access to grid power and long
Trump's crypto riches loom over Clarity Act talks to ban conflicts for U.S. officials
President Donald Trump's crypto wealth is a big factor in Democrats' feelings about what Congress' crypto Clarity Act should do. (Jesse Hamilton/CoinDesk) Democrats have fixed on President Donald Trump's recently detailed crypto wealth as they discuss what to do about banning government officials fr
Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks
Jeremy Allaire, Co-Founder, Chairman and CEO. (HK Fintech Week) Mizuho said Circle's final OCC approval for a national trust bank is a positive step but doesn't address the company's core challenges. The bank pointed to USDC's declining market capitalization since March as a key concern. The repor
Bitcoin panic-selling may be ending as sellers' profit margins disappear
The marginal bitcoin seller may be done liquidating. (sergeitokmakov/Pixabay) Bitcoin is holding above $62,000 despite broader market weakness and rising U.S.-Iran tensions, suggesting that recent “weak hand” sellers may have been exhausted. Renewed spot crypto ETF inflows and a slowdown in spot-mar
Strategy pauses its Bitcoin buying spree to hoard a massive $3 billion cash cushion
Strategy Executive Chairman Michael Saylor. (Nikhilesh De) Strategy has not purchased any bitcoin since June 22. Since then, it has sold 3,588 BTC and increased its US dollar reserve to $3 billion. The reserve provides 20.4 months of coverage, giving Strategy greater flexibility to navigate a bitco
Robinhood built a blockchain for tokenized stocks. Memecoins took over
Baiju Bhatt (right) and Vlad Tenev, founders of Robinhood (Getty Images/Spencer Platt) Robinhood Chain, an Ethereum layer-2 launched July 1 to host tokenized stocks, has quickly become one of crypto’s busiest new networks, with about $312 million in total value locked and 3.6 million daily transacti
Bolivia weighs adding Tether's USDT to its national payments system
Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk) Bolivia is evaluating a framework to integrate USDT into its national payments system as a regulated alternative to the boliviano and U.S. dollar. Crypto usage has spiked in the country, with transaction volumes hitting $430 million in the year after
UK Treasury report on tokenization cites Ripple as convergence model
(Ripple Labs) A U. K. Treasury-backed report on wholesale digital markets places Ripple at the center of efforts to move tokenized repo, fixed income and funds from sandbox pilots into live markets over the next 12 months. The report proposes a hybrid model that layers permissioned institutional net
Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply
BitMine increased its Ethereum treasury to 5.77 million ETH, or 4.8% of the token's circulating supply. Nearly five million ETH are staked, with the company also holding bitcoin, cash and equity investments. Tom Lee said Robinhood Chain's early trading activity highlights Ethereum's growing utilit
Wall Street transfer agents lobby SEC, warning that third-party tokens pose risks to market integrity
U.S. Securities and Exchange Commission (Shutterstock) An industry group for transfer agents is urging the SEC to favor issuer-sponsored tokenized shares over third-party stock tokens as it writes rules for moving U.S. equities onto blockchains. The group argues that only issuer-authorized tokens re
Robinhood Chain surges into top five by DEX volume: Bernstein
Robinhood's CEO Vlad Tenev speaks at Token2049. (Token2049) Robinhood Chain processed $3.1 billion in DEX volume over the past seven days, ranking among the top five chains, Bernstein said. More than 65,000 users hold roughly $13 million in tokenized stocks and $300 million in stablecoins on the ne
Michael Saylor’s Strategy added $467 million in cash, made no changes to bitcoin holdings
Michael Saylor & James Van Straten (CoinDesk) Strategy increased its U.S. dollar reserve last week by $466.7 million to $3 billion. The money was raised with sales of common stock. The company's bitcoin holdings were unchanged at 843,775 coins. Strategy (MSTR) increased its U.S. dollar reserve by
SBI Holdings' blockchain initiative pivots to Solana for tokenization, stablecoin issuance
Tokyo, Japan (thetalkinglens/Unsplash) SBI Holdings' blockchain initiative is turning to Solana for its stablecoin and RWA tokenization efforts. SBI Solana Global, previously SBI R3 Japan, aims to use the network to connect Japan's domestic market to global liquidity. SBI Holdings lists supporting t
BlackRock, Goldman Sachs, JPMorgan, Morgan Stanley join UK government's tokenization taskforce
HM Treasury's Wholesale Digital Markets Champion Chris Woolard The group, which includes 54 firms and backed by the City of London Corporation, will spend the next year working on live tokenisation use cases across UK financial markets. The initiative is led by HM Treasury's Wholesale Digital Market
Resurgent U.S.-Iran hostilities send bitcoin lower even as ETF flows show demand
Renewed U.S.-Iran airstrikes drive risk-off sentiment. (Venti Views/Unsplash) This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already. Bitcoin is hovering near $63,000 after falling more than 1% since midnight UTC amid a wider wave of risk-off sentiment following
Profit-taking, MidEast hostilities drag crypto lower after bullish week
Bitcoin price (CoinDesk Data) Bitcoin fell 1% while LIT slid 8% in its first significant pullback after rallying 200% in two months as reignited Iran-U.S. tensions over the Strait of Hormuz weighed on risk assets, including equities. Derivatives markets show $253 million in 24-hour liquidations skew
Paradigm shifts vs bubbles: AI chips and bitcoin show powerful trends can still produce severe corrections
The AI infrastructure boom propelled memory-chip companies to extraordinary valuations before sharp pullbacks. Similar reversals in precious metals and Strategy demonstrate that genuine long-term trends are not immune to market cycles. The lesson is that structural trends can be real while their va
U.S. inflation, second-quarter earnings reports: Crypto Week Ahead
Big U.S. banks start reporting second-quarter earnings this week. (Shutterstock) Crypto Week Ahead is a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain, as well as the major macroeconomic events that will influence digital asset markets. U.S. inflation data and
Live markets: Bitcoin, stocks, bonds sharply lower as Fed's Waller signals near-term rate hike
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
Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto
Bitcoin and other major cryptocurrencies traded in a tight range even as gold, oil, equities and government bonds swung sharply following a fourth round of U.S. strikes on Iran. Oil and bond markets priced in fears that a wider conflict could keep crude prices elevated and force the Federal Reserve
Signs of life?: State of Crypto
U.S. Capitol Building (Jesse Hamilton/CoinDesk) Rumors of the Digital Asset Market Clarity Act's demise have been greatly exaggerated. The crypto industry isn't out of the woods yet, however, for reasons we'll get into. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersectio