Dogecoin’s price has slumped to about 7 cents, down nearly 70% over the past year, even as leveraged futures bets on the token have surged. Open interest in DOGE futures has climbed to about $1.21 billion, with speculative positions in coin terms now close to October 2025 levels despite the much lower price. Long posit
Bitcoin slipped to about $63,500 after an in-line U.S. inflation report that eased nerves but failed to spark a broad crypto rally, with most major tokens declining on the day. July inflation matched forecasts, reinforcing expectations that the Federal Reserve can wait on further rate moves and prompting modest gains i
The U.S. Commodity Futures Trading Commission issued more guidance to warn prediction markets platforms about how they’re managing their incentives programs. The firms need to file properly and avoid programs that could incentivize bad behavior, the agency said. Like any regulated trading platform under authority of th
Securitize shares fell 20% after hours on Wednesday after the tokenization firm reported a $2.37 per-share loss versus the $0.15 loss analysts expected. Revenue fell 5% to $14.4 million, missing the $20.6 million consensus estimate, even as average tokenized assets under management reached a record $4.3 billion. Transa
Zerohash, a crypto infrastructure provider for high-profile firms such as Morgan Stanley’s E*Trade, failed to get approval in its initial application to join the ranks of new digital asset-focused U.S. trust banks. The U.S. Office of the Comptroller of the Currency sent the company’s application back to it in a process
Goldman Sachs agreed to acquire NEOS Investments, the manager of the $1.1 billion BTCI bitcoin synthetic ETF, in a cash-and-equity deal valuing NEOS at up to $2.25 billion, with closing expected in early 2027 pending regulatory approval. BTCI, which does not directly hold bitcoin, uses a covered-call strategy on bitcoi
Wintermute plans a $1 billion investment over five years in high-frequency trading and AI infrastructure to expand beyond crypto. The firm said it is aiming for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business. The strategic pivot follows declining cr
Kalshi’s order book is adding Solana-based DoubleZero’s low-latency market data feed to meet institutional demand. The DoubleZero Foundation described DoubleZeroEdge as a transport layer, sending live exchange and onchain data over dedicated fiber, distributing it simultaneously to all connected traders. The model has
Miden plans to introduce USDCx, a native stablecoin backed 1:1 by USDC held through Circle’s xReserve infrastructure. Transactions will be private by default, while users can selectively prove balances, provenance and other information to auditors, regulators and counterparties. The stablecoin is expected to debut at t
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A routing failure at a major data center provider briefly knocked nearly 29% of Solana’s staked tokens offline, bringing the network close to a full halt, according to staking platform Marinade. Because Solana stops finalizing transactions if more than one-third of staked tokens go offline, the incident left the networ
Standard Chartered-led Anchorpoint launched beta access for its HKDAP stablecoin, following its Hong Kong issuer licence secured earlier this year. HashKey Exchange and OSL Group are now authorized distributors, enabling institutional and professional investors to mint and redeem HKDAP tokens. Anchorpoint, a venture wi
Soon you will pull out your phone, tap to pay with a credit card, a peer-to-peer app, or your bank app, and there is a good chance you will use a stablecoin without ever knowing it. Your experience will not change. But the plumbing behind it will, for the better. That shift is already underway. Stablecoins have grown f
Headline CPI rose 0.1% month over month and 3.4% year over year in July. Core CPI increased 0.2% monthly and 2.5% annually, both matching forecasts. Bitcoin held near $64,000 following the report. U.S. inflation in July was in line with expectations, leaving expectations for another Federal Reserve rate hike broadly un
FlightAware abruptly withdrew, without prejudice, its one-day-old lawsuit accusing prediction market Kalshi of misusing its flight data and trademark to power flight-cancellation bets. The dismissal leaves open the possibility of refiling and comes amid social media backlash over alleged incentives for malicious flight
Russia’s central bank will limit retail crypto trading to bitcoin, ether, and USDT on regulated exchanges starting September 1. Non-qualified investors face a 300,000-ruble (approx. $3,600) annual purchase limit per intermediary, while qualified investors have no cap. The rules add specifics to July legislation, though
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already. Wednesday’s big story is XRP (XRP), the payments-focused cryptocurrency. Not only did a bridge linking to the XRP Ledger experience an exploit early today, but the token price also hovers near a level that, if breached, could e
Harmony confirmed a suspected exploit after an attacker minted roughly 4 billion ONE tokens via empty blocks, equal to about 26% of total supply, sending the token to a record low. The July U.S. CPI print is due at 12:30 UTC and is the main macro event of the day. Brent crude is near $90 a barrel after fresh Houthi att
The Bank of England’s digital pound project entered Phase 2, testing how public stablecoins and central bank money can operate together in a single payment flow for trade finance. Working with NOBO Finance, Dun & Bradstreet and Polygon Labs in its Digital Pound Lab, the BOE will explore creating reusable credit profile
CoreWeave jumped nearly 17% after raising its revenue outlook and reporting a $104 billion backlog. The AI infrastructure provider said second-quarter revenue more than doubled to $2.58 billion, narrowly beating expectations, while its net loss of $626 million was smaller than analysts projected. IREN and Cipher Digita