In a market characterized by choppy price action and uncertainty, large traders of major cryptocurrencies are quietly taking divergent paths. While bitcoin BTC$102,848.53 investors are bracing for volatility with non-directional option plays, some XRP$2.5121 traders are betting on the opposite, recent block trades on crypto options exchange Deribit show. Over the past week, strangles accounted…
Canary Capital is widening its bet on niche crypto assets with a new filing for an exchange-traded fund tied to MOG Coin, a cat-themed memecoin born from TikTok culture.The firm submitted a registration statement on Wednesday for the Canary MOG ETF, aiming to offer direct price exposure to MOG held by the trust, minus operating…
Decentralized derivatives platform Hyperliquid suffered a $4.9 million loss Wednesday after a carefully orchestrated manipulation of the POPCAT token, according to data shared by blockchain sleuth Lookonchain. The attacker withdrew $3 million in USDC from centralized exchange OKX, splitting it across 19 wallets to create a massive leveraged long position valued between $20 million and…
The heat is rising on digital asset treasuries in the Far East. Japan Exchange Group (JPX), which operates the Tokyo Stock Exchange, is considering measures to curb the growth of listed companies that hoard digital tokens as treasury assets, according to Bloomberg. The bourse is exploring actions such as stricter enforcement of backdoor listing rules…
According to CoinDesk Research’s technical analysis data model, BCH$525.76 posted solid gains during Wednesday’s session, advancing 1.9% from $508.32 to $518.01 amid heightened volatility across crypto markets. The move established clear bullish momentum within a $32.78 trading range, representing 6.4% intraday volatility as BCH outperformed while most altcoins stumbled at key resistance zones. The decisive…
Chainlink’s LINK token fell 4% on Wednesday after running into strong technical resistance amid broader crypto market weakness. The pullback came as Bitwise’s proposed Chainlink ETF was spotted on the DTCC registry under the ticker CLNK, signaling operational readiness for a potential launch. The development initially sent LINK higher, testing resistance near $16.25, CoinDesk research’s…
A majority of the U.S. House of Representatives voted in favor of a funding bill to reopen the government late Wednesday after a record-breaking 42-day shutdown, sending the continuing resolution to President Donald Trump’s desk for his signature. The government looked set to remain shut down for the foreseeable future before a group of Senate…
MIAMI BEACH, Fla. — Dan Tapiero, founder of crypto-focused growth equity fund 50T Holdings, is betting that artificial intelligence and blockchain technology will converge in ways the market hasn’t yet priced in. “Blockchain is the money of AI,” Tapiero said in an interview with CoinDesk. “If you just imagine having thousands of these AI agents…
Welcome to the institutional newsletter, Crypto Long & Short. This week: ZIGChain’s Abdul Rafay Gadit writes that as venture funding wanes, Digital Asset Treasury Companies (DATCOs) are reshaping corporate finance by turning balance sheets into active capital engines, proving that institutional crypto’s future lies in on-chain productivity, transparency and governance — not speculation. CoinDesk Indices’…
Former oncology biotech firm Leap Therapeutics (LPTX), which earlier this month raised $58.9 million in funding led by Winklevoss Capital to pivot to a digital treasury firm, announced the purchase of $50 million of Zcash ZEC$531.53. Alongside, the company is rebranding as Cypherpunk Technologies and will begin trading Thursday with new ticker CYPH, read a…
