XRP keeps moving in circles around the same range that has controlled price action for months, and the latest failed breakout near $1.36 only reinforced how difficult it has become for buyers to build sustained momentum. The market is still compressing underneath resistance, though the lack of aggressive selling below $1.30 also suggests larger holders…
A big block sale of BlackRock’s bitcoin exchange-traded IBIT might help explain the sharp intraday reversal in bitcoin that took the price from $78,000 to below $76,000. Galaxy (GLXY) head of research Alex Thorn said in an X post that he spotted a “massive” block sale worth $1.289 billion of iShares Bitcoin Trust (IBIT) shares…
TeraWulf (WULF) surged 13% early Tuesday as the company unveiled plans for a new large-scale AI and high-performance computing (HPC) campus in Kentucky. The company said it acquired a hyperscale development site capable of supporting more than 1 gigawatt of AI and HPC infrastructure over time. The so-called Muskie Data Campus is expected to deliver…
A growing number of people see the Clarity Act, which intends to establish clear and enforceable guardrails for the U.S. crypto industry, as a sign that Washington has firmly closed the door on the “regulation-by-enforcement” approach seen under the Biden administration to a more structured framework for the crypto industry. And look, on paper, it’s…
U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig in a post on Truth Social, his social media platform, late Tuesday afternoon. “Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” he…
One of the XRP Ledger’s biggest weaknesses as a DeFi venue might be on its way out. A draft amendment titled “AMM Swappable Curves” was filed on the XRPL standards repository Tuesday, proposing to extend the network’s existing automated market maker with three pluggable curve types — constant product, concentrated liquidity, and StableSwap. A fourth,…
The United Kingdom has imposed sanctions on a group of cryptocurrency exchanges, payment firms and individuals accused of helping Russia evade Western restrictions and finance its war in Ukraine, including crypto exchange Huobi. The sanctions package from the U.K. Foreign, Commonwealth & Development Office targets 18 entities and individuals linked to what officials described as…
SharpLink Gaming (SBET), the Ethereum treasury backed by Ethereum co-founder Joe Lubin, is joining the Russell 2000 and Russell 3000 indexes later this month, potentially opening the stock to fresh institutional demand from index-tracking funds. The inclusion will take effect after markets close on June 29 as part of FTSE Russell’s annual index reconstitution, the…
Craig Swan’s eyes light up, and his smile widens when he speaks of Bermuda’s ambitions to become the world’s first economy to go fully onchain, a move he is certain will create amazing new opportunities for the country’s citizens. In an interview with CoinDesk in London, Swan, the CEO of Bermuda’s Money Authority (BMA), spoke…
Coinbase’s Ethereum Layer 2 network Base has launched a new tool that lets artificial intelligence agents directly interact with users’ crypto wallets and decentralized finance applications through plain-language prompts, marking a new step in the convergence of AI and crypto infrastructure. The product, called Base MCP, connects a user’s Base Account to AI clients such…
