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Crypto & Web3CoinDesk ·

Aave surges 11% on token burn speculation as DeFi broadly rallies

Decentralized finance protocol Aave rose 11% on speculation that the project may introduce a token burn mechanism. The broader crypto market showed resilience, with 72 out of 100 assets in the CoinDesk 100 index trading in positive territory. This came despite the 10-year U.S. Treasury yield climbing to 5.234%, a level that typically pressures risk assets. The simultaneous rise in bond yields and crypto prices suggests the digital asset market is currently decoupling from traditional macroeconomic headwinds.

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Crypto & Web3CoinDesk ·

Bitcoin Recovers Above $84,000 as Crypto ETFs Log $30M in Inflows

Bitcoin rebounded above $84,000 on Monday after a period of decline, while broader crypto markets staged a modest recovery. Ether led gains among major tokens during the rebound. Crypto ETFs collectively attracted approximately $30 million in inflows on the day. Zcash (ZEC) bucked the trend, continuing its downward slide while its U.S.-listed fund was the only crypto ETF to record an outflow on Monday.

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Crypto & Web3CoinDesk ·

Blockchain.com seeks $500M IPO with valuation up to $6 billion

Blockchain.com, a London-based cryptocurrency services firm, is targeting a $500 million initial public offering. The company is aiming for a valuation of as much as $6 billion through the listing. Blockchain.com had earlier submitted a confidential IPO filing with the U.S. Securities and Exchange Commission. The confidential filing, made earlier this year, is a standard step companies take before formally going public.

Bitcoin beats gold, surge to $100,000 in play · ShortSingh