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Crypto & Web3CoinDesk ·

Bitcoin Clears 50-Week Average for First Time in 45 Weeks

Bitcoin's price has surpassed its 50-week moving average, a threshold it had not crossed in 45 weeks. This technical milestone is considered a significant bullish indicator by market analysts. Historically, similar crossovers have preceded major upward price movements in Bitcoin. The development has drawn attention from traders and investors watching for signs of a sustained market recovery.

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Crypto & Web3CoinDesk ·

Gemini's Stock Falls 80% from IPO, Fueling Acquisition Speculation

Crypto exchange Gemini has seen its market value plunge roughly 80% since its IPO, dropping to approximately $753 million. The sharp decline has reignited speculation that the platform could become a takeover target. Potential acquirers are seen as being drawn to the company's regulatory licenses, custody infrastructure, and established customer base. The assets Gemini holds could offer significant strategic value to any buyer looking to enter or expand in the crypto space.

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Crypto & Web3CoinDesk ·

Coinbase, Robinhood, Circle seen as top beneficiaries of SEC tokenized-stock push

Analysts from Goldman Sachs and Citizens have identified Coinbase, Robinhood, and Circle as potential early winners from the SEC's move toward tokenized stocks. The regulatory shift is expected to open new business opportunities across custody services, tokenization infrastructure, and stablecoin-based settlement. Brokers are also seen gaining room to expand their on-chain product offerings as a result of the agency's stance. The analysis suggests the development could reshape how traditional securities are issued and traded using blockchain technology.

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Crypto & Web3CoinDesk ·

Bitcoin Holds Steady Amid Market Fears, Defying Wipeout Predictions

Bitcoin demonstrated notable price stability this week, surprising traders who had anticipated a significant market downturn. Market experts interpreted this resilience as a sign of Bitcoin's growing independence from Washington's political and policy developments. Analysts maintain that global liquidity conditions and broader adoption cycles are the primary forces driving Bitcoin's long-term growth. The cryptocurrency's ability to hold its ground has reinforced the view that it is increasingly decoupled from traditional geopolitical influences.

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Crypto & Web3CoinDesk ·

US Agencies Rush to Fill Void Left by Shelved Crypto Clarity Act

The Clarity Act, a bill designed to establish a firm legal foundation for U.S. cryptocurrency markets, has failed to advance into law. Federal agencies are now moving quickly to put their own regulatory frameworks in place as a substitute. However, questions remain about whether agency-level rules can provide the same durability and authority as formal legislation. Critics and industry observers are concerned that regulatory guidance issued by agencies, unlike enacted law, is more vulnerable to reversal or legal challenge. The development leaves the future of comprehensive U.S. crypto market regulation uncertain.

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Crypto & Web3CoinDesk ·

Crypto Pioneer Shifts Profits Back to Bitcoin Amid Growing AI Concerns

Marc van der Chijs, an early figure in the cryptocurrency space, previously sold a significant portion of his bitcoin holdings to invest in artificial intelligence. He is now moving some of those AI profits back into crypto as his outlook on the technology turns cautious. Van der Chijs has warned that AI could trigger serious disruptions to banking systems and critical infrastructure. His shift reflects broader anxieties among some tech investors about the pace and unpredictability of AI development.

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Crypto & Web3CoinDesk ·

Asset Managers Building on XRP Ledger Ahead of Batch V1.1 Payments Upgrade

Ripple has announced that asset managers are actively developing commercial projects in anticipation of the XRP Ledger's upcoming Batch V1.1 upgrade. The new feature enables linked asset and payment transfers to either succeed or fail together as a single unit. Ripple confirmed the development activity is already underway following a thorough security review of the feature. The upgrade is expected to enhance reliability and atomicity in complex payment workflows on the XRP Ledger.

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Crypto & Web3CoinDesk ·

Michael Saylor Defends Bitcoin After VC Jason Calacanis Declares It Obsolete

Venture capitalist Jason Calacanis publicly argued that Bitcoin has become outdated, comparing it to CDs in the era of Spotify and DVDs in the age of Netflix. His comments amounted to a symbolic 'obituary' for the cryptocurrency, suggesting it has been overtaken by newer alternatives. MicroStrategy executive chairman Michael Saylor pushed back against the critique, signaling his unwavering commitment to Bitcoin with the remark 'the orange tie stays.' Saylor has long been one of Bitcoin's most prominent corporate advocates, with MicroStrategy holding billions of dollars worth of the asset. The exchange highlights an ongoing debate between Bitcoin maximalists and those who believe the crypto landscape has evolved beyond it.

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Crypto & Web3CoinDesk ·

Robinhood Chain Fees Drop 97% Despite Near-Record Transaction Volumes

Robinhood Chain has seen a dramatic 97% collapse in network fees even as user activity remains close to all-time highs. Seven-day average fees declined by 82%, while transaction counts fell only marginally by 6%. Despite the fee compression, the network continues to process roughly $1.5 billion worth of transactions daily. The divergence between falling fees and sustained transaction volume suggests improved network efficiency or shifting usage patterns rather than a decline in adoption.

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Crypto & Web3CoinDesk ·

JPMorgan and Citi Tokenize Deposits Internally, Leaving Retail Users Behind

Major Wall Street banks JPMorgan and Citi have been moving billions of dollars through tokenized deposits, but these transactions remain confined to transfers between their own institutional branches. The technology, which uses blockchain to represent traditional bank deposits as digital tokens, has so far been built exclusively for institutional clients rather than everyday consumers. Neither bank has extended tokenization capabilities to retail customers. A UK-based challenger bank is now preparing to change that dynamic by launching a tokenized deposit product aimed beyond institutional walls.

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Crypto & Web3CoinDesk ·

CFTC forwards crypto market rules to White House amid congressional delays

The U.S. Commodity Futures Trading Commission has submitted its proposed cryptocurrency market regulations to the White House for review. The move comes as Congress has stalled on passing the Clarity Act, a bill intended to establish a clear regulatory framework for digital assets. By advancing its own rulemaking, the CFTC is taking independent steps to bring structure to the crypto market. Separately, the Securities and Exchange Commission is also making regulatory strides by opening a new pathway for tokenized stock trading. Together, these developments signal growing federal momentum on crypto oversight even without a legislative breakthrough.

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Crypto & Web3CoinDesk ·

Crypto tech firm Haruko suffers cyberattack impacting 15 clients

Haruko, a cryptocurrency technology provider, has been hit by a targeted cyberattack that affected 15 of its clients. Some funds were lost as a result of the breach, according to sources familiar with the matter. Smaller hedge funds with weaker security controls are believed to have been among the hardest hit. The incident highlights ongoing cybersecurity vulnerabilities within the crypto industry's service provider ecosystem.

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Crypto & Web3CoinDesk ·

Coin Center Calls DHS Predictive Policing Via Spending Data Unconstitutional

Coin Center researcher Laz Pieper has criticized the Department of Homeland Security for using Americans' spending habits to predict political affiliations and flag individuals for scrutiny. Pieper argues the practice constitutes an abuse of the financial system and violates constitutional protections. The commentary warns that profiling citizens based on financial data sets a dangerous precedent for civil liberties. Coin Center, a cryptocurrency policy advocacy group, is calling for the practice to be halted entirely.

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Crypto & Web3CoinDesk ·

ECB's Lagarde Reportedly Pressured Greece to Block Binance's EU Crypto License

European Central Bank President Christine Lagarde allegedly intervened to prevent Binance from obtaining a cryptocurrency license under the EU's MiCA regulatory framework, according to the Wall Street Journal. Despite the ECB having no formal licensing authority under MiCA, Lagarde's high-level pressure reportedly caused Greek regulators to stall Binance's application. Notably, Greek authorities had previously assessed the application as complete and ready for approval. The move highlights growing tension between top EU financial officials and major crypto exchanges seeking regulatory legitimacy in Europe.

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Crypto & Web3CoinDesk ·

Zcash plans November upgrade to triple private transaction speeds

Zcash is targeting a November network upgrade, dubbed NU7, that aims to make private payments up to three times faster. The upgrade would achieve this by reducing block confirmation times from the current rate down to just 25 seconds. In addition to speed improvements, NU7 would introduce a new fee-allocation mechanism reserving at least 60% of transaction fees for miners. This fee supplement is designed to support mining rewards starting in 2031, when block subsidy reductions are expected to impact miner incentives.

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Crypto & Web3CoinDesk ·

Layer-2 and DeFi tokens surge as markets calm after Fed rate hike fears

Cryptocurrency markets staged a broad recovery as post-Federal Reserve rate hike anxiety eased. Layer-2 blockchain tokens Starknet and Arbitrum were among the top performers, each gaining over 17%. The rally was widespread, with 98 out of 100 tokens in the CoinDesk 100 index recording gains. Adding to the positive sentiment, the 10-year US Treasury yield retreated to below the 5% mark, signaling reduced pressure on risk assets.

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Crypto & Web3CoinDesk ·

Bitcoin holds steady in September despite rate hikes, strong dollar headwinds

Bitcoin has declined only 1.5% in September, a month historically known for poor crypto performance. The modest dip comes despite mounting macroeconomic pressures including rising interest rates, surging oil prices, and a strengthening US dollar. Despite these headwinds, Bitcoin remains on course to post its first quarterly gain in a year. The resilience of the cryptocurrency signals underlying bullish sentiment among investors even as broader financial conditions tighten.

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Crypto & Web3CoinDesk ·

Bitcoin Climbs Back Toward $78,000 for Third Consecutive Day of Gains

Bitcoin has extended its recovery for a third straight day, rising from an overnight low of $75,972 to just under $78,000. The rebound signals renewed buying momentum in the broader crypto market. Altcoin HYPE emerged as a standout performer, leading gains across the alternative cryptocurrency segment. The recovery comes amid broader market volatility that had previously pushed Bitcoin to lower price levels.

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Crypto & Web3CoinDesk ·

Stablecoin payments firm dtcpay raises $25M in Series A backed by SBI Group

Singapore-based stablecoin payments company dtcpay has closed a $25 million Series A funding round. The round featured a strategic investment from Japan's financial giant SBI Group. The capital injection is expected to support dtcpay's growth in the digital payments space. This partnership signals continued institutional interest in stablecoin-based payment infrastructure.

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