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Crypto & Web3CoinDesk ·

Revolut launches euro stablecoin EURR in Denmark, Poland, and Portugal

Revolut has begun rolling out its euro-pegged stablecoin, EURR, to customers across select European markets. The initial launch targets users in Denmark, Poland, and Portugal, with availability limited to a chosen group of customers. The move marks a significant step toward mainstream adoption of euro-denominated stablecoins in Europe. Revolut, one of Europe's largest fintech firms, is positioning EURR as part of its broader push into digital assets.

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Crypto & Web3CoinDesk ·

Japan plans blockchain-based stock and bond settlement system by early 2030s

Japan's financial regulators are working toward launching a blockchain-based settlement system for stocks and bonds in the early 2030s. The initiative aims to modernize the country's national financial infrastructure. A key motivation behind the push is to retain institutional investors and foreign capital that may otherwise move to more technologically advanced overseas markets. The move reflects a broader urgency among Japanese authorities to keep the country competitive in global finance.

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Crypto & Web3CoinDesk ·

Zcash drops 8% as Grayscale spot ETF debuts on NYSE after 60% rally

Zcash, a privacy-focused cryptocurrency, fell approximately 8% on Tuesday after its Grayscale spot ETF began trading on the New York Stock Exchange. The ETF launch had been a key driver behind Zcash's surge to an eight-year price high. Traders appear to be engaging in classic 'sell the news' behavior following the highly anticipated event. The pullback is compounded by significant leverage that had built up during the rally leading to the listing.

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Crypto & Web3CoinDesk ·

Bitcoin faces heightened volatility as $6.4B options contracts expire Friday

A large batch of Bitcoin options contracts worth $6.4 billion is set to expire this Friday. The expiry comes after Bitcoin recently surged from $62,000 to $80,000, significantly shifting market dynamics. The sharp price rally has left market makers with greater exposure to manage across multiple key strike prices. This concentration of risk around certain price levels could amplify price swings around the expiry date.

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Crypto & Web3CoinDesk ·

ETF Issuers Now Let Bitcoin Whales Swap Self-Custody Holdings for ETF Shares

Major ETF issuers are making it simpler for large bitcoin holders, commonly known as whales, to exchange their self-custodied bitcoin for ETF shares. This development lowers a key barrier that previously made such conversions difficult for high-net-worth investors. The move reflects growing institutional appetite for regulated bitcoin investment vehicles over direct asset custody. By offering this pathway, Wall Street firms are positioning ETFs as a more accessible and compliant alternative to self-custody for large-scale investors.

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Crypto & Web3CoinDesk ·

XRP's 44% Rally Drives Leverage to January Highs, Flagging Pullback Risk

XRP has surged 44% recently, drawing heightened speculative activity in derivatives markets. According to CryptoQuant data, XRP's estimated leverage ratio on Binance has climbed to its highest level since January. Long positions are currently outnumbering short positions, signaling strong bullish sentiment among traders. Futures trading volume is running at more than five times the level of spot trading, indicating elevated risk appetite. Analysts warn that such elevated leverage increases the potential for a sharper price correction if sentiment shifts.

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Crypto & Web3CoinDesk ·

Crypto Fear & Greed Index surges to 74, mirroring pre-crash sentiment levels

The cryptocurrency Fear & Greed Index climbed to 74 on Tuesday, signaling strong greed sentiment among traders. This marks a sharp reversal from a reading of just 27 recorded less than two weeks prior. The rapid swing highlights how quickly market participants have shifted from caution to risk-seeking behavior. The current greed level closely resembles conditions seen just before October's $19 billion market wipeout.

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Crypto & Web3CoinDesk ·

Bitcoin holds above $79,000 as most major crypto tokens post weekly gains

Bitcoin remained steady above $79,000 even as most major cryptocurrencies declined over a 24-hour period. Ether and Solana slipped as traders appeared to lock in profits following a strong week. Despite the short-term dip, Bitcoin posted a notable 23% gain over the weekly period. XRP outperformed the broader market, recording a weekly rise of nearly 45%. HYPE was the only major token to buck the 24-hour downward trend among its peers.

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Crypto & Web3CoinDesk ·

U.S. State Banking Groups Plan Nationwide Blockchain Network by 2027

A coalition of U.S. state banking associations is working to establish a blockchain network called the BankChain Alliance. The initiative is targeting a 2027 launch date. The network is designed to support stablecoins, payments, and tokenized deposits within the existing banking regulatory framework. The goal is to bring these digital financial tools under the oversight of established banking institutions rather than outside them.

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Crypto & Web3CoinDesk ·

Zerohash Reapplies for OCC Trust Bank Charter With Narrower Scope

Crypto infrastructure firm Zerohash has reapplied to the Office of the Comptroller of the Currency (OCC) for a trust bank charter. This marks the company's second attempt after its initial application failed to receive approval. The firm stated that this new effort would be more narrowly focused than its previous bid. Zerohash is seeking the federal charter to strengthen its regulatory standing within the U.S. financial system.

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Crypto & Web3CoinDesk ·

POSCO Tokenizes Trade Receivables on Avalanche in Major Blockchain Finance Move

South Korean steel and trading conglomerate POSCO, valued at approximately $22 billion, has moved its trade receivables onto the Avalanche blockchain. The company partnered with financial technology firms Olea and Intain to execute the tokenization transaction. This move represents a growing trend of large corporations bringing traditional financial assets onto blockchain networks. The development follows a separate pilot conducted last month involving LG CNS on the Injective blockchain, signaling broader adoption of tokenization in South Korean industry.

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Crypto & Web3CoinDesk ·

LayerZero Launches Trading Infrastructure for Crypto and Tokenized Assets

LayerZero has unveiled a new trading infrastructure designed to serve both cryptocurrency and tokenized markets. The system operates on LayerZero's own Zero blockchain network. Financial giant Citadel Securities is backing the initiative, signaling strong institutional interest. Major market institutions DTCC and ICE are also exploring potential applications for the infrastructure. Following the announcement, LayerZero's native token ZRO saw a significant price surge.

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Crypto & Web3CoinDesk ·

Bitwise Builds AI and Robotics Portfolios Using Coinbase Tokenized Stocks

Crypto ETF issuer Bitwise has launched automated investment portfolios focused on AI, robotics, and technology sectors using Coinbase's tokenized stocks. The move represents a deeper push by Bitwise into onchain asset management. Tokenization of traditional stocks is enabling new methods of constructing and managing investment portfolios. The development highlights how blockchain-based financial products are increasingly intersecting with conventional equity markets.

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Crypto & Web3CoinDesk ·

Copper Seeks Buyers at $500M but Offers Fall Short of Asking Price

Crypto custody firm Copper is currently in talks with potential buyers after being put up for sale. The company was marketed by investment bank Cantor Fitzgerald at approximately $500 million in May 2024. However, offers received so far have come in significantly below the $500 million asking price. This marks a steep decline from Copper's peak valuation of $2.5 billion, reflecting broader challenges in the crypto industry.

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Crypto & Web3CoinDesk ·

MiCA Reshapes European Crypto Landscape While Poland Loses Competitive Edge

The EU's Markets in Crypto-Assets (MiCA) regulation has significantly transformed the European cryptocurrency industry. While the framework has brought greater legitimacy and structure to crypto markets across the bloc, Poland appears to be among the countries bearing the heaviest costs. Industry observers suggest 2026 may mark the year Poland's ambitions as a competitive crypto hub effectively came to an end. Mateusz Kara, founder and CEO of Morphic Financial Group, argues that MiCA's implementation has had an uneven impact across EU member states, with Poland particularly disadvantaged.

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Crypto & Web3CoinDesk ·

Chainalysis sting with Binance, Coinbase yields 14,000 leads on child exploitation

A blockchain analytics operation dubbed 'Operation Lighthouse' has targeted networks distributing child sexual abuse materials. Chainalysis led the effort in collaboration with major crypto exchanges Binance and Coinbase. The operation worked alongside law enforcement agencies to trace financial transactions linked to these criminal networks. The joint effort generated more than 14,000 investigative leads to help authorities pursue suspects.

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Crypto & Web3CoinDesk ·

Small 3% Token Swing Causes $36M in Ethereum DeFi Liquidations

A cascading liquidation event on Ethereum's DeFi ecosystem wiped out $36 million in positions following a modest 3% token price movement. A single wallet made large purchases of a yield token, which in turn pushed down the price of its paired principal token. This price decline was sufficient to breach collateral thresholds for multiple borrowers who had used the principal token as backing for their loans. The incident highlights how concentrated buying activity in thinly traded DeFi tokens can trigger outsized consequences across interconnected lending protocols.

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Crypto & Web3CoinDesk ·

Las Vegas Man Convicted for $24M Crypto Ponzi Scheme Disguised as AI Supercomputer

Brent Kovar, a Las Vegas businessman, has been convicted of orchestrating a cryptocurrency Ponzi scheme that defrauded investors of $24 million. Kovar misled victims by falsely presenting the venture as an AI supercomputer-based investment opportunity. At least 400 investors fell prey to the fraudulent scheme. The conviction marks a significant legal outcome in a case involving the misuse of emerging technology buzzwords to attract unsuspecting victims.

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Crypto & Web3CoinDesk ·

Bitcoin Rally Looks Structurally Sound as Short Squeeze Clears Futures Market

Bitcoin has experienced a significant short squeeze, forcing bearish traders who had bet against the price to exit their positions at a loss. Open interest in Bitcoin futures has collapsed as a result, indicating a large number of leveraged short positions have been liquidated. Funding rates, which reflect the cost of holding leveraged positions, have remained subdued throughout the move. Analysts note that falling open interest combined with low funding rates suggests the current rally is built on healthier market foundations rather than excessive speculation.

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