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Crypto & Web3CoinDesk ·

Bitcoin Tops $68,000 as Treasury Bond Buybacks Fuel Crypto Rally

Bitcoin surged approximately 6% to cross the $68,000 mark following a boost in investor risk appetite. The rally was triggered after the U.S. Treasury doubled the size of its bond buyback program. The move prompted a broader crypto market uptick, with Ethereum, Solana, and crypto-related stocks also climbing. The sharp price rise led to roughly $1.4 billion in short positions being liquidated across the market.

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Crypto & Web3CoinDesk ·

Bitcoin Approaches Technical Pattern That Analysts Say Could Push Price to $76,000

Bitcoin is nearing a key technical formation that market analysts believe could trigger a significant price rally. If the pattern completes, some analysts project prices could climb as high as $76,000. The development is being closely watched by traders and technical analysts in the cryptocurrency market. No specific timeline has been given for when the pattern might fully form or the price target could be reached.

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Crypto & Web3CoinDesk ·

Coinbase, Circle, Bullish stocks surge ahead of crypto Clarity Act vote

Shares of major crypto firms Coinbase (COIN), Bullish (BLSH), and Circle (CRCL) saw significant gains on Monday. COIN and BLSH each rose approximately 8%, while CRCL climbed nearly 10%. The rally came ahead of a key procedural vote on the Clarity Act scheduled for September 15. Supporters of the bill expressed optimism about its prospects, boosting investor sentiment across the sector.

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Crypto & Web3CoinDesk ·

Fidelity Digital Assets: AI may boost crypto activity but bypass blockchain value

Fidelity Digital Assets has warned that while AI agents could significantly increase activity in the cryptocurrency space, much of the resulting value may not flow through blockchains or their tokens. The firm suggests that AI's integration with crypto could drive greater transaction volumes and automation. However, the underlying blockchain infrastructure and token ecosystems may not directly capture the economic benefits generated. This presents a key challenge for investors and developers banking on AI as a catalyst for token value appreciation.

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Crypto & Web3CoinDesk ·

DeFi Yields Quietly Collapsed This Spring, Not Just Hacks, Analyst Warns

Solstice Finance's David Plisek argues that the bulk of losses in decentralized finance this spring stemmed from yield strategies that silently broke down rather than from hacking incidents. Writing in CoinDesk's Crypto Long & Short newsletter, Plisek examined April's $13 billion DeFi drawdown to make his case. He contends that a headline yield figure tells investors little about how a strategy will perform under market stress. To address this, he outlined four key questions that capital allocators should ask before committing funds to any DeFi yield product.

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Crypto & Web3CoinDesk ·

HSBC and Standard Chartered complete first live transaction on Swift's 24/7 ledger

HSBC and Standard Chartered have successfully executed the first live cross-border banking transaction on Swift's new round-the-clock settlement ledger. The transaction marks a significant milestone in Swift's ongoing pilot project aimed at modernizing its payment infrastructure. Swift is testing continuous settlement capabilities as it seeks to stay competitive in a rapidly evolving financial landscape. The initiative comes as stablecoins and tokenized deposits gain increasing global adoption, posing a challenge to traditional payment networks. Swift's move signals the organization's intent to adapt its systems to meet the demands of a digitally driven financial ecosystem.

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Crypto & Web3CoinDesk ·

Cantor Fitzgerald opens Kalshi prediction market access to 3,000 institutional clients

Cantor Fitzgerald has partnered with prediction market platform Kalshi to extend access to its institutional client base. The investment bank will facilitate large block trades in event contracts for approximately 3,000 institutional clients. The move marks a significant expansion of prediction market participation at the institutional level. By leveraging Cantor's established client network, Kalshi gains a major distribution channel into professional financial markets.

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Crypto & Web3CoinDesk ·

Ethena Secures $1B FalconX Credit Facility to Diversify USDe Backing

Ethena has established a $1 billion warehouse credit facility with FalconX to broaden the backing sources for its USDe stablecoin. The deal moves beyond Ethena's traditional reliance on crypto funding rates as a yield mechanism. The facility will channel on-chain capital into overcollateralized institutional loans, creating an additional stream of returns. This diversification aims to strengthen the stability and revenue base underpinning USDe.

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Crypto & Web3CoinDesk ·

ABA Chief Urges Strengthening, Not Scrapping, Crypto Clarity Act

The American Bankers Association (ABA) is calling for improvements to the Clarity Act rather than its elimination. ABA president and CEO Rob Nichols made this position clear in a recent statement. The organization supports the legislation's goals but believes it needs to be made more robust. Nichols argued that refining the act would better serve the interests of the banking sector and the broader financial system.

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Crypto & Web3CoinDesk ·

VanEck: Bitcoin Shows 8 of 12 Capitulation Signals, But Bottom May Not Be In

Asset manager VanEck has identified eight out of twelve capitulation signals currently flashing for Bitcoin, suggesting the market is under significant stress. However, the firm cautions that these conditions do not confirm a market bottom has been reached. Historical data shows that similar market setups have typically led to below-average Bitcoin returns over both 90-day and 180-day periods. Investors are being warned that further downside may still be possible despite the elevated number of distress indicators.

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Crypto & Web3CoinDesk ·

Bybit credits AI tools with saving $700M, one year after $1.46B hack

Crypto exchange Bybit has reported that artificial intelligence helped it recover and protect approximately $700 million in the year following a massive $1.46 billion security breach. The hack, attributed to North Korean cybercriminals, remains one of the largest thefts in cryptocurrency history. Bybit is now the first major centralized exchange to quantify AI's financial impact on its recovery and security operations. The claim aligns with broader assertions bitcoin developers have been making about AI's role in strengthening crypto security.

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Crypto & Web3CoinDesk ·

China expands digital yuan network with 20 new operators added in 2026

The People's Bank of China has significantly expanded its digital yuan infrastructure in 2026, adding 20 new operators across two separate rounds of expansion. Eight of these new participants joined the e-CNY network this week alone. The additions represent a tripling of the CBDC's operator network, signaling an accelerated push by Chinese authorities to broaden adoption of the digital currency. The expansion reflects China's continued commitment to developing one of the world's most advanced central bank digital currency systems.

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Crypto & Web3CoinDesk ·

Bitcoin Holds Tight Range as Global Bond Yields Surge to Multi-Decade Highs

Bitcoin has remained confined to a narrow trading range for approximately six weeks, with its volatility falling to multi-year lows. Rising global bond yields, particularly U.S. Treasury yields, have been unsettling equity markets during this period. Traders appear to be in a wait-and-see mode ahead of the release of the Federal Reserve's July meeting minutes. Investors are closely watching the minutes for signals on the future direction of interest rates. The combination of macro uncertainty and reduced crypto volatility has left Bitcoin largely directionless for now.

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Crypto & Web3CoinDesk ·

TikTok Code Reveals Peer-to-Peer Payment Feature in Development

TikTok has been found to have code within its app that points to a peer-to-peer payment feature built into its messaging system, according to a Bloomberg report. The discovery suggests the social media platform is exploring deeper integration of financial transactions for its users. A TikTok spokesperson confirmed the feature exists in the code but clarified that it is not currently being tested in any market. This development follows earlier steps TikTok has already taken toward enabling financial transactions on its platform.

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Crypto & Web3CoinDesk ·

Ripple Raises $275M in Senior Notes to Expand Prime Brokerage Services

Ripple has raised $275 million through its first-ever issuance of senior notes under its Ripple Prime division. The notes received an investment grade rating, signaling strong creditworthiness in the eyes of financial markets. The offering attracted participation from institutional investors across multiple key financial markets. The capital raise is aimed at advancing Ripple's push into prime brokerage services. This move marks a significant step in Ripple's broader strategy to deepen its presence in institutional finance.

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Crypto & Web3CoinDesk ·

OpenAI Pauses Frontier AI Training Amid Deepening Losses and Rising Competition

OpenAI is facing mounting financial pressure as its losses continue to widen, while competition in the AI sector intensifies. The company has temporarily halted frontier reinforcement-learning training as it works to bolster its safety controls. CEO Sam Altman's decision to pause this advanced training comes at a time when rival Anthropic is pulling ahead. The developments highlight the growing challenges OpenAI faces in balancing rapid AI development with responsible safety practices.

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Crypto & Web3CoinDesk ·

Bitcoin Holds Above $64,000 as Treasury Yields Pull Back From Decade Highs

Bitcoin continued to trade above $64,000 amid shifting conditions in global financial markets. U.S. Treasury yields retreated after reaching some of their highest levels in decades. Meanwhile, oil prices moved higher, adding another variable to the broader market picture. South Korea's Kospi index saw a sharp decline of around 6%, reflecting turbulence in Asian equity markets. The diverging movements across asset classes highlight ongoing uncertainty in global economic conditions.

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Crypto & Web3CoinDesk ·

Maya Protocol loses $11M in crypto after six-flaw exploit hits liquidity pools

Cross-chain trading network Maya Protocol suffered a significant security breach that drained approximately $11 million worth of bitcoin and other crypto assets from its liquidity pools. The attack was made possible by a chain of six separate vulnerabilities within the protocol's system. These flaws allowed an attacker to have a pool falsely credited with nearly 50 million tokens that were never actually funded. The exploiter then used these improperly credited tokens to drain real assets from the network. The incident highlights ongoing security risks facing decentralized cross-chain trading platforms.

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Crypto & Web3CoinDesk ·

Unitree Robotics IPO Surges 600% on Shanghai Debut, Beats Crypto Premarket Bets

Chinese robot maker Unitree saw its stock surge approximately 600% on its first day of trading on the Shanghai stock exchange. Prior to the IPO, crypto traders on the Hyperliquid perpetuals platform had priced Unitree significantly above its official IPO valuation. Despite those elevated expectations, Unitree's actual opening trade still came in around 75% higher than the price implied by crypto market participants. The strong debut highlights intense investor appetite for humanoid robotics companies. It also underscores how crypto derivatives markets are increasingly being used to speculate on traditional equity listings before they begin trading.

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