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Crypto & Web3CoinDesk ·

Metaplanet moves 3,881 BTC internally; no sale despite $1.4B paper loss

Japanese treasury firm Metaplanet transferred 3,881 Bitcoin between its own wallets, blockchain data has confirmed. The move was an internal transfer and did not involve sending funds to any exchange. As a result, the transaction does not constitute a sale of the company's Bitcoin holdings. Metaplanet currently sits on an unrealized paper loss of approximately $1.4 billion on its Bitcoin position, with BTC trading around $63,600.

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Crypto & Web3CoinDesk ·

Crypto.com launches tokenized stock derivatives amid 600% market surge

Crypto.com has introduced tokenized stock derivatives, entering a rapidly expanding market that has grown 600% over the past year. The products allow users to gain price exposure to stocks without actually owning the underlying shares. The move reflects a broader trend of cryptocurrency exchanges expanding into equity-linked financial instruments. Crypto.com joins other crypto platforms that have been pushing into stock markets through tokenized offerings.

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Crypto & Web3CoinDesk ·

Bitcoin and Ether Traders Brace for Pivotal US CPI Data Release

Bitcoin and ether are trading within a narrow price range as markets await the upcoming US Consumer Price Index (CPI) report. The CPI release is considered a binary event, meaning it could trigger a significant move in either direction for crypto assets. Experienced traders are actively adjusting their positions in anticipation of the data. The report is widely viewed as a key macroeconomic indicator that could influence sentiment across digital asset markets.

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Crypto & Web3CoinDesk ·

Harmony's ONE Token Drops 26% After Attacker Allegedly Mints 4 Billion Tokens

Blockchain project Harmony suffered a major security incident in which an attacker allegedly minted 4 billion ONE tokens without authorization. The exploit caused the value of the ONE token to plummet by approximately 26%. Harmony became aware of the breach and issued a response during Asian morning hours. The team said it is coordinating with cryptocurrency exchanges in an effort to freeze the illicitly obtained funds. Harmony is also working on a software patch to address the underlying vulnerability.

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Crypto & Web3CoinDesk ·

XRP Cross-Chain Bridge Loses $200K After Fake Deposit Exploit

A cross-chain XRP bridge was drained of $200,000 following a sophisticated attack that exploited a software flaw. The attacker minted unbacked XRP tokens on a separate blockchain and tricked the bridge's system into treating them as legitimate deposits. This allowed the bad actor to swap the fake tokens for real XRP held in the bridge's reserves. The bridge operator has since suspended operations to prevent further losses. A complaint has been filed with the FBI as authorities begin investigating the incident.

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Crypto & Web3CoinDesk ·

Bitcoin Treads Water Ahead of Key U.S. Inflation Data

Bitcoin has remained range-bound in recent weeks as steady inflows into spot ETFs have largely offset selling pressure in the market. The prolonged sideways movement has significantly dampened volatility across the cryptocurrency. Analysts are now watching Wednesday's U.S. inflation report as the next major potential catalyst for a decisive price move. A stronger or weaker-than-expected reading could tip the balance between buyers and sellers and break Bitcoin out of its current trading range.

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Crypto & Web3CoinDesk ·

CFTC Orders Kalshi to Keep Operating Prediction Markets in New York

The Commodity Futures Trading Commission (CFTC) has directed Kalshi to continue offering its prediction markets in New York despite an ongoing legal challenge. New York state filed a lawsuit against Kalshi last month seeking to block the platform from running sports-related prediction markets. The federal regulator's order effectively pushes back against the state's attempt to shut down Kalshi's operations. The development highlights a jurisdictional tension between state authorities and federal oversight of prediction market platforms.

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Crypto & Web3CoinDesk ·

Itaú Unibanco Partners With OpenAssets to Pilot Tokenized Bonds and Funds in Brazil

Brazil's largest bank, Itaú Unibanco, has announced a partnership with tokenization firm OpenAssets to explore digital asset capabilities. The collaboration involves testing tokenized bonds and investment funds as part of a structured pilot program. The initiative is being overseen by ANBIMA, Brazil's financial industry regulatory body. The move signals Itaú's growing commitment to integrating blockchain-based financial instruments into its operations.

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Crypto & Web3CoinDesk ·

eToro Posts Q2 Crypto Revenue Drop Despite Overall Profit Beating Forecasts

Trading platform eToro reported a decline in gross crypto revenue to $1.35 billion in the second quarter. Despite the crypto segment underperforming, the company's total profit surpassed analyst estimates. eToro also announced a deal to acquire U.S. brokerage firm TradeZero for up to $231 million. The acquisition signals eToro's intent to expand its footprint in the American brokerage market.

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Crypto & Web3CoinDesk ·

Three Democratic Women Could Shape Future Crypto Legislation in Congress

A group of three Democratic congresswomen is poised to play a significant role in shaping future cryptocurrency legislation on Capitol Hill. The lawmakers are already familiar figures in congressional debates around digital assets. Their influence could grow if crypto regulation returns to the legislative drawing board for further deliberation. All three are known for viewing digital assets with considerable skepticism and distrust. Their positions suggest any revised crypto legislation could face a more critical Democratic lens.

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Crypto & Web3CoinDesk ·

Erebor Bank Seeks $1.5B Raise at $9.5B Valuation Amid Rapid Deposit Growth

Crypto-friendly bank Erebor is in talks to raise $1.5 billion in funding at a valuation of $9.5 billion, according to the Financial Times. The bank has seen remarkable deposit growth, climbing from $1.1 billion in March to $4.6 billion by July 2025. This surge was driven primarily by clients operating in the cryptocurrency, artificial intelligence, and defense sectors. The fundraising discussions signal growing investor confidence in banks catering to emerging technology industries.

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Crypto & Web3CoinDesk ·

Blockchain Startups Aim to Digitize Pokémon Card Trading in Billion-Dollar Market

The trading card collectibles market has grown into a multibillion-dollar industry, with collectors spending millions on physical cards like Pokémon. Blockchain startups are now attempting to tokenize these physical cards, converting them into tradable digital assets on the blockchain. The core challenge these startups face is building sufficient market liquidity to compete with established trading card marketplaces. Without enough buyers and sellers, digital card platforms struggle to match the depth and efficiency of existing platforms.

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Crypto & Web3CoinDesk ·

MoneyGram Brings Crypto-to-Cash Conversion to Solana's Global Users

MoneyGram has expanded its services to the Solana blockchain, enabling users to convert between cryptocurrencies and local currencies. The integration allows Solana-based wallets and applications to access MoneyGram's established global financial network. This move bridges decentralized digital assets with traditional cash infrastructure across multiple countries. The expansion is aimed at making crypto more accessible and practical for everyday financial transactions worldwide.

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Crypto & Web3CoinDesk ·

Australia suspends Cryptolink, taking 96 crypto ATMs offline

Australian financial regulators have suspended Cryptolink, a cryptocurrency ATM operator, forcing all 96 of its machines out of service. The watchdog cited the company's failure to submit required transaction reports as a key reason for the action. Cryptolink also failed to respond to an official information request from the regulator, further prompting the suspension. The move reflects growing regulatory scrutiny of crypto ATM operators over compliance and transparency obligations.

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Crypto & Web3CoinDesk ·

Ravencoin faces potential four-day transaction rollback after critical blockchain flaw

Ravencoin, a proof-of-work cryptocurrency, is facing a significant network disruption after a critical invalid block was produced on Friday. Two dominant mining pools, which together control the majority of the network's hashpower, are now constructing an alternative chain from before the faulty block appeared. This effort could effectively erase up to four days of transaction history on the network. As a result, deposits, withdrawals, and payments processed since Friday are at risk of being reversed. The incident highlights ongoing vulnerabilities in blockchain networks when a small number of mining entities hold outsized control over hashpower.

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Crypto & Web3CoinDesk ·

Coinbase Gets Abu Dhabi Approval to Launch Global Tokenized Securities Hub

Coinbase has received regulatory approval to offer tokenized securities from Abu Dhabi, marking a significant step in its global digital asset expansion. The crypto exchange will use the emirate as a base for its push into tokenized assets. Abu Dhabi has been actively positioning itself as a hub for blockchain and onchain finance. The move aligns with the emirate's broader strategy to attract major crypto and fintech players to the region.

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Crypto & Web3CoinDesk ·

What 1960s–90s Market History Teaches Us About Bitcoin vs Stocks Today

A market analysis published on August 11, 2026 by CoinDesk examines historical parallels between current bitcoin and equity dynamics and the financial environment of the 1960s through 1990s. The piece focuses on periods when safe assets offered strong competition to riskier investments, drawing lessons relevant to today's bitcoin and stock market conditions. The analysis suggests that understanding how investors historically shifted between safe and risk assets can inform expectations for modern digital and equity markets. The core argument is that when safe assets yield attractive returns, capital tends to migrate away from higher-risk instruments like stocks and, by extension, bitcoin.

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Crypto & Web3CoinDesk ·

Public Companies Turn to Bitcoin-Backed Loans to Fund Growth Without Selling

Public companies are increasingly using their bitcoin holdings as collateral to secure loans, allowing them to raise capital without liquidating the asset. This approach is being used to finance acquisitions and capital expenditures while retaining exposure to bitcoin. The trend signals a maturation of bitcoin-backed lending into a more institutionally accepted financial practice. According to Two Prime, this shift marks bitcoin-collateralized borrowing entering a new institutional era.

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Crypto & Web3CoinDesk ·

Bitcoin Stalls Below $65K as Hormuz Ceasefire Hopes Fade Before CPI Data

Bitcoin remained stuck below $65,000 as a brief market rally tied to hopes of reduced tensions in the Strait of Hormuz quickly fell apart. The optimism faded after former President Donald Trump demanded 50 years of compensation from Iran, effectively ending the so-called relief trade. Oil prices rebounded to $89 per barrel following the breakdown in diplomatic expectations. Both cryptocurrency and equity markets were left largely unchanged as investors braced for an upcoming Consumer Price Index report. XRP also came under pressure, hovering close to falling below the $1 mark amid the broader uncertainty.

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