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Crypto & Web3

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Crypto & Web3CoinDesk ·

x402 Foundation Launches to Build Open Payment Standard for AI Agents

The x402 Foundation has been newly established as a neutral, open-source initiative focused on enabling AI programs to transact with one another. The project brings together competing companies and payment providers under a shared framework for AI agentic commerce. Its goal is to develop an open standard that allows autonomous AI agents to pay each other seamlessly across systems. By creating a collaborative space for rivals to cooperate, the foundation aims to lay foundational infrastructure for a machine-driven digital economy.

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Crypto & Web3CoinDesk ·

Bitcoin Retreats to $64,000 from Monthly High Amid Profit-Taking and Geopolitical Tension

Bitcoin pulled back to around $64,000 after briefly reaching a monthly high of $65,500. Traders began taking profits following the recent price surge, contributing to the decline. Fresh Iranian strikes on U.S. bases added to market uncertainty, further pressuring crypto prices. Bears took control of price action, with most tokens declining alongside Bitcoin.

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Crypto & Web3CoinDesk ·

Tether Takes $20M Stake in Argentine Neobank Ualá in Latin America Expansion

Stablecoin giant Tether has made a $20 million investment in Ualá, a prominent Argentine neobank. The move signals Tether's growing interest in expanding its financial footprint across Latin America. Ualá's CEO emphasized that Tether is participating strictly as a financial investor in this deal. Current regional regulations mean there are no immediate plans to integrate Tether's USDT stablecoin into Ualá's platform.

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Crypto & Web3CoinDesk ·

US sanctions four Iran central bank crypto wallets, Tether freezes $131M

The United States government has added four cryptocurrency wallets linked to Iran's central bank to its sanctions list. The wallets, built on the TRON blockchain, collectively held over $165 million at the time of the action. In response, stablecoin issuer Tether moved to freeze approximately $131 million worth of assets contained in those addresses. The sanctions effectively block the flagged funds from being transferred or redeemed. The move reflects ongoing U.S. efforts to use financial tools to restrict Iran's access to digital assets.

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Crypto & Web3CoinDesk ·

ZachXBT Slams Hardware Wallets as Bitcoin Holds Steady Around $65,000

Blockchain investigator ZachXBT publicly criticized hardware wallets, calling them unreliable and dismissing their use for securing crypto assets. Meanwhile, Bitcoin continued to trade steadily in the $65,000 range. The price stability came in the wake of a rate hike announced by South Korea's central bank. The two developments highlighted both security concerns and macroeconomic factors influencing the crypto market.

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Crypto & Web3CoinDesk ·

U.S. Senate unanimously rejects clemency bid for FTX founder Sam Bankman-Fried

The U.S. Senate has unanimously passed a resolution opposing clemency for Sam Bankman-Fried, the convicted founder of collapsed crypto exchange FTX. The nonbinding measure cleared the chamber without any objection. The move came after Bankman-Fried formally requested clemency from the Trump administration. His appeal followed President Trump's decision to pardon other prominent crypto figures, including Binance's Changpeng Zhao and dark web marketplace figure Ross Ulbricht.

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Crypto & Web3CoinDesk ·

Dormant Bitcoin Wallet From 2017 Bull Run Moves $383 Million After Years

A Bitcoin wallet that had been inactive since the 2017 market peak has suddenly transferred approximately $383 million worth of cryptocurrency. The funds were moved to a newly created address rather than being sent to a cryptocurrency exchange. This suggests the owner has not yet sold the holdings, as exchange deposits typically precede a sale. The movement of long-dormant wallets often draws attention in crypto markets as it can signal potential large sell-offs.

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Crypto & Web3CoinDesk ·

Ether Outpaces Bitcoin as ETF Inflows Return, Led by BlackRock

Ether has outperformed Bitcoin in recent trading, posting stronger gains as ETF capital begins flowing back into the market. The rally in Ether has been largely driven by inflows into BlackRock's ETF product. Bitcoin recorded a comparatively modest gain of around 4% over the same period. The move does not reflect a broad crypto market rally, as major altcoins including Solana, TRON, and Hyperliquid all declined during the same stretch.

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Crypto & Web3CoinDesk ·

Bitcoin Nears $65,000 on Soft Inflation Data as Two Investor Groups Sell

Bitcoin surged close to $65,000 after U.S. inflation data came in softer than expected, boosting investor sentiment across risk assets. The cooler inflation figures prompted a notable price bounce for the leading cryptocurrency. However, on-chain data revealed that two distinct groups of Bitcoin investors chose to sell into the rally rather than hold. This selling pressure from these cohorts suggests some market participants are using the price rise as an exit opportunity. The divergence between price momentum and on-chain behavior signals a cautious undercurrent despite the headline gains.

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Crypto & Web3CoinDesk ·

Coinbase's Jesse Pollak hands Base app leadership to Cobie after strategy setback

Jesse Pollak, a key figure at Coinbase, is stepping back from his leadership role overseeing the Base app. Pollak acknowledged that his crypto social strategy had not succeeded as intended. He announced that Jordan Fish, widely known online as 'Cobie,' will take over leadership of the Base app team. The transition marks a notable shift in direction for the Base project under new management.

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Crypto & Web3CoinDesk ·

DTCC Executes First Live Trades Using Tokenized Securities on Blockchain

The Depository Trust and Clearing Corporation (DTCC) has completed its first live production trades involving tokenized securities, marking a significant milestone for Wall Street's blockchain ambitions. The move signals a shift from experimentation to real-world application of distributed ledger technology in mainstream financial infrastructure. DTCC, which processes trillions of dollars in securities transactions annually, is among the most influential post-trade institutions in the United States. The development suggests that blockchain-based settlement and trading systems are moving closer to practical adoption within traditional finance.

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Crypto & Web3CoinDesk ·

Cantor and Securitize Team Up to Bring IPOs Onto the Blockchain

Financial firm Cantor and tokenization platform Securitize have announced a collaboration aimed at enabling blockchain-based initial public offerings. The partnership is designed to allow public companies to raise capital directly on-chain. It also opens the door for the issuance of tokenized securities through blockchain infrastructure. The initiative represents a significant step toward integrating traditional capital markets with decentralized technology.

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Crypto & Web3CoinDesk ·

DeFi Protocol Ostium Loses $18M in Oracle Manipulation Attack

Decentralized finance protocol Ostium suffered an $18 million exploit when a hacker manipulated its price-reporting infrastructure. The attacker submitted falsified future-dated oracle data to the platform, artificially creating the appearance of profitable trades. This tricked the protocol into paying out $18 million in fraudulent gains. The incident is part of a continuing wave of oracle-based attacks targeting DeFi protocols.

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Crypto & Web3CoinDesk ·

Age Verification for Kids Online Raises Long-Standing Privacy Concerns

Cardano Foundation CEO Frederik Gregaard argues that the privacy risks of online age verification are not hypothetical but have been playing out for years. The debate centers on how platforms can protect minors online without compromising user privacy. Age verification systems typically require users to submit personal data, creating potential vulnerabilities for misuse or data breaches. Gregaard's perspective highlights the tension between child safety regulations and the right to anonymous or private internet use. The issue remains a critical challenge for policymakers and tech platforms seeking to balance protection with privacy.

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Crypto & Web3CoinDesk ·

Solana Outperforms Ether as Portfolio Diversifier, Says Morgan Stanley Analyst

Morgan Stanley analyst Denny Galindo argues that Solana has historically served as a better portfolio diversifier than Ether in the expanding crypto market. The analysis was published in this week's edition of CoinDesk's Crypto Long & Short newsletter. Galindo acknowledges that Solana carries greater volatility compared to Ether, yet still rates it more favorably for diversification purposes. The findings add to ongoing debate among investors about optimal asset allocation within cryptocurrency portfolios.

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Crypto & Web3CoinDesk ·

White House meeting planned to resolve disputed ethics clause in crypto bill

A high-level White House meeting is reportedly being organized to address an unresolved ethics provision within the Clarity Act, a crypto market structure bill. The ethics section has emerged as the most contentious element of the legislation. The meeting is expected to involve senior administration officials tasked with finding a resolution. This comes in the final weeks of the Senate's available legislative window to advance the bill.

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Crypto & Web3CoinDesk ·

South Korea to classify crypto as national assets under revised 76-year-old law

South Korea is planning to amend a law that has been in place for 76 years in order to formally classify cryptocurrencies as national assets. The move signals a significant shift in how the government legally recognizes and treats digital assets. Alongside this legislative change, authorities have reaffirmed plans to pilot tokenized government bonds in the coming year. The government is also exploring the possibility of tokenizing state-owned real estate as part of its broader digital asset strategy.

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Crypto & Web3CoinDesk ·

CoinShares: OpenUSD Stablecoin Could Seriously Undercut Circle's USDC Revenue

A new stablecoin called OpenUSD, backed by a consortium of partners, poses a significant competitive threat to Circle's USDC, according to research firm CoinShares. Unlike USDC, OpenUSD is designed to distribute reserve income among its consortium partners rather than keeping it with the issuer. This revenue-sharing model could squeeze Circle's profit margins considerably if OpenUSD launches as anticipated in 2026. The development highlights growing competition in the stablecoin market, where reserve income has been a key source of revenue for issuers like Circle.

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Crypto & Web3CoinDesk ·

BlackRock Crypto Holdings Drop 39% Despite $15B in Net Inflows

BlackRock's digital asset funds recorded $15 billion in net inflows over the past year, reflecting strong investor interest in crypto products. However, the total value of those holdings fell sharply by 39% during the same period. The decline was driven primarily by falling cryptocurrency prices rather than investor withdrawals. This highlights how market volatility can erode asset values even when capital continues to flow into a fund.

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