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Crypto & Web3

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Crypto & Web3CoinDesk ·

Trader HODLs $1.14M EUR/USD forex position for over 400 days on Ostium

A crypto trader on decentralized platform Ostium has maintained a $1.14 million long position in EUR/USD perpetual futures for over 400 days. The trader has applied the bitcoin-derived 'HODL' strategy — holding through market fluctuations rather than actively trading — to a traditional forex pair. The EUR/USD position involves perpetual futures, a derivative instrument common in crypto markets but less conventional in forex trading. The move highlights a growing crossover between crypto trading philosophies and traditional financial markets.

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Crypto & Web3CoinDesk ·

Sony Bank's US Subsidiary Gets Conditional Nod to Launch Stablecoin Trust Bank

Sony Bank's New York-based subsidiary has received conditional approval to establish a stablecoin trust bank in the United States. The entity is wholly owned by Sony Bank and will be funded with $40 million in initial capital. The approval marks a significant step for Sony's entry into the regulated digital assets space. The capitalized subsidiary is expected to support the company's forthcoming stablecoin business operations.

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Crypto & Web3CoinDesk ·

Major AI IPOs Poised to Pull Billions Away From Crypto Markets

A series of high-profile artificial intelligence companies are preparing for major stock market listings, attracting significant investor capital globally. This surge in AI-focused investment activity is reinforcing an ongoing rotation of funds away from cryptocurrency markets. The anticipated IPOs are expected to draw billions of dollars from investors who might otherwise consider digital assets. The trend highlights growing competition between the AI and crypto sectors for institutional and retail investor attention.

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Crypto & Web3CoinDesk ·

Bitcoin Exchange Reserves Hit 2017 Low, But Bullish Signal May Be Weaker Now

Blockchain analytics firm Santiment has reported that Bitcoin's available supply on exchanges has fallen to its lowest level since 2017, while Ether's exchange supply has dropped to levels last seen in 2015. Declining exchange reserves have historically been viewed as a bullish indicator, as less supply on exchanges typically suggests reduced selling pressure. However, Santiment cautioned that low exchange reserves no longer guarantee an upward price movement on their own. The firm noted that while this supply dynamic helps lay the groundwork for a potential crypto bull cycle, it is not a standalone trigger for a price rally.

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Crypto & Web3CoinDesk ·

US Bitcoin ETFs Post $84M Outflow, Breaking Three-Day Inflow Streak

US spot bitcoin ETFs recorded a net outflow of $84 million on Wednesday, reversing a three-day streak of positive inflows. The prior three-day run had attracted approximately $509 million into bitcoin funds. In contrast, spot ether ETFs continued their own inflow streak, extending gains for another session. The divergence highlights shifting investor sentiment between the two leading cryptocurrency ETF products.

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Crypto & Web3CoinDesk ·

Ex-BOJ Official Warns Japan May Accelerate Rate Hikes Beyond 2%

A former Bank of Japan official has cautioned that the central bank could fast-track its interest rate increases. The warning comes as the Japanese yen continues to weaken against the US dollar. The ex-official suggested borrowing costs could potentially rise above the 2% mark. Such a move would represent a significant shift in Japan's historically ultra-loose monetary policy stance.

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Crypto & Web3CoinDesk ·

Trader turns $800 into $1M on Robinhood's new blockchain via memecoin

A trader reportedly converted $800 into over $1 million using a memecoin called CASHCAT on Robinhood's newly launched blockchain. Robinhood's blockchain went live on July 1, designed to bring stock trading onchain. CASHCAT is named after a mascot that Robinhood previously retired. The token has become the first major breakout asset on the new chain, drawing significant attention from speculative traders.

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Crypto & Web3CoinDesk ·

XRP steadies above $1 support as analysts monitor key chart patterns

XRP has managed to hold above the $1.00–$1.05 support zone, signaling resilience at a critical price level. However, the cryptocurrency continues to face resistance on its near-term chart, limiting upward momentum. Analysts are closely watching larger technical formations, including wedge and channel patterns, for signs of a potential breakout. Traders remain cautious as XRP hovers near $1.10 while awaiting a clearer directional signal from the charts.

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Crypto & Web3CoinDesk ·

Bitcoin Holds Steady, Gold Drops as US-Iran Tensions Rise

Bitcoin and ether remained relatively stable amid renewed escalation in US-Iran geopolitical tensions. Oil prices rose for a third consecutive day, reflecting heightened concern over potential supply disruptions in the region. Gold, often considered a safe-haven asset, bucked expectations by falling for a fourth straight day. Bitcoin recorded a modest weekly gain of 1.6%, suggesting some investor interest in crypto during the period of uncertainty.

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Crypto & Web3CoinDesk ·

Polymarket Launches U.S. Marketing Push to Rebuild Trust After Four-Year Ban

Prediction market platform Polymarket is undertaking a major U.S. marketing campaign aimed at restoring its credibility following a four-year regulatory ban. The company's head of U.S. operations confirmed that the business is actively working to legitimize itself after prolonged legal scrutiny. The push signals Polymarket's intent to re-establish a strong presence in the American market. The effort reflects a broader strategy to rebuild consumer and regulatory trust in its platform.

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Crypto & Web3CoinDesk ·

FalconX Analyst Says Bitcoin Nearing Market Bottom, Turnaround Expected

FalconX's Gaspar Martin has shared his latest market outlook in CoinDesk's weekly Crypto Long & Short column. Martin argues that Bitcoin is approaching a market bottom and is positioned for a potential price turnaround. His analysis comes amid recent concerns surrounding MicroStrategy (MSTR), which he suggests have now been largely addressed. Martin points to traditional market signals as key indicators supporting his bullish outlook on Bitcoin.

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Crypto & Web3CoinDesk ·

Paradigm Raises $1.2B Fund to Back AI and Robotics Beyond Crypto

Crypto-focused venture capital firm Paradigm has launched a new $1.2 billion fund targeting artificial intelligence and robotics startups. The move marks a significant expansion of the firm's investment strategy beyond its traditional focus on digital assets. Despite the pivot, Paradigm's leadership has affirmed that the firm remains committed to its core cryptocurrency investments. The new fund signals growing interest among crypto-native investors in broader emerging technology sectors.

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Crypto & Web3CoinDesk ·

Dinari and tZERO partner to launch tokenized US equities platform

Blockchain finance firms Dinari and tZERO have announced a partnership to build a turnkey platform for tokenized US equities. The collaboration aims to provide ready-to-deploy infrastructure for trading blockchain-based stocks. The deal arrives amid growing industry competition to establish the foundational systems for tokenized securities. Companies in the sector are also actively debating the technical and regulatory standards that should govern how tokenized stocks operate.

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Crypto & Web3CoinDesk ·

Adam Back's BSTR Abandons SPAC Merger with Cantor Equity Partners

BSTR, the company led by cryptographer Adam Back, has called off its planned merger with Cantor Equity Partners. The two firms had originally entered into a merger agreement in July 2025, but the deal will no longer proceed under those terms. A shareholder vote related to the transaction has been postponed indefinitely. BSTR is now reportedly seeking an alternative deal to move forward with its plans.

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Crypto & Web3CoinDesk ·

BNB Chain Develops New Layer-1 Blockchain Targeting High-Frequency Trading and AI

BNB Chain is developing a new layer-1 blockchain designed specifically for high-frequency trading and AI agent activity. The network is engineered to handle more than 100,000 transactions per second. To achieve this speed, the system will stream transactions directly rather than routing them through public queues. This approach is intended to make trades both faster and more secure for users.

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Crypto & Web3CoinDesk ·

Citadel drops US lawsuit against Portofino after winning UK arbitration award

Citadel has voluntarily dismissed its U.S. trade secrets lawsuit against Portofino, citing concerns that a second judgment would likely go uncollected. The decision follows Citadel's successful 6 million-pound arbitration victory in London. Rather than pursuing parallel legal action in the United States, Citadel is now seeking a bankruptcy order in the UK against Portofino's founder. The move signals a shift in Citadel's legal strategy toward enforcing its existing UK award rather than obtaining a redundant U.S. ruling.

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Crypto & Web3CoinDesk ·

SpaceX Moves Small Bitcoin Amount Internally, No Exchange Sales Detected

Onchain analysts observed SpaceX moving a small quantity of bitcoin between its own wallet addresses for the first time in roughly six months. The transfers were internal and did not involve sending funds to any cryptocurrency exchange. This suggests the activity was likely routine wallet management rather than preparation for a sale. Analysts say there is no indication SpaceX is liquidating any portion of its bitcoin holdings.

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Crypto & Web3CoinDesk ·

Bitcoin and Stocks Drop After Trump Declares Iran Ceasefire Over

Cryptocurrency and equity markets fell sharply after President Donald Trump announced that the ceasefire with Iran was "over." The statement came amid an exchange of airstrikes between the United States and Iran. Bitcoin led the crypto decline, with altcoins also sliding in response to the escalating tensions. The geopolitical uncertainty triggered a broad risk-off sentiment across financial markets.

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Crypto & Web3CoinDesk ·

RBI Maintains Pro-Ban Stance on Crypto Citing Tax Evasion Concerns

The Reserve Bank of India continues to advocate for an outright ban on cryptocurrencies, according to a Reuters report. The central bank's primary concern remains the potential for digital assets to facilitate tax evasion. This position persists even as governments and regulators across the world are increasingly embracing crypto and blockchain technology. India's regulatory stance stands in contrast to the broader global trend of institutional and governmental adoption of digital assets.

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