Flare co-founder Hugo Philion has confirmed that the team is exploring a LayerZero Decentralized Verifier Network. His remarks followed a community proposal involving FXRP and the Cardano ecosystem. Philion did not confirm that Flare plans to bring FXRP to Cardano. The discussion remains at an early stage, with no launch date, technical plan or formal
Bitcoin’s latest selloff pushed more than 50% of its circulating supply into an unrealized loss, according to K33 Research. More than 10 million $BTC last moved above current prices after Bitcoin briefly fell below $60,000. The move also took Bitcoin under its 200-week moving average. K33 views the area near $60,000 as a possible cycle
Japanese game company Enish (3667.T) sold off all of its holdings in Bitcoin ($BTC) and booked a loss. It is reportedly turning toward staking in the Solana ecosystem. However, dropping $BTC prices have left some major companies to reconsider their strategy. The company reportedly sold 8.063 $BTC for around 79.27 million Japanese yen ($510,000). The
KB Kookmin Bank has officially become the first South Korean bank to raise $100 million through a blockchain-based dollar bond. The company used HSBC’s Orion digital asset platform for the two-year note. HSBC is acting as the sole lead manager of the deal, as KB Kookmin Bank said it expects to offset some issuance costs
The highly anticipated SpaceX public listing has already created massive excitement across financial markets. Investors have waited years for a chance to gain direct exposure to one of the world’s most valuable private companies. Now ProShares enters the spotlight with a new investment product designed to ride that momentum from day one of trading. ProShares
The crypto industry is entering a new phase where institutions no longer base adoption decisions solely on Bitcoin’s price. Instead, they are evaluating whether the underlying financial infrastructure can support long-term participation. In an exclusive interview with Coinpedia, Joey Garcia, Chief Strategy, Policy, and Regulatory Affairs Officer at Xapo Bank, explained why the industry is
Bitcoin trades at $61,433 on June 10, holding above a support zone that briefly broke on June 5 and 6 as Fidelity Digital Assets flagged that price dipped under the 200-week SMA near $61,800, a level historically tied to forced selling events. Bitcoin Daily Chart: RSI at 23 With Every EMA Pointing Down $BTC Daily
The crypto market faced renewed pressure in May as rising geopolitical risks and weaker investor risk appetite weighed on digital assets, according to Gate Private Wealth Management’s report. While major cryptocurrencies declined during the month, quantitative investment products moved in the opposite direction, with most strategies posting positive returns and limiting losses despite market volatility.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1663.81, down 1.4% (-24.03) since 4 p.m. ET on Tuesday. All of the 20 assets are trading lower. Leaders: CRO (-0.1%) and AAVE (-0.5%). Laggards: NEAR (-4.3%) and BCH
Bitcoin ($BTC) recently fell below $60,000 for the first time since February. Having recovered from that level, $BTC seems to have found support above $60,000. While analysts agree that $60,000 is a turning point for $BTC, analytics firm Matrixport said Bitcoin is facing triple pressure, primarily due to CPI data. According to Matrixport’s analysis, Bitcoin’s