The stablecoin market is witnessing a remarkable surge. Billions of fresh capital are potentially setting the stage for increased trading activity and asset appreciation. USDT and USDC’s combined growth means investors are positioning for further upside across the crypto market. Billions in Fiat Pour Tether’s USDT saw its market cap climb from $120 billion before
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. South Korea’s decision to shelve its central bank digital currency pilot
Ice Open Network (ION) has announced a strategic integration with BOB, a hybrid blockchain project aiming to become the “Gateway to Bitcoin DeFi.” The partnership will see the introduction of the BOB infrastructure that is a hybrid between Bitcoin and Ethereum into the Ice Open Network Online+ ecosystem, finally bringing new possibilities to developers, projects,
Bitcoin prices rallied on Wednesday, August 11, reaching a fresh, all-time high above $124,000. The world’s most valuable digital currency had climbed to roughly $124,380 around 8:30 p.m. EST, according to Coinbase data from TradingView. Interestingly enough, ether, the second-most valuable cryptocurrency, was also in the green, rising to more than $4,750, less than $150
Bitcoin hit a new record high price on Wednesday, and Ethereum may be poised to do the same very soon. But as ETH treasury firms’ stocks have surged on the recent market momentum, shares of at least one of their BTC counterparts are trending in the opposite direction. Lixte Biotechnology’s stock (LIXT) finished the day
Brazil’s Central Bank is abandoning the blockchain component of Drex, its ambitious central bank digital currency project. The surprise decision was announced at the Blockchain Rio conference in Rio de Janeiro last week, marking a significant course correct for the Hyperledger Besu-based project that was once heralded as the vehicle for tokenizing the country’s financial
Bitcoin’s price climbed above $123,000 today, according to data from Bitcoin Magazine Pro, putting it just shy of breaking its current all-time high of $123,180 set on July 14, 2025. The move comes amid surging institutional interest, record corporate holdings, and growing national-level profits from BTC adoption. JUST IN: $123,000 Bitcoin pic.twitter.com/jKYgPK0wIS — Bitcoin Magazine
In a stunning reversal, President Donald Trump who once called Bitcoin a “scam” has delivered one of his most direct endorsements of cryptocurrency yet. He is now calling the traditional financial system “broken” and arguing that digital assets offer a “solution.” This dramatic change of heart coincides with a flurry of pro-crypto policy actions and
Federal prosecutors in New York are pursuing fraud charges against the former CEO of a crypto-powered casino, claiming the 39-year-old gambled away investors’ cash. The U.S. Justice Department recently charged former Zero Edge CEO Richard Kim with securities and wire fraud for allegedly diverting $3.8 million worth of seed round funding to himself for personal
Blockstream CEO Adam Back, who has occasionally made headlines with allegations of being Satoshi Nakamoto, made remarkable assessments on Bitcoin’s current market cycle. In his social media post, Back reminded that the previous halving cycle began in May 2020 and concluded with a peak of $73.7,000 in March 2024. Back noted that the current cycle