Author: Journalist

Nasdaq-listed crypto exchange Coinbase’s Layer 2 scaling solution, Base, has gone from being the leader in 2024 in terms of capital inflows through cross-chain bridges to the top loser this year. Data from the Artemis Terminal shows Base has seen a net outflow of $4.3 billion this year, a stark contrast to the net inflow of $3.8 billion in 2024, which was the highest among the top 20 blockchains.Meanwhile, Ethereum, the world’s largest smart contract blockchain, has registered a net inflow of $8.5 billion this year, compared to a net outflow of $7.4 billion in the previous year.Top chains by…

Welcome to CoinDesk’s weekly macro column, where analyst Omkar Godbole writes about his macro observations and analysis in the broader markets. The views expressed in this column aren’t investment advice.A major currency pair, which is barely considered volatile, is now rivaling notoriously explosive bitcoin’s price performance—unimaginable, right?Not anymore.In June, EUR/USD, the most liquid FX pair in the world, rose nearly 4% to 1.1786, outperforming bitcoin’s 2.4% gain. Remarkably, both assets are nearly neck and neck in year-to-date performance, each up over 13%.Some observers believe EUR/USD still has room to run higher, a positive sign for EUR-pegged stablecoins, which have already…

Financial derivatives provider Eightcap is now offering a contract for difference (CFD) based on the CoinDesk 20 Index (CD20), which offers a weighted performance of the largest digital assets.The CD20 CFD is now available to traders in both fiat and USDT pairs as an over-the-counter (OTC) derivatives product to retail traders, according to an announcement on Monday.CFDs are derivatives instruments where traders and brokers exchange the difference in an asset’s value at the opening and closing of a contract.The CD20 CFD will “bridge the gap between traditional finance and the digital asset space by delivering institutional-grade crypto index access within…

BlackRock’s spot bitcoin exchange-traded fund (ETF) listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes.A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week’s volume tally of 171.74 million shares, according to data source TradingView. That’s the first weekly growth since the third week of May.The renewed upswing in volume comes amid continued demand for the ETF. Last week, IBIT registered a net inflow of $1.31 billion, following the preceding week’s tally of $1.23 billion. The largest publicly listed…

Bitcoin traded at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours, as attention turned to fiscal policy tensions in Washington following President Trump’s latest post on Truth Social.Price action remained volatile, with BTC fluctuating between $107,194 and $108,489 during the 24-hour window, according to CoinDesk Research’s technical analysis model. On June 29, 2025, President Donald Trump posted a pointed message on Truth Social addressing Republican lawmakers amid intense debate over his sweeping tax-and-spending package. “For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too…

XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market.One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions given their smaller size.Regulatory fog also thinned. On Friday, Ripple withdrew its cross-appeal in its long-running U.S. Securities and Exchange Commission (SEC) lawsuit. The SEC sued Ripple back in 2020 over its XRP sales, alleging these violated securities laws. The SEC is expected to drop its…

Ripple is pushing deeper into multichain interoperability with the integration of Wormhole, a leading cross-chain messaging protocol, with the XRP Ledger (XRPL) and its EVM-compatible sidechain.The move, announced Thursday, aims to support institutional demand for seamless movement of crypto assets, including stablecoins and tokenized real-world assets, across multiple blockchain networks, without added friction or fragmentation.Wormhole’s integration unlocks the ability to transfer the blockchain’s native token XRP , issued assets and multi-purpose tokens across more than 35 supported chains, including Ethereum , Solana and Avalanche .Developers can also initiate cross-chain smart contract interactions using Wormhole’s messaging infrastructure. Ripple says the upgrade…

Bitcoin Cash (BCH) is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the $467 resistance level across multiple tests, according to CoinDesk Research’s technical analysis model. The token briefly surged near that level late on June 23, gaining nearly 3% during a high-volume spike, but was subsequently rejected twice more, reinforcing the significance of that barrier. A descending trendline formed during the corrective pullback, with lower highs establishing a bearish short-term tone.On the regulatory front, Federal Reserve Chair Jerome Powell announced that U.S. banks now have the freedom to determine their digital asset customer…

Midnight Network, a privacy-focused blockchain leveraging zero-knowledge smart contracts, published its tokenomics paper and unveiled its ‘Glacier Drop’ airdrop mechanism in advance of claims for the native NIGHT token starting next month.The project said Glacier Drop is a novel process that allocates all NIGHT tokens to users across eight major blockchain ecosystems and rolls out in three sequential phases. The tokens will be available on Bitcoin, Ethereum, Cardano, Solana, Binance Chain, Brave, Ripple and Avalanche, the company said in a press release Monday.First, during a 60-day claim period starting in July, eligible wallets, those holding at least $100 in native…

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.As Asia begins the trading week, {{BTC}} is trading above $100,500 as the initial volatility from news over the weekend that the U.S. struck some of Iran’s nuclear facilities begins to subside.While prices briefly dipped below six figures on Sunday in a risk-off reaction, markets have since stabilized. Equity futures are flat, and gold is up only marginally,…