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CoinDesk 20 Performance Update: Chainlink (LINK) Gains 5.9% as Nearly All Assets Rise

by Coin Desk | August 20, 2025 8:14 pm | Crypto News

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 3984.95, up 1.1% (+41.61) since 4 p.m. ET on Tuesday.Nineteen of 20 assets are trading...

The ‘Great Wealth Transfer’ Could See More Than $200B Flow Into Bitcoin: Xapo Bank

by Coin Desk | August 20, 2025 7:11 pm | Crypto News

The “great wealth transfer” is underway, and it could be one of the biggest drivers of crypto adoption in history, crypto friendly Xapo Bank said in a report Wednesday.Over the next decade, trillions of dollars will move from baby boomers to younger heirs....

Bitcoin’s Unimpressive Bounce Fails to Diminish Downside Risk; Support Around $112K

by Coin Desk | August 20, 2025 7:11 pm | Crypto News

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin (BTC) bulls are attempting to establish an interim low around $113,000, but the effort appears weak in terms of both price and volume. So far, the bounce has been barely...

Ether Resurgence Gains Steam Backed by Spot ETF Demand and On-Chain Growth: Citi

by Coin Desk | August 20, 2025 7:11 pm | Crypto News

After enduring a drawdown of more than 55% earlier this year and lagging peers amid tariff-driven risk-off sentiment, ether (ETH) has staged a powerful comeback, Wall Street bank Citi (C) said in a research report on Tuesday.The second-largest cryptocurrency is now up...

Markets Today: Bitcoin, Ether Recover From Lows Before FOMC Minutes

by Coin Desk | August 20, 2025 7:10 pm | Crypto News

Bitcoin (BTC) and ether (ETH) recovered from overnight lows, even as U.S. stock index futures slipped and Japanese bond yields rose to multidecade highs in move than might make riskier assets less attractive. The CoinDesk 20 Index (CD20) traded 1.5% lower on a 24-hour...

Crypto Offers Answer to Money Laundering Crisis: Global Alert Network Called ‘Beacon’

by Coin Desk | August 20, 2025 7:10 pm | Crypto News

Money laundering has long been a scourge of the cryptocurrency sector, and the industry has a new answer meant to demonstrate it can head off major problems before they accelerate: the Beacon Network.The new system of illicit-activity alerts, which has been building...

How Social Media Built a Global Hub for Bitcoin Treasuries

by Coin Desk | August 20, 2025 7:10 pm | Crypto News

Tim Kotzman sat down in a New York studio in September 2024 to record a podcast, something he saw as little more than an experiment. The first few episodes drew almost no attention.Kotzman had no background in journalism, and his only prior podcast experience was...

Bitcoin Approaching Key Bull Market Support Amid 10% Correction

by Coin Desk | August 20, 2025 7:10 pm | Crypto News

Bitcoin (BTC) is down 10% from its all time high of just over $124,000, with the next level of support forming around $108,600, which is the short-term holder realized price (STH RP). The STH RP, which reflects the average acquisition price of coins moved within the...

ETF Outflows Signal Risk Aversion Before FOMC, Powell Speech: Crypto Daybook Americas

by Coin Desk | August 20, 2025 6:11 pm | Crypto News

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin (BTC) and ether (ETH) have recovered slightly from late Tuesday lows, though both CoinDesk 20 and CoinDesk 80 indexes are lower over 24 hours, signaling a broad market weakness. Among the top 100 coins,...

New Solana Launchpad, Token Mill, Bets Traders (Mostly) Care Only About Price Pumps

by Coin Desk | August 20, 2025 6:11 pm | Crypto News

An upcoming token launchpad on Solana plans to drive usership and volumes to its platform by focusing on one thing it says matters most to microcap traders: Token prices going up.Put fair launches, creator fees and community-friendly features in the backseat. Token...

OKX Hires Former Kraken Regulatory Strategist Marcus Hughes

by Coin Desk | August 20, 2025 6:10 pm | Crypto News

Cryptocurrency exchange OKX has hired Marcus Hughes as its new vice president and global head of government relations, the company announced on Wednesday.Hughes, who has over two decades of experience scaling regulated businesses, most recently held the role of global...

Japan’s 10-year Bond Yield Hits Highest Since 2008 in Potential Ill Omen for Risk Assets

by Coin Desk | August 20, 2025 4:23 pm | Crypto News

Japan’s benchmark 10-year government bond (JGB) yield rose to a 17-year high, reflecting concerns that could spill over to bond markets across other developed economies and reduce demand for riskier assets such as cryptocurrencies and equities.The yield rose...

Crypto Lobby Pushes Back Against Bank Effort to Rewrite U.S. Stablecoin Law

by Coin Desk | August 20, 2025 4:21 pm | Crypto News

The crypto industry is mounting a counteroffensive against Wall Street bankers’ bid to rewrite the U.S.’ new stablecoin law, arguing that attempts to roll back core provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act would...

Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining

by Coin Desk | August 20, 2025 2:15 pm | Crypto News

Thumzup Media Corp. (TZUP), which counts Donald Trump Jr. as a large shareholder, said it will acquire Dogehash Technologies, Inc. in an all-stock deal, pivoting from digital marketing into industrial-scale crypto miningUnder the agreement, Dogehash shareholders will...

UK Bitcoin ETNs Could Be a Bigger Deal Than People Expect

by Coin Desk | August 20, 2025 2:15 pm | Crypto News

After four years in the wilderness, bitcoin (BTC) exchange traded notes (ETN) are set to return to London and the change could prove more significant than many expect.Starting Oct. 8, crypto ETN products, which allow retail investors to gain exposure to...

Qubic’s 51% Attack Plans Trigger DOGE Crash, Futures Open Interest Drops 8%

by Coin Desk | August 20, 2025 2:15 pm | Crypto News

Dogecoin tumbled sharply on Tuesday after the Qubic blockchain community voted to target DOGE for a potential 51% attack, days after it claimed responsibility for compromising Monero’s network. Security fears collided with broad crypto weakness, pushing DOGE into...

XRP Pushed Into $2.90 Support Zone Amid ETF Delays, Poor Security Rankings

by Coin Desk | August 20, 2025 12:15 pm | Crypto News

XRP extended losses in the past 24 hours, slipping under the $3.00 mark after a sharp rejection at resistance. A combination of blockchain security concerns and delayed regulatory decisions drove heavy selling and profit-taking across institutional desks.News...

Cardano, Dogecoin Lead Crypto Losses as Bitcoin Traders Fear Pullback to $100K

by Coin Desk | August 20, 2025 12:15 pm | Crypto News

Bitcoin (BTC) and ether (ETH) traders booked profits over the past 24 hours after the assets hit record highs, while macro headwinds and elevated leverage added pressure across major tokens.Bitcoin fell back to $113,500, down more than 1.5% on the day. Some analysts...

Bitcoin, Stocks Hit By $400B Liquidity Drain From U.S. Treasury Account, Not Jackson Hole: Analysts

by Coin Desk | August 20, 2025 12:15 pm | Crypto News

Move over Jackson Hole and inflation fears. The real driver behind the recent swoon in crypto and stock markets is likely the impending liquidity drain stemming from the U.S. government’s Treasury General Account (TGA), a checking account held at the Federal Reserve...

Ark Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares

by Coin Desk | August 20, 2025 10:21 am | Crypto News

Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure.The update comes after...
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