Minimalist News

AI Summary

Iranian crypto exchange Nobitex suffered a significant hack, resulting in a theft of at least $73 million, highlighting vulnerability in security practices within the industry.
Geopolitical tensions, particularly rising conflicts in the Middle East, have led to a notable dip in cryptocurrency values, with Bitcoin and other major altcoins experiencing price declines as market sentiment turns risk-averse.
The U.S. Senate has passed the GENIUS Act, a landmark legislation aimed at regulating stablecoins, demonstrating a significant push for clearer regulatory frameworks in the crypto space and potentially strengthening institutional confidence.
JPMorgan is piloting a USD deposit token, JPMD, on Coinbase's Base blockchain, underscoring banks' increasing involvement in the crypto market and the ongoing evolution of digital asset frameworks.
A large number of cryptocurrencies, including Ethereum and Cardano, are facing volatility and price corrections driven by selling pressures in broader financial markets, impacting investor sentiment and trading strategies.

CoinDesk

Ark Invest Dumps Nearly $45M Worth of Circle Shares as U.S. Senate Passes GENIUS Act coindesk.com 2 hours ago by Sam Reynolds
Markets, Circle, ARK Invest, Ark, Stablecoin, News
Cathie Wood’s Ark Invest sold a combined 300,108 shares of Circle Internet Group CRCL on Tuesday across three of its ETFs, continuing to take …
Kraken-Backed Ink Foundation to Airdrop INK Token, Starting With Aave-Powered Liquidity Protocol coindesk.com 2 hours ago by Shaurya Malwa
Markets, Trading, Kraken, layer 2, News
The Ink Foundation, the nonprofit behind layer 2 Ink, is launching its native token INK in an attempt to bootstrap onchain capital markets thr…
SHIB Long-Short Ratio Slides as Over $1.8M in Bullish Bets Liquidated coindesk.com 3 hours ago by AI Boost
Markets, SHIB, Technical Analysis, AI Market Insights, News
A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets. The in…
Bitcoin Traders’ Are Looking at a Key Data Point in Fed Meeting and Its Not Interest Rate Decision coindesk.com 3 hours ago by Omkar Godbole
Markets, Bitcoin, Federal Reserve, Top Stories, News
The Federal Reserve's (Fed) Open Market Committee, comprising 12 officials, is scheduled to announce its decision on interest rates at 18:00 U…
Dogecoin Zips Down 7% Amid Low Risk-On Sentiment coindesk.com 4 hours ago by Shaurya Malwa
Markets, AI Market Insights, News
Dogecoin tumbled as much as 7.5% in 24 hours, sliding from $0.176 to $0.164 as markets continue to react to rising geopolitical conflict in th…
XRP, ADA Lead Crypto Majors Slide, While Bitcoin Watchers Target Return to Highs in Q3 coindesk.com 4 hours ago by Shaurya Malwa
Markets, btc, ETH, XRP, ADA, market analysis, News
Crypto markets slipped across the board Wednesday, with altcoins leading the decline and Bitcoin continuing to trade in a tight band just abov…
XRP Drops 5% as High-Volume Selling Pressure Dominates Market coindesk.com 4 hours ago by Shaurya Malwa
Markets, News
XRP fell 4.5% over the past 24 hours, dropping from $2.254 to $2.164 as sellers overwhelmed buyers and forced a breakdown below key support le…
Asia Morning Briefing: GENIUS Act Positions ETH at the Center of Tokenized Finance, Says Wall Street Veteran coindesk.com 8 hours ago by Sam Reynolds
Markets, ETH, Ethereum, Wall Street, News
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. ho…
Tron Inc. Deal Gives Justin Sun’s Father Control of Public Firm Via $100M Token Deal coindesk.com 10 hours ago by Sam Reynolds
Markets, Justin Sun, Tron, TRX, News
A Securities and Exchange Commission (SEC) filing posted Monday night outlines the relationship between Tron DAO, Justin Sun, and SRM Entertai…
U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win coindesk.com 11 hours ago by Jesse Hamilton
Policy, U.S. Senate, Stablecoins, crypto legislation, U.S. Congress, Breaking News, News
The overwhelming bipartisan passage of the U.S. Senate's stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining t…
JPMorgan Introduces USD Deposit Token on Coinbase’s Base Blockchain coindesk.com 12 hours ago by Ian Allison
Finance, News
U.S. banking giant JPMorgan has announced the pilot of a permissioned USD deposit token called JPMD on Base, the layer 2 Ethereum network buil…
Coinbase Seeks SEC Approval to Offer Tokenized Stock Trading coindesk.com 13 hours ago by Tom Carreras
Finance, Coinbase, Tokenization, Robinhood, Kraken, News
Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch tokenized stock trading, a move that could expan…
Can Tether's Dominance Survive the U.S. Stablecoin Bill? coindesk.com 14 hours ago by Jesse Hamilton
News Analysis, U.S. Senate, Tether, USDT, crypto legislation, Stablecoins, News
Tether's USDT is the world's leading stablecoin. Its digital emulation of the U.S. dollar — 155 billion of them at last count — is unmatched. …
Why Blockchain Valuation Models Are Still Up for Debate coindesk.com 14 hours ago by William Mougayar
Opinion
Valuing blockchain networks today feels like déjà vu for anyone who lived through the early internet era. In the 1990s, analysts, investors, a…
Shiba Inu Slides to Two-Month Low as Trump Threatens Khamenei, Demands Unconditional Surrender coindesk.com 15 hours ago by CD Analytics
Markets, SHIB, Technical Analysis, News
Shiba inu (SHIB), the world's second-largest meme token by market value, faced selling pressure alongside losses in the broader crypto market …
Bitcoin Heads Lower as Trump Threatens to Assassinate Iran’s Supreme Leader coindesk.com 15 hours ago by Tom Carreras
Markets, Bitcoin, Trump, Iran, Israel, News
The U.S. may soon go to war against Iran, and crypto markets aren’t liking the prospect. Bitcoin BTC is down 3.8% in the last 24 hours, tradi…
Can the Real Cypherpunks Please Stand Up? coindesk.com 15 hours ago by Megan Knab
Opinion
Am I the only one feeling a growing sense of cognitive dissonance in crypto right now? The crypto industry has always had revolutionary roots…
AgriFORCE Launches Gas-Powered Bitcoin Mining Site in Alberta, Plans Expansion to 1 EH/s coindesk.com 15 hours ago by Tom Carreras
Markets, Bitcoin Mining, Canada, News
AgriFORCE Growing Systems (AGRI), a small agricultural firm that recently adopted bitcoin mining, has launched its first bitcoin BTC mining an…
NEAR Plunges 8% as Middle East Tensions Rattle Crypto Markets coindesk.com 16 hours ago by Oliver Knight
Markets, AI Market Insights, Near, Near protocol, News
Escalating tension in the Middle East between Iran and Israel continues to ripple through the cryptocurrency market, prompting significant dow…
BNB Price Falls Below Technical Support as Market Awaits FOMC Clues Amid Geopolitical Tension coindesk.com 16 hours ago by CD Analytics
Markets, BNB, AI Market Insights, Technical Analysis, News
BNB, the native token of BNB Chain, fell 1.7% over the past 24-hour period, rattled by growing market unease as the conflict between Israel an…
HyperLiquid Trader Turns $10M Profit Into $2.5M Loss as Bitcoin Falls coindesk.com 17 hours ago by Oliver Knight
Finance, Cryptocurrency Derivatives, Bitcoin Trading, Leverage, News
A trader on decentralized derivatives exchange HyperLiquid has turned an unrealized $10 million profit into a $2.5 million loss, seemingly cau…
Filecoin Plunges 6% On Heavy Volume, Breaks Technical Support at $2.52 Level coindesk.com 17 hours ago by CD Analytics
Markets, AI Market Insights, Filecoin, Technical Analysis, News
Filecoin FIL underwent a notable 5.8% decline over the 24-hour period, dropping from a high of $2.569 to a low of $2.406, according to CoinDes…
ADA Slides to $0.615 as Sell-Off Deepens and Support Faces Pressure coindesk.com 17 hours ago by Siamak Masnavi
Markets, AI Market Insights, Technical Analysis, Cardano, ADA, News
Cardano’s ADA ADA token traded at $0.6154 Monday afternoon, extending its decline to 5.35% over the past 24 hours. The token dropped steadily …
AVAX Loses 5.8% After Rejection at Critical $20 Short-Term Resistance coindesk.com 17 hours ago by CD Analytics
Markets, AI Market Insights, Technical Analysis, AVAX, Avalanche, News
After reaching a high of $19.99, Avalanche’s token AVAX was sharply rejected at the $20 psychological barrier, triggering accelerated selling …
Glassnode on ETH Whales: ‘This Scale of Buying Hasn’t Been Seen Since 2017’ coindesk.com 18 hours ago by Siamak Masnavi
Markets, AI Market Insights, Technical Analysis, Ethereum, ETH, News
Ether (ETH) ETH traded at $2,555.77 on Tuesday, down 3.7% over the past 24 hours after a sharp rejection near the $2,673 level triggered a wav…