Author: driver789
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 2101.48, down 0.2% (-4.06) since 4 p.m. ET on Monday.Ten of 20 assets are trading higher.Leaders: XLM (+3.3%) and AAVE (+1.9%).Laggards: ETH (-0.9%) and APT (-0.6%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Bitcoin enters the new trading week with a defined roadmap, as DeFi researcher and analyst, Sherlockwhale, identifies four specific price levels that could shape market direction. The framework is built on an extensive review of about 450 weeks of historical data, translating recent price action into a structured guide centered on how Bitcoin closes at the start and middle of the week. Bitcoin’s Weekly Structure Sets The Stage According to Sherlockwhale, Bitcoin ended last week near $76,000, reflecting a 7.2% increase from Monday’s opening price. While this suggests upward momentum, the internal structure of the weekly candle tells a more…
The newly appointed Governor of the Bank of Korea, Shin Hyun-song, has voiced support for central bank digital currencies (CBDCs) and tokenized deposits in his first public address.Shin, who began his four-year term after an inauguration ceremony in Seoul on Tuesday, said the central bank will advance the second phase of “Project Hangang,” a Bank of Korea-led pilot project to test a blockchain-based, wholesale CBDC system.He also pointed to international cooperation efforts, including the “Agora Project,” an international collaborative initiative launched in April 2024 by the Bank for International Settlements (BIS) and seven central banks to explore the tokenization of…
U.S. spot bitcoin ETFs recorded net inflows of $996.4 million last week, marking the strongest weekly intake since mid-January. The move extends a three-week inflow streak that has added more than $1.8 billion to the category and pushed year-to-date flows above $1 billion after a prior stretch of net outflows. BlackRock’s IBIT led issuance with $906 million in net inflows during the week. Morgan Stanley’s MSBT posted $71 million in inflows in its first full trading week after launch on April 8. Ethereum spot ETFs recorded $275.8 million in net inflows over the same period. ETF accumulation continues to define…
The Philippine Securities and Exchange Commission (SEC) has issued a public investor alert cautioning Filipinos against investing in dYdX and six other crypto trading platforms. The regulator stated that these platforms are not registered or authorized to solicit investments in the country, raising concerns about investor protection and regulatory compliance. In a Facebook post on Tuesday, the SEC named dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv and Ostium, asserting that, based on its findings, the platforms appear to be offering investments to the public in exchange for promised returns, profits or interest. The commission emphasized that none of the listed entities…
The newly appointed Governor of the Bank of Korea, Shin Hyun-song, has voiced support for central bank digital currencies (CBDCs) and tokenized deposits in his first public address.Shin, who began his four-year term after an inauguration ceremony in Seoul on Tuesday, said the central bank will advance the second phase of “Project Hangang,” a Bank of Korea-led pilot project to test a blockchain-based, wholesale CBDC system.He also pointed to international cooperation efforts, including the “Agora Project,” an international collaborative initiative launched in April 2024 by the Bank for International Settlements (BIS) and seven central banks to explore the tokenization of…
Cryptocurrency custody firm Fireblocks is handling the issuance and distribution of a euro-denominated stablecoin, backed by a group of twelve European banks, known as the Qivalis consortium.The euro-backed token, scheduled for release in the second half of 2026, is regulated by the Dutch Central Bank through Amsterdam-based Qivalis and is compliant with the EU’s Markets in Crypto-Assets Regulation (MiCAR).The Qivalis consortium is made up of: Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit.Stablecoins are cryptocurrencies with values pegged to an external reference such as the dollar, euro and other…
A $292 million hack tied to restaking protocol Kelp DAO has rippled through decentralized finance (DeFi) lending and market confidence far beyond the original incident, with Aave emerging as one of the hardest-hit examples. Over the weekend, Aave’s native token (AAVE) fell by about 26%, while the protocol also saw a sharp decline in total value locked (TVL) and continued outflows that intensified the downturn. Kelp DAO Hack Sparks Aave Crisis The chain of events began with the attacker draining roughly 116,500 rsETH—valued at about $292 million—from Kelp DAO’s LayerZero bridge. The stolen staking tokens were then used as collateral…
Ethereum layer-2 blockchain Arbitrum on Monday froze more than 30,000 Ether worth about $71.2 million held in a wallet connected to the recent exploit of the Kelp protocol.Arbitrum said on Monday that its security council, a 12-member body elected by the Arbitrum community, took “emergency action” to freeze 30,766 Ether (ETH) that was held in a wallet connected to the Kelp exploit.It added that the ETH had been moved to “an intermediary frozen wallet” and was “no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance.”Kelp, a liquid…
Capital B, the listed arm of The Blockchain Group, confirmed the acquisition of 12 bitcoin as it continues to build out its treasury strategy centered on the digital asset. The company said it spent €0.8 million on the purchase, bringing total holdings to 2,937 BTC. The group’s aggregate acquisition cost stands at €270.1 million, with an average purchase price of €91,975 per bitcoin, according to a note shared with Bitcoin Magazine. The latest buy follows a series of transactions since early 2026, with the company reporting a year-to-date BTC yield of 1.57%. It also posted a BTC gain of 44.4…