SG Forge, the cryptocurrency division of French bank Société Générale, plans to introduce a dollar-backed stablecoin on the Ethereum and Solana blockchains, the bank said on Tuesday. The USD CoinVertible (USDCV) will start trading in early July and involves Bank of New
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
Bitcoin’s BTC quiet climb on Monday accelerated to its strongest price in June, rebounding from last week’s decline to near all-time high levels. The largest crypto advanced by 3.7% over the past 24 hours, topping $110,000, and it’s changing hands by only
Aptos’ APT token rallied more than 4% on significant volume, with momentum indicators suggesting more potential upside, according to CoinDesk Research’s technical analysis model. The digital asset broke out of its consolidation phase between $4.65-$4.73, establishing strong support at $4.73 before pushing
A tsunami of new bitcoin BTC treasury companies — firms that almost exclusively dedicate themselves to accumulating bitcoin — is flooding the market. Since all of them are more or less following Strategy’s (MSTR) playbook, questions are rising about the best ways
The U.S. Securities and Exchange Commission is working on policy to exempt decentralized finance (DeFi) platforms from regulatory barriers, said Chairman Paul Atkins. Software developers building DeFi tools have no business being blamed for how they’re used, Atkins and other SEC Republicans
Plasma, a crypto startup developing a blockchain optimized for stablecoins, attracted $500 million in deposits for its token sale on Monday — 10 times more than originally planned. The fundraising cap was filled in five minutes as investors scrambled to earn an
The X account of the President of Paraguay, Santiago Peña, was hacked on Monday. The account posted that Paraguay was making bitcoin BTC legal tender, constituting a bitcoin reserve and issuing bitcoin bonds. It also invited investors to donate to a bitcoin
Two well-known ETF issuers are racing to bring funds to market that track the explosive rise of Circle’s newly public stock. Bitwise and ProShares late Friday each submitted applications with the U.S. Securities and Exchange Commission (SEC) to launch exchange-traded funds (ETFs)
BNB, the native token of the Binance ecosystem, staged a swift comeback after a jolt of market turbulence rattled the broader crypto market. The coin rose more than 4% from this week’s low and is up around 0.7% in the last 24