Coindesk

Crypto traders holding XRP XRP and dogecoin DOGE can now tap into yield-generating decentralized finance (DeFi) opportunities on Base, the layer-2 blockchain from digital assets exchange Coinbase (COIN).On Wednesday, the Nasdaq-listed exchange said the wrapped versions of the two tokens, called cbXRP and cbDOGE, were live on Base. These wrapped tokens are backed 1:1 by native coins, meaning that for all cbXRP and cbDOGE in circulation, there is an equivalent amount of XRP or dogecoin held in a secure custody solution by Coinbase.Wrapped tokens represent the original assets in environments where they are otherwise unavailable, offering compatibility with Base's protocol and DeFi applications. This facilitates interoperability, allowing for the seamless transfer of coins within the ecosystem while allowing holders to...

Dogecoin DOGE fell as much as 4.3% over the past 24 hours, dropping from $0.196 to $0.189 as profit-taking continues across majors.The meme-inspired token broke below key support at $0.194 during heavy selling between 11:00-14:00, establishing a new resistance zone while finding a temporary bottom at $0.187.News BackgroundDogecoin’s price struggles come amid a shifting landscape in the meme coin sector and a general capital preference for stablecoins or bitcoin.Recent whale transfers have moved significant DOGE amounts to major exchanges, sparking speculation about potential sell-offs or accumulation phases.On a broader scale, geopolitical tensions and inflation concerns continue to impact investor sentiment across risk assets, with cryptocurrency markets particularly sensitive to global trade policy shifts.These macroeconomic headwinds are keeping DOGE on the...

Profit-taking continued to weigh down crypto markets Thursday as Dogecoin DOGE and Cardano’s ADA ADA led declines among major tokens, with bitcoin BTC little-changed over the past 24 hours.XRP XRP, Solana’s SOL SOL and BNB Chain’s BNB BNB shed 1.5%, while Tron’s TRX TRX was the only major token in the green with a 1.9% bump.“Recent macro and policy conditions have created uncertainty in risk-on assets, which is reflected in the current Bitcoin price,” said Anna Liu, CEO of HashKey Tokenization, said in a Telegram message to CoinDesk.“While we believe there will likely be volatilities in Bitcoin and cryptocurrencies, we remain positive on BTC as a strategic asset for investors in the longer term,” she added, noting that recent inflows...

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.Macro Events and Vitalik's Bold Plan to 10x Ethereum Layer 1 Could Propel ETH Past $3000: OKX's Lennex LaiETH traders are eying $2600 as Asia begins its business day, but OKX's Chief Commercial Officer Lennex Lai sees an easy path for the token to hit $3000 if Vitalik Buterin can get rid of Ethereum's reliance on Layer-2s.Layer 1 refers to the main blockchain infrastructure, such as Ethereum itself, while Layer 2 solutions are secondary systems built on top...

A suspect allegedly behind recent high-profile crypto kidnappings in France has been arrested in Morocco, according to Maghreb Arab Press, a government-run press agency.At the request of French authorities, a joint operation of Morocco’s National Judicial Police Brigade (BNPJ) and the General Directorate of Territorial Surveillance (DGST) took the 24-year-old French-Moroccan suspect into custody, according to a statement from Moroccan police distributed by MAP. The press agency described the man, who was identified by French press as Badiss Mohamed Amide Bajjou, as a mastermind of the crimes."I sincerely thank Morocco for this arrest, which demonstrates the excellent judicial cooperation between our two countries, particularly against organized crime," said French Minister of Justice Gérald Darmanin in a translated statement on social-media...