Coindesk

Cosmos' ATOM token fell victim to a market-wide sell-off on Tuesday, retreating from $4.65 to $4.56 amid a wave of volatility.While several key areas of support have been tested, the recent rebound from $4.52 to $4.58 at 13:00 UTC, accompanied by heightened volume metrics, signals potential stabilization above the $4.50 psychological support threshold.Technical Indicators BreakdownATOM experienced considerable volatility during the preceding 24-hour period from 14th July 15:00 to 15th July 14:00, declining from $4.65 to $4.56, representing a 2 per cent drop with an aggregate range of $0.22 (5 per cent).The cryptocurrency confronted substantial selling pressure during nocturnal hours, reaching a critical low of $4.43 at 03:00 before establishing support around the $4.47-$4.50 zone.Robust volume activity exceeding the 24-hour average...

Bitcoin project Roxom is preparing to launch a bitcoin (BTC)-denominated stock exchange. Roxom will debut the new exchange in September with a waitlist now open for early access, according to an emailed announcement shared with CoinDesk on Tuesday.The San Francisco-based project said the exchange will "reflect the Bitcoin white paper's original vision of a global, permissionless store of value."The bitcoin treasuries exchange will allow BTC-denominated buying and selling of shares in companies with significant bitcoin holdings, such as Strategy (MSTR) and Metaplanet (3350).Following the lead of these two companies, there has been a glut of publicly-listed firms building bitcoin treasuries in recent months. Just last week, three such companies raised a combined $278 million toward the goal of boosting their...

Dakota, a crypto-integrated banking platform for businesses, has raised $12.5 million in a Series A round to expand its borderless banking services, the firm said on Tuesday.The investment was led by CoinFund, with participation from 6th Man Ventures and Triton Ventures.The announcement comes at a time when stablecoins, or cryptocurrencies tied to an external asset, predominantly to the U.S. dollar, are increasingly becoming part of traditional finance plumbing and a tool for cheaper, faster cross-border payments. Stablecoin regulation is also advancing in the U.S., with the Senate already having passed the GENIUS Act and the House aiming to vote on the proposal on Thursday."We believe stablecoins can revolutionize business banking," Alex Felix, CIO of CoinFund, said in a statement. "Dakota...

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin's (BTC) bull run stalled, with prices falling 5% from the record high in a classic bull-market pullback. The adverse price action took the wind out of the broader market, too, though exceptions like BONK and PUMP — up 5% on a 24-hour basis — bucked the trend.The pullback was characterized by long-dormant BTC whales moving coins to centralized exchanges, often a precursor to a sale. According to blockchain sleuth Lookonchain, an OG wallet with 80K BTC moved about half to Galaxy Digital, which then deposited 6,000 BTC into Binance and Bybit. The on-chain flow occurred after BTC notched Monday's record high above $123,000."A spike in Coin Days Destroyed metric and a...

Filecoin (FIL) crashed 5.6% in the 24-hour trading session from July 14 10:00 UTC to July 15 09:00 UTC, sliding from $2.66 to $2.51, according to CoinDesk Research's technical analysis model.The model shows that the token posted a volatile 7.52% intraday movement.The slump in token of the decentralized storage network came as the wider crypto market also fell, with the broader market gauge, the CoinDesk 20, recently down 3.8%.Filecoin recently announced a partnership with blockchain Avalanche, aimed at optimizing smart contract handling and data storage.In recent trading, FIL was 5.6% lower over 24 hours, trading around $2.51.Technical Analysis:Price tumbled from $2.66 to $2.51, posting 5.6% decline Resistance solidifies at $2.66 level with support forming around $2.50.Heaviest selling pressure hits July...