Coindesk

Bitcoin's (BTC) volatility could continue to fall as mainstream acceptance grows and the cryptocurrency is adopted by companies, retail investors and governments, Deutsche Bank said in a research report on Tuesday.Excitement over upcoming legislation in the U.S. has spurred bitcoin’s recent rally, the german lender said, but it is notable that the crypto's rise has also been accompanied by a historic decline in volatility levels.The world's largest cryptocurrency has risen nearly 75% since mid-November, driven by a mix of favorable regulations, growing institutional adoption, and global macroeconomic shifts, the report said.The rally coincides with “Crypto Week” in Washington, DC, highlighting increasing government and corporate engagement with digital assets. This week the House of Representatives is set to vote on the...

Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the first global bank to offer spot trading in bitcoin (BTC) and ether (ETH) to institutional clients.The offering, rolled out through the bank’s UK branches, is available initially via our UK entity, during Asia and Europe trading hours, with 24/5 access under consideration as client demand evolves, said Rene Michau, global head of digital assets.“Standard Chartered is the first global systemically important bank to be offering cryptoasset trading.” Michau said in an email. “We define institutional clients as financial institutions such as asset managers and investors, and large multinational companies who are clients of our corporate and investment banking division.”Standard Chartered has been involved in crypto and digital assets for...

Those betting against bitcoin (BTC)-holder MicroStrategy (MSTR) seem to have run out of patience and look to be exiting bearish bets. On Monday, a U.S.-listed exchange-traded fund (ETF) that provides a leveraged bearish exposure to shares of bitcoin holder MicroStrategy sank to lifetime lows on the back of near-record trading activity.Prices for the Defiance daily target 2x short MSTR ETF, listed under the ticker SMST on Nasdaq, slipped 7.58% to $18.17 on Monday, hitting a record low for the fourth consecutive day, according to data source TradingView.The decline happened as 2.88 million shares changed hands, the second-largest trading volume tally ever.Bears capitulate as BTC surgesSMST's high-volume collapse points to capitulation of bears – those betting against MSTR have likely given...

What to know:DOGE dropped 9.52% between July 14 05:00 and July 15 04:00, falling from $0.21 to $0.19 with a $0.022 trading range (10.44% volatility).Major selloffs occurred during the 14:00–15:00 and 01:00–03:00 windows, with volume spikes of 735.09M and 704.60M, crushing the 24-hour average of 415.48M.A sharp reversal began during the final session hour as DOGE rose 0.84%, from $0.1923 to $0.1939, backed by volume bursts of 22.60M and 19.06M.Institutional activity was visible on both ends of the move, pointing to tactical capital flow rather than retail-driven volatility.News BackgroundThe selloff came amid rising anxiety over delays in potential crypto ETF approvals and a sudden resurgence in U.S. enforcement chatter around centralized exchanges.At the same time, market participants began speculating about...

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.As bitcoin (BTC) trades near $119,500, having just recently broken through another all-time high of $120,000, digital asset investment products are also breaking records for inflows – but there's a regional disparity.According to CoinShares, U.S.-listed funds dominated with $3.74 billion in inflows, while Germany saw $85.7 million in outflows, underscoring a growing divergence in global institutional sentiment.This robust institutional appetite in the U.S. is exemplified by Vanguard’s evolving stance on crypto investments. Despite once branding bitcoin as an...