Coindesk

ATOM Experiences Sharp Volatility in 4% Recovery Rally

ATOM traded within volatile range between $4.64 and $4.85 on Monday.The move comes among a backdrop of bullish sentiment after bitcoin (BTC) rose to fresh record highs of $123,000 on Monday.ATOM price action shows classic V-shaped recovery, dropping to $4.64 before rallying hard to the $4.85 level of resistance.It's worth noting that ATOM remains far lower than the previous bull market when it topped $44.55 in a classic "altcoin season."In the short term, a break above $5.46 would indicate a bullish break out with upside targets expanding to $6.20 and $7.75.Technical Indicators SummaryMACD posts positive crossover signaling bullish momentum shift.RSI hits 62.40 showing moderate buying without overbought signals.Volume spikes past 40,000 units confirm institutional participation.Support zone locks in at $4.64-$4.67...

Bitcoin Mining Stocks Lead Crypto Equity Gains After BTC Hits $122K

Bitcoin mining stocks led the gains among crypto equities in early trading on Monday after BTC raced to a new a all-time high just shy of $123,000 (it's since retreated a bit to just under $122,000).MARA Holdings (MARA) traded almost 10% higher at around $20.95 in the first hour after markets opened, while CleanSpark (CLSK) climbed just under 7.5% to $13.59.Fellow mining companies Core Scientific (CORZ) and Riot Platforms (RIOT) saw slightly more modest gains of 4%-5% in early trading. Away from the mining sector, other prominent crypto stocks such as Strategy (MSTR) and Galaxy Digital (GLXY) were both about 3.75% higher, while Coinbase (COIN) and Circle (CRCL) gains were under 2%. Bitcoin had ascended to an all-time high...

Grayscale Files Confidential Submission for IPO With SEC

Grayscale Investments said it confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), a filing that signals plans for an initial public offering (IPO).The asset manager didn't disclose details of the submission and said the registration is expected to take place after the SEC completes its review process, subject to market and other conditions, according to a press release. Confidential filings allow firms to negotiate with the SEC behind closed doors before revealing their plans. It’s a common tactic for gauging regulatory feedback while keeping competitive details out of public view until a launch is ready.The move adds Grayscale to the number of growing companies lining up to take their companies public as the...

Shiba Inu Gains 3% as Explosive Burn Rate Spurs Bullish Predictions

Shiba inu (SHIB), the world's second-largest meme token by market value, has gained over 3% in the past 24 hours, hitting a nearly seven-week high of $0.00001416 at one point, according to CoinDesk data.The move happened as market leader bitcoin topped $122,000 to set new lifetime highs, which galvanized momentum in the broader crypto market.SHIB has surged 20% this month, outshining BTC's 13% gain. The BTC-beating performance hasKey AI insightsSHIB posted a 3% gain during the 24 hours from 13 July 12:00 to 14 July 11:00, advancing from $0.000013314 to $0.000013720, supported by robust volume activityThe token underwent volatile consolidation in the 60-minute session from 14 July 10:51 to 14 July 11:50, pulling back 1% to $0.000013722 as traders secured...

Digital Asset Fund Flows Hit $3.7B Last Week, 2nd-Highest on Record: CoinShares

Digital asset funds saw $3.7 billion of inflows last week, the second-largest figure on record, according to data tracked by crypto asset manager CoinShares. The flows are surpassed only by those in the week ended Dec. 6 last year, when they topped $4 billion, the Jersey-based company said in its weekly roundup on Monday.The 13th consecutive week of gains by crypto investment products took total asset under management (AUM) past $200 billion for the first time, reaching $211 billion.U.S.-listed products dominated the inflows with nearly $3.74 billion registered, while products in Germany and Sweden saw outflows of $85.7 million and $15.7 million respectively. Bitcoin products accounted for $2.7 billion of the inflows taking the total AUM to $179.5 billion, which...