Coindesk

Hedge funds have been aggressively shorting ether (ETH) during the recent uptick to $3,000 as they attempt to harvest a yield by carrying out a basis trade.Hedge funds are shorting ether to the tune of $1.73 billion on the CME, a venue favored by institutional traders, according to data from the Block, which cites the CFTC. CME data also shows that ether leveraged net totals have skewed heavily to the short side, according to X account zerohedge.A basis trade involves shorting an asset on one venue whilst simultaneously buying on another, remaining delta neutral in terms of price action. In this case, traders can secure around 9.5% per year by shorting ETH on the CME while buying spot ETFs, of...

Filecoin (FIL) rose 3.74% to $2.64 in the past 24 hours, forming a distinct uptrend characterized by progressive higher lows, according to CoinDesk Research's technical analysis model.The rally produced lows at $2.54 and $2.55 that served as reliable support zones, while encountering initial resistance near $2.62-$2.63 before achieving a decisive breakthrough during Asian market hours.Theoriq AI is working with the Filecoin Foundation to develop AI agents trained on open data from the network, Filecoin said in a tweet on X yesterday.The rally in Filecoin came as the wider crypto market also rose, with the broader market gauge, the CoinDesk 20, recently up 4%.Technical Analysis:FIL ranged from $2.56 to $2.66 during the 24-hour session, achieving a robust 4.75% increase.The cryptocurrency...

Crypto payments platform MoonPay said it has connected to Revolut Pay, allowing users to buy digital assets with a single click from their accounts at Europe's most valuable startup.The option is aimed at streamlining transactions for U.K. and European customers who rely on neobanking apps like for everyday purchases. By allowing Revolut users to confirm crypto purchases with biometric ID or a passcode, it eliminates some of the common friction points faced by crypto buyers, particularly the card declines and identity verification delays that can disrupt transactions. Revolut Pay, introduced as a direct-from-account payment feature for online checkouts, comes with built-in fraud protection and instant transaction processing. The integration will extend to all of MoonPay’s 500-plus partner platforms, including popular...

Bitcoin’s pseudonymous creator, Satoshi Nakamoto, is now among the wealthiest individuals — or group of individuals — on the planet, without ever moving a single dollar of their fortune or revealing any identifying details about themselves.With BTC climbing above $122,000 on Monday, Satoshi’s estimated 1.1 million coins are worth over $134 billion, according to public blockchain data.That would place them just outside the global top 10 richest people, ahead of names like Dell Computers CEO Michael Dell and Walmart heir Rob Walton, and inching closer to former Microsoft CEO Steve Ballmer and legendary investor Warren Buffett according to the Forbes real-time billionaires list.The stash is within touching distance of Google co-founder Sergey Brin, who has as estimated net worth of...

What to know:DOGE rallied 5.05% between July 13 06:00 and July 14 05:00, rising from $0.200 to $0.210 with a total trading range of $0.01 (6% volatility).The breakout above $0.200 resistance was confirmed by back-to-back volume spikes of 615.53M and 581.80M during the 03:00–04:00 session.Institutional accumulation was visible as volume exceeded the 24H average (268.45M) throughout late trading.Futures volume reached $1.50B, driven by multiple +$1M transactions across major derivatives venues.News BackgroundDOGE’s breakout coincided with a broader crypto uptrend led by easing Fed rate expectations and a thaw in BRICS–U.S. trade tensions.Derivatives market activity surged, with DOGE futures open interest and volume reaching their highest levels this month. Whale-led flows dominated on-chain metrics, while traders took aim at $0.213–$0.215 as the...