Coindesk

The cryptocurrency market continues to feel the effects of global economic tensions, with investor sentiment swaying under the weight of rising geopolitical risks and trade uncertainty. Uniswap’s UNI token saw a sharp intraday swing between $6.045 and $6.385 before stabilizing above $6.11, signaling cautious buyer support, according to CoinDesk Research's technical analysis data model.Although UNI briefly rebounded after early losses, analysts warn that macroeconomic headwinds — including tariff escalations and delayed monetary easing — may cap near-term gains even as key technical levels hold for now.Technical Analysis HighlightsUNI experienced significant volatility over 24 hours, with prices peaking at $6.385 before declining sharply to a low of $6.045, representing a 5.33% range.A notable resistance zone formed around $6.30–6.38, with high-volume selling...

Investment platform IG (IGG) said it has begun offering crypto trading to retail investors, becoming the first publicly-listed firm in the U.K. to do so.This marks IG's first offering of crypto exposure through spot trading of bitcoin BTC, ether ETH and a range of smaller tokens. The company's crypto service has previously been confined to derivatives products in the form contracts for difference (CFD). IG has teamed up with U.S.-based crypto-focused fintech firm Uphold to build crypto trading into its existing platforms that customers currently use for dealing shares, FX, commodities and derivatives. This may demonstrate the increasing integration between traditional finance (TradFi) and digital assets that investors and traders now expect to see.The London-based firm's move also coincides with...

Taiwanese cryptocurrency exchange BitoPro is suspected to have lost over $11.5 million worth of tokens in a May 8 exploit, widely-followed blockchain sleuth ZachXBT said in his Telegram group on Monday.The exploit involved unauthorized access to BitoPro's hot wallets across multiple blockchains, including Ethereum, Tron, Solana, and Polygon.The stolen assets were then sold on decentralized exchanges, with proceeds laundered through privacy protocols such as Tornado Cash and Thorchain, and eventually moved to Wasabi Wallet, a Bitcoin mixing service.BitoPro has not issued any public statements acknowledging the breach since the supposed explicit. Users were informed of a temporary service suspension due to "system maintenance” last month, and there was little social chatter in popular crypto X circles around the incident at...

Japan’s Metaplanet said on Monday it has purchased additional 1,088 bitcoin BTC to bring its total holdings to over 8,888 BTC, now worth over $930 million.The latest acquisition cost the company 16.885 billion Japanese yen ($117.5 million), with an average purchase price of approximately 15.5 million yen ($108,051) per bitcoin, per a disclosure.Metaplanet’s aggressive bitcoin accumulation strategy, which began with its official adoption of a Bitcoin treasury policy in April 2024, has propelled the firm to the top spot among corporate BTC holders in Asia and the top ten globally.The firm has now added 7,126 BTC 2025 so far, pacing to its year-end target of 10,000 BTC. Its latest move follows the company’s issuance of $50 million in zero-interest bonds...

Tech billionaire Elon Musk, the boss of X (formerly Twitter), Tesla, and SpaceX, announced on Sunday the launch of a brand-new messaging app called XChat. Neither the BTC market nor the tech community is impressed.One of the key features of the new offering is that it's built on a programming language called Rust with Bitcoin-style encryption. While it sounds exciting, the crypto community is not particularly psyched, raising doubts about what exactly it means."Bitcoin primarily uses signatures, not encryption. This is like saying, we decided to run our rocket on water, since NASA uses Hydrogen and Oxygen," Ian Miers, Assistant Professor of Computer Science at the University of Maryland, said on X.Encryption refers to the process of scrambling data so...