Coindesk

Toncoin TON took a sharp dive in the last 24-hours, falling more than 7% from $3.319 to a low just under the $3 mark after as excitement around a rumored Telegram partnership with Elon Musk’s xAI reversed course.The plunge is the continuation of one that started shortly after Telegram CEO Pavel Durov hinted at a collaboration with xAI, Elon Musk’s artificial intelligence company.The speculation pushed TON’s price up to a $3.65 high, but a swift denial from Musk sent it tumbling, after the CEO of X said that the deal hasn’t yet been signed. TON is now down 17% since.Markets appear to be pricing in the collapse of what could have been a major integration involving Telegram’s 700 million users...

XRP fell as much as 6% over the past 24 hours as global economic tensions rattled financial markets, triggering a wave of liquidations and pushing prices below key support levels. The token dropped from $2.20 to $2.14 as the broader crypto market shed 3.81% of its value, settling at a total market cap of $3.3 trillion.The volatility comes in the wake of the U.S. Court of International Trade’s decision to overturn Trump’s trade tariffs, reigniting trade policy concerns and sending ripples across risk assets. XRP wasn’t immune, with over $29.68 million in long positions liquidated as traders scrambled to adjust their exposure.News BackgroundChina-based Webus International said Friday it plans to raise up to $300 million through non-equity financing to support...

AAVE has demonstrated remarkable resilience in the face of global market turbulence, rebounding from a 15% price drop over four days as buyers stepped in to capitalize on DeFi’s growing momentum. The protocol’s price climbed from $240 to above $250, buoyed by expanding tokenized yield markets that are drawing increased institutional and retail interest.The price action comes as global trade tensions and new tariff uncertainties — including reports of China violating its trade agreement with the U.S. — injected volatility across risk assets. Despite these headwinds, the DeFi sector is showing renewed strength, with total value locked (TVL) surging to $178.52 billion. AAVE remains a key leader in the space, commanding a TVL of $25.41 billion.News BackgroundA key driver of...

Crypto markets saw a wave of liquidations in the past 24 hours as bitcoin (BTC) prices slipped under $104,000, triggering over $600 million in forced closures of bullish futures positions to mark the highest losses since February.A total of $688 million in liquidations hit traders, with 89% of them on the long side — reflecting a heavily bullish market. The largest single liquidation order was a $12.25 million BTC/USDT on OKX, Coinglass data shows.Bitcoin-tracked futures led losses at over $153 mmillion, followed by Ethereum (ETH) at around $122 million. Solana (SOL) faced liquidations totaling about $33 million, XRP futures at $30 million, and Dogecoin (DOGE) futures at over $22 million."Markets went red on Friday on renewed tariff-related apprehensions," said Alex...

A senior Democrat in the House of Representatives, Jamie Raskin, joined his name to lawmakers seeking answers about President Donald Trump's recent dinner for top investors in his memecoin, sending questions directly to Trump.Raskin, the ranking Democrat on the House Judiciary Committee, has been a vocal critic of the president and becomes the latest of many from his party to probe details about the event, which they've called out as evidence of White House corruption. Because Raskin is in the minority party, his demands are unlikely to lead to further congressional action unless they regain the House or Senate in next year's elections."I write today to demand that you release the names of all the attendees at this dinner and...