Coindesk

The dollar value locked in open XRP options contracts listed on Deribit is rapidly climbing to a record as the token's high implied volatility draws yield hunters.The so-called notional open interest (OI) has risen to nearly $98 million from $71 million since the June 27 quarterly expiry, a solid 38% rise in two weeks. It is now nearing the June 24 record of $102.3 million, according to data source Deribit Metrics. In contract terms, the OI has increased by 26% to 42,414. (The contract multiplier for XRP on Deribit is 1,000 XRP).Behind the increase is the token's implied volatility, a measure of expected price swings over a specific period. XRP's is higher than bitcoin (BTC), ether (ETH) and solana (SOL),...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3272.26, up 0.8% (+24.45) since 4 p.m. ET on Wednesday.Sixteen of 20 assets are trading higher.Leaders: SUI (+6.4%) and AVAX (+3.0%)Laggards: AAVE (-2.7%) and UNI (-1.3%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Polkadot's DOT (DOT) surged as much as 5% in the last 24-hours, climbing from $3.52 to $3.70 as bulls dominated the session, according to CoinDesk Research's technical analysis model.The model showed that a key breakout occurred at 19:00 on July 9, with DOT spiking to $3.63 on heavy volume of 4.21 million.The rally in Polkadot came as the wider crypto market also rose, with the broader market gauge, the CoinDesk 20, recently up 3.5%.Bitcoin, the world's largest cryptocurrency, was approaching all-time highs at $112,000.In recent trading, DOT was 3.5% higher over 24 hours, trading around $3.67.Technical Analysis:Robust volume-based support established around $3.54 during the 18:00-21:00 surge on 9 July. Key resistance levels identified at $3.69-$3.70 where price encountered dual reversals...

By Omkar Godbole (All times ET unless indicated otherwise)Everyone’s buzzing about bitcoin (BTC) finally catching a bid, setting record prices on several exchanges and igniting bullish excitement. But don't let the spotlight on BTC cast AI coins into the shadow.Major tokens supposedly associated with artificial intelligence, such as TAO, ICP, RENDER and FET, surged as much as 8% in the past 24 hours, outpacing even the 10 largest coins by market cap.The catalyst is chipmaker Nvidia, a bellwether for all things AI, which rallied to a market valuation of $4 trillion on Wednesday, the first time any company has achieved this milestone."The size and success of this giant, and the other US tech behemoths, underscores how much the AI trade...

The international arm of Ant Group, the company backed by Alibaba founder Jack Ma, plans to bring Circle’s USDC stablecoin onto its proprietary blockchain.The rollout will start once U.S. regulators certify the dollar-pegged token under the new federal rules, Bloomberg reported, citing people familiar with the deal.The move would give USDC a link to a network that processed more than $1 trillion in global payments last year, a third of them settled on-chain. That scale could make Ant the largest overseas corporate user of a U.S.-issued stablecoin.Ant International is also applying for stablecoin licenses in Singapore, Hong Kong and Luxembourg, according to the report. The group wants regulated digital dollars, central bank digital currencies and tokenized bank deposits to sit...