Coindesk

Internet Computer (ICP) advanced 2.98% over the past 24 hours to trade at $4.9487, breaking past the critical $4.90 resistance and forming a base for further upside toward the key psychological $5.00 level. The rally reflects not only strong technical momentum but also growing traction in the protocol’s ecosystem - particularly in Bitcoin-integrated DeFi.The total supply of ckBTC (Chain-Key Bitcoin) on ICP has increased from 254 to 349 tokens since June 9, a 37% rise in under a month, a post on X highlighted. This marks an uptick in Bitcoin inflows into ICP’s DeFi infrastructure, which offers secures fast interoperability.On the price action side, ICP traded within a $0.21 range between $4.73 and $4.93, with a clear upward bias. Momentum...

AI infrastructure firm CoreWeave's (CRWV) deal to buy Core Scientific (CORZ) will raise the valuation floor for bitcoin (BTC) mining stocks but is unlikely to be replicated, Wall Street bank JPMorgan said in a research report Tuesday."Much like the company’s first HPC deal with CoreWeave announced last summer, the terms and purchase price appear to be a one-off," analysts Reginald Smith and Charles Pearce wrote.CoreWeave said Monday it had agreed to buy Core Scientific in an all-stock transaction valuing the bitcoin miner at about $20.40 per share, based on recent closing prices.The bank's analysts noted that Core Scientific closed at around a 25% discount to the deal terms the day the takeover was announced. Given the year-end projected close, the...

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 3188.0, up 1.8% (+56.34) since 4 p.m. ET on Tuesday.All 20 assets are trading higher.Leaders: XLM (+10.3%) and POL (+6.7%).Laggards: BTC (+0.4%) and SOL (+1.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Credit card users in Japan can now convert their loyalty points into crypto. Major conglomerate SBI Group's APLUS is letting cardholders redeem APLUS points for small amounts of bitcoin (BTC), ether (ETH), or XRP (XRP).2,100 points will earn users over 2,000 japanese yen worth of tokens, around $13 at current exchange rates. The crypto is handled by SBI’s exchange arm and deposited directly into the user’s VC Trade account. The feature is opt-in and available only for cards that qualify under the APLUS Points program.Although a relatively small amount, it marks the first time cryptocurrency has been added to APLUS’s prize catalog, which previously focused on cashbacks and partner rewards. For SBI, it’s a low-stakes way to drive user exposure...

Shiba Inu (SHIB) whales have stepped up their sales as the cryptocurrency's price recovery looks to gather steam alongside an uptick in futures market activity. The path of least resistance still appears to be on the higher side.SHIB, the world's second-largest meme token by market value, traded above the 23.6% Fibonacci retracement of the May-June sell-off as of writing, up over 1% on a 24-hour basis, according to CoinDesk data.Bullish RSIPrices have gained over 5% in one week alongside bullish signals from key indicators such as the 14-day relative strength index. The momentum oscillator has crossed into the bullish territory above 50 for the first time since May 23.Supporting the bull case are volume figures, which have exceeded the daily...