Coindesk

Story Protocol’s IP tokens slumped 20% and retraced the entire move within hours late Monday in an unusual trading session.IP fell from nearly $4 to $3.27 in a four-hour period, jumping back to over $4 in a couple of hours after hitting the daily low. The majority of the trading volume during this event was concentrated on major exchanges Binance and OKX Spot, with over $40 million in trading volumes before the plunge and $138 million after recovery.The broader crypto market was relatively stable at the time, with bitcoin trading around $84,000 and no clear overarching trend impacting altcoins. This made the IP token’s sudden slump and recovery stand out as an isolated event.Rumors circulated that large volumes of IP...

Dogecoin (DOGE) shed 3% while bitcoin (BTC) and ether (ETH) remained flat in the past 24 hours as tariff concerns gradually subsided among traders, though fears of a U.S. recession increased in betting markets.“Prominent financial figures have started to warn that the U.S. is heading into an imminent recession, with betting markets placing 40% to 60% odds of one happening in 2025,” Augustine Fan, head of insights at SignalPlus, told CoinDesk in a Telegram message. “Our view is that it probably doesn't matter, as sentiment often frames reality, not the other way around.”“As such, crypto has benefited from the recent shake-out, as equities have been realizing higher volatility than Bitcoin through the risk-off move. A beggar-thy-neighbour policy with tariffs has...

Bitcoin (BTC) drifted ever so gently upwards Monday as the broader market adjusts favorably to trade-related news.The largest cryptocurrency was up 1.6% in the last 24 hours and is now trading just shy of $85,000. Ether (ETH), meanwhile, rose 2.7% in the same period of time to $1,630. The broad-market CoinDesk 20 Index — consisted of the top 20 cryptocurrencies by market capitalization except for stablecoins, memecoins and exchange coins — advanced 1.2%, led by gains in SOL and AVAX.After a couple of wild weeks, the stock market also edged higher today, the Nasdaq closing with a 0.6% gain and the S&P 500 rising 0.8%. Strategy (MSTR) and MARA Holdings (MARA), led among crypto stocks with roughly 3% gains.The modest...

The Securities and Exchange Commission (SEC) is not yet ready to make a decision on two critical features that issuers of the spot crypto exchange-traded funds (ETFs) are hoping to add to their products.The regulator delayed a decision on whether it will allow in-kind redemptions for WisdomTree’s Bitcoin Fund (BTCW) and VanEck's Bitcoin Fund (BITB) and Ethereum Fund (ETHW) on Monday. It also moved its deadline for a decision in regards to a proposal by Grayscale to allow staking its Ethereum Trust (ETHE) and Mini Ethereum Trust (ETH), which the asset manager’s exchange, NYSE Arca had requested in February.Cboe, the exchange that is associated with five of the other issuers of an ether ETF, including Fidelity, Franklin Templeton, VanEck and...

Circle’s euro-backed stablecoin, EURC, surged to a record supply as mounting U.S. trade tensions and a weakening dollar likely fuel demand for euro-denominated digital assets.EURC's supply grew 43% over the past month to 217 million tokens worth $246 million, ranking above Paxos' Global Dollar (USDG) and below Ripple's RLUSD by market capitalization, RWA.xyz data shows. Most of the EURC tokens circulate on the Ethereum network, up 35% in a month to 112 million, while Solana saw the fastest, 75% expansion to 70 million tokens. Base, Coinbase's Ethereum layer-2, also saw a 30% growth to 30 million in EURC supply.The token also experienced an uptick in on-chain activity, with active addresses rising 66% to 22,000 and the monthly transfer volume surpassing...