Coindesk

NEAR Protocol rallies 3% in 24-hour session ending July 8 at 14:00 UTC. Token climbs from $2.12 low to $2.19 close. Support holds firm at $2.13 level. Buyers step in during overnight volatility. Volume spikes to 2.55 million units during 01:00-02:00 bounce. Price action confirms $2.13 as critical support zone. Trading range spans $0.07, signaling healthy price discovery. Resistance breaks at $2.18 before final push to session highs. Final hour shows explosive momentum from 13:05 to 14:04 UTC. NEAR jumps from $2.18 to $2.19 peak. Token gains 0.5% in 60-minute window. Multiple support retests at $2.17 level hold strong. Volume surges to 56,437 units at 13:42 breakout. Price smashes through $2.18 resistance barrier.Technical analysis$2.13 support level proves resilient with consistent...

It’s hard to believe Jack Mallers is still only 31. The Bitcoin star has already founded several companies (including Strike and Zap) and had a hand in getting El Salvador to adopt BTC as legal tender, the first country to do so. Now, he’s forming a bitcoin treasury company — Twenty One — to rival the biggest on the market.Speaking to CoinDesk recently for an interview, Mallers explained how his new company came about (through friendship) and what motivates him about bitcoin’s continued advance to the heart of capital markets.Mallers said the idea for Twenty One came out of a Telegram group chat with executives at Tether. Mallers is a long-time friend of Paolo Ardoino, the CEO of Tether, which...

U.S. President Donald Trump’s Media & Technology Group (NASDAQ: DJT) has filed to list a new crypto exchange-traded fund (ETF) that would track a selection of digital assets, the latest in a string of such efforts tied to the Trump brand.The proposed "Truth Social Crypto Blue Chip ETF" would hold a portfolio of five tokens: bitcoin (BTC), ether (ETH), solana (SOL), XRP (XRP) and cronos (CRO), according to a filing with the SEC. Eighty-five percent of the fund’s holdings would be split between bitcoin and ether. Solana would make up 8%, cronos 5% and XRP 2%.The ETF is being launched in partnership with Yorkville America Digital, the same asset manager backing Trump Media’s earlier filings for a combined Bitcoin and...

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 3110.62, up 0.8% (+24.19) since 4 p.m. ET on Monday.Seventeen of 20 assets are trading higher.Leaders: UNI (+3.8%) and AAVE (+2.5%).Laggards: APT (-0.9%) and XRP (-0.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Benchmark's Mark Palmer initiated coverage of Semler Scientific (SMLR) with a buy rating and a $101 price target, citing the company’s dramatic pivot from medical diagnostics to bitcoin (BTC) accumulation as a key value driver.Semler, which spent over 15 years focused on chronic disease detection, adopted bitcoin as its primary treasury reserve asset in May last year. The move made it only the second U.S.-listed firm, after Michael Saylor's Strategy (MSTR), to adopt bitcoin as a treasury reserve asset.Since then, the company has acquired roughly 4,636 BTC for $430 million, with an average cost basis of $92,753 per bitcoin, the report said.Palmer noted that the stock rallied 178% in the six and a half months following its Bitcoin Standard announcement,...