Coindesk

Cosmos' ATOM token slumped by 4% in the past 24 hours as Thursday's short-lived crypto rally came to a halt on Friday.Market volatility has been lower on Friday, in part due to the nation July 4th holiday in the U.S.Bitcoin attempted to form a new record high on Thursday but fell just short, sliding from $111,000 to $108,000, with the majority of altcoins like ATOM following its lead.Technical analysisATOM-USD experienced a notable decline of $0.17 (3.95%) during the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $4.22 to $4.06.The asset established a clear downtrend after failing to maintain support at $4.17, with high-volume selling emerging at the $4.09 level.Volume spiked to 588,338 units during...

Tokenization platform Ondo Finance ONDO said it agreed to buy Oasis Pro, a regulated brokerage platform, laying the groundwork for rolling out tokenized stocks in the coming months.The acquisition, whose price was not disclosed, would give Ondo a bundle of U.S. securities licenses: a broker-dealer, Alternative Trading System (ATS) and transfer agent regulated by the U.S. Securities and Exchange Commission, a company statement said.Tokenization firms have increasingly sought regulated entities to enter the U.S. market as interest in blockchain-based securities soars. Tokenization aims to bring traditional financial instruments such as bonds, stocks and funds on-chain, promising faster and 24/7 settlements, broader investor access and programmable transactions. Reports from Ripple, BCG, McKinsey, and Standard Chartered have projected that tokenized assets could...

Nasdaq-listed crypto exchange Coinbase's Layer 2 scaling solution, Base, has gone from being the leader in 2024 in terms of capital inflows through cross-chain bridges to the top loser this year. Data from the Artemis Terminal shows Base has seen a net outflow of $4.3 billion this year, a stark contrast to the net inflow of $3.8 billion in 2024, which was the highest among the top 20 blockchains.Meanwhile, Ethereum, the world's largest smart contract blockchain, has registered a net inflow of $8.5 billion this year, compared to a net outflow of $7.4 billion in the previous year.The data show the momentum behind the Base chain has decelerated, with Ethereum reclaiming its top spot. Crypto bridges are protocols that facilitate...

Nano Labs (NA), a Nasdaq-listed chipmaker, snapped up about $50 million worth of Binance’s BNB (BNB) token as it works toward a goal of owning as much as 10% of the total supply.The Hong Kong-based company said it bought 74,315 BNB in an over-the-counter deal at an average price near $672.45, lifting its total digital asset reserves, including bitcoin (BTC), to around $160 million.The purchase marks the first major step in Nano Labs’ plan to allocate as much as $1 billion to BNB, funded partly through $500 million in convertible notes.Nano Labs’ shares fell 4.7% on Thursday, and slipped another 2.15% after hours to $8.20.The company isn’t alone in looking to accumulate BNB as a treasury reserve asset. A group...

Internet Computer Protocol (ICP) is trading at $4.8373, down 5.18% in the past 24 hours, while the broader crypto market as gauged by the CoinDesk 20 Index dropped only half as much. ICP faced renewed selling pressure as geopolitical risks and cybersecurity threats rattled digital asset markets. The decline comes amid troubling findings from cybersecurity firm Koi Security, which uncovered a network of malicious browser extensions targeting cryptocurrency users.The report identified more than 40 fake Firefox add-ons designed to mimic popular wallets like MetaMask and Coinbase. These extensions, some of which remain live in browser stores, are believed to have stolen sensitive credentials from unsuspecting users since at least April 2025.Technical metadata and language artifacts in the attack infrastructure point...