Coindesk

The popular frog-themed memecoin PEPE surged 10% in 24 hours to reach $0.00001049, fueled by technical signals that could point to more upside amid a wider memecoin market rise.The token climbed from $0.00000949 to $0.00001049, hitting a peak of $0.00001077 in early trading before retracing slightly.A key technical pattern, a golden cross, where the short-term moving average rises above the long-term average, has formed on PEPE’s chart, hinting at sustained bullish momentum.A golden cross is widely watched in trading circles because it suggests that recent buying pressure might carry over into a longer-term rally.Trading volume spiked significantly during the rally, hitting 13.7 trillion tokens in a single hour as the price started lifting, and 7.7 trillion later on, underscoring the...

The Abu Dhabi Securities Exchange (ADX) said on Thursday it is preparing to list the first blockchain-based bond in the Middle East and North Africa (MENA) region, a move that signals growing momentum behind tokenized finance in the region.Set to be issued by First Abu Dhabi Bank (FAB) using global bank HSBC’s digital asset issuance platform Orion, the bond will be recorded and traded on distributed ledger technology, the press release said. That means investors will be able to buy and hold the bond directly on blockchain rails, potentially speeding up settlement times, reducing counterparty risk and enhancing transparency.The bond will be accessible to global institutional investors via major securities settlement systems including Euroclear, Clearstream and Hong Kong’s Central Moneymarkets...

The stablecoin market is poised to grow to $500 billion by 2028, according to JPMorgan (JPM) strategists, a projection that falls well short of some of the more exuberant forecasts calling for a $1 trillion to $2 trillion market cap within the same timeframe, the Wall Street bank said in a research report on Thursday.In the note led by strategist Nikolaos Panigirtzoglou, the bank outlined a more tempered view of the sector's trajectory, arguing that crypto-native demand, not broader payment adoption, remains the primary driver of stablecoin usage.“We find forecasts for an exponential expansion of the stablecoin universe rom $250 billion currently to $1 trillion-$2 trillion over the coming years as far too optimistic," the team wrote.Stablecoins are cryptocurrencies whose...

Crypto Daybook Americas will not be published on Friday owing to the July 4 holiday. It will return on Monday. Wishing our U.S. readers a happy Independence Day.By James Van Straten (All times ET unless indicated otherwise)Bitcoin BTC hit $110,000 for the first time since June 11 and is now within striking distance of its $112,000 all-time high, which was recorded on May 22.Bitcoin dominance has slipped from its June 22 high of just over 66% and now stands a bit above 65%. This figure reflects bitcoin’s market capitalization relative to the entire crypto market. Currently, bitcoin boasts a market cap of $2.2 trillion.Today's major economic event is the release of the U.S. jobs report. Nonfarm payrolls are expected to...

Bitcoin BTC topped the $110,000 mark for the first time since June 11 after more than $407.78 million flowed into U.S.-listed bitcoin spot ETFs on Wednesday and before a key U.S. jobs report due later in the day.The ETF inflow boosted the lifetime tally to $49.04 billion, according to data source SoSoValue. BTC's upswing brought cheer to the broader market, lifting major tokens such as XRP (XRP), ether (ETH), SOL (SOL) and ADA (ADA). Standout gainers were memecoins BONK and FARTCOIN, which boasted 24-hour gains of over 20%, a sign of increased investor willingness to take risk. The CoinDesk Memecoin Index gained 12.6% while the CoindDesk 20 Index of the largest tokens rose 4.3%.Traders are looking toward the U.S. nonfarm...