Coindesk

Polkadot's DOT showed a clear trading range of 4.4%, with price action characterized by a sharp rally to $3.46 followed by a substantial correction, according to CoinDesk Research's technical analysis model.The model showed that support has now formed at the $3.32 level, which is currently being tested.The Polkadot ecosystem suffered a notable slowdown in transaction activity in the first quarter of the year, with a 36.9% drop from the previous quarter to 137.1 million transactions.In recent trading, DOT was 2.4% lower over 24 hours at around $3.31. The broader market gauge, the CoinDesk 20, was 2.4% lower at publication time.Technical Analysis:The 19:00-20:00 timeframe on June 30 saw the strongest bullish momentum with above-average volume (1.81M), establishing resistance at $3.46. Support...

New York Attorney General Letitia James sounded the alarm on the U.S. Senate’s stablecoin bill, warning Congress on Monday that the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act — at least as it currently stands — “do not contain the necessary guardrails to protect the American public.”In an eight-page letter sent Monday, James urged Congress to slow down its efforts to pass stablecoin legislation and “take the time necessary to draft legislation that will enhance innovation while protecting our banking system that is the envy of the world.”This is not James’ first letter to Congress warning of the dangers of what she has called “the unchecked proliferation of digital assets.” In an April letter to...

With the U.S. Senate's passage of the bill meant to carry forward the bulk of President Donald Trump's policy agenda, last-minute changes to the "One Big Beautiful Bill" didn't include a proposal to clarify and ease crypto taxation.Though Senator Cynthia Lummis had advocated changes to the U.S. approach to taxing cryptocurrency transactions, including waiving capital-gains taxes on small-scale activity, it wasn't among the amendments to the bill that narrowly passed on a 50-50 vote on Tuesday in which Vice President J.D. Vance had to step in to break the tie.Senators had worked through the night debating amendment after amendment, most of which failed, on their way toward a Republican success. But Lummis' amendment wasn't among them, despite 11th-hour lobbying efforts...

Litecoin (LTC) has traded sideways over the last 24-hours, after coming down from a two-week high above the $88 mark. The token has been bouncing between $85 and $87 in today’s trading session, underlining a tug-of-war between dip-buyers and sellers who treat $87 as a ceiling.Charts hint at a looming “golden cross,” the moment a 50-day moving average climbs above the 200-day line, according to CoinDesk Research's technical analysis data model.The pattern often precedes multi-week rallies, yet momentum remains weak until bulls punch through $87. The wider crypto market, as measured by the CoinDesk 20 (CD20) index, dropped just 0.25% over the last 24 hours.Future prospects tell a bright story. Bloomberg analysts on Monday raised the chance that the Securities...

AI-focused NEAR token is down by 2% on Tuesday to reflect broader altcoin market weakness and a negative response to a governance proposal by trading firm DWF Labs.DWF proposed to cut NEAR's inflation from 5% to 2.5%. While this might have a bullish impact on prices in that tokens will be more scarce, network validators might switch to other networks if their rewards are slashed too much, creating a debate over a potential lack of decentralization.Technical analysisThe 19:00-20:00 period on June 30th marked the peak with the highest price point, followed by consistent lower highs, suggesting continued selling pressure that could test the established support zone in the near term.In the last 60 minutes from 1 July 13:06 to 14:05,...