Coindesk

BlackRock's spot bitcoin (BTC) exchange-traded fund (ETF) listed on Nasdaq under the ticker IBIT rose 3.49% last week, snapping a four-week downtrend in trading volumes.A total of 210.02 million shares changed hands in the week ended June 27, registering a 22.2% growth from the preceding week's volume tally of 171.74 million shares, according to data source TradingView. That's the first weekly growth since the third week of May.The renewed upswing in volume comes amid continued demand for the ETF. Last week, IBIT registered a net inflow of $1.31 billion, following the preceding week's tally of $1.23 billion. The largest publicly listed fund has amassed $3.74 billion in investor money this month, according to data source SoSoValue.The 11 spot ETFs listed...

Signs of green shoots have emerged in the shiba inu SHIB market, with whale accumulation and an inside week candle suggesting a price recovery ahead.SHIB's price has dropped nearly 27% to $0.00001160 since mid-May, hitting a 16-month low of $0.00001005 at one point, according to data source TradingView.The decline, however, prompted whales – investors with ample capital supply and ability to move markets – to go bargain hunting. These entities recently purchased 10.4 trillion SHIB tokens worth approximately $110 million, according to CoinDesk's AI insights.Meanwhile, prices bounced 11% in the seven days to June 29, forming an "insider week" candle, signaling a pause in the downtrend.The pattern occurs when the trading range (high- low) of a weekly candle is entirely...

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.As Asia begins a new trading week, ETH is trading close to $2500, up 11% in the seven days, according to CoinDesk market data, outperforming BTC.Market observers have attributed ETH's outperformance versus bitcoin and other major cryptocurrencies to a string of bullish headlines in the past few weeks. Stablecoins have regulatory clarity thanks to the GENIUS Act – and Ethereum is home to the most stablecoin deposits; ETH exchange-traded funds (ETFs) continue to see sizable flow.Technical analysis by...

Bitcoin (BTC) BTC traded at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours, as attention turned to fiscal policy tensions in Washington following President Trump's latest post on Truth Social.Price action remained volatile, with BTC fluctuating between $107,194 and $108,489 during the 24-hour window, according to CoinDesk Research's technical analysis model. On June 29, 2025, President Donald Trump posted a pointed message on Truth Social addressing Republican lawmakers amid intense debate over his sweeping tax-and-spending package. “For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before,” he wrote. This...

BNB BNB traded in a narrow range on Sunday, reflecting resilience amid low volatility as the BNB Chain community gears up for a significant infrastructure upgrade, according to CoinDesk Research's technical analysis model. The Maxwell hard fork upgrade scheduled for June 30 is poised to enhance the performance of the BNB Smart Chain (BSC) mainnet by cutting block times from 1.5 seconds to 0.75 seconds—doubling the chain’s throughput potential.This upgrade builds on earlier milestones like the Lorentz fork, which reduced block time from 3 seconds and introduced enhanced network stability. Maxwell moves BSC into sub-second block speeds, helping it compete more directly with faster chains such as Solana.The hard fork will be powered by three protocol improvement proposals: BEP-524, BEP-563...