Coindesk

Ether (ETH) ETH drifted around $2,770 for most of Tuesday until roughly 8 p.m. ET, when officials said negotiators in London had forged a draft U.S.–China trade framework. The outline — till awaiting presidential approval — would see Beijing resume rare-earth exports while Washington eases curbs on advanced-technology sales. At 8:04 a.m. ET on Wednesday, former U.S. president Donald Trump posted on Truth Social that “OUR DEAL WITH CHINA IS DONE,” pending his and President Xi’s formal approval. Trump claimed the accord would leave U.S. tariffs on Chinese imports effectively at 55 percent versus Beijing’s 10 percent, promised that China would front-load supplies of magnets and other rare-earth materials, and said Washington would uphold concessions such as continued access...

*** NOT FOR PUBLICATION - EMBARGOED TILL 12PM ET JUNE 11 ***The formation of a U.S. Strategic Bitcoin Reserve (SBR) marks a pivotal step in bitcoin’s BTC evolution as an institutional asset, crypto exchange Gemini said in a Thursday report co-authored with data firm Glassnode.With over 30% of circulating supply now held by centralized entities including exchanges, exchange-traded funds (ETFs), companies and sovereigns, bitcoin is undergoing a structural shift driven by long-term capital and strategic custody, the report said.Each sovereign dollar invested in bitcoin carries an outsized impact, the report said, with $1 of SBR capital potentially generating $25 in market cap expansion and $1.70 in lasting value. This shows the "reflexive power of institutional inflows."U.S. President Donald Trump directed...

Avalanche’s AVAX AVAX token has established strong support around the $22 level, successfully defending against multiple downward tests, according to CoinDesk Research's technical analysis model.AVAX is up 4% in the last 24 hours, outperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 2.5% in the same period of time.Technical Analysis• AVAX established a key high-volume support zone around $22.00 that successfully defended against multiple tests.• Price action showed a 3.89% range from the low of $21.62 to the high of $22.64, indicating moderate volatility.• Most significant price movement occurred with a 2.44% increase in volume, 2.8x higher than the 24-hour average.• Formation of higher...

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 3283.15, up 0.4% (+13.33) since 4 p.m. ET on Tuesday.Eight of 20 assets are trading higher.Leaders: AAVE (+2.8%) and BCH (+1.9%).Laggards: POL (-2.1%) and DOT (-1.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Global credit rating giant Moody's Ratings and tokenization startup Alphaledger have completed a test run showing that municipal bond credit ratings can be embedded into blockchain-based securities, the companies told CoinDesk.The trial, conducted on the Solana SOL blockchain, showcases how credit ratings—typically distributed through proprietary data terminals—could be integrated into tokenized assets on public blockchains.In the proof of concept, a simulated municipal bond was tokenized using Alphaledger’s platform. The bond’s credit rating, provided by Moody’s, was automatically submitted and attached to the token on-chain. The project used an API to move data from Moody’s off-chain systems to Solana’s public blockchain.For institutional investors navigating decentralized markets, the lack of standardized, trusted information remains a hurdle. By baking a known credit rating...