Coindesk

Bitcoin’s BTC illiquid supply has surged to 14.37 million BTC, jumping from 13.9 million BTC at the start of 2025, according to Glassnode data.With bitcoin’s current circulating supply standing at approximately 19.8 million, this means over 72 percent of all mined BTC is now classified as illiquid.Illiquid supply refers to the portion of BTC held by entities with minimal spending behavior, such as long-term investors and cold wallet holders. These coins are effectively taken out of the market, reducing the amount available for trading. As more investors opt to store bitcoin rather than trade it, the liquid portion of the supply shrinks, tightening market availability.This trend is significant because a growing illiquid supply often reflects increasing investor confidence and long-term...

Pepe (PEPE) PEPE, one of the most prominent meme coins, is struggling to hold investor interest, falling 4.7% over the past 24 hours to $0.000009499, according to CoinDesk Research's technical analysis model. The token's sharp decline marks a continuation of its recent downtrend, which has been marked by intense volatility and heavy intraday selling.Once a retail darling with viral momentum and even a brief nod from Elon Musk back on April 9, PEPE has since slipped in market influence as attention shifts back to Bitcoin. Musk had briefly adopted a PEPE-themed profile picture that day, a move that sent waves through the meme coin space. Still, the hype has largely faded.This downturn is part of a broader shift across crypto...

Australia’s Securities and Investment Commission (ASIC) has turned to three of the country’s most seasoned finance figures to probe the inner workings of the Australian Securities Exchange, including the exchange's doomed blockchain project.ASIC launched the inquiry on June 16 over “ongoing concerns” it and the Reserve Bank of Australia expressed about the exchange’s ability to run stable and secure market plumbing.Those concerns intensified when ASX scrapped a blockchain-based upgrade to its CHESS settlement engine in 2022, forcing a costly reset and drawing political heat. ASIC later sued ASX over making misleading statements on the project.Rob Whitfield, a former Westpac chief risk officer and now a Commonwealth Bank director, will chair ASIC's panel. Joining him are Christine Holman, who sits on...

Coinbase has introduced cardano's ADA ADA and litecoin LTC on its Ethereum layer-2 network Base via cbADA and cbLTC.These assets are fully backed by ADA and LTC locked in Coinbase custody, minted and burned on demand at a one-to-one ratio, with regular proof-of-reserves to back up the claims. Data shows over 11,300 wrapped LTC and 2.9 million wrapped ADA have already been minted on Base and are actively circulating.Coinbase has previously issued versions of bitcoin BTC, ether ETH, XRP XRP, and dogecoin (DOGE on Base, creating one of the most comprehensive cross-chain ecosystems in layer 2.Wrapped tokens solve the interoperability puzzle. ADA and LTC are native to other blockchains and cannot be directly used on Ethereum or dependent layer 2s,...

Dogecoin is showing fresh signs of strength after rebounding 17% from weekend lows, with strong buying pressure defending the critical $0.16 support zone. The bounce comes as geopolitical tensions and macroeconomic uncertainty continue to weigh on markets, yet DOGE appears to be building a higher low structure that could set the stage for further upside.News BackgroundThe broader crypto market has been rocked by escalating global tensions and unstable trade dynamics, but Dogecoin has managed to hold ground after a sharp decline to $0.142.In the 24-hour period ending June 26, DOGE stabilized above $0.165 and closed at $0.1657—up nearly 3% from the session low.Coinbase recently added support for DeFi applications using wrapped Dogecoin (wDOGE) on its Layer-2 Base network, potentially expanding...