Coindesk

Ark Invest is continuing to take profit from its bet on Circle's meteoric run as a listed firm. It also bought 4,198 shares of Coinbase, worth $1.3 million and 319,640 shares of Robinhood, worth $24.4 million. The Cathie Wood-led investment firm sold 415,855 shares of Circle across its various ETFS, valued at $109.6 million based on the stablecoin operator's last close of $263.45 on Monday.Last week, the investment company sold 609,175 shares of Circle. It had earlier sold Circle shares in two more tranches.Circle, which operates the second largest stablecoin USDC, was listed in the U.S. earlier this month. Since then, Circle has jumped 7.5 times from its IPO price of $31.Ark quickly scooped up shares of Circle and has...

Ether (ETH) ETH is trading at $2,420, up 8.61% over the past 24 hours, after surging sharply in the hours following former U.S. President Donald Trump’s unexpected announcement of a ceasefire agreement between Israel and Iran, according to CoinDesk Research's technical analysis model. The move appears to have reversed recent war-driven market anxiety, fueling renewed bullish sentiment across crypto markets.At 10:02 p.m. UTC on June 23, Trump posted on Truth Social that a full ceasefire agreement had been reached by both Israel and Iran. According to his statement, each country would pause hostilities in coordinated stages: Iran would initiate a 12-hour ceasefire, followed by Israel, leading to a 24-hour complete cessation of the conflict. Trump described this as a successful...

Shares of stablecoin issuer Circle (CRCL) soared to a fresh record high on Monday extending their explosive rally since its IPO and making the company worth almost as much as its flagship token's market capitalization.Shares were up another 22% at one point Monday morning, hitting a record high just shy of $299, before giving back some of the advance. The stock closed around $263, up 9% for the session. Since the IPO earlier this month priced at $31, shares have appreciated a whopping 750%.At its peak, Circle’s market capitalization reached roughly $60 billion, putting it nearly on par with the $61.3 billion supply of its USDC USDC stablecoin. It also brings the firm within striking distance of crypto exchange Coinbase...

Cipher Mining (CIFR) has begun bitcoin BTC production at its 300-megawatt (MW) Black Pearl facility in Texas, the company announced on Monday. The launch marks a key milestone for the firm, which now operates five active bitcoin mining data centers.Phase I of the site, currently running at 150 MW, has reached an initial hashrate of 2.5 exahashes per second (EH/s). That number is expected to rise to 9.6 EH/s by the end of the third quarter, as new mining rigs arrive and replace older units. Once fully operational, Cipher's total fleet will push toward a self-mining capacity of 23.1 EH/s.The company delivered the site in 16 months and credits its operational discipline for maintaining low production costs amid industry volatility.“We’re...

Aptos' APT token started to bounce back with the wider crypto market, establishing a strong uptrend from $3.84 to $4.08, representing an 8.85% range, according to CoinDesk Research's technical analysis model.Read more: BTC Bounces Back Above $102K After Iranian Strikes on U.S. Bases in the GulfThe model showed that a clear support zone for APT formed around $3.87-$3.89, validated by high-volume buying.In recent trading, APT was 6.6% higher over 24 hours at around $4.096. The broader market gauge, the CoinDesk 20, was up 5.3% at publication time.Technical Analysis:Potentially strong support established at the $3.87-$3.89 zone with high-volume buying validation.Possible ascending channel formation with progressively higher lows at $4.012, $4.025, and $4.035.The resistance level was identified at $4.08-$4.10, and multiple tests...