Coindesk

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 4114.26, down 4.4% (-188.51) since 4 p.m. ET on Friday.None of the 20 assets are trading higher.Leaders: SOL (-0.3%) and AAVE (-2.9%).Laggards: UNI (-11.3%) and FIL (-10.6%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Webull Corp. (BULL) reintroduced cryptocurrency trading for U.S. users, integrating the feature directly into its core investment app, the company said Monday.The move means traders no longer need to access Webull Pay separately to buy or sell cryptocurrencies. Instead, they can open and manage accounts and trade digital assets alongside stocks and options in one place.The Nasdaq-listed company said the revamped service supports 24/7 trading of more than 50 tokens, including bitcoin (BTC), ether (ETH) and solana (SOL). Crypto trading was available on Webull until 2023, when the Webull Pay digital asset business became a separate entity. "Now, with a new administration prioritizing regulatory clarity and adoption of digital assets, the environment has never been more favorable for bringing crypto...

What would a market that refuses to rally sustainably on the back of positive catalysts be called? A weak one, presumably. Looking under the hood, there is more than one single catalyst that's driving this market's volatility. Bitcoin (BTC) has retraced back to roughly where it was before the Fed Chairman Jerome Powell spoke dovishly on Friday. More losses could be in the pipeline if the support near $107,500 gives way, technical charts indicate. Meanwhile, spot and options market flows point to a rotation into ether from bitcoin. "BTC dominance slipped from 60% to 57% on the rotation. While still above the sub-50% levels of the 2021 altcoin season, positioning is feeding talk that whales expect ETH to outperform....

Japan's Finance Minister Katsunobu Kato said on Monday that cryptocurrencies can be part of a diversified portfolio."Crypto assets have risks surrounding high volatility, but through building an appropriate investment environment, they could be part of diversified investments," Kato said while speaking at an event in Tokyo, according to Bloomberg.The minister added that the government has been trying to ensure that innovation isn't stifled by excessive regulation.Kato's comments are particularly notable in the context of Japan's debt-to-GDP ratio exceeding 200%, which raises concerns about imminent financial repression and potential depreciation of the yen.Financial repression involves policies aimed at reducing government debt burdens through measures such as inflation, low or negative real interest rates, currency depreciation and capital controls.These policies tend to...

Galaxy Digital, Multicoin Capital and Jump Crypto are looking to raise $1 billion to build a treasury dedicated to Solana's SOL (SOL), Bloomberg reported on Monday.The three crypto firms have joined hands and have hired Cantor Fitzgerald as the lead banker, the report said, citing people familiar with the matter. They plan to buy out a listed firm and create a digital asset treasury company, the report added.Digital asset treasuries have become all the rage recently, with many firms copying the strategy popularized by Michael Saylor's bitcoin (BTC) holding firm Strategy (MSTR).At press time, Galaxy, Multicoin and Jump did not immediately respond to CoinDesk's request for commentThe deal is expected to close in early September and has gotten the green...