Coindesk

Dogecoin DOGE experienced sharp swings over the past 24 hours, initially surging to 20 cents before falling to 19.1 cents, representing a 6.63% range. The meme coin formed a V-shaped recovery pattern late in the session, climbing back to $0.192 with rising volume, though resistance remains firm around just above 20 cents.News BackgroundDogecoin’s latest price action comes amid renewed interest in meme tokens following a series of crypto market shake-ups.Speculation around a possible DOGE ETF has gained traction, with Polymarket data indicating a 51% chance of SEC approval in 2025 — a development that could inject institutional capital into the market.Meanwhile, Dogecoin’s integration with Coinbase’s Base network is adding functional value, introducing wrapped DOGE into DeFi ecosystems for the first...

Wednesday's softer-than-expected U.S. inflation has likely set the stage for accelerated gains in bitcoin BTC, potentially to $200,000 by the end of the year, according to Matt Mena, crypto research strategist at 21Shares."If BTC breaks out of the $105K-$110K range with conviction, we could see a sharp move to $120K and, more importantly, reach our year-end price target of $138.5K by the end of the summer," Mena told CoinDesk in an email. "Today’s CPI print may serve as a bullish catalyst for Bitcoin - and it may be the unlock that brings this target forward by several months. If momentum continues building, a $200K Bitcoin by year-end is now firmly in play," Mena added. 21Shares is one of the world's first...

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 its Thursday business day, ETH is trading at $2,770.ETH is up almost 11% this month, according to CoinDesk market data, outperforming BTC, which rose 5%.Part of this could be because of institutional trading demand, and the fact that it's overtaken BTC in derivatives markets as sophisticated investors increasingly bet on ETH’s structural growth and role as a gateway between decentralized finance (DeFi) and traditional finance (TradFi), OKX Chief Commercial Officer Lennix Lai told CoinDesk in...

GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering.Proceeds will be used at least in part for "making investments in a manner consistent with GameStop’s Investment Policy," per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, according to a March release from the company.Today's offering, only open to qualified institutional buyers, includes an option for purchasers to buy an additional $250 million in notes within two weeks of the initial issuance,. The notes carry no regular interest and will mature in June 2032 unless they are converted or repurchased earlier.Following the March announcement of the bitcoin treasury strategy, GameStop raised $1.3 billion...

Safe, the popular multiparty crypto wallet previously called Gnosis Safe, has launched a new development unit, Safe Labs, in a move aimed at consolidating its operations and sharpening its product roadmap after it was targeted in February's $1.4 billion ByBit hack — the largest crypto heist to date.The new entity will serve as the core development arm of Safe, which until now had outsourced technical work to a separate development firm, a structure commonly used across the crypto industry, Safe Labs Chief Executive Rahul Rumalla said on Wednesday. Safe Labs will operate directly under the umbrella of the Safe Foundation, a nonprofit organization.In an interview with CoinDesk, Rumalla said the transition reflects a broader strategy shift toward building products that...