Coindesk

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...

By Francisco Rodrigues (All times ET unless indicated otherwise)Bitcoin (BTC) briefly rose past $110,000 after headlines out of London pointed to progress in U.S.-China trade negotiations. It's now dropped back to remain little changed over 24 hours while the CoinDesk 20 (CD20) index rose 2%, suggesting a rotation into altcoins.One factor keeping bitcoin at bay and the preference for altcoins might be that the agreement out of London remains tentative, still needing sign-off from both Presidents Donald Trump and Xi Jinping.In traditional markets, the reaction was also mixed. Asian equities rose, with the Hang Seng index adding 0.8%, European stock indexes gained less than 0.2% and U.S. index futures pointed down. “There’ve been several twists and turns already, and markets...

Shiba Inu (SHIB) whales appear to be in a risk-off mode ahead of the pivotal U.S. inflation data, which is likely to show a renewed uptick due to U.S. President Donald Trump's tariffs.Major whale transactions exceeding $100,000 have crashed by 91.5% over the past four days, shifting market control from institutional to retail investors, according to CoinDesk's AI insights.Prices, however, have raised bulls' hopes, topping key resistance at 0.0000133 with a massive 975 billion volume spike. The cryptocurrency has also moved above the widely-watched 100-day simple moving average (SMA).Additionally, a record 1.5 million wallets now hold SHIB tokens, representing 0.011% of the global population, a sign of accelerated community growth.Key technical insightsSHIB-USD pair climbed from 0.0000129 to 0.0000134, representing a...