Coindesk

Recent escalations in global trade disputes have created a complex backdrop for cryptocurrency markets, with BNB demonstrating notable strength despite economic headwinds. The token's upward momentum comes as investors seek alternative assets amid traditional market volatility caused by ongoing geopolitical tensions. While central banks worldwide adjust monetary policies to combat inflation, digital assets like BNB are increasingly viewed as potential hedges against economic uncertainty.Technical Analysis HighlightsPrice action formed a clear uptrend, breaking through key resistance at $687.50 with above-average volume during the 00:00 hour push to $691.06, establishing new support at the $688.70 level.Most significant price movement occurred between 23:00-00:00 when BNB surged on 45,675 units of volume (well above the 24-hour average), confirming strong buyer conviction.In the last hour,...

Artificial intelligence (AI) project Donut has raised $7 million in pre-seed funding to build its Solana-based agentic crypto browser, a tool that helps users engage with blockchain applications.The funding round was led by Hongshan (formerly Sequoia CN), BITKRAFT, and HackVC, Donut announced on X on Thursday. Donut's AI agent-powered browser includes a native cryptocurrency wallet and interacts with decentralized exchanges (DEXs) and other decentralized networks.The browser's AI algorithms process both webpage content and its user's actions in order to autonomously execute on-chain operations.In effect, the browser is designed to help its users transact, trade and earn in real time "like a terminal," according to Donut's post on X. AI agents have been hailed as a key to unlocking the...

Rain, a crypto card platform that lets users spend stablecoins anywhere Visa (V) is accepted, said it has added support for Solana SOL, Tron TRX and Stellar XLM networks.The update makes it easier for companies building on those chains to launch their own branded cards, backed by either custodial or non-custodial wallets, that work across borders and payment use cases. Users can then pay with stablecoins in real-world scenarios like buying groceries, sending business payouts or receiving funds overseas.The move underscores the growing trend of using blockchain rails for everyday payments, primarily in the form of stablecoins, a special subset of digital tokens tied to fiat currencies. Stablecoin payment volume taken in February of this year amounted to an annualized...

Ether ETH has increased in value by 45% over the past 30 days, outperforming the decentralized finance (DeFi) market and bitcoin, which are up 21% and 13% respectively in the same period.Much of ether's rise has been attributed to institutional interest that has led to record inflows from spot ETH ETFs.ETH's rise came after a lull in sentiment earlier this year as rival layer-1 blockchains like Solana took the limelight with a flurry of memecoin releases.At the turn of the year ETH was trading at $3,340 however by early April it had tumbled to as low as $1,472 amid global uncertainty related to U.S. tariffs. But now, as documented in an article by CoinDesk analyst Omkar Godbole on Thursday, ether...

CANTO, the native token its namesake's layer-1 blockchain, experienced a volatile trading session on Thursday, rising by 250% before losing 60% of its value over the subsequent six hours. The platform had lost the majority of its TVL (total value locked) and trading appetite after a feverish launch last year that saw it reach a $238 million market cap with $204 million in TVL.It currently has just $4.6 million worth of assets locked on the chain as a network outage prompted an exodus from the chain.Canto's plight also occurred during a wave of new layer-1 and layer-2 blockchains that caused an over saturation in protocols and liquidity.The project has not posted an update on X since September, despite stating that...