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 3926.49, down 1.1% (-44.65) since 4 p.m. ET on Thursday.None of the 20 assets are trading higher.Leaders: ETH (+0.0%) and BTC (-0.1%).Laggards: ADA (-3.1%) and LINK (-2.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Hedera’s native token HBAR is testing a key level of support at $0.23 after selling off by more than 3% on Friday.Trading volume spiked beyond 80 million during crucial intraday windows on August 21.Despite the sell-off, HBAR has a number of bullish catalysts; SWIFT revealed plans to launch live blockchain payment trials featuring HBAR across its $150 trillion annual payments network starting in November 2025. At the same time, speculation over a potential exchange-traded fund gathered steam after Grayscale filed Delaware trust documents linked to HBAR. These developments spotlight hashgraph technology’s ability to process over 10,000 transactions per second, bolstering investor confidence in its role in transforming traditional finance infrastructure.With global payments integration on the horizon, HBAR continues to attract...

By Shaurya Malwa (All times ET unless indicated otherwise)Bitcoin (BTC) is sitting around $113,00 having failed to clear $115,000. Not so long ago, when it was setting new highs and euphoria called for a push to $135,000, those numbers would have sounded wild. Now things are more muted. The CoinDesk 20 Index (CD20), a benchmark for the largest digital assets, slipped to 3,996, down 0.46% on the day after opening above 4,012. It touched a low of 3,957, showing how the pullback has been broad, not just a bitcoin story.For the time being, the market seems to be waiting for Fed Chair Jerome Powell to step up to the podium at Jackson Hole and either calm nerves or shake things...

European Union policymakers are discussing ramping up efforts to introduce a digital euro as the U.S.’ new stablecoin law intensifies pressure on the bloc to keep up the pace in the fast-moving world of digital money, the Financial Times reported, The U.S. Congress last month approved the GENIUS Act, a framework for the $288 billion stablecoin sector dominated by dollar-pegged tokens like Tether's USDT and Circle Internet's (CRCL) USDC. The move caught many in Europe off guard, according to people familiar with the talks, and sparked concerns that dollar-pegged tokens could tighten America’s grip on cross-border payments if the EU doesn’t accelerate its own plans.In a notable shift, officials are now weighing whether to launch the central bank digital currency...

South Korea’s largest financial groups are set to meet officials from Tether and Circle Internet (CRCL), issuers of the two largest stablecoins, as early as this week, according to Yonhap.In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will discuss potential partnerships on distributing and transacting with dollar-pegged stablecoins in the country, as well as explore the issuance of a stablecoin pegged to the won.The moves come as President Lee Jae Myung’s pro-crypto administration pushes to establish a market for stablecoins, digital tokens whose value is pegged to a conventional asset, tied to the won, a key pledge from his election campaign. The Bank of Korea shelved plans to issue a central bank digital currency (CBDC) in...