Coindesk

Alpaca Finance, once a cornerstone on the BNB Chain and an early leader in leveraged yield farming, will shut down operations by the end of 2025 due to an unsustainable business model amid a more competitive and capital-intensive DeFi landscape.The protocol said Monday that it will begin winding down all products, including its original yield farming platform, automated vaults, and decentralized perpetuals, over the next few months.Front-end access will remain available through December 31, 2025, to give users time to withdraw their assets.“This choice wasn’t made lightly,” the Alpaca team wrote. “But we believe it is the most responsible course of action to safeguard our community and ensure a graceful and secure wind-down.”Launched during decentralized finance's (DeFi) 2021 boom, Alpaca...

Bitcoin BTC was just 1% lower in the past 24 hours, while XRP XRP and dogecoin DOGE slipped 2.5% each, signaling a tepid recovery rather than a firm rebound.Markets were jolted late last week after U.S. President Donald Trump proposed raising tariffs on European imports to 50%, up from a previously discussed 20%.“Bitcoin's rebound came after Trump decided to delay imposing new EU tariffs, which had initially sparked a market downturn over the weekend,” Jeffrey Ding, chief analyst at HashKey Group, told CoinDesk in a Telegram message.“Traders see these macroeconomic events as a welcome stability boost, encouraging a risk-on sentiment, especially as MicroStrategy’s Michael Saylor hinted at upcoming Bitcoin purchases,” Ding added.Markets calmed somewhat on Monday after Trump announced he...

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin's BTC bull run has stalled, with emerging technical signals pointing to a possible price pullback.The leading cryptocurrency by market value traded near $108,000 at press time, probing the bullish trendline, characterizing the sharp rise from $75K to record highs over $110K, TradingView data show.There has been little bullish action in the past 24 hours despite reports that the Trump family media company plans to raise $3b billion to buy cryptocurrencies such as bitcoin.A key momentum indicator called the 30-day rate of change (ROC), which measures the percentage increase or decrease in bitcoin's price over the past month, has chalked out a "bearish divergence."The bearish pattern...

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.Uniswap's UNI token surged from $6.00 to $6.65 over the past 24 hours, pushing the token up 5%, while the broader market gauge CoinDesk20 Index fell 1.8% in the last 24 hours. This momentum coincides with Uniswap recording its highest monthly transaction volume since February, processing over $73 billion in trades and generating more than $380 million in revenue this year, as institutional interest grows and a notable whale re-entered the market by acquiring nearly $4 million worth...

Bitlayer, a Bitcoin Layer 2 built on the BitVM paradigm, has partnered with three of the world’s largest bitcoin BTC mining pools — Antpool, F2Pool, and SpiderPool — in a first-of-its-kind collaboration to accelerate the real-world adoption of BitVM, a breakthrough technology focused on enabling Bitcoin-native DeFi.Bitcoin’s ecosystem has lagged behind other Layer 1s like Ethereum for years due to technical limitations — especially its lack of support for Turing-complete smart contracts. Bitlayer’s BitVM paradigm addresses this by offering Bitcoin-equivalent security and Turing completeness without altering Bitcoin’s core protocol or compromising its foundational design.But turning that vision into reality requires the cooperation of miners — the entities that create new blocks and validate transactions in exchange for BTC. That’s precisely...