Coindesk

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...

VivoPower International (VVPW), the Nasdaq-listed company transitioning into a digital asset treasury play, has plans to put $100 million worth of XRP XRP tokens to work.The firm announced Wednesday it has partnered with layer-1 blockchain Flare FLR to deploy $100 million XRP to generate yield on its treasury holdings. The initiative marks the first large-scale use of Flare’s FAssets system, which enables non-smart contract tokens like XRP to interact with decentralized finance (DeFi) protocols, the press release said.VivoPower plans to generate yield through Flare-native protocols such as Firelight and reinvest the income to expand its XRP holdings. The company said it will also adopt payment firm Ripple's RLUSD stablecoin as its cash-equivalent reserve."It’s no longer enough to simply hold XRP;...

Crypto exchange Bullish confidentially filed for a U.S. initial public offering, the Financial Times reported Wednesday, citing people familiar with the situation.The company aims to capitalize on renewed enthusiasm for digital assets driven by pro-crypto policy signals from the Trump administration and follows last week's IPO of stablecoin issuer Circle (CRCL), whose shares soared 168% on the first day of trading.The FT did not distinguish between Bullish Exchange and its parent, Bullish Group, the Peter Thiel-backed company that is also the parent of CoinDesk.The confidential filing with the Securities and Exchange Commission allows Bullish to prepare for a public listing while keeping financial details private for now. Jefferies will serve as lead underwriter, according to the Financial Times. Bullish previously...

XRP XRP traded in a narrow range over the past 24 hours, consolidating between $2.27 and $2.32 as global trade tensions and diverging central bank policies weighed on investor sentiment.The digital asset demonstrated resilience amid broader market volatility, with strong buying interest emerging at key support levels.News BackgroundRipple’s regulatory wins in Dubai and progress on stablecoin initiatives, such as RLUSD, provide a fundamental tailwind, though traders remain wary amid volatile global conditions.Ondo Finance’s Ondo Short-Term U.S. Government Treasuries (OUSG) is now live on the XRP Ledger (XRPL), expanding institutional access to the institutional-grade RWA product onchain.Digital Commercial Paper (DCP), secured by U.S. Treasuries, is now live on the XRP Ledger, enhancing efficiency and accessibility.Administered by Guggenheim Treasury Services, DCP is...

Bitcoin BTC stayed steady above $109,500 in Asian morning hours Wednesday, a rebound that started after last week’s profit-taking.However, all eyes are on ether ETH with traders commenting on upside volatility in the weeks to come and reporting record volumes for certain ETH-based products on some exchanges. ETH zoomed 5% in the past 24 hours, leading gains among majors.“Investors are finally recognizing the compelling investment opportunity that Ethereum presents. It’s still trading well below its all-time highs, while bitcoin is already near its ATH levels,” said Jeff Mei, COO at BTSE, in a message to CoinDesk. He pointed to Ethereum's growing role in tokenizing real-world assets like stocks, money-market funds, and U.S. Treasuries, adding that it was “very likely that...