Coindesk

Shiba Inu (SHIB) has gained over 2% in the past 24 hours, with bulls defending key support levels on the back of strong volumes.The meme cryptocurrency fell early Wednesday as BTC and the broader market witnessed de-risking ahead of Fed Chair Jerome Powell's impending speech.Buyers, however, stepped in closer to the $0.00001200 level, ensuring that the psychological support was maintained. The subsequent recovery also lifted prices back above the ascending trendline connecting June 22 and Aug. 2 lows, and the key level of $0.00001231, which is the 61.8% Fibonacci retracement of the June-July rally.Bulls fuel SHIB comebackSHIB shakes off volatility, powers from $0.000012295 to $0.000012574 close on heavy bullish flow. Token holds critical support, smashes through resistance barriers. Next target:...

Key bitcoin (BTC) indicators are signaling a potential shift to a bearish market regime as traders await Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole Symposium.The first one is the 180-day call-put skew derived from options trading on Deribit, the largest crypto options exchange by volume and open interest.As of writing, the 180-day skew was negative 0.42, the lowest since June 2023, according to data source Amberdata. A negative call-put skew suggests that traders are pricing in greater demand for put options (which offer protection against price declines) relative to call options. The data can be interpreted as rising market caution or bearish sentiment over the medium term."BTC longer dated skew flipping into put premium could be a...

Dogecoin rebounded sharply from $0.21 lows, closing at $0.22 after a late-session surge in volume and aggressive whale accumulation, even as security risks from Qubic’s attack threat linger.News BackgroundDOGE has faced pressure this month after reports tied to Qubic’s potential 51% attack spooked retail traders and drove selling.Despite those risks, on-chain data shows whale cohorts accumulated more than 680 million DOGE in August, offsetting retail outflows.Broader market sentiment has been mixed, with Bitcoin and Ethereum consolidating near highs, leaving memecoins trading with outsized volatility.Price Action SummaryDOGE advanced 5% in the 24 hours ending Aug. 21, 04:00, recovering from an intraday bottom of $0.21 to close at $0.22.The token hit its session low around 13:00 UTC on Aug. 20 before reversing...

Singapore’s largest bank is extending its blockchain strategy by offering tokenized structured notes on the Ethereum public blockchain, in a move that broadens access to complex financial products once reserved for its private clients.DBS said Thursday in a release that it will distribute the instruments through local Singapore exchanges ADDX, DigiFT and HydraX, marking its first time offering tokenized products to accredited and institutional investors outside its own client base.The debut product is a crypto-linked participation note that pays out in cash when digital asset prices rise, while limiting downside exposure.Structured notes traditionally carry minimum investments of $100,000 and are often customized, making them non-fungible.By tokenizing each instrument into $1,000 units, DBS said the securities become fungible and easier to...

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.Bitcoin steadied in Asia Thursday at $114,610 (+1.4%), clawing back some ground after last week’s slide, while ether outpaced with a 5.8% jump to $4,370.73 as investors rotated selectively across the market.The CoinDesk 20, a measure of the performance of the largest crypto assets, is up 3.5%, trading above 4,078.OKX Singapore CEO Gracie Lin said in a note to CoinDesk that the rising ETH/BTC ratio shows capital shifting into ether’s relative strength while Bitcoin consolidates."Crypto capital is getting...