Coindesk

XRP extended losses in the past 24 hours, slipping under the $3.00 mark after a sharp rejection at resistance. A combination of blockchain security concerns and delayed regulatory decisions drove heavy selling and profit-taking across institutional desks.News Background• A security audit ranked XRP Ledger lowest among 15 blockchains, eroding investor confidence.• The SEC delayed rulings on multiple XRP ETF applications, including Nasdaq’s CoinShares filing, until October.• Heightened regulatory ambiguity and security doubts fueled portfolio adjustments at major trading firms.Price Action Summary• XRP fell 4% from $3.02 to $2.90 between August 19 at 06:00 and August 20 at 05:00.• The steepest drop came from 13:00–15:00 on August 19, when price collapsed from $3.04 to $2.93.• Volume spiked to 137.18 million in...

Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure.The update comes after Ark added 356,346 Bullish shares to ARKK on Aug. 19, a purchase worth about $21.2 million at the close of trading in New York, when the stock settled at $59.51 at close. The buy builds on Ark’s earlier allocation of more than 2.5 million shares spread across three ETFs on the day of Bullish’s debut.Bullish is the owner of CoinDesk.Ark also extended its buying spree in Robinhood (HOOD), purchasing 150,908 shares worth about $16.2 million at Tuesday’s close of $107.50.Robinhood has...

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.As Asia begins its trading day, BTC is down 3% in the past 24 hours, changing hands at $113,000, while Ether is also in the red, down 5.6% to $4,100, extending a week of weakness across majors.The pullback comes despite a continued stream of bullish headlines, underscoring what market observers say is a widening gap between short-term price action and longer-term structural progress.In a recent report, Glassnode frames the decline as a function of fragility: spot momentum is...

Cryptocurrencies and related stocks extended losses Tuesday as traders braced for the release of the Fed's release of the FOMC minutes on Wednesday and Fed Chair Jerome Powell’s Jackson Hole speech on Friday.Bitcoin dropped 3.2% in the past 24 hours to slip below $114,000, while ether fell 5.3% to under $4,200. XRP tumbled 6.2%, Cardano's ADA slid 8% and the broader crypto market was down 3.2%. Shares of crypto-related companies, such as bitcoin miners, crypto exchanges and digital asset treasury firms suffered even bigger losses, with MARA, COIN and MSTR closing today's regular session down 5.72%, 5.82% and 7.43%, respectively.By contrast, in general, U.S. equities suffered less: the Dow ended flat, the S&P 500 fell 0.59%, and the Nasdaq slid...

Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin (BTC) down to $113,000.Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22.Ethereum (ETH) treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi Development (DFDV) and Upexi (UPXI) plunged 13.7% and 9%, respectively.Digital asset investment firm Galaxy (GLXY) slid 10%, while Robinhood (HOOD) sank 6.5% and Coinbase (COIN) fell 5.8%. BTC miner MARA Holdings (MARA) declined nearly 6%, while some high-flying HPC names like Bitdeer (BTDR), IREN (IREN) and Hut 8 (HUT) plummeted nearly 10%.Risk appetite quickly evaporated this week as traders anticipate Fed Chair Jerome Powell's Friday speech at...