Coindesk

Bitcoin (BTC) and other major tokens lost more than 3% as Tuesday’s rally was met with profit-taking during Asian morning hours Wednesday — in line with expectations. Overall crypto market capitalization fell 3.3% in the past 24 hours, with BTC sliding to nearly $83,500 from a high above $84,200 a day earlier. Ether (ETH) and Cardano’s ADA fell as much as 5% to lead losses among majors. XRP showed steady declines, with price action suggesting a plunge in the coming days. Fundamentals showed a positive bump, however, with exchange-traded fund (ETF) provider ProShares amending its spot XRP ETF (to be offered in the U.S.) filing on Tuesday — targeting a launch date of April 30.Bitcoin selling by large investors has...

Payments-focused XRP's immediate prospects look bleak, with its price chart flashing a "rising wedge" breakdown.A rising wedge comprises two converging trendlines that connect higher lows and higher highs. This convergence suggests that upward momentum is weakening. When the price moves below the lower trendline, it signals a shift to a bearish trend.XRP dived out of its rising wedge pattern during Wednesday's early Asian hours, suggesting that the attempted recovery from the April 7 lows near $1.60 has likely lost momentum, allowing sellers to regain control.According to technical analysis theory, analysts should identify the starting point of the rising wedge as the initial support level following the breakdown, which means XRP can now fall back to $1.60. The cryptocurrency has also...

Noble, a blockchain for issuing real-world assets (RWA) and stablecoins, announced Wednesday that it will expand its platform by introducing “AppLayer,” an Ethereum-compatible rollup that allows developers to create their own RWA applications and infrastructure.Noble’s AppLayer aims to let developers build new financial tools optimized for real-world assets like stablecoins — digital assets whose value is pegged to another asset, like the U.S. dollar.AppLayer will leverage Celestia, a data availability blockchain that aims to bring down storage costs for data-intensive blockchain networks. Celestia, like Noble, is plugged into the Cosmos blockchain ecosystem and is compatible with the Ethereum Virtual Machine (EVM), meaning it can read smart contracts from other Ethereum-based chains.The Noble team stated in a press release viewed by...

The mood in the equity and crypto market turned sour late Wednesday as Nvidia shares crashed in after-hours trading following a $5.5 billion charge tied to the Trump administration's decision to ban the company's H20 chip sales to China.Bitcoin, the leading cryptocurrency by market value, fell to $83,600, extending the retreat from the two-week high of $86,440 reached earlier in the day, CoinDesk data showed. Payments-focused XRP followed a similar trajectory, falling over 2% to $2.08, while Cardano's ADA token slipped 4% to $0.61. The CoinDesk 20 Index, a broader market gauge, weakened over 2%.Meanwhile, coins supposedly associated with artificial intelligence (AI) continued to fare worse as shares in NVDA tanked 8% to $89.10 after the company disclosed in a...

Healthcare technology firm Semler Scientific has reached a tentative settlement agreement with the U.S. Department of Justice (DOJ), disclosing in a Tuesday filing that it was prepared to pay a $29.75 million fine in order to settle all claims tied to potential violations of a federal anti-fraud law related to its marketing of QuantaFlo, its flagship product.Last month, Semler Scientific disclosed that it had received a civil investigative demand, or CID — essentially, a subpoena from a federal agency that typically precedes a lawsuit — from the DOJ back in 2017. In a filing with the U.S. Securities and Exchange Commission (SEC) Semler Scientific said it had complied with several subsequent subpoenas over the following years and began initial settlement discussions with...