Coindesk

Solana’s SOL SOL posted a solid recovery over the past 24 hours, rising as much as 4.83% before retreating to trade around $152.16. While volatility remains elevated, the cryptocurrency has formed a pattern of higher lows, suggesting underlying strength amid a fragile macro backdrop.The broader market remains focused on renewed trade talks between the United States and China, which kicked off Monday in London. The meetings bring together top officials, including U.S. Commerce Secretary Howard Lutnick and Chinese Vice Premier He Lifeng, to address longstanding tensions over tariffs and tech restrictions. While the two sides struck a temporary truce last month, both have since accused each other of backsliding. Analysts say the rare earth export curbs and AI chip controls...

Shiba inu (SHIB) remains locked in a downtrend despite recovering from overnight lows, as the sharp drop in the "daily burn" rate has dented deflation prospects.The token has recovered to trade near $0.000012650 at the time of writing, having reached a low of $0.00001234 during the Asian hours. Still, the downtrend identified by trendlines connecting May 12 and May 23 highs and the low reached on May 17 remains intact.SHIB's daily burn rate dropped by 63%, threatening to derail the progress toward deflationary tokenomics, while trading volume surged by 78%. The daily burn rate refers to the number of SHIB tokens permanently destroyed or removed from circulation each day.Token burns are widely used to introduce a deflationary appeal to cryptocurrencies....

The Blockchain Group (ALTBG), a tech firm that brands itself as Europe’s first Bitcoin Treasury Company, announced a share-issuance program worth up to 300 million euros ($342.5 million).The capital raise is structured as an at the market (ATM) program and backed by French asset manager TOBAM, a longtime investor in both bitcoin BTC and the Paris-listed company on behalf of clients, Blockchain Group said in a press release.The program allows TOBAM to buy new shares at its discretion, based on daily market conditions. The price of each tranche will be the higher of the previous day’s closing price or its volume-weighted average price, with purchase volume capped at 21% of the day’s trading activity, the firm said.Proceeds are expected to...

Soneium, the Ethereum overlay blockchain linked to 78-year-old Japanese electronics giant Sony, unveiled a new incubator program, Soneium For All, to accelerate consumer and gaming applications within its 7 million-user blockchain ecosystem.As crypto continues its march into the mainstream, traditional technology companies, the Apple’s and Ubers of this world, are looking to the tech to commercialize their future operations.Sony Block Solutions Labs (SBSL), the builder of Soneium, used the Optimism OP stack, a fast and cheap layer linked to Ethereum for “bridging the gap between Web2 and Web3 audiences, especially for the creators, fans and community,” SBSL said.The new accelerator, which plans to open its doors in the third quarter, was created in partnership with Astar Network and Startale Cloud...

Major cryptocurrencies showed little bullish momentum Monday, even as hopes for the U.S.-China trade talks lifted Asian stocks.Bitcoin BTC, the leading cryptocurrency by market value, traded flat-to-negative near $105,650, having carved out a doji candle, a sign of indecision, on Sunday, according to data source TradingView.Data from Blockchain.com showed a marked slowdown in network activity, with the seven-day moving average of daily on-chain transactions falling to 315.48K, the lowest in at least a year.Payments-focused cryptocurrency XRP struggled to gather upside traction despite topping a bearish trendline from the mid-May highs. The cryptocurrency changed hands at $2.24 at press time, down over 1% on the day (UTC). Volatility may increase this week as the XRP Ledger's APEX 2025 conference kicks off...