Coindesk

Sentiment in the crypto industry can shift quickly. According to Glassnode data, all bitcoin (BTC) wallet cohorts are currently in some form of distribution. The Accumulation Trend Score (ATS), broken down by wallet cohort, helps measure the relative strength of accumulation or distribution across entity sizes.This metric evaluates accumulation strength by considering both the size of the entities and the amount of bitcoin acquired over the past 15 days.A score closer to 1 indicates accumulation.A score closer to 0 indicates distribution.Exchanges, miners, and certain other entities are excluded from the calculation.At present, from large holders with more than 10,000 BTC to small wallets holding less than 1 BTC, all cohorts appear to be in distribution. This marks a sharp reversal...

The U.K.’s fragile fiscal situation is back in focus as yields on long-term government bonds surged, topping their U.S. counterparts for the first time this century. The 30-year U.K. government bond offered a yield of 5.61% at press time. That's 68 basis points more than the 30-year U.S. Treasury yield according to data source TradingView. The widening gap means that the market is demanding a significant premium to hold U.K. debt versus Treasury notes, a sign that investors are becoming increasingly wary about the U.K.'s fiscal situation.The U.K. gilt market (bond market) has taken on a life of its own, as the country faces structural, long-term economic challenges that it has built up over decades; yet, this is not a...

Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss.In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost seven-fold increase from the $41.4 million shortfall a year earlier. Revenue fell to $67.9 million from $74.3 million. The filing puts Gemini, which plans to use the ticker "GEMI" on Nasdaq, in line to become the third crypto exchange to trade publicly in the U.S. after Coinbase (COIN), which debuted on Nasdaq in 2021, and Bullish (BLSH), the owner of CoinDesk, whose shares listed on the...

Crypto markets spent the past 24 hours unwinding bullish bets as $270 million in liquidations hit traders, led by ether (ETH) and bitcoin (BTC) longs. The flush came alongside fading hopes of a September Fed rate cut, with Polymarket odds of “no cut” jumping from 12% to 26%. That shift left some investors recalibrating risk ahead of Jerome Powell’s Jackson Hole speech on Friday. Nick Forster, founder at Derive.xyz, called the move a reset of short-term positioning rather than a structural shift in a Monday note.“It’s been a turbulent 24 hours in the crypto market, with over $270 million in liquidations, led by $170 million in ETH and $104 million in BTC,” he said.“A vast majority (95%) of these were...

XRP closed Monday’s session under pressure, reversing an earlier rally and ending near the $3.00 threshold. A sharp selloff in the final trading hour saw the asset dip 1% on surging volume, suggesting institutional distribution and stop-loss liquidations driving price action.Technical Analysis Shows Mixed SignalsXRP traded within a $0.11 range between $2.94 and $3.10 across the 24-hour session from August 18 05:00 to August 19 04:00, representing nearly 4% intraday volatility. A bullish breakout during the 17:00 trading hour on August 18 pushed prices from $2.97 to $3.10, supported by heavy volume of 131 million—double the 24-hour average of 66.8 million. This established short-term support near $3.00.Momentum faded quickly, however. The token rejected multiple times at $3.09, sliding into consolidation...