Coindesk

U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate.Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April's job growth was 147,000 (revised from an originally reported 177,000).The unemployment rate for May was 4.2% against expectations for 4.2% and April's 4.2%.In the midst of a strong rebound following yesterday's sharp declines, the price of bitcoin BTC rose a small bit further following the news to just above $104,000.Always a closely-followed print, the May payrolls data was of particular import this time around as a string of economic reports this week pointed...

Strategy (MSTR), the largest corporate holder of bitcoin BTC, has priced the new preferred stock offering designed to give long-term investors a fixed 10% annual return with no management fees.The firm will sell 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), expecting to bring in an estimated $979.7 million after fees and expenses, according to a press release.The shares, which sit below Strategy’s other preferred offerings STRF and STRK, are set to settle on June 10. Unlike STRF, which has senior status and lower volatility, and STRK, which is convertible and pays 8%, STRD offers the highest yield among Strategy’s capital products while being riskier.It comes with a non-cumulative dividend, meaning missed payments won't accrue,...

Global markets are navigating heightened uncertainty following a public spat between U.S. President Donald Trump and Tesla CEO Elon Musk.NEAR Protocol has demonstrated resilience amid this volatility, recovering from a sharp 5.2% decline to establish support at $2.42. The recent price action shows promising signs of accumulation, with increasing volume on the second test of support forming a potential double bottom pattern on short time frames.This technical structure, combined with the successful break above the $2.46-$2.47 resistance zone, suggests buyers are regaining control despite broader market turbulence. NEAR's recovery may indicate growing institutional confidence in blockchain infrastructure projects with real-world utility.Technical AnalysisNEAR-USD exhibited substantial volatility over a 24-hour period, with a range of 0.132 (5.2%) between the high of 2.547...

Yuga Labs CEO Greg Solano filed an Ape Improvement Proposal titled “Sunsetting the DAO and Launching ApeCo” in a pitch to wind down the two-year-old decentralized autonomous organization and pass its assets to a new entity to "supercharge the APE ecosystem.”Solano called the DAO “sluggish, noisy, and often unserious governance theater” that funds “vanity proposals and low-impact initiatives.”A leaner vehicle controlled by Yuga Labs, he argued, can “eliminate gridlock” and push capital only to “high-caliber projects” across three pillars: ApeChain, Bored Ape Yacht Club and Otherside, Yuga’s metaverse bet. Under the plan, ApeCo would first top up the staking contract with 11.25 million APE ($8.3 million), reserve 10 million APE for legal and transition costs, then swallow everything else in the...

XRP XRP climbed 7% over the past 24 hours, rebounding from a steep sell-off to trade at $2.20 after finding support at $2.07.News BackgroundXRP’s week-long price action was influenced by a mix of fundamental developments and market speculation.Ripple recently received approval from Dubai regulators for its RLUSD stablecoin, underscoring the company’s ambition to integrate digital assets into cross-border payment systems.Meanwhile, the market is closely watching for a decision on Franklin Templeton’s proposed spot XRP ETF, expected by June 17. Approval could attract substantial institutional inflows, potentially transforming XRP’s liquidity profile.On the technical front, XRP’s consolidation above its 200-day moving average signals resilience despite broader market volatility.Ripple’s broader strategy — bridging crypto and traditional finance — continues to define XRP’s role...