Coindesk

Dogecoin (DOGE) nursed losses on Monday as the community behind Qubic, which recently attacked Monero, voted to target the Dogecoin network over Zcash and Kaspa by a big margin.At the time of writing, DOGE traded at over 22 cents, representing a 4% decline on a 24-hour basis, according to CoinDesk data. The cryptocurrency chalked out a bullish golden crossover last week, but the bullish pattern failed to inspire bullish momentum.Early Monday, the AI-focused blockchain project Qubic announced the community's intention to target Dogecoin on X, stating, "There are ongoing discussions about $DOGE and preparation will take time."It added that "questions around blockchain resilience are being raised and we may have tools to address them."Sergey Ivancheglo, the founder of the Qubic...

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.Leverage in crypto markets is surging back to bull-market levels, even as last Thursday’s pullback reminded traders how quickly overextended bets can unwind.Galaxy Research’s Q2 State of Crypto Leverage shows crypto-collateralized loans expanded 27% last quarter to $53.1 billion, the highest since early 2022, powered by record demand in DeFi lending and a renewed appetite for risk.That backdrop set the stage for last week’s shakeout. Bitcoin’s retreat from $124,000 to as low as $118,000 triggered more than $1...

Wall Street ramped up its exposure to bitcoin in the second quarter, adding positions not only in spot bitcoin exchange-traded funds (ETFs) but also in U.S. stocks closely tied to the cryptocurrency’s price, according to new filings with the Securities and Exchange Commission (SEC).Brevan Howard nearly doubled its position in BlackRock’s iShares Bitcoin Trust (IBIT) during the second quarter, according to a securities filing. The macro-focused hedge fund held 37.9 million shares at the end of June, up from about 21.5 million in March.The stake was worth more than $2.6 billion based on IBIT’s closing price on June 28, making Brevan Howard one of the largest reported institutional holders of IBIT alongside Goldman Sachs, which boosted its position to $3.3...

Chainlink’s LINK token jumped 18% to $26.05 on Sunday, according to CoinDesk Data, pacing the top 50 cryptocurrencies by percentage gain as analysts and traders cited momentum and recent fundamental catalysts.What Analysts Are SayingAltcoin Sherpa described LINK as “one of the best coins right now,” pointing to chart strength that could carry toward $30. He explained that round-number levels like $30 often act as psychological barriers where sellers take profits, so traders should be cautious about chasing the move too late.Zach Humphries, another analyst, argued that LINK remains “very undervalued” at current prices. He emphasized that Chainlink underpins much of decentralized finance by delivering the price feeds and cross-chain services many protocols rely on. From his perspective, the token should...

Bitcoin (BTC) hovered near $118,348 on Sunday, up 0.39% in 24 hours, as two analysts outlined paths that could test traders’ nerves: a dip toward $108K–$112K or a drawn-out range with room for altcoins.Lark Davis argues that if bitcoin continues to slide, the most likely landing zone is $108,000–$112,000. That range served as a ceiling earlier this year when bitcoin’s rally stalled, and in market psychology, levels that once blocked price often flip into support when revisited.He emphasizes that this area also aligns with two classic pullback checkpoints known as the 50% and 61.8% Fibonacci retracements. These measures, drawn from the size of bitcoin’s last rally, are widely watched because they often mark where profit-taking slows and new buying emerges....