Coindesk

Wellgistics Health Inc. is deploying an XRP Ledger-based payment system for thousands of pharmacies across the United States, deepening its bet on blockchain as it looks to overhaul healthcare finance.The Nasdaq-listed distributor (WGRX) has announced that its new platform enables independent pharmacies to pay for drug inventory and move funds instantly, bypassing banking delays and high credit card fees. Integrated with RxERP, a serialized pharmaceutical e-commerce and enterprise resource planning system, the program promises real-time tracking, lower costs, and direct settlement between pharmacies and distributors. Pharmacies can now enroll in the beta version of the program.The system is built on the XRP Ledger (XRPL), an open-source blockchain with core development led by Ripple Labs. With a network of more than...

The Federal Reserve continued its relaxation of crypto oversight on Friday with a move to shut down a two-year-old supervisory program intended to keep a special eye on banks' crypto ties, instead folding that task back to its day-to-day oversight work.The central bank established its short-lived Novel Activities Supervision Program during the tenure of Vice Chairman Michael Barr, the board's supervision chief appointed by then-President Joe Biden, and the agency is now sunsetting the effort and will "return to monitoring banks' novel activities through the normal supervisory process," according to a Fed statement on Friday.Since the start of President Donald Trump's second term, the Fed has tended to move in step with the other banking regulators who've pulled back on...

Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion.Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July’s high and 33% from the November 2024 all-time high. The MSTR/IBIT ratio dropped to 5.43, its lowest since March, signaling continued underperformance against BlackRock’s iShares Bitcoin Trust (IBIT) and a return to levels last seen at the start of the year.Other bitcoin treasury stocks also declined, with Metaplanet (3350) down 9% and Nakamoto (NAKA) off 12% following the completion of its merger with KindlyMD to form a new bitcoin treasury entity.Breaking from the trend, KULR Technology (KULR) gained over 5% after...

HBAR posted sharp price swings over the 24 hours between Aug. 14 at 15:00 and Aug. 15 at 14:00, moving within a $0.015 range, a 6% gap between the day’s high of $0.259 and low of $0.244. The token faced heavy selling pressure early in the session, bottoming at $0.244 around 21:00 on Aug. 14 before staging a strong rebound to $0.259 by 08:00 the following morning. Trading volumes hit 65.56 million during the recovery, well above the 24-hour average, underscoring strong participation.Key support formed between $0.248 and $0.249, where buyers repeatedly stepped in. On the upside, resistance solidified at $0.255–$0.256 as sellers intensified distribution. The climb from overnight lows showed solid momentum with volume backing, hinting at systematic accumulation....

Ether's (ETH) recent rally to $4,780 has delivered a wealth of profits to several high-profile hackers, who have capitalized on the surge by offloading their ill-gotten gains.In three separate case, on-chain data, revealed by X account EmberCN, shows hackers strategically liquidated their ETH holdings for tens of millions in profit.The Radiant Capital exploiter, who the protocol alleges is a North Korean entity, drained around $53 million in assets from the DeFi protocol last October. They converted much of their haul into 21,957 ETH at roughly $2,414 per coin, only to sell 9,631 ETH for $44 million worth of stablecoins this week.They still control 12,326 ETH alongside the stablecoin proceeds, for a combined $101 million, around $48.3 million more than the...