Coindesk

BNB has been seeing turbulence over the last 24-hour period, enduring a 4% swing over the period between the $793 to $827 range, before settling just above the $800 level.The token initially moved to a peak of $827 as the rally started, with more than 146,000 tokens traded in a single hour before sellers stepped in to reserve these gains.Trading remained choppy since, with short-lived recoveries failing to break resistance levels near $800 decisively. Despite the volatility, BNB treasury purchases haven’t wavered, with CEA Industries becoming the largest corporate holder of the cryptocurrency after a $160 million purchase.The move pushed BNB’s market capitalization to nearly $112 billion, cementing its position as the fifth-largest cryptocurrency by market capitalization.While the price swings...

As Ethereum continues to power an expanding ecosystem, crypto exchange Coinbase (COIN) stands out as one of the leading public companies aligned with the blockchain, Wall Street broker Bernstein said in a research report Monday.The network's native token ether (ETH) has rallied 80% since June 5, the report noted, catalyzed by Circle’s (CRCL) listing and the market’s realization that most stablecoins are minted on the Ethereum network.Coinbase operates one of the largest Layer 2 chains on Ethereum, Base, which processes more than 9 million transactions daily, encompassing stablecoins, trading, financial applications, and consumer-facing services, analysts led by Gautam Chhugani wrote.While Base has no native token, transaction gas fees are settled in ether, positioning Coinbase to earn sequencer fees in ETH....

BitMine Immersion Technology (BMNR), the bitcoin miner turned ether (ETH) treasury under Fundstrat's Tom Lee's leadership, said it added roughly $2 billion of tokens over the past week, bringing total holdings to near $5 billion.Bitmine's ETH stash exceeded 1.15 million tokens as of Sunday evening, up from 833,137 the week before.BMNR shares were up over 10% pre-market at $57, extending Friday's almost 25% advance.The firm added that its stock has become one of the most traded in the U.S. market averaging $2.2 billion in daily trading volume last week. That ranks BMNR 25th among U.S.-listed firms, topping bank giant JPMorgan (JPM) and chipmaker Micron Technology (MU)."We are leading crypto treasury peers by both the velocity of raising crypto NAV ...

Ransomware group Embargo has pulled in at least $34.2 million in various tokens since its emergence in April 2024, according to TRM Labs. The blockchain analytics firm says the ransomware group's infrastructure and coding overlaps suggests it may be a likely rebranding of the defunct BlackCat (ALPHV) operation.The group operates a ransomware-as-a-service model, providing affiliates with tooling while controlling the infrastructure and negotiations. U.S. healthcare, manufacturing, and business services have been primary targets as sectors where downtime is costly and ransom leverage is high.Demands have reached $1.3 million, with victims including American Associated Pharmacies and multiple regional hospitals.In its Monday report, TRM traced on-chain links between historical BlackCat wallets and addresses tied to Embargo victims, alongside off-chain similarities such as...

Ether's (ETH) recent rally has pushed a vast majority of its addresses into profit, a development that could slow its ascent. According to analytics firm Sentora, 97% of ether addresses are now "in-the-money." In other words, the average acquisition costs of these addresses is lower than ether's going market rate of $4,225. This high profitability figure suggests that the current price rally could run into a significant increase in the sell-side pressure, a dynamic that could slow the price ascent. According to data by Glassnode, profit-taking is already happening. ETH profit realization, measured by a seven-day simple moving average, is ramping up again, with the tally climbing to $553 million per day. The profit taking peaked a $771 million per...