Coindesk

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3796.28, up 3.3% (+120.73) since 4 p.m. ET on Monday.Seventeen of 20 assets are trading higher.Leaders: XRP (+6.6%) and XLM (+5.3%).Laggards: RENDER (-2.7%) and NEAR (-0.7%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

The SSV DAO, the decentralized autonomous organization behind the decentralized staking protocol SSV Network, unveiled Tuesday a new framework, called “SSV 2.0”, which will allow applications to make use of “based” technology by leveraging Ethereum validators.SSV 2.0 will be the most ambitious project for the SSV Network, according to a press release shared with CoinDesk, and will bring based applications (bApps) to Ethereum.“Based” applications, especially “based rollups,” are a new type of technology attracting the attention of Ethereum developers as it allows for better interoperability while improving the security of networks on top of Ethereum.Based rollups specifically can be seen as a solution to the many layer-2 networks on Ethereum today, which have caused much fragmentation across the space. By...

Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand the offering for institutions, the companies said Tuesday.The Ondo Short-Term US Government Treasuries (OUSG) token is backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and allows qualified investors to mint and redeem tokens around the clock near instantaneously using the Ripple's RLUSD stablecoin. The deployment is set to go live within the next six months, Ondo Finance said in a blog post.Both Ripple, the creator of XRP Ledger, and Ondo Finance committed seed investments in the token on the XRP Ledger for initial liquidity. They did not reveal the size of the allocations.Tokenization of real-world assets...

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is showing signs of stabilizing, with bitcoin recovering to $102,000 and positive signals from futures tied to the Nasdaq. Leading the recovery among major cryptocurrencies is XRP, up 11%, followed by SOL with a 7% increase. AI coins, hit hard on Monday, are posting gains of as much as 4%.Risk sentiment is likely being supported by skepticism surrounding the claims of Chinese tech startup DeepSeek, which asserts it spent only $6 million to develop its competitor to ChatGPT. Critics speculate the figure omits costs associated with earlier research and experimentation on architectures, algorithms and data. Additionally, a concept rooted in the Jevons Paradox suggests that advancements in efficiency often...

Bitcoin (BTC) rose to nearly $103,000 to usher gains across the crypto market on Tuesday after breakthroughs from China’s DeepSeek led to a steep fall in U.S. indexes on Monday, prompted by concerns of overvaluations of its AI investments.XRP led gains among crypto majors with a 12% surge, while Cardano’s ADA, BNB Chain’s BNB, Solana’s SOL and dogecoin (DOGE) zooming as much as 9%. Ether (ETH) gained 4.5%, while overall market capitalization rose 3%.BTC rose nearly 4% in the past 24 hours, easing losses from Monday which saw over $1 billion in futures liquidations and an 8.5% decline in the broad-based CoinDesk 20 (CD20) at peak.Large liquidation events often present a market buying opportunity, as CoinDesk noted on Monday, as...