Coindesk

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.XRP: Not out of the woods yetXRP (XRP), the payments-focused cryptocurrency, surged 11% on Thursday, reportedly breaking out of a bull flag pattern to suggest renewed upward momentum. However, it's not yet clear, as prices remain well below the crucial $3.65 level, where a bearish "tweezer top" candlestick pattern occurred last month.The tweezer top is a bearish reversal pattern, comprising two candles with identical highs that represent a clear rejection point, in this case $3.65. It's as if the market tried to climb to a new level twice and was met with a brick wall of selling pressure at the same spot, a sign that the...

Pendle’s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6 on the back of the protocol’s new yield-trading platform.With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, according to Dune data, more than $8 billion changes hands yearly between longs and shorts.Boros packages those yields into tradable on-chain assets called Yield Units (YUs), letting traders go long or short on the rates themselves.Boros can be used for numerous advance strategies, including hedge floating funding payments into fixed rates, or lock in high yields during volatile periods.In its first two days, Boros attracted deposits of over 283 WETH...

Arthur Hayes, co-founder of crypto exchange BitMEX, appears to have reversed course on a major ether (ETH) trade just days after warning of a market downturn.Last week, data from Arkham Intelligence showed that Hayes sold 2,373 ETH worth around $8.32 million, when the second-largest cryptocurrency was trading near $3,500 and moved into stablecoins.This weekend, however, he seems to have a change of heart.Hours ago, data first spotted by Lookonchain showed an address linked to Hayes moved out of $10.5 million in USDC to buy back ether, with the price of the cryptocurrency now hovering around $4,200.The move comes after Hayes liquidated over $13 million in crypto holdings last week, including ethena (ENA) and meme token pepe (PEPE).At the time, he...

World Liberty Financial, the decentralized finance platform with ties to the Trump family, is said to be in talks with large investors to raise about $1.5 billion for a public company that would hold its WLFI tokens.The deal’s structure, Bloomberg reports, is still under discussion. The company approached deep-pocketed investors in technology and crypto, the report said, citing people familiar with the matter.Last year, the firm outlined plans for a crypto-lending app and currently issues USD1, a dollar-backed stablecoin that was used to facilitate MGX’s $2 billion investment in Binance. WLFI tokens, initially launched as non-transferable governance assets, are expected to become tradableThe move would see World Liberty Financial join a growing number of cryptocurrency treasury firms, which have been...

Ether (ETH) jumped to $4,200 on Binance early Saturday, its highest since December 2021, after a two-day rally fueled by heavy trading and $207 million in short liquidations.The move followed Friday’s breakout above $4,000 for the first time since December 2024, a technical milestone that drew in fresh buying and set the stage for Saturday’s push higher.Miles Deutscher said these forced buybacks helped accelerate the rally. In an earlier post, he described an “on-chain wealth effect”: as ETH’s price rises, both large holders and retail investors see their positions turn profitable, prompting them to reallocate capital into smaller, higher-risk tokens in pursuit of bigger gains. This dynamic, he said, can amplify rallies beyond ETH itself.Deutscher also mapped out a three-stage...