Coindesk

Filecoin (FIL) demonstrated measured volatility, trading within a 5.4% range in the last 24-hours, according to CoinDesk Research's technical analysis model.The model showed that despite experiencing a mid-session decline to $2.39 at 16:00, Filecoin staged a textbook recovery, and bounced 5%.Elevated trading volumes exceeding 2.8 million units during the correction phase suggest institutional participation, while sustained volume during the recovery confirms what market strategists characterize as sophisticated buyer interest at strategic price levels, according to the model.The Filecoin Foundation and Ava Labs have launched a native cross-chain data bridge between Avalanche C-Chain and Filecoin, according to a post on X. This new system connects high-speed smart contracts with secure data infrastructure through the Filecoin Virtual Machine.The rally in Filecoin came...

Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it.IVD Medical Holdings has purchased $19 million (HK$149 million) of ether (ETH), positioning the asset at the center of its real-world asset tokenization strategy. The company is building ivd.xyz, a platform for tokenizing pharmaceutical intellectual property and other healthcare assets, which will run entirely on Ethereum smart contracts.In a statement to CoinDesk, Chief Strategy Officer Gary Deng said Ethereum was chosen as the core asset because it is “the world’s most mature smart contract platform” with “extremely high liquidity” and growing institutional recognition, pointing to the U.S. SEC’s approval of a spot ETH ETF.IVD plans to use ETH for on-chain ownership...

Ethereum network transactions rose to a record high as levels of staked ether (ETH) climbed to a record high, lifted by a regulatory boost for liquid staking.The seven-day average of daily transactions on the blockchain touched 1.74 million earlier this week, overtaking the previous record of 1.65 million set on May 12, 2021.The activity surge comes as the Securities and Exchange Commission’s Division of Corporation Finance said certain liquid staking activities and “staking receipt tokens” do not constitute securities under the 1933 Securities Act, provided they meet a strict set of assumptions.Such a stance is bullish. It reduces legal uncertainty, making it safer for institutions and platforms to offer liquid staking products. That can boost demand for staked tokens like...

DOGE jumped 8.4% in the 24-hour period ending August 8, climbing from $0.20 to $0.22 in a two-phase rally. Price action spans a $0.021 range, marking 9.5% volatility. As per CoinDesk analytics, a new resistance forms at $0.222-$0.224, while support holds at $0.220. Consolidation appears likely before the next directional move.Price Action Summary• DOGE rallies 8.4% from $0.20 to $0.22 in a volatile 24-hour session ending August 8• Two breakout waves — 10:00 push to $0.213 and 19:00-22:00 surge to $0.223 — drive gains• Whale accumulation tops 1 billion DOGE in 48 hours, lifting institutional confidence with analyst targets at $0.34 and $0.50Technical Indicators Analysis• Price gains 8.4% from $0.20 to $0.22 with 9.5% volatility• Two rally phases: 10:00 breakout...

XRP smashed resistance barriers as trading volume hit 300 million during peak institutional buying surge, with bullish chart patterns and a landmark legal resolution fueling upside bets.The rally combines technical breakout pressure with a significant shift in the token’s fundamental narrative. The SEC settlement eliminates a multi-year litigation drag, potentially unlocking greater institutional participation in U.S. markets.Price action shows heavy accumulation above $3.10, followed by consolidation above $3.30 — suggesting strong conviction among buyers even after the initial spike. The ETF filing from SBI adds a parallel demand driver, positioning XRP for higher beta moves if spot Bitcoin ETF inflows continue.Technical Analysis OverviewXRP explodes 11% higher in the 24-hour period ending August 8, rocketing from $2.99 to $3.30 in a...