Coindesk

BONK, the Solana-native meme cryptocurrency, declined nearly 5% over the last 24 hours, sliding from $0.000028 to $0.0000266. Price rejection near $0.000029 during the 16:00 hour was supported by elevated transaction volume of 764.44 billion tokens, a signal of aggressive distribution from larger holders, according to CoinDesk's technical analysis data model.Support attempts at $0.000026 were bolstered by spikes in trading activity above 1.17 trillion tokens during the midnight and 08:00 UTC intervals, but these inflows proved insufficient to reverse the broader downward trend. The selloff continued during the European. afternoon, with BONK falling 3% intraday from $0.000026 to $0.0000254, led by volume spikes above 59 billion tokens at 13:54 UTC. This breakdown from the $0.000026 floor has now created a...

Shiba inu (SHIB) dropped sharply early Friday as President Donald Trump's new tariffs weighed on market leader bitcoin and strengthened the U.S. dollar. The price chart still offers bullish hints.SHIB crashed 6% in a brutal 24-hour selloff from July 31, 13:00 to August 1, 12:00, plummeting from $0.000013 to $0.000012. Prices hit their lowest since July 9, extending the downtrend from the July 21 highs near $0.00001600.The decline follows a surge in the number of SHIB held on centralized exchanges. The tally surged to 84.9 trillion tokens on July 28, indicating potential whale distribution despite $63.7 million accumulation of 4.66 trillion SHIB, according to CoinDesk's market insights model. Meanwhile, the burn rate explodes 16,700% as 602 million SHIB tokens destroyed...

Filecoin (FIL) displayed sharp volatility with a trading range of over 6% during the last 24-hours, according to CoinDesk Research's technical analysis model.The token broke key support at the $2.38 level on high volume, the model showed.AI platform SingularityNET has chosen Filecoin for metadata storage through Lighthouse, according to a post on X.In recent trading, FIL was 4.6% lower over 24 hours, trading around $2.36.The decline in Filecoin came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently 3.6% lower.Technical Analysis:Filecoin encountered significant bearish momentum during the 24-hour period.The cryptocurrency breached essential support at $2.38 during overnight trading periods, with volume surges reaching 7.54 million indicating potential institutional distribution activityDescending channel pattern formed...

While U.S. dollar-backed stablecoins continue to dominate the conversation, recent discussions with investors indicate a growing focus on the tokenization of real world assets (RWAs), including stocks, bonds, bank deposits, and real estate, Bank of America (BAC) said in a report Monday.According to BofA, this shift marks the beginning of a multi-year journey toward fully blockchain-based transactions.The transformation will require significant infrastructure development but promises a new era of 24/7 access across global jurisdictions, instant settlement, and enhanced liquidity, all underpinned by smart contracts that ensure compliance, the report said.Tokenization of real-world assets on a blockchain involves bringing traditional assets like real estate, bonds, and commodities into the digital realm. This process allows for fractional ownership, easier trading, and increased...

Assetera, a regulated trading platform based in Austria, introduced an API that allows cryptocurrency exchanges to offer tokenized financial products like stocks and government bonds without applying for their own MiFID license.The tool is designed to plug a gap in the European market, where strict financial rules have made it difficult for crypto platforms to support tokenized securities. It allows exchanges to integrate these offerings directly into their platforms while Assetera manages all compliance, including know-your-customer (KYC) and anti-money laundering checks.The API supports over 60 tokenized securities at launch, including U.S. Treasury bonds, blue-chip equities and ETFs. It’s also compatible with tokens issued by Backed Finance and other providers. These offerings are legally compliant across all 30 EU and EEA...