Coindesk

Stable, developer of a new blockchain built around Tether’s USDT, said it raised $28 million in a seed round led by Bitfinex and Hack VC.Other backers include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, alongside angel investors like Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson.The Stable blockchain, described as a “stablechain,” aims to turn USDT into the foundation for digital payments around the world by offering fast settlement, low fees and a stable unit of account in one package.The raise follows the GENIUS Act, which sets up a regulatory framework for stablecoins like USDT, being signed into law.“Payments infrastructure around the world needs an overhaul, and traditional methods have failed to achieve fast, reliable and secure digital...

Internet Computer Protocol's native token, ICP, advanced 5% to $5.57 over the last 24 hours, bolstered by a blend of strong technical structure and key fundamental upgrades. The token traded within a $0.36 bandwidth and found aggressive support near $5.21 during the 19:00 hour UTC on July 30, where volume spiked to 1.43 million tokens, more than three times the 24-hour average of 476,829 units, according to CoinDesk's technical analysis data model. Upward momentum persisted as the price steadily climbed through successive higher lows to form a solid bullish channel, before resistance began to cap gains around $5.58.DFINITY’s recent launch of Internet Computer 2.0, which includes tools allowing anyone to build applications using natural language prompts, could open Web3 development...

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market quickly recovered from the late Wednesday swoon triggered by Fed Chair Jerome Powell's hawkish comments.Bitcoin (BTC) bounced to $118,500 from $116,000, with ether (ETH), XRP (XRP) and other major altcoins following suit. The CoinDesk 80 Index traded over 2.5% higher on the day, outperforming the CoinDesk 20 Index, which suggests a stronger recovery in smaller tokens such as toncoin (TON) and memecoins including shiba inu (SHIB).Still, the market overall stayed within recent price ranges, searching for catalysts to break through resistance. Referring to bitcoin, Alex Kuptsikevich, the chief market analyst at FxPro, said: "The market still needs drivers to storm $120K. The U.S. White House report on the development...

NEAR Protocol demonstrated formidable resilience during the July 30-31 trading session, recovering sharply from mid-session lows of $2.52 to close at $2.73. The bounce—amounting to an 8.27% rebound—coincided with high-volume activity, particularly among corporate trading desks and institutional asset managers. Analysts interpret this as a sign of strategic accumulation, likely driven by growing confidence in NEAR's enterprise blockchain ambitions.Institutional activity was most evident on July 30 between 18:00 and 19:00, when NEAR experienced a steep drop from $2.68 to $2.52 on a volume spike exceeding 9.60 million shares. This selloff defined a critical accumulation zone. From that base, NEAR steadily recovered through the overnight session, with corporate traders defending the $2.52 support level and methodically accumulating positions.The final trading hour...

Rice Robotics, the company behind the RICE AI platform, said it will start selling its RICE token on Aug. 5 via the TokenFi Launchpad.RICE will power a decentralized data marketplace for AI-powered robots, which is part of a broader effort to tokenize robotics data and scale decentralized physical infrastructure, or DePIN, the Hong Kong-based company said in a release.The $750,000 presale represents 10% of the total 1 billion token supply, with a valuation of $7.5 million. Launch partners include BNB Chain, DWF Labs, and Floki, a memecoin ecosystem with over 700,000 holders and its own tokenization platform, TokenFi.Rice Robotics is known for its indoor autonomous delivery robots, which are deployed at Softbank’s Tokyo headquarters, Mitsui Fudosan’s Tokyo Midtown Yaesu property...