Coindesk

Nasdaq-listed Fundamental Global (FGF) is rebranding to FG Nexus and entering the digital asset space with a $200 million private placement to launch an ether-based treasury strategy, the company said in a press release WednesdayThe offering, composed of 40 million prefunded warrants priced at $5, was backed by a slate of high-profile strategic investors, including Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group, and Kenetic, the company said.Galaxy will serve as a strategic advisor, managing treasury and staking infrastructure, while Kraken will support staking operations.The company plans to use the proceeds to accumulate ether (ETH) as its primary reserve asset, generating staking rewards and enabling exposure to tokenized real-world assets. FG Nexus is among the growing list of...

When Ethereum launched on July 30, 2015, it set out to be more than just another cryptocurrency. It aimed to expand the boundaries of blockchain technology itself. While Bitcoin became digital gold, Ethereum pursued a more expansive vision: to be a decentralized “World Computer”—programmable, extensible, and open-ended.A decade later, Ethereum has transformed finance, culture and software. Along the way, it has faced existential crises, volatile markets and fierce internal debates. Now, it stands on the cusp of a new era—one that may see it fully embraced by traditional finance.Ethereum has seen an uptick in the last two months as the project hits the 10 year milestone, with its ETH’s price rebounded, reaching $3,800 in July, after it languished around $1500...

Donald Trump’s cryptocurrency-friendly administration is set to usher in America’s “golden age of crypto,” quickly enabling digital asset trading at the federal level and also embracing decentralized finance (DeFi), according to a preview of a keenly-awaited report from the White House later today.Much of what is highlighted in a concise fact sheet from the President’s Working Group on Digital Asset Markets is already in motion within Trump’s sweeping legislative agenda for crypto: the GENIUS Act for stablecoins, and Clarity Act to oversee crypto markets.What is not included — at least in the report preview — is any detail on progress and plans for the federal government to stockpile of bitcoin or other other digital assets.Still, for those who have lived...

Meme-inspired cryptocurrency PEPE slipped nearly 5% in the last 24-hour period under a wave of liquidations and record-setting trading activity.The token dropped from $0.000012023 to $0.00001119 as bears overwhelmed attempts at recovery. At one point, trading volume spiked to 6.91 trillion tokens in a single hour, setting a ceiling near $0.000011692, according to CoinDesk Research's technical analysis data model.The selling pressure wasn’t isolated. Late-session trading saw further rejection at $0.000011549, while volumes surged past 85 trillion tokens, forcing the price toward a session low.Even when PEPE approached what looked like support at $0.000011525, the lack of meaningful buying activity underscored market reluctance. That level failed to attract enough interest to reverse course, signaling possible further declines.The memecoin has underperformed the...

BISON, the crypto trading platform owned by Boerse Stuttgart Group, will add six new cryptocurrencies to its offering by the end of July, bringing the total to 32.Users will be able to buy and sell Lido DAO (LDO), Binance Coin (BNB), Avalanche (AVAX), Ondo (ONDO), Pepe (PEPE) and NEAR Protocol (NEAR) without paying trading fees.The new additions broaden BISON’s asset coverage across key sectors of the crypto market, from liquid staking and meme coins to blockchain infrastructure and real-world asset tokenization.“These six new coins were carefully selected based on market cap, regulatory compliance, custody security and user demand,” said Benjamin Kruk, BISON’s Chief Product Officer, according to a press release. “We aim to offer crypto access in a safe and...