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XRP (XRP) perpetual futures listed on the U.S.-based Kraken exchange have become more popular than their sol (SOL) counterparts for the first time.Trading volumes on Kraken-listed XRP perpetuals have topped $3.48 billion this month, outpacing the Solana token's tally of $3.23 billion, Kraken told CoinDesk. The exchange listed the XRP perpetual futures in 2022.XRP has also stolen the show in terms of price performance. The payments-focused cryptocurrency's price has surged over 40% this month, hitting a record high of $3.66. Meanwhile, programmable blockchain Solana's SOL has risen only 17% to $181, CoinDesk data show.Commenting on the volume, Alexia Theodorou, the head of derivatives at Kraken, said that it's a clear reflection of renewed optimism around XRP."It's driven by growing market...

ARK Invest increased its investment in ether treasury company BitMine Immersion Technologies for a second straight day, buying $15.3 million worth of the shares on Tuesday.Cathie Wood's investment management firm added 477,498 BMNR shares across its Innovation (ARKK), Next Generations Internet (ARKW) and Fintech Innovation (ARKF) exchange-traded funds (ETFs), according to an emailed update. The purchase followed a larger one of 529,366 shares the previous day.BMNR shares dropped further on Tuesday, closing 8.9% lower at $32, extending their slide following a climb to $135 at the start of this month.Source link

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.On Wednesday in the U.S., the Securities and Exchange Commission announced that investors are now allowed to do in-kind redemptions for bitcoin and ether exchange-traded funds (ETFs).The decision lets institutional traders create and redeem ETF shares directly in BTC or ETH, improving efficiency by avoiding fiat conversions.But in Hong Kong, this isn't anything new. In late 2023, during the early days of the regulatory process to bring crypto ETFs to the market (they launched in April 2024), the...

Bitcoin miner MARA Holdings (MARA) shares jumped nearly 4% in post-market trading after the company posted record revenue for its second quarter, beating Wall Street's expectations. MARA reported revenue of $238.5 million, a 64% rise from $145.1 million in the same quarter a year ago, according to an earnings presentation. The mining firm said the increase was primarily due to a 50% rise in the average bitcoin price during the quarter. MARA's revenue also beat the average analyst estimate of $227.9 million, according to the FactSet data. The company mined 2,358 bitcoin in the quarter, a 3% increase from the previous quarter. Energized hashrate or mining machines that are currently online rose by 6% to 57.4 EH/s. MARA is aiming...

NEW YORK — Roman Storm, the Tornado Cash developer standing trial in Manhattan on charges that the privacy tool he created helped hackers and other cyber criminals launder more than $1 billion in criminal proceeds, won't take the stand, his lawyers told the court on Tuesday.Storm told District Judge Katherine Polk Failla of the U.S. District Court of the Southern District of New York (SDNY) that he was aware that he had the right to testify in his own defense but chose not to. After Storm made his decision, his defense team, led by Keri Axel and Brian Klein of Waymaker LLP, rested their case on Tuesday afternoon.Over three days of witness testimony, the defense argued that Storm was merely...