Coindesk

XRP posted modest gains despite intraday volatility, recovering from early lows to close near $3.22 on strong afternoon volumes. Institutional accumulation and a late-session rally hint at upside continuation.What to KnowXRP advanced 1.3% during the 24-hour period ending July 27 at 20:00, trading between a low of $3.15 and a high of $3.23. The token dipped to $3.16 early in the session but rebounded sharply on strong buying interest. A late-session rally added to bullish momentum as XRP settled near the top of its range, suggesting short-term strength heading into the next trading window.News BackgroundMarket conditions remained uncertain as crypto sentiment continues to digest recent ETF-related volatility and liquidation activity. Despite this, XRP showed signs of technical resilience, supported by...

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.Bitcoin (BTC) traded at $119,430 in early Asia hours on Monday, up 1.24%, as bullish momentum continued following a series of institutional milestones and a breakthrough trade deal between the United States and the European Union. The CoinDesk 20 (CD20) Index rose 2.37% to 4,099.18, extending its recent recovery.Over the weekend, President Donald Trump and European Commission President Ursula von der Leyen announced a framework trade agreement at Turnberry, Scotland, that sets a 15% U.S. import tariff on...

Strategy (MSTR) is pulling off some form of financial alchemy: using bitcoin, historically a volatile asset, to create something that looks a lot like stability.That’s the firm’s $2 billion “Stretch” Preferred Stock (STRC) offering offers a variable 9% dividend and is designed to keep the share price hovering near $100.The offering doesn’t give investors direct bitcoin exposure, yet it's backed by the asset in spirit and structure, according to a recent NYDIG report.Strategy holds $71.7 billion in bitcoin and just $11 billion in liabilities, giving it room to deliver income even if crypto prices dip, the report notes.Historically, bitcoin has returned at least 3%–4% annually over any five-year stretch, while average returns have been significantly higher.Strategy is betting it can...

Michael Saylor’s controversial bitcoin treasury strategy is no longer fringe — it’s being mimicked across corporate America. According to a recent Wall Street Journal report, companies have raised more than $85 billion in 2025 to buy cryptocurrencies for their corporate treasuries — more than double the amount raised in U.S. IPOs this year.Unlike in 2020, when MicroStrategy’s Saylor stood alone in selling shares to buy bitcoin, a new wave of companies — from toy manufacturers to semiconductor firms — is executing similar strategies with institutional backing. Capital Group, Galaxy Digital, and D1 Capital are among the firms pouring cash into companies that raise funds to accumulate digital assets directly. The surge has extended beyond bitcoin to include lesser-known tokens, often...

Bitcoin Cash (BCH) extended its recent rally on Sunday, rising 5.25% to $583.64 as of 08:54 GMT, according to CoinDesk data. The token has now gained 10.5% over the past week, 15.7% over the last two weeks and 17.3% over the past 30 days.Sunday’s breakout has caught the attention of several technical analysts, who flagged bullish signs in both price action and trading structure. Analyst “CW” noted that BCH is “breaking through the sell wall” — a term traders use to describe a heavy concentration of sell orders at a specific price level. When price breaks through such a wall, it often signals that buyers are absorbing that supply and that upward momentum could accelerate. CW pointed to $620 as...