Coindesk

NEAR experienced notable price volatility over the 24-hour period ending July 24 at 15:00, with its token trading between $2.59 and $2.83. The sharp drop from $2.82 to $2.59 during early morning hours prompted high-volume trading of 7.91 million units, establishing a technical support level at the session low. This market dislocation attracted aggressive buying, which fueled a price recovery to $2.81 by the close, signaling strong interest from sophisticated investors capitalizing on discounted valuations.During the final hour of trading, NEAR sustained upward momentum, rising 2% from $2.72 to $2.79 despite profit-taking near resistance at $2.82. The session established a defined trading channel with support at $2.79, and analysts interpreted the resulting consolidation as healthy price discovery. This pattern reinforced...

DeFi protocol MoreMarkets has launched a new XRP Earn Account, giving retail investors access to yield strategies long reserved for institutions and unlocking what it claims is a multibillion opportunity in idle XRP (XRP) holdings.The product allows XRP holders to earn yield through curated DeFi strategies while retaining self-custody, a first for a token ecosystem that otherwise lacks native staking or yield infrastructure.XRP, among the largest tokens by market capitalization, has been absent from the on-chain yield economy that has fueled growth in Ethereum- and Solana-based protocols.“We want to bring the comfort of fintech and merge it with the yield potential of DeFi,” said Altan Tutar, CEO and co-founder of MoreMarkets, said in a prepared statement. “For too long, high-yield...

Decentralized finance (DeFi) platform Ethena is set to bring its $1.5 billion stablecoin to the U.S. market, teaming up with crypto bank Anchorage Digital to issue the token under the new stablecoin laws.As part of the partnership the firms announced on Wednesday, federally regulated crypto bank Anchorage will issue the USDtb token directly in the U.S. under the GENIUS Act's compliance standards.That's a move away from the token's current offshore issuance model, a move that aims to create a pathway for institutions to hold and use the token within regulated financial channels."While we’ve already seen strong demand for USDtb, we expect GENIUS compliance to empower our partners and holders to confidently and significantly expand its use across new products...

Blockchain is reshaping industries beyond finance. In this Crypto for Advisors newsletter, we shift focus from traditional investments to explore a disruptive blockchain use case in the music industry. Inder Phull, CEO and Co-Founder of Pixelynx and creator of KOR Protocol, explains how on-chain music rights and royalties are transforming ownership and why this matters for artists and investors.Then, Ronald Elliot Yung from RaveDAO answers questions about these changes and how they impact investments in Ask an Expert.– Sarah MortonUnknown block type "divider", specify a component for it in the `components.types` optionRemix, Rights & Revenue: Why Onchain Music Infrastructure Is the FutureA fundamental shift, redefining how music is protected, managed, and monetized.Introduction: A Broken SymphonyThe digital revolution has empowered musicians...

Bank of America (BAC) says the GENIUS Act, signed into law last Friday by President Donald Trump, marks a turning point for U.S. stablecoin regulation, laying the groundwork for infrastructure development and tokenized finance growth.Supply of stablecoins, crypto tokens whose value is pegged to real world assets such as fiat currencies or gold, will grow a "relatively modest" $25 billion-$75 billion in the near term, driven by product rollouts, infrastructure investment and competition from tokenized deposits and money market funds, the bank said in a report last week. The total market cap for stablecoins is currently about $270 billion, according to CoinMarketCap data.Over the next 2–3 years, the bank's analysts foresee stablecoin consolidation and broader adoption of these cryptocurrencies and...