Crypto News

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin's (BTC) recent range play resolved bullishly early Monday, shifting focus to the $90,000-$92,000 range, which was previously a strong support zone.The leading cryptocurrency by market value rose past $87,000, convincingly breaking out of a week-long consolidation between $83,000 and $86,000. The renewed willingness among the bulls to lead the price action indicates the resumption of the recovery from the April 7 lows under $75,000.It also means potential for a continued move higher to the $90,000-$92,000 range, which acted as the floor, arresting price drops from December to early February. The support zone was eventually breached in late February, spurring a rapid decline to under $75,000.The...

N1, a layer 1 blockchain backed by Founders Fund, has announced the launch of its first testnet, inviting developers to request access via direct message. Designed to support applications and horizontal scalability, N1 aims to streamline performance by avoiding consensus in most cases, allowing for unordered and asynchronous transactions by default. This approach enhances scalabilitySource link

Circle, the firm behind the $60 billion USDC stablecoin, is launching a new payments and cross border remittance network on Tuesday — the company’s “next product move” — from its plush New York City headquarters, high on the 87th Floor of One World Trade Center.The launch event is aimed at banks, fintechs, payment service providers, remittance providers and USDC strategic partners. It will feature Circle CEO Jeremy Allaire sharing his vision for the stablecoin giant’s next move within the payments space, according to an invite seen by CoinDesk.New and incipient regulations around the globe are opening up the stablecoin space, where Circle has shared the limelight with larger rival Tether. It makes sense then that Circle — a firm that...

Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company in Japan, has announced the acquisition of an additional 330 BTC as part of its ongoing Bitcoin Treasury Operations. The latest purchase was made at an average price of 12,181,570 yen per bitcoin, totaling approximately 4.020 billion yen. With thisSource link

Publicly-listed Metaplanet announced fresh bitcoin (BTC) purchases on Monday as BTC went above $87,300, reversing last week’s loses.Metaplanet picked up 330 BTC bring its overall holdings to 4,855 BTC, worth over $420 million, based on current prices.This is the Japanese firm's third bitcoin purchase this month, even as broader markets reel from tariff concerns amid a general lack of optimism. Earlier this month, Metaplanet became the tenth-largest public holder of BTC.However, Metaplanet is not the only Japanese firm raking up bitcoin.Fashion brand ANAP Holdings purchase approximately 16.6591 BTC, valued at around 200 million yen (approximately $1.4 million), last week.The holdings will be overseen by its subsidiary, ANAP Lightning Capital. The company plans to conduct quarterly market value assessments of its...