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BONK extends the decline as breaking below support signals further weakness

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BONK moved lower over the past 24-hour period, falling to $0.00001006, continuing a downtrend that began after repeated failures to hold the $0.00001090 area. Price action confirmed a break below the $0.00001032 support level, a zone that previously helped anchor short-term consolidation, according to CoinDesk Research’s technical analysis data model. The shift was accompanied by […]

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Internet Computer (ICP) slips as momentum reverses from recent highs

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ICP has lost ground over the past 24 hours, falling to $4.90 as its recent upward momentum faded at the key $5.17 resistance area. The move follows Monday’s sharp rally, which pushed the token into the upper end of its short-term range before encountering exhaustion, according to CoinDesk Research’s technical analysis data model. Trading activity

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Coinbase Launches DEX Trading in Brazil as ‘Everything App’ Vision Grows

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Coinbase (COIN) is rolling out decentralized exchange trading (DEX) to users in Brazil just days after the country’s central bank introduced sweeping new rules for crypto businesses. The move gives Brazilians access to a significantly wider pool of tokens, expanding from a few hundred to potentially millions, without leaving the Coinbase app, the company said

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Trump’s Pick to Lead CFTC, Selig, Senators Tell Crypto ‘Mission Critical’ at Agency

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US President Donald Trump’s nominee to head the Commodity Futures Trading Commission, Mike Selig, told senators in his confirmation hearing on Wednesday that he will defend the president’s intention to set a US path for crypto regulation. The Senate Agriculture Committee, which oversees the CFTC, which will be a leading U.S. regulator for crypto, weighed

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USDT spending goes mainstream with Opera MiniPay’s LatAm integration

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Browser maker Opera’s MiniPay, a stablecoin wallet built on the Celo blockchain, has rolled out a new feature that allows users to spend stablecoins directly in stores and services in Argentina and Brazil through a feature called “Pay Like a Local.” The update, announced during the Ethereum Devconnect conference in Buenos Aires, connects dollar-denominated USDT

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Samourai Wallet developer Bill Hill sentenced to 4 years in prison

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NEW YORK – William “Bill” Hill, 67, one of the co-founders of Bitcoin mixer Samourai Wallet, was sentenced Wednesday to four years in prison for his role in creating the privacy tool that prosecutors say was used to launder at least $237 million in criminal proceeds. District Judge Denise Cote of the Southern District of

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DeFi Giant Spark hails crypto app plans to focus on institutional infrastructure

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Decentralized finance (DeFi) giant Spark has shelved plans to launch a mobile app for now. “We had an internal discussion and we’re going to put it on hold for now just because we see our advantage as being largely in the DeFi native crypto space,” Sam MacPherson, CEO of Phoenix Labs, told CoinDesk in an

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Crypto loans break all-time high, but with stronger security this time

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Crypto-backed loans rose to a record $73.6 billion in the third quarter, marking the sector’s most leveraged quarter on record, but the composition of that leverage looks significantly healthier than in the 2021-2022 cycle. According to Galaxy Research, the sharp increase was overwhelmingly driven by onchain lending, which now represents 66.9% of all crypto-backed debt,

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