Business

Dubai Court Freezes $456 Million in Justin Sun’s Rescue of TrueUSD Issuer Techteryx

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The $456 million reserve shortfall that forced Justin Sun to bail out the token holders of the TrueUSD stablecoin is now the subject of a worldwide freezing order upheld by Dubai’s Digital Economy Court. The dispute centers on whether funds from TrueUSD’s reserves were improperly funneled into Aria Commodities DMCC, a Dubai-based trade finance firm […]

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Down 4% as ETF news fails to break resistance

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Chainlink’s LINK token fell 4% on Wednesday after bumping into strong technical resistance amid broader crypto market weakness. The withdrawal came as Bitwise’s proposed Chainlink ETF was spotted on the DTCC registry under the ticker CLNK, signaling operational readiness for a potential launch. The development initially sent LINK higher, testing resistance near $16.25, CoinDesk Research’s

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Zcash (ZEC) Surges, Leap Therapeutics (LPTX) Jumps on Winklevoss-Backed Digital Asset Treasury

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Former oncology biotech company Leap Therapeutics ( LPTX ), which earlier this month raised $58.9 million in funding led by Winklevoss Capital to pivot into a digital finance company, announced the purchase of $50 million in Zcash ZEC$522.97. At the same time, the company is renaming itself Cypherpunk Technologies and will start trading on Thursday

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Crypto Investor Dan Tapiero Sees AI-Blockchain Crossover Fueling Next Big Wave

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MIAMI BEACH, Fla. — Dan Tapiero, founder of crypto-focused growth equity fund 50T Holdings, is betting that artificial intelligence and blockchain technology will converge in ways the market hasn’t yet priced in. “Blockchain is AI’s money,” Tapiero said in an interview with CoinDesk. “If you just imagine having thousands of these AI agents acting independently,

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Active Treasuries Replace VC in Crypto

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Welcome to the institutional newsletter, Crypto Long & Short. This week: ZIGChain’s Abdul Rafay Gadit writes that as venture funding wanes, Digital Asset Treasury Companies (DATCOs) are reshaping corporate finance by turning balance sheets into active capital engines, proving that the future of institutional crypto lies in on-chain productivity, transparency and governance — not speculation.

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BTC falls 1.2% as volume thins near $100,000 support

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According to CoinDesk Research’s technical analysis data model, bitcoin BTC$101,303.92 pulled back from recent highs on Tuesday, falling from $103,413 to $101,775 as the world’s largest cryptocurrency consolidated below key $102,000 resistance. The 1.24% decline unfolded on tepid volume just 2.11% above the seven-day moving average, signaling cautious market participation despite proximity to the critical

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Token falls 0.2% to $0.2944 as traders show uncertainty

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Stellar’s performance was muted in Tuesday’s session, which ended on November 12 at 14:00 UTC, with XLM falling from $0.2949 to $0.2944 as traders settled into a tight consolidation range. The token’s modest $0.0148 move – about 5% of total activity – highlighted uncertainty among market participants, suggesting a lack of directional conviction. A wave

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SOL drops 4.9% sub-key support as Alameda unlocks continues

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Market overview Solana SUN$154.03 faces renewed selling pressure as the token falls from $160.72 to $152.81, showing a 4.9% decline despite continued institutional support through exchange-traded fund products. The decline comes on increased volume, running 17.25% above the seven-day moving average. Active repositioning dominates rather than passive operation. Selling is intensifying following another planned token

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