Business – Page 546

Brazil proposes to sell seized Bitcoin (BTC) to undercut organized crime networks

The Brazilian government proposed a law allowing the sale of bitcoin BTC$103,360.58 and other cryptocurrencies seized during criminal investigations at a time when the nation looks to crack down on organized crime. Bill 5.582/2025, sent to Congress by President Luiz Inácio Lula da Silva, would authorize financial institutions to liquidate cryptocurrencies even before trial results, […]

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BTC falls 0.9% as heavy volume breaks tests key support

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According to CoinDesk Research’s technical analysis data model, bitcoin BTC$102,310.74 pulled back in a measured fashion during Tuesday’s trading session, falling from $103,177 to $102,203, while carving out a clear bearish structure after probing session highs above $105,300. The world’s most valuable cryptocurrency moved within a hefty $3,289 range, with the critical breakdown materializing at

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BCH Gains 1.9% at $518 Breaking Key Resistance

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According to CoinDesk Research’s technical analysis data model, BCH$520.17 posted solid gains during Wednesday’s session, rising 1.9% from $508.32 to $518.01 amid heightened volatility across crypto markets. The move established clear bullish momentum within a $32.78 trading range, representing 6.4% intraday volatility, as BCH outperformed while most altcoins stumbled into key resistance zones. The decisive

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Sui Launches Native USDsui Through Stripe’s Bridge

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The popular Sui blockchain ecosystem is launching USDsui, a new US-compliant stablecoin built using Bridge’s recently introduced Open Issuance platform. Bridge, a Stripe-owned company, provides the infrastructure to issue compatible digital dollars designed to work across multiple blockchains. USDsui will serve as Sui’s initial stablecoin, accessible across wallets, decentralized finance (DeFi) protocols and applications built

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BONK falls 5% to $0.00001223 as resistance stops and volume rises 48%

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BONK fell more than 5% to $0.00001213 over the past 24 hours as the Solana-based meme token failed to sustain momentum above key resistance levels. The drop came after a brief attempt to rally past $0.0000130, which was quickly reversed amid heavy trading activity, according to CoinDesk Research’s technical analysis data model. Volume peaked at

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House votes to reopen government as Congress suddenly ramps up crypto work

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A majority of the US House of Representatives voted in favor of a funding bill to reopen the government late Wednesday after a record 42-day shutdown, sending the continuing resolution to President Donald Trump’s desk for his signature. The government appeared to remain shut down for the foreseeable future before a group of Senate Democrats

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HBAR falls 0.6% to $0.18 amid an indecisive trading session

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HBAR fell 0.6% to $0.1849 in Tuesday’s volatile session, testing the lower bound of its most recent trading range. The decline from $0.1860 unfolded over a $0.0090 range, generating nearly 5% intraday volatility as traders probed key support and resistance levels. Trading activity picked up and volume hit 85.9 million tokens – 47% above the

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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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