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Solana-based meme coin BONK weathered a volatile 24 hours, as significant institutional activity defined both the highs and lows of the trading range. The token reached $0.000026 and quickly encountered resistance at that level, with 4.02 trillion tokens changing hands during a midday rejection that set a clear technical ceiling
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By James Van Straten (All times ET unless indicated otherwise)Bitcoin's (BTC) flirt with a record high $124,000 on Thursday was followed by a drop that led to it closing last weekend's CME gap at $117,600 after hotter-than-expected PPI inflation data and Treasury Secretary Scott Bessent’s apparent flip-flop on bitcoin purchases
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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE,
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The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Thursday sanctioned a network of companies, exchanges and executives linked to shuttered Russian crypto exchange Garantex and the ruble-backed stablecoin A7A5, accusing them of helping Moscow skirt international sanctions.Garantex, founded in 2019 and once licensed in Estonia, processed more than
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Polygon's POL token tumbled 6% on Thursday, falling through key support levels as higher-than-expected U.S. inflation data shook risk assets.POL traded in a wide 10% range over the past 24 hours, climbing from $0.25 to $0.26 in early trading before reversing sharply, data from CoinDesk Analytics shows.A burst of selling
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ATOM-USD saw sharp volatility between 13 August 15:00 and 14 August 14:00, trading between $4.49 and $4.91 with volume spiking to 5.62M units—over 322% above average. After holding in the $4.82–$4.85 range and briefly hitting $4.91, the asset faced an aggressive selloff from 06:00 on 14 August, bottoming at $4.53
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Mysten Labs, the developer behind the Sui blockchain, has appointed former Goldman Sachs (GS) executive Mustafa Al Niama as head of capital markets, a move aimed at deepening the firm’s reach into traditional finance through tokenization and real-world asset (RWA) integration, the company said in a Thursday press release.Al Niama,
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One of the hallmarks of new technology is that, at first, it’s often worse than the one it replaces. I remember sitting in my apartment sometime in the late-1990s and spending a weekend ripping my CDs into MP3s only to get a hard-drive crash and lose all my data on
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The crypto market staged a sharp rebound in July, with total market capitalization climbing 14% from the previous month to $3.7 trillion, Wall Street bank JPMorgan (JPM) said in a research report Thursday.Average market cap rose 12% in the same period, driven by broad-based gains across tokens, decentralized finance (DeFi),
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 4274.67, down 2.7% (-117.53) since 4 p.m. ET on Wednesday.One of 20 assets is trading higher.Leaders: ADA (+5.3%) and SOL (-1.6%).Laggards: UNI (-8.2%) and XLM
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