CoinDesk 20 performance update: Ethereum (ETH) falls 1% as index trades lower

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 1711.6, down 0.3% (-4.68) since 4 p.m. ET on Thursday. Ten of 20 assets are trading higher. Leaders: NEAR (+2.7%) and ADA (+1.0%). Laggards: CRO (-1.4%) and ETH (-1.0%)….

Botanix Shuts Down as Bitcoin Defi Demand Falls Short

Botanix, a Bitcoin scaling network that set out to bring “real utility” to BTC without token incentives, is winding down after four years in operation. In a Tuesday post on X, Botanix told users to withdraw all Bitcoin and other assets by July 9, after which remaining assets will be swept and “be unrecoverable.” The…

LG Electronics, Arbitrum Launch Blockchain Ad Network

South Korean tech giant LG Electronics is working with the Ethereum layer-2 network Arbitrum to build a blockchain-based advertising network aimed at serving the digital ad industry.  Arbitrum would give advertisers and publishers a shared database of ad inventory and track how customers interact with advertisements, with the company exploring how to bring the service…

Stand With Crypto UK Launches Campaign Against Bank Crypto Limits

Stand With Crypto UK is urging its 286,000 members to challenge British banks restricting transfers to cryptocurrency exchanges, arguing that blanket limits on transactions to regulated platforms are restricting access to digital assets. The new campaign cites a report from the UK Cryptoassets Business Council that found 40% of crypto transactions are blocked or restricted…

SpaceX (SPCX) raises $75 billion in largest-ever IPO

SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years. The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily…

Stock Market Volatility Rocks Bitcoin, Threatening $60K Support

Key takeaways: Surging oil prices and rising producer inflation have pushed traders to price in a stricter US Fed monetary policy. Massive spot Bitcoin ETF outflows in June show the cryptocurrency is currently failing to act as a stock market hedge. The Nasdaq 100 Index dropped 7.5% in the seven days leading up to June…

Congress Proposes DOJ Task Force for Crypto Theft Probes

US lawmakers have introduced legislation that would create a Department of Justice-led task force to coordinate investigations into cryptocurrency theft, scams and other digital asset-related crimes across federal, state and local law enforcement agencies. Under the proposal, the Justice Department would serve as the primary federal coordinator for cryptocurrency theft investigations, bringing together agencies including…

Three XRP Setups Signaling a Potential Price Dip Under $1 in June

XRP (XRP) charts are painting multiple bearish patterns this month with a downside target under $1. Key takeaways: XRP is forming head-and-shoulders and bear flag setups on its shorter-time frame chart. An on-chain metric is further signaling weak demand or capitulation sentiment among traders. Head-and-shoulders setup hints at 10% XRP decline Since June 5, the…

Bitcoin Price Risks Plunging to $30K as Institutions Dump 450% of Daily BTC Supply

Bitcoin (BTC) faced renewed risks of a breakdown toward $30,000, according to a new analysis, as institutional demand turned deeply negative. Key takeaways: Data shows institutions are offloading around 450% of the daily BTC supply. Bitcoin risks slipping below $30,000 if supply absorption remains weak. Institutions are selling almost 2,000 BTC per day Capriole Investments’…

Franklin Templeton, BNP Paribas See Tokenization Boosting EU’s Capital Efficiency

Large financial institutions are turning to tokenization to improve capital efficiency and liquidity, according to representatives from Franklin Templeton and BNP Paribas. Speaking at a panel at the WAIB Summit 2026 in Monaco, industry executives discussed how tokenized assets and stablecoins could modernize Europe’s capital markets by streamlining settlement, improving collateral mobility and creating new…