Kanye West launches YZY Memecoin, Which Rises Then Falls

Rapper Kanye West’s newly launched YZY token on Solana rocketed up to $3 billion in value just 40 minutes after its launch, but concerns over insider sales dented a large portion of the gains.  In a Thursday X post, West, who officially goes by Ye, shared the contract address along with the website for Yeezy…

XRP Price Drop To $2.40 Possible According To Onchain Data

Key takeaways: XRP confirms a bearish descending triangle on the daily chart, risking an 18% drop to $2.40. Declining daily active addresses signal reduced transaction activity and cooling demand for XRP. Spot taker CVD remains negative, suggesting waning investor demand. XRP (XRP) traded 23% below its multi-year peak of $3.66, and a convergence of several…

Bitcoin Sentiment Returns To Neutral After 10% Market Drop

Crypto market sentiment has returned to neutral as markets showed signs of recovery on Thursday following a brief dip into the “fear” zone when Bitcoin fell to $112,000 a day earlier.  However, analysts have been quick to warn that more volatility lies ahead.  Bitcoin (BTC) fell to $112,350 on Coinbase in late trading on Wednesday,…

Real-Time Crypto Crime Network Launched By Major Firms

A collective of crypto and traditional finance firms, law enforcement and security researchers has formed a new “crypto crime response network” — known as the Beacon Network — to identify and freeze illicit funds on the blockchain.  TRM Labs on Wednesday said the “Beacon Network” creates “an unprecedented level of industry collaboration to block off-ramps…

ETH Futures Neutral As Onchain Data Points To Price Rebound

Key takeaways: Ether’s futures premium and derivatives remain stable, reflecting resilience despite the recent price downturn. Onchain metrics highlight Ethereum’s dominance in fees and TVL, supporting stronger long-term recovery potential. Ether (ETH) appears to have found support near $4,070 on Wednesday after a sharp six-day, 15.1% drop. The move erased $817 million in bullish leveraged…

Fed Governor Waller Tells Peers, Bankers Not To Be Scared Of DeFi

US Federal Reserve Governor Christopher Waller told his peers and the private banking sector that there’s “nothing to be afraid of” about crypto payments despite it operating outside the traditional banking system. “There is nothing scary about this just because it occurs in the decentralized finance or DeFi world — this is simply new technology…

Bitcoin Demand Cools While “Crypto Capital is Getting More Selective,” OKX’s Gracie Lin Warns

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin steadied in Asia Thursday at $114,610 (+1.4%), clawing back some…

Judge Unfreezes $57.6 Million in Stablecoins

A US judge has unfrozen $57.6 million in USDC (USDC) stablecoins tied to the Libra token scandal in February, giving memecoin promoter Hayden Davis and former CEO of the Meteora decentralized exchange Ben Chow access to the funds. US judge Jennifer L. Rochon froze the funds in May as part of a hearing in a…

ETH Futures Neutral As Onchain Data Points To Price Rebound

Key takeaways: Ether’s futures premium and derivatives remain stable, reflecting resilience despite the recent price downturn. Onchain metrics highlight Ethereum’s dominance in fees and TVL, supporting stronger long-term recovery potential. Ether (ETH) appears to have found support near $4,070 on Wednesday after a sharp six-day, 15.1% drop. The move erased $817 million in bullish leveraged…

What Happened In Crypto Today

Today in crypto, US Senator Cynthia Lummis said the digital asset market structure bill is on track to arrive on President Trump’s desk by the end of the year, China’s cabinet will reportedly review a roadmap that includes yuan-pegged stablecoins to bolster yuan internationalization, and Santiment says Bitcoin’s dip below $113,000 saw retail traders flip…