CoinDesk 20 Performance Update: SUI Jumps 6.3% as All Assets Climb Higher

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 3923.39, up 2.4% (+92.5) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: SUI (+6.3%) and POL (+6.2%).Laggards: LTC (+0.0%) and BTC (+0.9%). The CoinDesk…

BTCFi VC Funding hits $175M in H1 2025, Investors refocus on Consumer Apps

Bitcoin’s decentralized finance (DeFi) ecosystem is experiencing renewed venture capital (VC) interest, signaling more demand for the world’s first cryptocurrency as it gains utility as a yield-bearing asset. Bitcoin DeFi, or BTCFi, is a technological paradigm that seeks to bring decentralized finance capabilities to Bitcoin’s base layer. According to a new report from Bitcoin DeFi…

Hyperliquid tops $319B July volume, a Record for any DeFi Perp DEX

Trading volume on the decentralized exchange Hyperliquid reached a new monthly high in July, setting a record among DeFi perpetual futures platforms as user activity continued to rise. According to DefiLlama data, the platform processed $319 billion in trades during the month — the highest monthly volume ever recorded in the DeFi perpetual futures space….

XRP Whales Offload $1.9B Putting Price at Risk of Drop Toward $2

Key takeaways: In the past month, XRP whales have offloaded 640 million tokens, or $1.91 billion. Bearish divergence on the chart hints at weakening momentum. XRP (XRP) onchain data reveals its largest holders have been quietly offloading their tokens for nearly a month, with analysts pointing to the risks of a 30% crash in the…

SCA and VARA Formalize Partnership to Unify UAE Crypto Rules

The United Arab Emirates (UAE) took a significant step toward harmonizing its approach to crypto regulation. The country’s Securities and Commodities Authority (SCA) and the Dubai Virtual Assets Regulatory Authority (VARA) announced a strategic partnership to unify the UAE’s approach to crypto regulations. Last September, the regulators expressed their intention to work together toward unifying…

Bitcoin Risks Mount Below $117K as Open Interest Stays Elevated

Key takeaways: Bitcoin onchain metrics converge around $105,000, signaling a hidden risk zone. Elevated open interest keeps BTC’s market structure at risk of sudden volatility. Bitcoin (BTC) remained in a ranging environment on Wednesday, after a brief retest from the demand zone between $112,000-$113,000. At publication, BTC was attempting to break above the descending resistance…

Small Crypto Trader Turns $6.8K Into $1.5M With High-Risk Strategy

Small crypto trader’s success: $6,800 to $1.5 million In just two weeks, a relatively unknown trader turned a mere $6,800 into $1.5 million without chasing memecoins, betting on price direction or riding ETF hype. Instead, this small crypto trader cracked a sophisticated crypto market-making strategy: high-frequency, delta-neutral and fueled by maker fee rebates. By quietly…

Crypto Trading Bot Scam Nabs Victims via YouTube

Bad actors are using aged YouTube accounts to give authenticity to advertisements of a crypto trading bot that conceals a smart contract designed to drain crypto, cybersecurity firm SentinelLABS said. The scam is “widespread and ongoing” since at least 2024 and has spread through YouTube videos shared on social media offering tips and a smart-contract…

Crypto Trading Bot Scam Nabs Victims via YouTube

Bad actors are using aged YouTube accounts to give authenticity to advertisements of a crypto trading bot that conceals a smart contract designed to drain crypto, cybersecurity firm SentinelLABS said. The scam is “widespread and ongoing” since at least 2024 and has spread through YouTube videos shared on social media offering tips and a smart-contract…

South Korea’s KakaoBank Plans Stablecoin Services: Report

The banking arm of South Korean IT giant Kakao Corporation is reportedly ramping up plans to offer stablecoin services amid a regulatory shift in the country after the election of pro-crypto president Lee Jae-myung. KakaoBanks’ chief financial officer Kwon Tae-hoon said during the company’s first-half 2025 earnings call that the company is “reviewing various methods…