Ethena Labs, BaFin Finalize USDe Redemption Plan After Regulatory Crackdown

Ethena Labs announced on Wednesday that the German Federal Financial Supervisory Authority, BaFin, and Ethena GmbH, the company’s German arm, have agreed on a redemption plan for USDe stablecoin holders.  The regulator said it had initiated a 42-day redemption process for stablecoin holders. BaFin said USDe holders will have until Aug. 6 to declare redemption…

ATOM Surges 3.6% Amid Strong Volume Swings at Key Support Levels

CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data…

Ethereum ‘Death Cross’ Flashes For The First Time Since 2022 ETH Price Sell-off

Key takeaways: Ethereum has printed its first two-week death cross since 2022, historically linked to a ~40% price drop. ETH faces downside risks while trading below two key trendlines. Strong network usage and volume indicate bullish potential. Ethereum’s native token, Ether (ETH), has printed its first “death cross” on its two-week chart since the 2022…

Ethena Labs, BaFin Finalize USDe Redemption Plan After Regulatory Crackdown

Ethena Labs announced on Wednesday that the German Federal Financial Supervisory Authority, BaFin, and Ethena GmbH, the company’s German arm, have agreed on a redemption plan for USDe stablecoin holders.  The regulator said it had initiated a 42-day redemption process for stablecoin holders. BaFin said USDe holders will have until Aug. 6 to declare redemption…

Ethereum ‘Death Cross’ Flashes For The First Time Since 2022 ETH Price Sell-off

Key takeaways: Ethereum has printed its first two-week death cross since 2022, historically linked to a ~40% price drop. ETH faces downside risks while trading below two key trendlines. Strong network usage and volume indicate bullish potential. Ethereum’s native token, Ether (ETH), has printed its first “death cross” on its two-week chart since the 2022…

Ethena Labs, BaFin Finalize USDe Redemption Plan After Regulatory Crackdown

Ethena Labs announced on Wednesday that the German Federal Financial Supervisory Authority, BaFin, and Ethena GmbH, the company’s German arm, have agreed on a redemption plan for USDe stablecoin holders.  The regulator said it had initiated a 42-day redemption process for stablecoin holders. BaFin said USDe holders will have until Aug. 6 to declare redemption…

Can decentralized fintech hold the line?

As geopolitical tensions rise in the Middle East and global markets brace for volatility, Byte-Sized Insight’s latest episode explores how crypto reacts under pressure and whether it can provide more than just price movement. Moving markets In the first half of the episode, host Savannah Fortis speaks with Cointelegraph’s Ray Salmond and Marcel Pechman, who…

Stablecoins Fail Key Tests of Real Money

A new report from the Bank for International Settlements (BIS) challenged the notion that stablecoins can serve as money in a modern financial system. According to the BIS Annual Economic Report 2025, stablecoins fail the fundamental tests of “singleness,” “elasticity” and “integrity,” three critical criteria that define effective monetary instruments. The BIS described stablecoins as…

SharpLink Gaming Boosts Ethereum Holdings To $457M

Shares in the sports betting company SharpLink Gaming closed Tuesday trading at a 7% gain after the firm boosted its Ether holdings by another $30 million. SharpLink said on Tuesday that it purchased 12,207 Ether (ETH) at an average price of $2,513 each during the week ended Friday, June 20 and now holds over 188,000…

Unsealed Genesis Lawsuit Alleges DCG ‘Alter Ego’ Scheme

A newly unsealed complaint from bankrupt crypto lender Genesis reveals internal communications at its parent company, Digital Currency Group (DCG), suggested executives were aware of financial mismanagement and looming legal risks tied to their control over Genesis. According to the Delaware Court of Chancery filing, DCG’s chief financial officer, Michael Kraines, acknowledged the risk that Genesis…