Bullish (BLSH), the parent company of CoinDesk, posted a strong second-quarter earnings report, significantly outperforming analyst expectations. The crypto trading platform reported earnings per share (EPS) of $0.93, far above the average estimate of $0.03, according to FactSet. Adjusted revenue came in at $57 million, slightly below the $60.7 million forecast. CEO Tom Farley highlighted exciting liquidity services growth and a successful Consensus conference, noting that Bullish is seeing strong momentum heading into the third quarter. The companys trading volume surged to $179.6 billion,...

Kraken, one of the worlds largest cryptocurrency exchanges, is experiencing major leadership changes as it prepares for a potential U.S. public listing in early 2026. Four senior executives from its institutional division have recently exited the company, according to a source familiar with the matter. The departures include David Olsson, global head of institutional sales; Shannon Kurtas, vice president of product, head of exchanges, and Pro service; Jeff Kramer, director of OTC trading; and Sanjay K, OTC trading lead for the Americas. While Kraken declined to comment on the exits, the...

The Federal Reserve has shifted back to monetary easing after ten months of holding steady, cutting its benchmark interest rate by 25 basis points to 4%-4.25%, the lowest since December 2022. Fed Chair Jerome Powell described the move as a risk management cut, signaling caution while acknowledging slowing growth and a weaker job market. The decision follows August data showing just 22,000 new jobs and unemployment climbing to 4.3%, the highest since 2021. Revisions also revealed fewer jobs created earlier in the year. Powell noted that weaker labor trends stem partly from immigration changes...

President Donald Trumps top crypto adviser, venture capitalist David Sacks, is facing scrutiny from lawmakers over his status as a special government employee (SGE). The designation allows temporary federal service for no more than 130 days a year. Senator Elizabeth Warren, joined by Bernie Sanders and other Democrats, sent a letter pressing Sacks to disclose how many days he has worked since Trumps inauguration on January 20, 2025. According to the letter, if Sacks worked every business day, his 130-day limit expired on July 25, 2025. Lawmakers argue that exceeding the cap undermines the...

Dogecoin (DOGE), the largest meme cryptocurrency by market value, has slipped nearly 5% this week to around $0.26. Despite the downturn, bargain hunters and institutional investors are seizing the opportunity. Data from CoinDesk shows that more than 680 million DOGE tokens have been accumulated during the dip, signaling renewed confidence in the asset. Institutional demand has intensified amid growing optimism over the potential approval of the first U.S.-listed spot Dogecoin ETF. The Rex Shares-Osprey Dogecoin ETF (DOJE) is expected to launch this week, offering investors a way to gain...

The global crypto market is showing resilience, with the total market cap standing at $3.99 trillion after a $38 billion rise in the past 24 hours. However, the key resistance remains at $4.01 trillion. A breakout above this level could trigger fresh bullish momentum, targeting $4.05 trillion. If the resistance holds, the market may consolidate between $3.94 trillion and $4.01 trillion in the short term. Bitcoin continues to trade strongly, priced at $116,675 and holding above its $115,000 support. The immediate challenge lies at $117,261, which must be flipped into support to sustain its...

Today, four major cryptocurrency exchanges announced new token listings, signaling stronger market access and liquidity for traders. South Koreas leading platforms, Upbit and Bithumb, revealed four listings, while global exchanges OKX and Bybit expanded their markets with two more altcoins. Upbit confirmed it will list Euler (EUL) and Plume (PLUME), tradable against Bitcoin (BTC) and Tether (USDT). Both assets will support deposits and withdrawals via Ethereum (ETH), with trading starting at 15:00 KST on September 17. The exchange will also list Toshi (TOSHI) on KRW and USDT pairs. To manage...

Cardano (ADA) has repeatedly failed to break above the $0.926 resistance level since mid-August, with every attempt sparking heavy selling pressure. The most recent rejection came on September 14, leading to a 5% drop and signaling fading bullish momentum. Technical indicators on the daily chart highlight a bearish outlook. The Moving Average Convergence Divergence (MACD) is showing signs of a bearish crossover, where the MACD line dips below the signal line. Such crossovers often confirm weakening momentum and potential downside ahead. At the same time, the Parabolic Stop and Reverse (SAR)...

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, widely known as Crypto Mom, has denied endorsing private cryptocurrency projects or firms. The clarification follows claims from OpenVPP, a blockchain initiative aiming to transform the electric utility sector, which suggested it was collaborating with Peirce on energy tokenization. The project shared a photo of Peirce with OpenVPP CEO Parth Kapadia, creating the impression of her support. Peirce firmly rejected this implication, emphasizing that her role at the SEC does not involve promoting private ventures. Peirce...

President Donald Trump has filed a $15 billion defamation lawsuit against The New York Times, claiming its reporting damaged his reputation, media company, and Solana-based meme coin. The case, lodged in a Florida federal court, accuses the Times of abandoning journalistic standards and serving as a mouthpiece for the Democrat Party. The lawsuit targets reporters Susanne Craig and Russ Buettner, their book Lucky Loser, and publisher Penguin Random House, alleging false and malicious statements. Trump argues the coverage caused significant losses for Trump Media Technology Group (TMTG), which...