Pudgy Penguins’ recent rally may be a breakout driven by ecosystem momentum. This move appears to have benefited long-term holders in unexpected ways, according to on-chain data. According to DNTV Research founder Bradley Park, the surge may have provided liquidity, that is, enough buyers in… Read More
Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind by the year’s largest decentralized finance (DeFi) exploit, Arkham posted on X on Saturday. “AAVE have so far raised $160M to cover the bad debt… Read More
The crypto market structure bill has not made much public movement in a month. While making a prognosis on the bill is difficult, it’s not hard to see that the clock for passage is running out. You’re reading State of Crypto, a CoinDesk newsletter looking… Read More
The biggest traders on Hyperliquid have been building a long bitcoin BTC$78,134.03 position for two months, and the price chart is starting to break their way. Glassnode data shows whale positioning on Hyperliquid, the onchain perpetual futures exchange, flipped from net short to net long… Read More
A few hundred of the top $TRUMP memecoin holders were treated to some personal time with U.S. President Donald Trump and his high-profile guests on Saturday at an event at his Florida club in which Trump warned bankers against getting in the way of crypto… Read More
The modern financial system was never designed for machines. It was built around the constraints of human life: geography, sleep cycles, paperwork, and physical presence. But as AI agents begin to act as economic participants, that human-centric design is starting to look less like a… Read More
