What to know: The U.S. Senate has approved the GENIUS Act with an overwhelming bipartisan vote. This marks the first time the Senate has ever cleared a major piece of crypto legislation after years in which key Democratic members blocked the advancement of such legislation. The bill heads to the House of Representatives, where its next steps remain uncertain while leading lawmakers work out a strategy for passage.The overwhelming bipartisan passage of the U.S. Senate's stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives.The major Democratic backing for the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act helps give it momentum as it lands in the other chamber, where House lawmakers can either vote on it as written or pursue changes that will require a final round in the Senate before it can head to President Donald Trump's desk.
As written, the bill would set up guardrails around the approval and supervision of U.S. issuers of stablecoins, the dollar-based tokens such as the ones backed by Circle, Ripple and Tether. Firms making these digital assets available to U.S. users would have to meet stringent reserve demands, transparency requirements, money-laundering compliance and regulatory supervision that's also likely to include new capital rules.
$BTC What to know: The U.S. Senate has approved the GENIUS Act with an overwhelming bipartisan vote. This marks the first time the Senate has ever cleared a major piece of crypto legislation after years in which key Democratic members blocked the advancement of such legislation. The bill heads to the House of Representatives, where its next steps remain uncertain while leading lawmakers work out a strategy for passage.The overwhelming bipartisan passage of the U.S. Senate's stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives.
What to know: The U.S. Senate has approved the GENIUS Act with an overwhelming bipartisan vote. This marks the first time the Senate has ever cleared a major piece of crypto legislation after years in which key Democratic members blocked the advancement of such legislation. The bill heads to the House of Representatives, where its next steps remain uncertain while leading lawmakers work out a strategy for passage.The overwhelming bipartisan passage of the U.S. Senate's stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives.
Israel carries out strikes targeting Iranian nuclear, military sites
Senior military officials and nuclear scientists have been killed in the attacks, according to Iranian state media.

A firefighter calls out to his colleagues at the scene of an explosion in a residential compound in northern Tehran, Iran, on June 13, 2025 [Vahid Salemi/AP Photo]
By Alastair McCready
Published On 13 Jun 202513 Jun 2025
The Israeli military has carried out several waves of airstrikes targeting nuclear facilities and military sites across Iran, killing senior Iranian military officials and nuclear scientists.
In a prerecorded video message posted early Friday morning, Israeli Prime Minister Benjamin Netanyahu said the strikes were aimed at hurting Iran’s nuclear infrastructure and ballistic missile factories.
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“This operation will take as long as is needed to complete the task of fending off the threat of annihilation against us,” Netanyahu said.
The Israeli military confirmed to The Times of Israel newspaper it had “launched an aerial campaign against Iran’s nuclear programme” in an operation dubbed “Nation of Lions”.
The Israeli military’s chief of staff, Eyal Zamir, said Iran’s nuclear programme had reached a “point of no return”, and Israel could not “wait for another moment to act” in the “fight to preserve our existence”.
An unnamed Israeli military official has told reporters that fighter jets have carried out five waves of attacks, featuring hundreds of strikes in total. Israeli strikes have been confirmed in at least eight locations across Iran, including the capital Tehran, Iran’s main uranium enrichment site in Natanz, and a nuclear research centre in Tabriz.
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for covera
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverag
DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.
Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.
Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.
And this narrative is nothing new: surveys have been saying this since 2022.
Market Movements:
BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.
ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws
Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.
Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage
Crypto prices popped higher during Saturday U.S. early evening hours.
Among the positive macro headlines were an apparent ceasefire between India and Pakistan, progress in U.S/China trade talks and movement towards a Ukraine/Russia deal.
Bitcoin jumped to just shy of $105,000, its highest level since late January.
They crypto bull move continued into the weekend thanks to a trio of positive macro developments.
Likely most responsible for the move was a President Trump Truth Social post regarding trade talks being held in Switzerland between the U.S. and China.
Arthur Hayes: Bitcoin to $1M as U.S.-China Seal Empty Trade Deal
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"A very good meeting today," said Trump. "Many things discussed, much agreed to," he continued. "A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!"
Earlier Saturday, Trump also announced a "full and immediate" ceasefire in the brewing war between India and Pakistan.
Completing the trio of good news, Russian President Putin said he was "in the mood for serious talks with Ukraine," and suggested talks "without preconditions" in Turkey next week.
Bitcoin (BTC) rose to just a few dollars short of $105,000 before pulling back to the current $104,500, ahead 1.5% over the past 24 hours. Ether (ETH) has continued its recent outperformance, up 7.7% over the same time frame.
Crypto prices popped higher during Saturday U.S. early evening hours.
Among the positive macro headlines were an apparent ceasefire between India and Pakistan, progress in U.S/China trade talks and movement towards a Ukraine/Russia deal.
Bitcoin jumped to just shy of $105,000, its highest level since late January.
They crypto bull move continued into the weekend thanks to a trio of positive macro developments.
Likely most responsible for the move was a President Trump Truth Social post regarding trade talks being held in Switzerland between the U.S. and China.
Arthur Hayes: Bitcoin to $1M as U.S.-China Seal Empty Trade Deal
0 seconds of 49 minutes, 31 seconds
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all newsletters
Sign me up
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
"A very good meeting today," said Trump. "Many things discussed, much agreed to," he continued. "A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!"
Earlier Saturday, Trump also announced a "full and immediate" ceasefire in the brewing war between India and Pakistan.
Completing the trio of good news, Russian President Putin said he was "in the mood for serious talks with Ukraine," and suggested talks "without preconditions" in Turkey next week.
Bitcoin (BTC) rose to just a few dollars short of $105,000 before pulling back to the current $104,500, ahead 1.5% over the past 24 hours. Ether (ETH) has continued its recent outperformance, up 7.7% over the same time frame.
As expected, the U.S. central bank held monetary policy steady at the conclusion of its two-day meeting on Wednesday.
Aiming to navigate the effect of the Trump tariffs, the Fed said risks to the labor market and for higher inflation have each risen.
Bitcoin remained higher on the session at $96,600.
As was widely expected, the U.S. Federal Reserve held its benchmark fed funds rate range steady on Wednesday at 4.25%-4.50%, extending its pause on monetary easing for the third consecutive meeting.
"Uncertainty about the economic outlook has increased further," said the Fed in its accompanying statement. "The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen."
How Unichain Is Improving the DeFi Experience
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Bitcoin (BTC), which slipped back below $97,000 during the day paring gains from a late Tuesday rally on U.S.-China trade talks, was trading at $96.600 shortly after the Fed’s decision.
The decision comes as policymakers are navigating a treacherous macroeconomic landscape amid the Trump administration's global tariff rollout. Inflation remained sticky above the 2% target and questions abound of how tariffs will translate into consumer prices, while the economy showed signs of decelerating.
Market participants anticipate three rate cuts this year targeting July as the most likely first meeting to lower rates. However, Fed members have been vocal about waiting for more clarity on the impact of tariffs before changing course.
All eyes are now on Powell’s upcoming remarks at 2:30 pm ET (18:30 UTC), which could offer crucial clues on the Fed’s thinking for the upcoming months.