German Bank Sparkassen-Finanzgruppe Plans to Offer Bitcoin For Private Customers

Germany’s largest savings bank financial group, known as the Sparkassen-Finanzgruppe, have announced their plan to offer Bitcoin and other crypto trading services to private customers. The move comes after years of hesitation over digital assets risk and volatility. “We should offer customers the opportunity to trade cryptocurrencies at the Sparkassen as well,” said Matthias Dießl,…

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Asia Morning Briefing: Are Distributed Compute Tokens Undervalued vs. CoreWeave (CRWV)?

Tech investors love to pay for potential. GameFi tokens, with sky-high valuations divorced from current user numbers or revenues, embody this optimism perfectly — as CoinDesk investigated in 2022, Decentraland’s then billion-dollar market cap didn’t quite match the number of active players on the platform. But, surprisingly, distributed compute tokens don’t seem to enjoy the…

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ETH Price Surges as $2.9B Inflows, EthCC, and Robinhood’s L2 Fuel Bullish Sentiment

Ether (ETH) 3.5% in the past 24 hours to $2,519 as of 18:59 UTC on June 30, according to CoinDesk Research’s technical analysis model, supported by continued institutional demand, network upgrades, and major retail platform integrations. Institutional interest remains robust, with CoinShares reporting $429 million in net inflows into ether investment products over the past…

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Filecoin Gives Back Chunk of Recent Gain to Trade 2% Higher

Filecoin (FIL) experienced a dramatic 6.1% surge on June 29, jumping from $2.31 to $2.41 with exceptionally high trading volume, before encountering resistance and reverting lower, according to CoinDesk Research’s technical analysis model. The model showed that high-volume resistance has been established at the $2.41 leveI. Horizontal support zone has formed around $2.27-$2.28 where buyers…

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Katana mainnet launch nears as pre-deposit closes with $200M in active deposits

Katana mainnet launch is around the corner after over $200 million in productive DeFi deposits. Katana’s VaultBridge and CoL mechanisms will power yield and liquidity efficiency. Katana supports cross-chain assets like SOL, XRP, and SUI on-chain. Katana, a new DeFi-centric layer-2 blockchain built on Ethereum, has people on tentacles amid its highly anticipated mainnet launch…

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