CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2781.73, up 3.9% (+105.41) since 4 p.m. ET on Friday.

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Sixteen of 20 assets are trading higher.

Leaders: HBAR (+11.3%) and CRO (+9.7%).



Laggards: ICP (-7.8%) and APT (-5.9%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

CoinDesk 20 Performance Update: Hedera (HBAR) Gains 11.3%, Leading the Index Higher

Ondo Finance has purchased $25 million of YLDS, the yield-bearing stablecoin issued by Figure Technology Solutions, to diversify the assets backing its tokenized US Treasurys fund.

The company said Monday that YLDS will be added to a reserves portfolio that already includes tokenized Treasury products from major asset managers, including funds issued by BlackRock, Fidelity, Franklin Templeton, and WisdomTree.

Designed for institutional investors, the Ondo Short-Term US Government Bond Fund (OUSG) offers onchain exposure to Treasurys with 24/7 redemptions and an estimated annual return of 3.68%. The tokenized fund has about $777 million in total value locked (TVL) as of this writing.

Figure runs lending and capital-markets infrastructure on the Provenance blockchain, and has originated more than $19 billion in loans across home-equity lines, mortgage products, and crypto-backed credit. The deal follows Figure’s completion of its Nasdaq IPO earlier this year. According to DefiLlama data, its YLDS stablecoin has a market capitalization of around $100 million.

Ondo Finance is a US-based platform founded in 2021 that tokenizes traditional financial assets. In October, the company expanded its tokenized asset lineup to BNB Chain, adding more than 100 tokenized Wall Street stocks and exchange-traded funds onchain.

On Wednesday, the platform received regulatory approval from the Liechtenstein Financial Market Authority (FMA) to offer tokenized stocks in Europe.

Figure’s stock price was up nearly 4% in early trading on Monday, according to Yahoo Finance data.

Related: Ondo Finance to SEC: Hold off on Nasdaq’s tokenized securities plan

Crypto-backed lending gains momentum

Crypto-backed lending is gaining traction globally, and the trend has accelerated in 2025 as more lenders revive and expand crypto-collateralized loan products.

In July, Block Earner introduced Bitcoin-backed home loans in Australia, offering borrowers cash worth up to half a property’s value, with the crypto collateral safeguarded by Fireblocks.

On Tuesday, stablecoin issuer Tether announced an investment in Ledn, a platform that provides Bitcoin-backed consumer loans. In the third quarter, Ledn reported originating over $390 million in BTC-backed loans.

Centralized exchanges are also expanding into this space and broadening their offerings beyond Bitcoin (BTC). On Thursday, Coinbase rolled out Ether-backed loans for US customers, letting users borrow up to $1 million in USDC against their Ether (ETH) holdings.

Coinbase’s onchain lending markets have handled about $1.28 billion in loan originations since launching earlier this year, according to Dune data.

Magazine: Cliff bought 2 homes with Bitcoin mortgages: Clever… or insane?

Ondo turns to Figure’s stablecoin with $25M investment to back tokenized fund

Cryptocurrency wallet firm Exodus Movement (NYSE American: EXOD) is buying W3C Corp, the parent company of crypto card and payments firms Baanx and Monavate for $175 million, in a deal comprising cash on hand and financing from Galaxy Digital secured by Exodus’ Bitcoin holdings.

Baanx and Monavate have been working on crypto cards and self-custody Web3 payments with the likes of Visa, Mastercard and MetaMask. Broadly speaking, the deal allows Exodus to become one of the few self-custodial wallets to control the end-to-end payments experience, from wallets to cards.

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Exodus will assume ownership of the underlying card and payments stack and be positioned to issue payment cards via networks like Visa, Mastercard and Discover, while broadening its geographic reach to support new products and partnerships across the U.S., UK and the EU, Exodus said on Monday.

The infrastructure is also expected to expand the capabilities for enterprise clients whose customers transact through Exodus’ XO Swap application, the wallet firm said.

“Today’s announcement is a major step in our mission to make self-custody and crypto payments practical for everyday life,” said Exodus CEO JP Richardson. “People already trust Exodus to hold their dollar stablecoins and crypto. By bringing card and payments infrastructure in-house, we are closing the gap between holding and spending, and positioning Exodus as the only platform you need for your money.”

The announcement closely follows Exodus’ acquisition of LATAM-based Grateful, a stablecoin payments orchestrator that extends its reach in stablecoin-powered payments.

The economics from interchange, processing and program fees are expected to become a foundational part of our payments and transaction services business, said James Gernetzke, Chief Financial Officer of Exodus, in a statement.

“These offerings will diversify our revenue streams as they help build a more predictable, recurring earnings base aligned with everyday use of digital dollars, while continuing to allow Exodus to take advantage of the volatility of crypto markets,” Gernetzke said.

The deal, which is subject to customary adjustments and approvals, is expected to close in 2026.

Crypto Wallet Firm Exodus Buys Baanx and Monavate for $175M

Crypto assets and stocks are moving higher, buoyed by a massive new artificial intelligence (AI) investment from Amazon.

On Monday morning, the tech giant announced it planned to sink $50 billion into AI and supercomputing capabilities for Amazon Web Services (AWS) US government customers.

Amazon plans to break ground on new data centers next year, with the total investment slated to provide 1.3 gigawatts of AI and supercomputing capacity across AWS Top Secret, AWS Secret, and AWS GovCloud (US) Regions.

AWS CEO Matt Garman says the investment is designed to “transform how federal agencies leverage supercomputing.”

“We’re giving agencies expanded access to advanced AI capabilities that will enable them to accelerate critical missions from cybersecurity to drug discovery. This investment removes the technology barriers that have held government back and further positions America to lead in the AI era.”

The stock market jumped on Monday, with the S&P 500 gaining more than 1.5% and the Nasdaq Composite surging by more than 2.5%. Amazon’s stock jumped 1.91%, though it is still down 1.43% in the past five days.

Digital assets also rebounded, with the overall crypto market cap ticking up 2.1% in the past 24 hours, per data from CoinGecko. Bitcoin (BTC) is up 1.61% and Ethereum (ETH) jumped by nearly 5%.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Stocks and Crypto Tick Up As Amazon Announces $50,000,000,000 AI Investment For US Government Customers

XRP and Dogecoin (DOGE) jumped in price as the crypto investment giant Grayscale rolled out new spot exchange-traded funds (ETFs) for both assets on Monday.

Grayscale converted both new products, which are now available on the ETF and securities exchange NYSE Arca, from preexisting trusts.

The Dogecoin ETF, tickered GDOG, is the first pure spot DOGE exchange-traded fund available in the US. Multiple spot XRP ETFs have already launched this fall.

XRP is up more than 7% in the past 24 hours. The 4th-ranked crypto asset by market cap is trading at $2.20 at time of writing.

DOGE is up nearly 4.5% in the past day. The 10th-ranked crypto asset by market cap is trading at $0.152.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, notes that 5 spot crypto ETFs are rolling out over the next six days and many more are scheduled to launch in subsequent months.

“Beyond that, we don’t have exact [numbers], but we expect a steady supply of them (likely over 100 in the next six months). Nice chart showing what’s launched and what’s on deck from [Bloomberg Intelligence senior research analyst] James Seyffart.

Note: our 100 estimate includes ’40 Act stuff too, which includes 2x. Tons of spot, though. Land rush in effect, no matter how you define it.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto Giant Grayscale Rolls Out New Spot XRP and Dogecoin Exchange-Traded Funds

The past month’s mild stock market dip hasn’t dissuaded strategists at Morgan Stanley from raising their S&P 500 forecast for next year.

Mike Wilson, the financial giant’s chief investment officer, now thinks the S&P 500 will finish 2026 at 7,800 amid a “new bull market.”

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With the leading index trading at 6,702.82 at time of writing, that would represent an increase of more than 16% over the next 13 months.

Wilson says in a new interview with Bloomberg Television that the Federal Reserve needs to cut rates for that forecast to materialize.

He also says it’s dependent on “the earnings cycle broadening out.” Wilson argues that the Fed’s balance sheet needs to expand to support the growth that he predicts will materialize next year.

[5:32] “If we don’t get at least one of those items surprising the markets, meaning more than three cuts, or we get more balance sheet expansion, call it QE, call it something else, yield curve control, whatever you want to call it, if we don’t get some combination of that, then we’re not going to reach our target.

So I’m assuming that we get there either through the labor data or through some financial stress.”

The S&P 500 is up nearly 1% in the past five days but down 1.31% in the past month.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Morgan Stanley Raises 2026 S&P 500 Prediction Amid ‘New Bull Market’ – Here’s Their Forecast

TON, the native token of the Telegram-affiliated blockchain, surged 8.33% to $1.60 in the last 24 hours, driven by a mix of ecosystem milestones and growing support.

The move propelled TON to break past the $1.60 mark, driven by rising volume and renewed market momentum, while outperforming the broader crypto market. Based on the performance of the CoinDesk 20 (CD20) index, the market has risen by around 4% during the same period.

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The rally follows the release of TON’s October ecosystem recap, which highlighted key developments including the launch of Confidential Compute Open Network (COCOON), a decentralized AI network introduced by Telegram founder Pavel Durov.

Integrated directly into Telegram, COCOON aims to connect financial applications and AI tools across the app’s 900 million users, positioning TON as a hub for AI-powered decentralized finance.

Other updates added fuel to the move. TON now supports trading of tokenized U.S. stocks via Telegram wallets, while Lamborghini debuted digital collectibles on the network.

Liquidity and institutional interest are also growing. TON was listed on Bitstamp, adding to earlier support from Coinbase Ventures and Gemini. Chainlink adopted TON as a crosschain standard, enabling easier data integration for apps built on the network.

TON’s top DEX, STON.fi, reported rising TVL and volumes amid new yield farming programs.

From a technical standpoint, TON confirmed a breakout from a double bottom pattern, with volume up 15% and RSI rebounding from oversold levels according to CoinDesk Research's technical analysis data model.

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.

TON Rallies 8% as Telegram Ecosystem Expands With AI Launch, Tokenized Stocks

CME Group broke its single-day record for cryptocurrency futures and options trading, logging 794,903 contracts on November 21, the company said. The spike, which surpasses the previous record set in August, highlights a surge in demand for regulated crypto derivatives during a time of heightened market volatility.

The Chicago-based exchange has seen activity in its crypto suite climb throughout 2025, fueled by both institutional players and retail investors. Giovanni Vicioso, CME’s global head of cryptocurrency products, said the increase reflects growing interest in tools that help manage risk in an unpredictable market.

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“Amid ongoing market uncertainty, demand for deeply liquid, regulated crypto risk management tools is accelerating,” he said.

The contracts represent assets like bitcoin BTC $ 88,612.47 and ether ETH $ 2,969.53, and traders use them to hedge against price swings or speculate on future moves without holding the underlying tokens. For example, a hedge fund that expects a downturn in bitcoin might short CME’s bitcoin futures to limit losses on spot holdings.

CME's year-to-date crypto average daily volume (ADV) now sits at 270,900 contracts, valued at $12 billion in notional terms, up 132% compared to the same period last year. Open interest, or the number of outstanding contracts, rose 82% year-over-year to 299,700 contracts, totaling $26.6 billion in notional value.

In the fourth quarter alone so far, average daily volume has jumped 106% from the same period in 2024, reaching 403,200 contracts with a notional value of $14.2 billion. Open interest for the same period grew 117%, totaling 493,700 contracts valued at $35.4 billion.

The increase in trading volume signals that more investors are looking for regulated exposure to crypto markets, even as uncertainty persists. CME Group, which launched its bitcoin futures in 2017, has steadily expanded its crypto offerings to meet this demand.

BTC, ETH News: CME Crypto Futures Volume Hits Record 795K Contracts Amid Volatility

The project behind the data availability blockchain Celestia rolled out on Monday what it calls its biggest software upgrade yet, dubbed Matcha.

At its core, this update is designed to boost the network’s capacity and improve token economics. Among the technical changes, it increases the maximum block size to 128 MB (up from 8 MB) and changes how data propagation works, enabling much higher throughput.

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Simply put, Celestia is preparing itself to handle much more data, which is important if many applications start using it as their underlying “routing” or “data-availability” layer.

Beyond throughput, Matcha upgrade also claims to make significant economic and interoperability improvements. The upgrade cuts annual token inflation from ~5% down to ~2.5%. It also removes a “token filter” for cross-chain bridges, meaning non-TIA assets can more easily be moved through or routed by the Celestia layer. This is meant to signal that Celestia wants to become a go-to layer for cross-chain data availability and asset routing.

The project’s native token, TIA, is roughly up about 6% over the last 24 hours, trading around $0.65. However, the token is still down 97% from its peak of around $19.70 in December 2024.

Read more: From Airdrop to Freefall: Celestia’s Tokenomics Under Fire



TIA Token News: Celestia’s ‘Matcha’ Upgrade Preps Network for Cross-Chain Future

The native token of the BNB Chain, BNB, regained ground over the last 24-hour period, seeing a 1.88% rise to $863 after slipping to a session low of $833. The rebound follows a sharp drop earlier in the month, when BNB broke through a key support range around $800 but found buying interest below that level.

The last 24 hours saw BNB peak above $866 as it carved out a broad range before recovering in the last few hours. The bounce lifted the token above multiple resistance zones that had formed after a series of failed attempts earlier in the week, according to CoinDesk Research's technical analysis data model.

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Although the volume remained moderate in comparison to the figures seen during the recent major sell-off, it was enough to reverse the earlier breakdown.

For traders, the recovery could signal short-term stability, though the relatively low volume behind the move may limit follow-through. Earlier this week, heavy sell pressure and a string of lower highs confirmed a bearish trend, capped by repeated rejections near $855.

BNB’s return above $860 brings it back into a zone that had served as resistance. If it holds, $870 could become the next level to watch. But if sellers return, the $832-$836 band remains the critical floor.

The token has nevertheless underperformed the wider crypto market’s recovery, with the CoinDesk 20 (CD20) index rising 4% in the last 24-hour period.

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.

BNB News: Token Rebounds Above $860 After Testing Key Support, But Lags Broader Crypto Market

Stellar’s XLM notched solid gains Tuesday, rising 3.53% to $0.2508 and outperforming the broader crypto market by more than a percentage point. Trading activity picked up meaningfully, with volumes running 23% above weekly norms — a sign traders were positioning for a potential breakout even in the absence of major fundamental catalysts.

The rally pushed XLM directly into resistance at $0.2540, creating a key technical battleground as intraday volatility reached nearly 5%. While price action briefly tested both sides of the market, overnight trading delivered the session’s most notable development: a 70.4 million surge in traded tokens, roughly 94% above the 24-hour average, helping reinforce support near $0.2443.

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Momentum, however, began to shift late in the session. Heavy sell orders hit during the final minutes of trading, driving XLM from $0.2477 to $0.2449 on a 2.8 million-token spike at 16:58. The abrupt reversal pointed to profit-taking pressure and signaled emerging downside risks.

With fundamentals quiet, traders are now focused on whether XLM can reclaim the $0.2540 resistance zone or if late-session weakness sets the stage for a retest of support around $0.2420. Elevated volume alongside shifting institutional flow patterns suggests volatility could remain elevated in the near term.

XLM/USD (TradingView)

Key Technical Levels Signal Mixed Outlook for XLM

Support/Resistance: Primary support holds at $0.2422 with resistance forming near $0.2540; new support test at $0.2449 following late selling.

Primary support holds at $0.2422 with resistance forming near $0.2540; new support test at $0.2449 following late selling. Volume Analysis: 23% surge above weekly average confirmed buying interest; final-hour institutional flow suggested profit-taking pressure.

23% surge above weekly average confirmed buying interest; final-hour institutional flow suggested profit-taking pressure. Chart Patterns: Range-bound consolidation with $0.0124 trading range; late-session reversal pattern created downside momentum.

Range-bound consolidation with $0.0124 trading range; late-session reversal pattern created downside momentum. Targets & Risk: Further decline toward $0.2420 likely if selling persists; upside resistance remains at $0.2540 level.

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.

XLM Climbs 3.5% to $0.25 as Technical Recovery Gains Momentum

HBAR climbed 2.38% to $0.144 as trading volume surged 59% above its weekly average, driven by Axelar’s new integration that links Hedera to more than 60 blockchains.

Despite the catalyst, the token lagged the broader market, underperforming the CD5 index by 1.64% as capital rotated into other digital assets. Intraday volatility remained elevated, with a $0.0146 range and a peak at $0.1555 before sellers pushed price into a descending channel.

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Support formed near $0.1410 as late-session buying stabilized the pullback. Short-term data showed a strong 60-minute reversal pushing HBAR from $0.1413 to $0.1443 on robust volume, reinforcing bullish momentum above newly established support. Still, the broader trend remains heavy, defined by persistent lower highs that have shaped the market since September.

HBAR continues to trade below key EMAs, with the 20-day at $0.155 and higher-timeframe resistance reinforced by the 50- and 100-day EMAs at $0.174 and $0.189. The macro trend remains bearish; tempering optimism around Axelar-driven interoperability gains. Traders will be watching whether expanding cross-chain liquidity can spark a sustained challenge of structural resistance.

HBAR/USD (TradingView)

Key Technical Levels Signal Mixed Outlook for HBAR

Support/Resistance: Immediate support holds at $0.1410 with resistance at $0.1450; major ceiling remains at 20-day EMA $0.155.

Volume Analysis: 59% surge above weekly average validates price action; breakout volume of 6.8M confirms reversal attempt strength.

Chart Patterns: Descending channel dominates 24-hour structure while ascending pattern emerges in 60-minute timeframe, suggesting potential reversal.

Targets & Risk/Reward: Next resistance targets $0.1450-$0.1555 range; break below $0.1410 triggers $0.125 demand zone test.

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.

HBAR Gains 2.4% to $0.144 as Axelar Integration Drives Cross-Chain Expansion

Franklin Templeton launched its XRP exchange-traded fund (ETF), the Franklin XRP Trust (XRPZ), on NYSE Arca Monday, giving investors regulated access to the XRP token. The move places one of Wall Street’s oldest institutions into the growing field of XRP fund issuers, which already includes Bitwise, Grayscale and Canary Capital.

The launch expands Franklin’s crypto lineup. It now manages ETFs tied to bitcoin (EZBC), ether (EZET), XRP (XRPZ), and its diversified digital asset fund (EZPZ), offering traditional investors exposure to a broader range of crypto assets without requiring self-custody.

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David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, said in a statement Monday that XRP plays a "foundational role in global settlement infrastructure.”

The rollout marks a significant turn in XRP’s fortunes. Just five years ago, the token faced mass delistings from major exchanges after the U.S. Securities and Exchange Commission (SEC) sued Ripple in late 2020. The agency alleged Ripple had sold XRP as an unregistered security since 2013. That lawsuit finally settled in August 2025, when Ripple agreed to pay the SEC a $125 million settlement without admitting wrongdoing.

Since then, interest in XRP has rebounded, particularly as regulators have begun to outline clearer rules for digital assets. Franklin Templeton’s ETF is part of a broader trend of institutional players entering the crypto space through regulated investment vehicles.

“Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP serve as powerful incentive mechanisms that help bootstrap decentralized networks and align stakeholder interests,” said Roger Bayston, head of digital assets at Franklin Templeton. “Within a diversified digital portfolio, we view XRP as a foundational building block. XRPZ provides regulated custody, daily transparency and liquidity without the operational complexity of holding the token directly.”

The ETF structure lets institutional and retail investors gain XRP exposure through brokerage accounts, with daily pricing and SEC oversight. Grayscale's XRP ETF also launched Monday.

Crypto asset manager Bitwise launched its XRP ETF last week and saw roughly $118,000,000 in inflows, Bitwise CEO Hunter Horsley said.

CoinDesk 20 Performance Update: Hedera (HBAR) Gains 11.3%, Leading the Index Higher

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