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Showing posts from October, 2024Show all
Justin Sun Wants More TradFi on Tron, Dogs Over Cats for Memecoins CoinDesk had 20 minutes in person with the Tron founder on the sidelines of Chainlink's Smartcon at Hong Kong Fintech Week. We covered a lot. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries The company's flagship stablecoin USDT is the third-largest cryptocurrency with a $120 billion market capitalization. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Michael Saylor Conjures Stock Market Magic With Giant Plan to Buy More Bitcoin Michael Saylor's MicroStrategy tops Coinbase as the biggest crypto stock after revealing huge plan to buy more bitcoin (BTC). CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Opportunities for Blockchains and Digital Assets to Support and Enhance U.S. National Security With regulatory certainty, the national security benefits of digital assets and blockchain technology will grow exponentially, say four national security experts. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Making Crypto Tokens Useful and Fair Instead of parsing the Howey test, founders should prioritize making tokens useful and fair, say Jake Chervinsky and Rebecca Rettig. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot "The company we’ve built is different from the company dYdX must be," said the CEO. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DWF Labs Fires a Partner After Drink-Spiking Allegations  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Coinbase Revenue May be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say Coinbase Q3 earnings preview CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer The costly meltdown of global exchange FTX is still settling big chunks of its bankruptcy drama, now securing about $228 million from Bybit to further feed the cash dispersal that was approved in court earlier this month. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Arthur Hayes' Maelstrom Hedges U.S. Election Uncertainty With Staked USDe; Holds Large BTC, ETH Bullish Bets "Given the uncertainty, Maelstrom has 5% of the fund in staked USDe (Ethena USD), earning roughly 13%," Hayes told CoinDesk. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio BTC's best years have been characterized by copper's outperformance relative to gold. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
From Smuggling Gold Out of Africa to Bridging Bitcoin and Cardano A longtime regular on the crypto scene, Sovryn and BitcoinOS founder Edan Yago learned the importance of financial sovereignty at an early age. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto Rally Foiled by Report of DOJ Probe of Tether Bitcoin appeared poised to make another run at $70,000, but a WSJ story of a criminal probe into the stablecoin issuer sent prices tumbling Friday afternoon. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Breaking Down Information Silos in Web3 With AI  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump Polymarket Odds Briefly Dip After His No. 2 Bull Adds Bet on Harris The former president's probability of retaking the White House slid to 59% Wednesday before rebounding. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Justin Sun, Bitcoin Mempool Sniping, XRP for Harris, Inspirational Women This week's issue could not be more chock-full of blockchain content. We clarify Tron founder Justin Sun's role in the WBTC project, bring you excerpts from the new crypto book "Lessons Learned" and highlight inspirational women of Web3 and AI. PLUS a photo from the stage at Cosmoverse. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Protocol Village: Domain Network D3 Global Partners With Identity Digital to Tokenize Domains   CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Is Going to $80K Regardless of Trump or Harris Win, Traders Say Traders say BTC is headed to new highs regardless of a Democrat or Republican win. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Andy Barr's 'Vision' for House Financial Services Congressman Andy Barr (R-Ky.) is one of the lawmakers running to succeed U.S. House Financial Services Committee Chair Patrick McHenry (R-N.C.) as the head of the Republican wing of the committee, which oversees regulators like the Securities and Exchange Commission and is responsible for shepherding legislation that might affect the U.S. capital markets and banking sectors, among others. He shared some of his thoughts on what his crypto priorities might be during an aside at the Flyover Fintech conference on Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Aurum Launches $1B Tokenized Fund for Data Center Investments on XRP Ledger With Zoniqx The vehicle will focus on data center investments across the U.S, United Arab Emirates, Saudi Arabia, India, and Europe, claiming to be the "world’s first combined equity and debt tokenized fund." CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
No, Polymarket Whales Aren't Evidence of Prediction Market Manipulation If you think the Trump bulls are wrong, bet against them. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. Election Betting: Kalshi's Polymarket Rival Quickly Gets Traction In just three weeks, Kalshi's presidential prediction market has passed $30M in volume. It still trails Polymarket's $2 billion. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
ApeCoin Surges 100% as Yuga Labs Debuts ApeChain "ApeCoin has introduced an automatic yield mode, allowing users to passively earn returns by staking their APE tokens," one observer said, explaining the catalysts for the price rally. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Gets Yet Another Bullish Signal as Prices Near $70K  A widely-tracked momentum indicator has flipped positive for the first time since April. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Promise of Trustless Environmental Monitoring  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
ONDO Spikes 8% as Major Derivatives Exchanges Mull BlackRock's BUIDL as Collateral Option The tokenization platform's governance token has been a favored proxy play among crypto traders for BlackRock's tokenization push. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The New Blockchain Trilemma Is Here, and It’s Not About Technology The original blockchain trilemma said builders had to choose between decentralization, scalability and security. The new one is a choice between products, customers and regulatory approval, says EY’s Paul Brody. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
'High-Risk' Crypto Loans Surge to a Two-Year High of $55M  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Staked Ether Is Creating a Benchmark for the Crypto Economy, Says ARK Invest The growing use of stETH in DeFi protocols means the asset is slowly taking the role of the fed funds rate in the crypto ecosystem, says ARK Invest. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Sam Altman's Eye-Scanning Orbs Can Now be Summoned 'Like a Pizza', Say Worldcoin Execs The project will now be know simply as "World" and plans to release "Orb 2.0," the executives said during a presentation. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Nishad Singh’s Lawyers Ask Judge to Spare Him Prison, Say He Is an 'Uncommonly Selfless Individual' Lawyers say that his early cooperation was critical to bringing cases against Sam Bankman-Fried and Ryan Salame. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Protocol Village: Conduit Launches New G2 Sequencer, Claiming 10x Improvement Over Existing Versions    CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Radiant Capital Loses $50M to Second Blockchain Exploit This Year Attackers appear to have obtained three private keys controlling upgrade access over the protocol. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Crypto Turns Up Nose at Trump Token Sale, 'Gold Paper' Republican U.S. presidential candidate Donald Trump's pledge to support the crypto industry with favorable policies hasn't translated to a robust reception for his token sale this week, with just a tiny fraction placed out of the targeted $300 million. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why the $172B Stablecoin Market Could Send Crypto Prices Higher The stablecoin market isn’t unlike Berkshire Hathaway’s enormous cash stash – it’s sitting there ready to be deployed, according to CoinMarketCap’s Alice Liu. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ex-Valkyrie Founder’s Canary Capital Group Files for First Litecoin ETF Canary Capital Group, a new digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, seemingly wants to become a leader in the world of crypto exchange-traded funds (ETFs) rather than a follower. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SingularityDAO Plans to Merge With Cogito Finance, SelfKey to Form AI-Focused Layer-2 The three projects' tokens will consolidate into Singularity Finance (SFI). CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
CME's Bitcoin Friday Futures Are Ideal for News Traders: CF Benchmarks Friday contracts debuted on Sept. 30 with a bang, becoming CME's most successful crypto futures launch ever. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETF Daily Inflow Hits $556M as BTC Appears Primed for Breakout Weekly inflows might challenge records as technical pointers suggest a BTC rally in the works. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
This Chart Indicates Bitcoin May Be Headed For Record Highs Above $73K  The Three-line break chart, which filters out noise and erratic price movements, suggests the broader bull run has begun. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump's New Administration Would Support Strong Dollar, Economic Advisor Says A potential Trump presidency could bode well for one of BTC's top nemesis, the U.S. dollar. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Australia’s First Spot Ether ETF to Go Live on Tuesday The launch of Monochrome Ethereum ETF follows the crypto investment firm's spot bitcoin ETF, which went live in August. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Begins the Week on a High, Jumps Above $64K Crypto majors moved higher Monday while memecoins led weekend action. PLUS: China stimulus announcements fell short of expectations, but traders’ hopes remain high. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethena Labs Proposes SOL for USDe's Collateral If the proposal is approved, SOL will join BTC and ETH within Ethena's collateral mix. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Takes Another Shot at $63.5K as China's Vague Fiscal Stimulus Deters Capital Shift China's highly-anticipated fiscal stimulus announcement fell short of expectations, reducing the likelihood of capital flows into Chinese equities. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump-Supported World Liberty Financial Will Start Public Token Sale Next Week The WLFI token sale will be open for everyone who has been qualified through the project's whitelist. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Arkham's Token Soars 16% on Report Sam Altman-Backed Crypto Firm Plans Derivatives Exchange The company also relocated to the Dominican Republic, Arkham CEO Miguel Morel confirmed to CoinDesk. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Four Reasons Ether ETFs Have Underperformed ETH ETFs haven't gained the same traction as BTC ETFs, even seeing net outflows this week. Tom Carreras investigates why. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Tumbles Below $59K Amid Inflation Worry, Regulatory Onslaught on Crypto  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Nearly 50% of U.S. Investors Plan to Invest in Crypto ETFs: Charles Schwab Survey Crypto was the leading asset class among millennial ETF investors, topping even stocks and bonds, the survey showed. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SEC Sues Crypto Market Maker Cumberland DRW The regulator alleged the company "bought and sold" crypto assets that were sold as securities, but did not register as a securities dealer. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Prosecutors Charge Two Crypto ‘Market Makers,’ Employees With Market Manipulation, Fraud Gobit and ZM Quant were secretly offering market manipulation services to projects that wanted to artificially inflate their trading volume, prosecutors allege. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Peter Todd Wants to Fix Satoshi's Bitcoin Bugs The HBO documentary turned the spotlight on an early Bitcoin contributor who recently has proposed an upgrade to fix all the bugs left in Bitcoin's original code. PLUS: Criticisms mount after EigenLayer unlocks EIGEN token, as Babylon vaults to top of Bitcoin DeFi leaderboard. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
How Crypto Reacted to HBO's Big Satoshi 'Reveal' HBO's Satoshi documentary Tuesday got plenty of attention. But experienced hands were not convinced by the show's conclusion. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs "Of course I'm not Satoshi," Todd told CoinDesk Tuesday, saying that filmmaker Cullen Hoback was "grasping at straws." CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Protocol Babylon Pulls in $1.5B of Staking Deposits as Cap Lifted  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto’s Token Lockup Orthodoxy Is a Scam Today’s prevailing token distribution model is fundamentally broken, says Christopher Goes, co-creator of Anoma and Namada. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Solana Is 'Richly Valued' Versus Ether, but Could Still Outperform If Trump Gets Elected: Standard Chartered The bank's analysts remained bullish on bitcoin and crypto in general no matter who wins the presidency in November. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Hong Kong Gearing up to Approve More Cryptocurrency Exchange Licenses by Year End: SFC HKVAX is the latest exchange to receive approval. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
MicroStrategy Surges to 6-Month High as Bitcoin Wrestles With Key Moving Average NEAR, UNI and APT led crypto gains, while bitcoin (BTC) faded after pushing through $64,000 earlier in the day. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
My Friend, Satoshi? A forthcoming HBO documentary has reopened speculation that Len Sassaman was the creator of Bitcoin. I knew Len. The theory is plausible. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
UAE Exempts Crypto Transactions From Value Added Tax The United Arab Emirates has exempted crypto transactions from value-added tax (VAT), according to an amendment in the law made by the Federal Tax Authority. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin, Asian Equities May Be Losing Capital to China Stocks Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Nears $64K, “Memecoin Supercycle” Trends as MOG, POPCAT Surge Memecoins have been one of the best-performing crypto sectors in the past year, buoyed by vibrant social communities and attention in the market. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
AI Tokens Lead Crypto Rebound Amid Strong U.S. Economy Bitcoin may have bottomed at $60,000 earlier this week, and the Fed easing into a strong economy points to more upside, Will Clement said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. Election Betting: Regulated Presidential Markets Are Live, and Tiny Compared to Polymarket's With a month to go before Election Day, Kalshi and Interactive Brokers have listed prediction markets on the race for the White House. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Case for Congressional Focus on Decentralized AI It’s imperative lawmakers not overlook decentralized AI as they begin to regulate AI, says Cheng Wang, CFO of Overclock Labs, which operates the Akash Network, a decentralized cloud. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
NFT Mania Is Back? Maybe Not, but a CryptoPunk Just Sold for a Record $56.3M Punk 1563 changed hands for 24,000 ETH, a huge markup versus recent pricing. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Binance's Crypto Market Share Sinks to 4-Year Low While Binance remains a giant in crypto trading, its volumes dropped over 20% in September versus the previous month, while rival Crypto.com's surged over 40%. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Why You Should (Still) Care About Silvergate It’s become increasingly clear that crypto-focused banks such as Signature and Silvergate were closed by political mandate during the 2023 banking crisis, says Nic Carter. And the way it was done should bother anyone who cares about open access to financial services. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Blockchain Prepares New Memecoin 'Pepper' The Chiliz blockchain is aiming to become "the sports blockchain," its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Indiana Man Pleads Guilty to Stealing $38M in Crypto Via ‘Cyber Intrusion’ An Indiana man has pleaded guilty to taking part in the “cyber intrusion” of a Sioux Falls, South Dakota-based financial services company, during which he and unnamed co-conspirators hacked into the company’s servers, stole customers’ personal information, and then stole nearly $38 million in cryptocurrency from 571 victims. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Spectre of Sam Bankman-Fried Overshadowed Caroline Ellison's Sentencing Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Tether's USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino Ardoino says there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Diddy Hires Sam Bankman-Fried’s (New) Lawyer Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data