Andrew Peel has left his role as Morgan Stanley’s (MS) head of digital asset markets to launch a crypto investment and tech firm in Zug, Switzerland, Bloomberg reported Tuesday. The venture will focus on tokenized funds and trading tools bridging traditional finance and DeFi, according to Bloomberg. Peel, a former Credit Suisse trader who joined […]
Within a decade, bitcoin will replace U.S. dollar dominance and become the standard currency underpinning the international economy, according to billionaire venture capitalist Tim Draper. “10 years, something like that. It may be a little less,” Draper said in a wide-ranging Spotlight interview with CoinDesk. Draper reiterated his prediction that bitcoin will rise to $250,000 […]
In another addition to the old Wall Street maxim of “buy the rumor, sell the news,” bitcoin (BTC) has headed lower after the U.S. and China announced at least a temporary truce in their trade war. Bitcoin had been pumping higher since bottoming just under $75,000 in the days following President Trump’s early April Liberation […]
The last time ICON (ICX) was making headlines, it was at the height of the ICO bubble when it was competing with Tron and Filecoin to buy BitTorrent in a high-profile bidding war. ICON, once heralded as the “Korean Ethereum,” peaked early in 2018 but later struggled to retain relevance amid fierce competition and a […]
Anchorage Digital, a federally chartered crypto bank and custodian, said on Monday it has signed a definitive agreement to acquire stablecoin issuer Mountain Protocol as part of its strategy to deepen support for institutional stablecoin use. Anchorage said it plans to fold the Mountain’s technology, team and licensing structure into its own operations, pending closing […]
Leemon Baird first published his work on hashgraph consensus in 2016, positioning it as an alternative to traditional blockchain architectures. With a background in computer science and a career spanning both academia and industry, Baird co-founded Hedera to commercialize the technology. His academic trajectory is notable for his early work in neural networks and reinforcement […]
The crypto industry has been desperate for U.S. regulation as the last major piece in its global maturity puzzle, but sector veteran and compliance expert TuongVy Le, a former Securities and Exchange Commission lawyer, argues that what Congress and the regulators are working on isn’t just for today’s digital assets space but for the core […]
Decentralized finance (DeFi) on the Bitcoin blockchain may still be in its infancy relative to Ethereum, but Bitcoin DeFi (BTCFi) is becoming safer and cheaper, crypto analytics firm Messari said in a new report. A central participant is Rootstock, one of the oldest Bitcoin layer-2 projects, crypto analytics firm Messari said in its “State of […]
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. “A very good meeting today,” said Trump. “Many things discussed, much agreed to,” he […]
Lido Finance, Ethereum’s largest liquid staking platform by locked value, has introduced a proposal that grants staked ether (stETH) holders direct voting power alongside existing DAO tokenholders. The upgrade, dubbed Lido Improvement Proposal (LIP) 28, outlines a dual governance system allowing stETH holders — those who stake ETH via Lido and receive a liquid token […]
House Republicans unveiled a discussion draft of a market structure bill but all eyes this week were on the Senate, where a largely bipartisan effort to advance stablecoin legislation ran up against a wall. PS: I’ll be in Toronto next week for Consensus. In town? Come say hi. You’re reading State of Crypto, a CoinDesk […]
Coinbase (COIN) has its own strategy for BTC on the corporate balance sheet, but it’s not a bitcoin maximalist play like that of Michael Saylor’s Strategy (MSTR). On the company’s first quarter 2025 earnings call, CFO Alesia Haas revealed that Coinbase purchased $150 million in crypto, “predominantly bitcoin,” bringing its long-term investment portfolio to $1.3 […]