Jackson Hole, Wy. — Bitcoin miners have long been defined by the boom-and-bust rhythm of the four-year halving cycle. But the game has now changed, according to some of the industry’s most prominent executives at the SALT conference in Jackson Hole earlier this week. The rise of exchange-traded funds, surging demand for power, and the […]
Fed Chair Jerome Powell’s speech on Friday at this year’s Jackson Hole Economic Policy Symposium balanced rising inflation risk against a fragile labor market, and the political calendar now raises the odds that his eventual successor will be less cautious on rates. Powell’s message was deliberately sober. He said the “effects of tariffs on consumer […]
Canadian fintech companies raised $1.62 billion in the first half of 2025, with digital assets and artificial intelligence (AI) startups taking the lion’s share of fresh funding, according to KPMG Canada’s Pulse of Fintech report. While fintech funding slowed globally, Canadian investors maintained steady support for ventures at the intersection of finance and emerging technology. […]
Eric Trump is deepening his role in digital assets with reported plans to attend a shareholder meeting in Tokyo, public predictions about bitcoin’s price, and new corporate ventures that extend the Trump family’s crypto push into Asia. Bloomberg reported Friday that Trump will join a Sept. 1 shareholder meeting of Metaplanet, a Japanese company following […]
XRP advanced sharply during the Aug. 22–23 session, testing multi-month resistance near $3.10 after weeks of sideways trading. The move coincided with dovish commentary from Federal Reserve Chair Jerome Powell at Jackson Hole, which reinforced expectations of a September rate cut and lifted risk sentiment across digital assets. On-chain settlement volumes on the XRP Ledger […]
AAVE surged nearly 19% to $355 over the past 24 hours, according to CoinDesk Data, leading the top 40 cryptocurrencies by percentage daily gain as investors responded to its recent Aptos expansion and Federal Reserve Chair Jerome Powell’s dovish remarks. What Aave is and why it matters Aave is a decentralized finance protocol that lets […]
State of Crypto: Crypto Takes Jackson Hole
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Policymakers of various stripes spoke at the SALT Wyoming conference this week in Jackson Hole, Wyoming. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Congress is still on vacation, but policymakers trekked up to Jackson Hole, Wyoming […]
Ethereum (ETH) hit a record price of $4,885 on Coinbase on Friday after a speech by Federal Reserve Chair Jerome Powell suggesting interest rate cuts left traders relieved going into the weekend. The token rose nearly 15% over the past 24 hours as part of a broader rally in financial markets. Nevertheless, ether’s rally stood […]
The head of the U.S. Internal Revenue Service’s digital assets unit, Trish Turner, is leaving her post for the private sector just as new tax policies are set to potentially bring in a wave of crypto work for the agency. As she departs, it’s unclear who will be running the office that’s been leading the […]
Asset manager VanEck has filed to launch a staked solana (SOL) exchange-traded fund (ETF), signaling continued interest in bringing blockchain-native yield-bearing assets to traditional investment rails. The application, submitted Friday as an S-1 registration with the U.S. Securities and Exchange Commission (SEC), is the first of two filings required to list the fund. If approved, […]
Oracle network Chainlink’s (LINK) native token sharply rebounded with the broader crypto market following Federal Reserve Chair Jerome Powell’s dovish remarks in Jackson Hole, Wyoming. LINK rallied 12% over the past 24 hours, hitting $27.8, its strongest price since December. Bitcoin (BTC) appreciated 3.5% during the same period, while the broad-market CoinDesk 20 index jumped […]
Crypto asset manager Bitwise is betting big on bitcoin’s (BTC) future, projecting that the next decade will mark a period of outsized growth for the world’s largest cryptocurrency. In a report published Thursday, Bitwise analysts predicted that bitcoin could become the best-performing institutional asset over the next 10 years, with its price climbing to $1.3 […]