Tyler and Cameron Winklevoss said they’re spending $21 million to continue the crypto policy momentum led by Republican lawmakers, countering a wider industry effort that’s carefully supporting politicians from both major parties. The U.S. congressional midterm elections are approaching next year, and they promise an intense political clash that could leave President Donald Trump without […]
Cryptocurrencies and related stocks extended losses Tuesday as traders braced for the release of the Fed’s FOMC minutes on Wednesday and Fed Chair Jerome Powell’s Jackson Hole speech on Friday. Bitcoin dropped 3.2% in the past 24 hours to slip below $114,000, while ether fell 5.3% to under $4,200. XRP tumbled 6.2%, Cardano’s ADA slid […]
Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin (BTC) down to $113,000. Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22. Ethereum (ETH) treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi […]
The U.S. Federal Reserve’s newest vice chair who supervises Wall Street banking, Michelle Bowman, made a crypto speech on Tuesday that could have been uttered by one of the industry’s own policy wonks, advocating that banks get behind the digital assets surge and that the Fed give the sector rules that won’t get in crypto’s […]
Bitcoin (BTC) aside, the best investment in crypto is its “picks and shovels,” according to the CEO of $1.6 trillion asset manager Franklin Templeton. Jenny Johnson, the third-generation leader of the manager, spoke at the SALT conference in Jackson Hole, Wyoming on Tuesday, doubling down on what in her opinion will be the biggest use […]
SkyBridge Capital, Anthony Scaramucci’s investment management firm, plans to tokenize $300 million worth of its hedge funds on the Avalanche (AVAX) network. The firm is bringing its Digital Macro Master Fund and Legion Strategies on-chain in partnership with tokenization provider Tokeny and its parent, Apex Group, which manages more than $3.5 trillion in assets, according […]
KindlyMD (NAKA), the Nasdaq-listed firm that’s recently merged with bitcoin (BTC) treasury firm Nakamoto closed a $200 million convertible note offering late Friday. The convertible notes bear no interest in the first two year, then they carry a 6% annual rate starting in year three until maturity in 2028. The firm intends to use the […]
The Stellar Development Foundation (SDF), the organization supporting the Stellar (XLM) blockchain, invested in UK-based digital asset exchange and tokenization firm Archax as part of a broader partnership to boost tokenized real-world assets (RWAs), the firms said in a press release shared with CoinDesk. Archax has already started using Stellar, integrating the network into its […]
The U.S. Treasury Department is seeking new ideas for detecting and cutting off illicit crypto activity as it begins to put the new stablecoin law into effect. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act — the first major U.S. law to erect a regulatory system in the crypto space — called […]
Stablecoin issuer Circle (CRCL) has acquired Malachite, the consensus engine that is set to underpin payments-focused blockchain Arc, from software development firm Informal Systems, according to a Monday press release. The deal includes the underlying technology and intellectual property of Malachite, and nine persons from Informal Systems will join Circle, an Informal Systems spokespersons told […]
Stellar’s XLM token came under heavy institutional selling pressure between August 17 at 3:00 PM and August 18 at 2:00 PM, sliding from $0.43 to $0.41 in a 6% decline. Trading volumes during the 24-hour period topped $30 million, representing roughly 7% of daily turnover. The most notable liquidation event occurred between 1:00 AM and […]
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Leverage in crypto markets is surging back to bull-market levels, even […]