ARK Invest made an immediate splash on the latest publicly listed digital asset treasury company, buying just under $162 million worth of shares in Brera Holdings (BREA). The Nasdaq-listed sports club owner rebranded as Solmate as part of plans to build a digital asset treasury based on Solana’s sol (SOL) token, raising $300 million from […]
News from Web3, Bitcoin and crypto crurrency launches and market updates
Online trading platform IG Group has acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for 109.6 million Australian dollars ($72.4 million). The deal, the company said, aims to strengthen IG’s position in Asia-Pacific’s fast-growing crypto markets and complements its recent crypto rollouts in the U.K. and U.S. Independent Reserve is one of Australia’s […]
After seven months of inactivity, Michigan’s Bitcoin Reserve Bill, HB 4087, made progress Thursday by advancing to the second reading in the state House of Representatives. The bill, introduced in February, aims to establish a strategic bitcoin (BTC) reserve by authorizing the state treasury to invest up to 10% of its reserves in the largest […]
Bitcoin (BTC) traders continue to eye downside volatility, hedging their bullish exposure despite recent positive signals, such as the Federal Reserve’s rate cut, crypto derivatives exchange Deribit’s CEO Luuk Strijers told CoinDesk. Earlier this week, the U.S. Fed cut interest rates by 25 basis points and signaled an additional 50 basis points of easing expected […]
Australia’s Securities and Investments Commission (ASIC) said it plans to exempt stablecoin intermediaries from the requirement to hold a financial services license. The financial watchdog said it granted class relief for parties engaging in the distribution of a stablecoin from an existing licensed issuer in an announcement on Thursday. The exemption means the intermediaries do […]
Spot bitcoin (BTC) ETFs saw their first daily outflows in over a week on Wednesday, shedding a net $51.28 million, as investors reacted to the Federal Reserve’s unexpectedly cautious outlook on future policy. The outflow broke a seven-day streak that had brought in nearly $3 billion. Assets under management remain above $150 billion, according to […]
Analysts told CoinDesk early this week that major cryptocurrencies led by bitcoin would resume their slow grind higher following Wednesday’s Fed rate cut. That’s exactly what has happened since the Fed cut rates by 25 basis points to 4% late Wednesday. The central bank also hinted rapid easing in the next 12 months. Bitcoin (BTC), […]
DBS, Franklin Templeton, and Ripple have signed a Memorandum of Understanding (MOU) to collaborate on offering trading and lending solutions that leverage tokenized money market funds on the XRP Ledger blockchain and Ripple’s stablecoin, Ripple USD (RLUSD). The MoU will see Franklin Templeton tokenize its money market fund, Franklin on-chain U.S. dollar short-term money market […]
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. Robinhood got all kinds of attention earlier this year when it […]
Crypto custody provider BitGo said it secured approval from Germany’s financial regulator, BaFin, to expand into regulated crypto trading. The license extension allows Frankfurt-based BitGo Europe to offer both over-the-counter trading and an electronic trading platform for thousands of digital assets and stablecoins, the firm said in a Wednesday press release. Earlier this year, BitGo […]
The U.K.’s Financial Conduct Authority (FCA) has plans to waive some of its rules for cryptocurrency companies, according to a Financial Times (FT) report on Wednesday. However, in another areas the FCA intends to tighten the rules where they pertain to industry-specific risks, such as cyber attacks. The financial watchdog wishes to adapt its existing […]
Crypto custodian Hex Trust has integrated custody and staking support for stETH, the liquid staking token issued by Lido that represents nearly a quarter of all staked ether. The move allows institutional clients to stake ETH and manage stETH directly from Hex Trust’s custody platform, combining staking rewards with secure, regulated infrastructure. Institutional investors often […]