GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption

Stablecoin adoption among institutions could surge as the United States Senate prepares to debate a key piece of legislation aimed at regulating the sector. After failing to gain support from key Democrats on May 8, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the US Senate in a 66–32 procedural vote … Read more

CoinDesk 20 Performance Update: Uniswap (UNI) Gains 7.2% as Index Climbs Higher

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3206.01, up 1.3% (+41.12) since 4 p.m. ET on Tuesday. Nineteen of 20 assets are trading higher. Leaders: UNI (+7.2%) and AVAX (+3.5%).Laggards: AAVE (-1.6%) and BTC (+0.2%). The … Read more

Bitcoin Mining Startup Sangha Sees $42M Revenue as It Breaks Ground on West Texas Pilot Project

Sangha Renewables, a bitcoin BTC mining firm that aims to enable renewable energy companies to mine bitcoin, broke ground Wednesday on its flagship 19.9 megawatt (MW) solar facility in West Texas. “We have been extremely pleased with the development so far,” Spencer Marr, the firm’s president, told CoinDesk in a statement. “We made the decision … Read more

Crypto Hedge Fund Temple Capital Hires TradFi Execs as Institutional Demand Grows

Crypto hedge fund Temple Capital has expanded its senior management team with hires from Hilbert Capital, BlueCrest and Brevan Howard, the company said in a press release Wednesday. Guy Griffiths has joined as chief financial officer, the company said. He was previously employed by macro hedge fund Brevan Howard in London for 19 years. Richard … Read more

Guatemala’s Largest Bank Adopts Stablecoin Rails for U.S. Remittance Payments

Guatemala’s largest bank, Banco Industrial, has adopted blockchain firm SukuPay’s stablecoin rails for customers to send remittances from the U.S. SukuPay will allow Guatemalans to receive funds from the U.S. for a flat 99 cent fee using only a phone number within their Banco National mobile app Zigi, according to an emailed announcement on Wednesday. … Read more

Guatemala’s largest bank integrates blockchain for cross-border payments

Guatemala’s largest bank, Banco Industrial, has integrated crypto infrastructure provider SukuPay into its mobile banking app, allowing locals to more easily receive remittances powered by blockchain technology.  SukuPay’s infrastructure has been fully embedded inside the Zigi payment app, allowing Guatemalans to receive funds from the United States instantly for a $0.99 flat fee, the company … Read more

Oura rings will now track step counts more accurately

Following the debut of the Oura Ring 4 last October, which featured improved accuracy for blood oxygen tracking and heart rate readings, the company has announced it’s introducing additional algorithm improvements that will deliver more comprehensive and accurate movement tracking. First announced last month, the updates are now “rolling out to members globally” and include … Read more

TikTok users can now save songs directly to SoundCloud

TikTok users will now be able to save tracks they discover straight to their SoundCloud app. On Wednesday, the two companies announced they’re partnering to expand an existing TikTok feature that was previously available to users of music streaming platforms like Apple Music and Spotify. The “add to music app” button appears when a TikTok … Read more

Bitcoin Mining Profitability Fell in April as Network Hashrate Rose: Jefferies

Bitcoin BTC mining profitability fell in April as the network hashrate rose, investment bank Jefferies said in a research report Tuesday. “BTC mining profitability decreased by 6.6% in April, driven by a 6.7% increase in the network hashrate,” analysts Jonathan Petersen and Jan Aygul wrote. The hashrate refers to the total combined computational power used … Read more

XRP-BTC Pair Flashes First Golden Cross, Hinting at Major Bull Run for XRP

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The ratio between payments-focused cryptocurrency XRP and bitcoin’s (BTC) dollar-denominated prices has triggered its first golden cross on the weekly chart, indicating a bullish shift in momentum. A golden cross occurs when the 50-day/week/month simple moving average (SMA) crosses above … Read more

Personal context is Google’s big advantage in AI

Google’s AI models have a secret ingredient that’s giving the company a leg up on competitors like OpenAI and Anthropic. That ingredient is your data, and it’s only just scratched the surface in terms of how it can use your information to “personalize” Gemini’s responses. Google first started letting users opt in to its “Gemini … Read more