Quantum computing poses a real threat to crypto, and slow-moving governance processes risk leaving blockchains vulnerable, according to Colton Dillion, a co-founder of Quip Network, which provides quantum-proof vaults for storing digital assets. While the technology, which uses the quantum states of subatomic particles to perform calculations instead of transistors and binary code, is still … Read more
Shares of stock and crypto trading platform eToro (ETOR) have debuted at $52 a share after the company hit the Nasdaq exchange on Tuesday evening. The company raised about $310 million from investors as it sold 6 million shares at a price of $52 a piece. The listing values the company at $4.2 billion. The … Read more
Cantor Equity Partners (CEP) disclosed a $458.7 million bitcoin BTC acquisition as part of a pending merger with Twenty One Capital, the BTC-focused investment vehicle backed by Tether, Bitfinex, and SoftBank, according to a regulatory filing on Tuesday. The transaction is structured through a complex business combination involving Tether Investments, the El Salvador affiliate of … Read more
Bitcoin BTC climbed back above $104,000 on Tuesday with welcome fresh inflation data, President Trump’s bullish outlook on financial markets, and Coinbase’s inclusion into the S&P 500 among catalysts for the advance. April’s Consumer Price Index (CPI) came in cooler than anticipated, which may allay pressure on the Federal Reserve anxious about inflation due to … Read more
DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial. The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDAO, registered a $31 million profit. The reason for … Read more
EToro could set pricing on its initial public offering (IPO) at a much higher level than the marketed range, people familiar with the matter told Bloomberg. The company planned to offer 10 million shares for $46 to $50 each, based on a previous filing, but received significantly more demand than shares available, according to the … Read more
The Gibraltar government said it plans to establish the world’s first rules for the clearing and settlement of crypto derivatives, creating a regulatory framework to improve market integrity and reduce key risks. Working with the Gibraltar Financial Services Commission (GFSC) and crypto exchange Bullish (whose owner, Bullish Group, is also the parent of CoinDesk), the … Read more
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 … Read more
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 … Read more
The Wyoming Stable Token Commission has partnered with analytics provider Inca Digital to help the Commission monitor and mitigate fraud risks and keep the Wyoming Stable Token (WYST) secure as it nears its launch date, it said in a statement on Monday. Inca will deliver advanced analytics, cross-market oversight and help the Commission detect any … Read more
Crypto exchange Coinbase (COIN) is soaring 16% early Tuesday after the Monday evening announcement of its inclusion into the S&P 500. COIN will be added to the S&P 500 index after the close on Friday, replacing Discover Financial Services (DFS) which is being acquired by Capital One (COF). Wall Street brokerage Bernstein estimates the move … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Imagine a basketball player executing a convincing fake jump shot and holding just before his feet leave the ground. The defender, anticipating a quick shot, jumps prematurely, only to create an opening for the offensive player to drive to the … Read more
When real-world assets (RWAs) finally became the crypto industry’s narrative du jour, Sunny Lu, the founder and CEO of VeChain, could only smile. “I mean, we were doing this back in 2017,” Lu told CoinDesk in an interview ahead of Consensus 2025 in Toronto. “Back then, no one cared about RWAs.” Back then—eons in crypto … Read more
It all started in 2019, when a relatively small software company called MicroStrategy (now known as Strategy) knocked on investment bank Jefferies’ door after being turned away by Wall Street giants. At the time, Michael Saylor’s firm had a market cap of nearly $2 billion and was looking to raise capital to buy bitcoin—something bulge … Read more
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 3258.85, up 1.8% (+58.26) since 4 p.m. ET on Monday. Twelve of 20 assets are trading higher. Leaders: ETH (+2.6%) and XRP (+2.0%). Laggards: BCH (-1.2%) and HBAR (-1.2%). … Read more
Asset manager VanEck launched its first tokenized fund, joining a roster of institutions entering the race to bring assets on-chain with tokenziation. The VanEck Treasury Fund (VBILL), developed with tokenization specialist Securitize, offers on-chain access to short-term U.S. Treasury debt and is available on the Avalanche AVAX, BNB Chain BNB, Ethereum ETH and Solana SOL … Read more
GFO-X has debuted its Financial Conduct Authority (FCA)-regulated crypto derivatives platform, the U.K’s first such trading venue for digital assets. The new platform executed its first trade on Tuesday between financial institutions Virtu Financial and IMC, and was cleared by DigitalAssetClear, GFO-X announced on Tuesday. DigitalAssetClear, created by London Stock Exchange Group (LSEG) subsidiary LCH, … Read more
Inflation eased a bit more in April with the year-over-year headline Consumer Price Index rate falling to its slowest pace in more than four years. The April CPI rose 0.2%, according to the Bureau of Labor Statistics. That’s less than economist forecasts for 0.3%, though up from -0.1% in March. On a year-over-year basis, CPI … Read more
Dubai agreed to allow cryptocurrency payments for government services in a deal with crypto exchange Crypto.com, taking a step toward implementing its plan for a cashless society. Once technical details are complete, the agreement will allow individuals and businesses to pay fees using digital wallets from Crypto.com, which is licensed by the emirate’s Virtual Assets … Read more
Robinhood Markets (HOOD), the California-based financial services company, said Tuesday it agreed to buy Canadian crypto firm WonderFi (WNDR) for $178.98 million. The all-cash acquisition values WonderFi at 36 Canadian cents per share, a 41% premium over its closing price prior to the announcement. “WonderFi has built a formidable family of brands serving beginner and … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Crypto bulls are taking a breather, leaving bitcoin BTC in stasis near $103,000 ahead of the U.S. April inflation data, due at 8:30 a.m. With U.S.-China trade tensions easing, markets are, for now, optimistic about a softer-than-expected inflation print, potentially stirring up calls for Fed interest-rate … Read more
Brave Wallet, the crypto wallet integrated into the privacy-focused Brave web browser, will soon support the Cardano blockchain, allowing users to send, receive and swap ADA ADA and Cardano-native assets directly. The move comes as Brave deepens its multichain functionality beyond existing support for networks like Ethereum and Solana, according to a release from Input … Read more
Animoca Brands, a Web3 investment company, is planning a public listing in New York, seeking to capture the “unique moment” offered by the Trump administration’s approach to digital asset regulation, executive chairman Yat Siu told the Financial Times. An announcement on plans to list could be made soon, Yat Siu said in an interview, according … Read more
Donald Trump Jr. has denied viral rumors by crypto influencers that Truth Social — the conservative social media platform tied to former President Donald Trump — is launching a memecoin. Infamous influencer Ran Neuner pushed claims and a viral post on an upcoming Truth Social token, saying it was from the same team as the … Read more
Solana token issuance platform Pump.fun is rolling out a new revenue-sharing model that lets coin creators earn a cut of trading fees — a move aimed at rewiring developer incentives and supporting longer-term community building. Pump said late Monday that 50% of PumpSwap revenue will now be shared directly with creators, earning 5 basis points … Read more
Bitcoin’s (BTC) $2 trillion market cap has attracted a wave of new buyers to the market, while seasoned traders turn cautious, according to analysis of on-chain data by Glassnode. BTC’s price topped $100,000 last Thursday, lifting its market capitalization above $2 trillion for the first time since Jan. 31, according to data source TradingView. Since … Read more
A sharp pullback in crypto markets late Monday triggered over $500 million in long liquidations, erasing earlier gains as bitcoin (BTC) slipped from weekend highs and traders reacted to de-escalating U.S.-China trade tensions. Coinglass data shows more than $530 million worth of long positions were liquidated in the past 24 hours — with nearly $200 … Read more
How is crypto changing the face of finance? What’s next for stablecoins, tokenization, and Web 3 marketing? How will digital assets be regulated in the future? These are just some of the questions up for debate as Consensus 2025 kicks off in Toronto this Wednesday. Staged this year at the Metro Toronto Convention Center, crypto’s … Read more
Crypto exchange Coinbase (COIN) surged over 8% on Monday after market closing on news that the stock will be included in the broad-market S&P 500 stock index. The company would replace Discover Financial starting on May 19, according to an S&P press release. Discover Financial is being acquired by Capital One. The S&P 500 tracks … Read more
Education tech firm Classover Holdings (KIDZ) said in early May that it would sell $400 million worth of shares to buy solana. Its stock exploded higher. Shares of the thinly traded company, then with a market cap well shy of $50 million soared from $1.15 to more than $7 in just two sessions before settling … Read more