SOL Strategies (HODL), the Toronto-listed digital asset firm focusing on Solana (SOL), said on Tuesday it has acquired over $18 million worth of SOL tokens, using proceeds from a newly secured financing deal. The company purchased 122,524 SOL for $18.25 million at an average price of $148.96 per token, according to a press release. The … Read more
VanEck has filed paperwork to sell shares in an exchange-traded fund (ETF) tracking crypto exchange Binance’s blockchain. The asset manager submitted an S-1 document with the Securities and Exchange Commission (SEC) on Monday for a BNB ETF, becoming the first prospective issuer to file for such a fund in the U.S. BNB is the native … Read more
BNB (BNB), the native token of Binance’s layer 1 smart contract platform BNB Chain, will likely offer steady returns and could reach $2,775 by the end of 2028, investment bank Standard Chartered (STAN) said in a research report Tuesday. “BNB has traded almost exactly in line with an unweighted basket of bitcoin and ether since … Read more
Crypto asset manager 21Shares has launched a new exchange-traded product (ETP) offering investors regulated exposure to the native token of Cronos, a Layer 1 network developed by Crypto.com, for Web3 applications. The 21Shares Cronos ETP, which trades under the ticker CRON, is listed on Euronext Paris and Euronext Amsterdam. It carries a 2.5% annual fee … 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 2654.32, down 2.2% (-60.12) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: BCH (-0.3%) and BTC (-0.8%). Laggards: SUI (-7.7%) and AAVE … Read more
Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a rough run, but could be a five-bagger, suggests Benchmark analyst Mark Palmer. Palmer on Tuesday initiated coverage of the ADRs with a buy rating and a $3 price target. The shares closed yesterday at $0.62, lower by 72% year-to-date. Canaan’s dual … Read more
DogeOS, an application development layer for the Dogecoin ecosystem, announced the successful closing of a $6.9 million funding round led by Polychain Capital. This capital infusion will fuel the expansion of DogeOS to allow developers to build a wide range of consumer apps — from gaming to artificial intelligence —while strengthening the dogecoin (DOGE) ecosystem. … Read more
Bitcoin (BTC) options market flows signal moderate risk aversion ahead of Federal Reserve (Fed) Chair Jerome Powell’s expected remarks on a potential June rate cut Wednesday. “While the Federal Reserve is widely expected to hold rates steady at this week’s meeting, we have only seen some nuanced demand for protective BTC puts, reflecting limited caution … Read more
By Omkar Godbole (All times ET unless indicated otherwise) As bitcoin (BTC) and the wider crypto market await the Fed’s rate decision on Wednesday, an anomaly has emerged that could weigh heavily on market mood: renewed doubt over the passing of U.S. crypto regulation. Early Tuesday, CoinDesk reported that Senate Democrats are hesitant to push … Read more
Banking giant Citi and SIX Digital Exchange (SDX), the digital assets-focused arm of Switzerland’s main stock exchange, are teaming up to tokenize non-publicly traded shares in a move to streamline a $75 billion market that’s littered with PDFs and paper documents. Citi will act as a custodian and issuer agent for tokenized versions of late … Read more
Decentralized finance (DeFi) firms IntoTheBlock and Trident Digital have merged to form Sentora, joining forces to bring institutional investors onchain. The new company, helmed by Anthony DeMartino, co-founder of Trident and former head of risk strategies at Coinbase (COIN), is also on track to close a $25 million founding round with New Form Capital leading … Read more
NATIX, a decentralized physical infrastructure network (DePIN) focused on mapping data on Solana, shared Tuesday that it is teaming up with taxi service Grab to provide more accurate mapping technologies. Grab, which is known for its taxi services in southeast Asia but also crowdsources mapping data for its technological mapping arm, will be using its … Read more
Florida has withdrawn two bills related to the creation of a state-level strategic bitcoin (BTC) reserve. House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration,” according to the state Senate website. The two bills, which were both filed in February, sought to allow investment of public funds in BTC. … Read more
Figment, a major player in blockchain staking services, is actively looking to buy companies in a spree of crypto industry consolidation sparked by renewed optimism over U.S. regulatory clarity. The Toronto-based firm is targeting acquisitions between $100 million and $200 million, with a strong regional presence or within blockchain ecosystems, such as Cosmos and Solana, … Read more
The recent bitcoin (BTC) price rally above $90,000 might have some holders eyeing a run to a new record topping the $109,000 hit in January. However, the path higher may not be so straightforward. The latest analysis by Glassnode shows potential for increased selling pressure from some groups of market participants at around $99,900. For … Read more
VIRTUAL, the native cryptocurrency of the Base-based Virtuals Protocol for creating and owning AI agents, has outperformed all major cryptocurrencies, including bitcoin (BTC), over the past four weeks. This rally is characterized by increased participation from the “smart money” wallets, according to on-chain data tracked by Nansen. VIRTUAL has rallied 207% to $1.66 in 30 … Read more
Cardano’s ADA and XRP led losses among majors on Tuesday as traders await the outcome of the upcoming Federal Reserve (FOMC) meeting, where rates are expected to stay unchanged but Fed chair Jerome Powell’s comments could provide cues on further market positioning. Bitcoin (BTC) prices held above $94,000 after briefly dipping below that level on … Read more
The debate over Bitcoin’s OP_RETURN heats up, as developers of Bitcoin Core – the most popular node software – said they plan to scrap OP_RETURN entirely in the next release. The OP_RETURN limit is an 80-byte cap on the amount of arbitrary data that can be embedded in a Bitcoin transaction using a special, unspendable … Read more
Payments firm Ripple has pledged $25 million to support educational initiatives in the U.S., with most of the disbursement in its RLUSD stablecoin. The funds will be distributed throughout 2025. Some $15 million is dedicated to teachers through DonorsChoose, and $10 million will go to Teach For America. The donation is in partnership with The … Read more
Ripple will sunset its quarterly XRP markets reports in its current form after Q2 2025, with newer versions including deeper insights as the token grabs more demand among institutional investors. The quarterly XRP Markets provides transparency into Ripple’s XRP holdings and updates on the state of the crypto markets and the XRP ecosystem. “However, the … Read more
The U.S. Securities and Exchange Commission (SEC) has further delayed making a decision on Canary Capital’s proposal for a spot Litecoin (LTC) exchange-traded fund (ETF). This comes after the agency delayed several other applications for spot crypto ETFs last week, including XRP, Hedera, and Dogecoin but hadn’t done so for the Canary Litecoin ETF, sparking … Read more
Senate Democrats are balking at advancing landmark stablecoin legislation due to President Donald Trump’s increasing personal benefits from his own crypto ties. Over the weekend, Sen. Ruben Gallego, a Democrat elected to represent Arizona with $10 million in backing from crypto super PAC Fairshake, warned with eight of his colleagues that they would not vote … Read more
The cryptocurrency market continues to reflect broader economic uncertainties as Shiba Inu (SHIB) faces significant downward pressure. Recent price action shows SHIB testing critical support at $0.0000127 after experiencing a 7.4% decline from recent highs, with volume spikes coinciding with major selloffs particularly during early May, according to CoinDesk Research’s technical analysis data model. Despite … Read more
The leading Democrat on the House Financial Services Committee, Rep. Maxine Waters, will block efforts to hold a joint hearing between her committee and the House Agriculture Committee on Monday’s newly unveiled market structure discussion draft bill. Under House rules, all participants in a joint hearing need to agree to proceed. Waters will object to … Read more
Warren Buffett, the billionaire investor who helped shape Berkshire Hathaway into a global investment powerhouse, is stepping down as CEO at year-end — but his distaste for bitcoin (BTC) will likely live on at the firm. Buffett, who will remain chairman of the board, has famously described bitcoin as “rat poison squared” and a “gambling … Read more
Lawyers for Samourai Wallet have accused the prosecution of suppressing critical evidence in its case against the mixing service’s co-founders, calling for a hearing to determine whether the case should now be tossed out in light of the alleged Brady violation. In a Monday court filing, lawyers for Samourai Wallet told Judge Richard Berman of … Read more
MSTR earnings came out May 1. My morning media stops last Thursday (here and here) asked for a preview. We don’t talk about stocks, so I planned to zoom out and hit themes. While preparing, I had to suppress the eye-roll reflexes that MSTR triggers. MSTR, of course, is the ticker symbol for MicroStrategy, or … Read more
Crypto’s big show in the U.S. Congress has been unveiled in the form of a discussion draft of legislation that would establish for the first time a comprehensive domestic regime for regulating digital assets. The House Financial Services Committee and House Agriculture Committee — both sharing responsibility for the jurisdiction-hoping assets — released a working … Read more
Corporate treasury buying of bitcoin (BTC) could reach $330 billion by the end of 2029, broker Bernstein said in a research report Monday. Strategy (MSTR) is likely to be the largest buyer, with an additional $124 billion of the world’s largest crypto, in the broker’s bull case. The company led by Michael Saylor announced a … Read more
A militia group in Burma that allegedly runs a large-scale haven for cyber scammers, the Karen National Army, has been blocked from the U.S. financial system by the Department of the Treasury. The U.S. authorities said Monday that the organization has provided a haven for transnational criminal organizations who use the border region controlled by … Read more