CoinDesk

Mainstream conversations around digital assets largely focus on the dramatic price performance of bitcoin and ether. For years, retail and institutional investors have targeted beta exposure, or returns that mirror the broader crypto market. However, the introduction of products like bitcoin exchange-traded funds (ETFs) and exchange-traded products (ETPs) have made achieving beta more accessible, with … Read more

Imagine your investments working around the clock, scanning global markets for the best opportunities — all without you having to lift a finger. Sound futuristic? It’s already a reality. In traditional finance (TradFi), algorithms handle nearly 70% of U.S. stock trades. Now, artificial intelligence (AI) agents are stepping up. These aren’t just basic bots but … Read more

Coinbase (COIN) filed a brief in the U.S. Supreme Court case involving an Internal Revenue Service request for data on hundreds of thousands of its customers back in 2016, arguing the court should “protect Americans’ privacy interests in digital information stored by third-party service providers.” The U.S. tax agency — in an action during the … Read more

Eric Trump, son of U.S. President Donald Trump and executive vice president of the Trump Organization, said banks will need to utilize blockchain technology if they want to survive the next decade. “The modern financial system is broken, it’s slow, it’s expensive,” he said in an interview with CNBC on Wednesday. “There’s nothing that can … Read more

The Crypto Council for Innovation is making a case with the U.S. Securities and Exchange Commission that staking is not only a virtue for digital asset markets, but it should be hands-off for the securities regulator. The group — a coalition of staking interests, including Kraken, a16z, Lido, Galaxy, Figment, Polychain and Paradigm — argued … Read more

What one hour ago was looking like another positive day in markets has turned decidedly negative as the latest economic data fueled growing stagflation fears. First up was ADP jobs numbers for April. Coming two days ahead of the government’s own employment data for April, the ADP report showed just 62,000 private sector jobs created … Read more

Strategists for two U.S. bills meant to create an oversight regime for crypto are setting out plans this week to pass legislation in the summer, Bo Hines, the White House official at the center of those efforts, told CoinDesk. Hines, who President Donald Trump hired as executive director of the Presidential Council of Advisers for … 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 2733.26, down 2.0% (-57.08) since 4 p.m. ET on Tuesday. One of 20 assets is trading higher. Leaders: POL (+0.2%) and BTC (-0.6%). Laggards: AAVE (-4.7%) and XRP (-4.0%). … Read more

DUBAI, UAE — Tokenization firm Securitize and decentralized finance (DeFi) specialist Gauntlet are planning to bring a tokenized version of Apollo’s credit fund to DeFi, a notable step in embedding real-world assets into the crypto ecosystem. The two firms are unveiling Wednesday a leveraged-yield strategy offering centered on the Apollo Diversified Credit Securitize Fund (ACRED), … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Cryptocurrencies fell slightly in the past 24 hours, with the broad market CoinDesk 20 (CD20) index dropping 1.4%. Bitcoin (BTC) is little changed around $95,000. These figures are well within recently volatility ranges and come on the back of a strong monthly performance — BTC is … Read more

The Nasdaq exchange filed a 19b-4 form with the Securities and Exchange Commission (SEC) on Tuesday to approve listing and trading shares of the 21Shares Dogecoin ETF. Asset manager 21Shares submitted an S-1 registration with the SEC on April 10, as reported, in partnership with the House of Doge — the Dogecoin Foundation’s corporate arm … Read more

A financial deal was supposed to help launch the MOVE token.Instead, it led to a token-dumping scandal, a Binance ban, and behind-the-scenes infighting. Contracts obtained by CoinDesk help explain where it all went wrong. Movement, the blockchain project behind the MOVE cryptocurrency, is investigating whether it was deceived into signing a financial agreement that granted … Read more

Digital assets exchange KuCoin has unveiled a new initiative, the “Trust Project,” with a massive $2 billion investment aimed at reinforcing user safety, boosting transparency, and ensuring long-term accountability in the crypto market. The announcement came during TOKEN2049 Dubai, where KuCoin CEO BC Wong, alongside the exchange’s European Union CEO Oliver Stauber, detailed the initiative’s … Read more

Bitcoin developers are again at odds over how the world’s oldest and largest blockchain should handle storing information on-chain, with a proposal to relax long-standing limits on the size of data held sparking fierce debate reminiscent of 2023’s battles over Ordinals. The blockchain’s OP_RETURN feature allows people attach a small piece of extra data to … Read more

Bitcoin (BTC), the world’s largest digital asset by market value, recently held steady as President Donald Trump’s trade war spurred a shift away from U.S. assets. The so-called decoupling reinforced the belief of crypto advocates that BTC is as a safe haven and a low-beta play relative to equities. BlackRock’s Head of Digital Assets, Robert … Read more

BlackRock is preparing to bring blockchain to the back office of one of its largest funds, filing to offer a digital share class of its $150 billion Treasury Trust money market fund through BNY Mellon. The new “DLT Shares,” short for distributed ledger technology, won’t hold crypto. But BNY Mellon, the fund’s exclusive distributor, intends … Read more

Libre, a tokenization firm that works closely with the likes of hedge fund Brevan Howard, investment management firm Hamilton Lane and Nomura’s digital assets unit Laser Digital, plans to tokenize $500 million worth of Telegram debt as the blockchain-based Telegram Bond Fund (TBF) on the TON network that’s linked to the messaging platform. TBF will … Read more

The U.S. Securities and Exchange Commission (SEC) delayed approval decisions on spot xrp (XRP) and dogecoin (DOGE) exchange-traded funds (ETFs) late Tuesday, in line with analyst expectations. The SEC said it will wait until June 15 for the next steps for the Bitwise DOGE ETF and June 17 for the Franklin XRP Fund, separate filings … Read more

Two recent shepherds of U.S. crypto oversight — Republican former lawmaker Patrick McHenry and Democrat former Commodity Futures Trading Commission chief Rostin Behnam — shared a view that there’s a tremendous amount of work still to do on U.S. crypto legislation but that now is the moment to do it. McHenry, in a discussion hosted … Read more

Truth Social, the social media platform owned by Trump Media & Technology Group (DJT), which is majority-owned by U.S. President Donald Trump, is considering launching a cryptocurrency. “As part of our rewards program, we’re exploring the introduction of a utility token with a Truth digital wallet that can initially be used to pay for Truth+ … Read more

The crypto market experienced another relatively calm day on Tuesday despite widespread pessimism about the impact of the Trump administration’s tariffs on the economy. Bitcoin (BTC) is up 1% in the last 24 hours, trading at almost $95,400 and within sight of topping $96,000 for the first time since the second half of February. The … Read more

SoFi has plans to bring back crypto services for its clients after suspending those operations in 2023 so as not to impede its effort to become a regulated bank. “We’re going to re-enter the crypto business, which we had to exit,” SoFi CEO Anthony Noto said in an interview with CNBC. “We’ll re-enter the business … Read more

Tornado Cash is officially safe from U.S. sanctions, following a district court ruling on Monday. The Treasury Department’s Office of Foreign Asset Control (OFAC) removed Tornado Cash from its sanctions list in March, several months after an appeals court ruled that the agency had “overstepped its Congressionally-defined authority” by sanctioning the crypto mixing service’s smart … Read more

New York prosecutors are seemingly considering whether or not to drop their case against Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill, according to a Monday court filing. In a joint letter to District Judge Richard Berman of the Southern District of New York (SDNY), both prosecutors and lawyers for Rodriguez and Hill requested … Read more

When Dean Skurka joined Bitbuy in 2018, the platform had only four employees, a few thousand users, and about $25 million in trading volume. Fast-forward to today, Skurka now oversees WonderFi: A company that’s consolidated multiple Canadian exchanges, boasts 1.7 million accounts, and guards $2 billion in client assets. But Skurka isn’t just sitting on … Read more

Arizona has broken new ground in what’s been a race among U.S. states to see which may become first to set up a crypto reserve as a formal part of their fiscal strategy, getting legislation approved with mostly Republican lawmakers in support. It’s unclear whether Governor Katie Hobbs, a Democrat, will look favorably on the … Read more

Base, the popular layer-2 network from cryptocurrency exchange Coinbase (COIN), is now a “stage 1” rollup, said the company, setting up its path towards full decentralization. The transition to a “stage 1” rollup comes as other layer-2s have also reached that milestone, making these networks less reliant on centralized entities. The move means that Base … Read more

Robinhood’s (HOOD) record crypto trading revenue from the last quarter of 2024 may prove hard to repeat, according to JPMorgan analyst Kenneth Worthington, who forecast a drop in digital asset volumes for the first quarter of this year. The online trading platform reports first quarter results after the U.S. market close on Wednesday. The fourth … Read more

The U.K. government released its consultation papers on draft legislation for the crypto sector. “This will see the creation of new regulated activities such as operating a cryptoasset trading exchange and stablecoin issuance, as well as market abuse and admissions and disclosures regimes,” the Governments website said on Tuesday. The country launched a consultation on … Read more

There’s something that stands out about Monday’s suspicious transfer of more than 3,520 BTC ($330.7 million) to privacy coin monero (XMR), a conversion that blockchain sleuth ZachXBT said was probably linked to a hack: coordinated activity in the derivatives market. Monero, which obscures the sender’s and recipient’s addresses to provide an untraceable currency, has limited … Read more