CoinDesk

El Salvador’s Comisión Nacional de Activos Digitales (CNAD), the agency in charge of regulating digital assets in the Central American nation, is seeking to establish a cross-border regulatory sandbox with the U.S. Securities and Exchange Commission (SEC). “We want to create international collaboration,” Juan Carlos Reyes, president of the CNAD, told CoinDesk in an interview. … Read more

U.S. Senator Dave McCormick, the former chief executive of massive hedge fund Bridgewater Associates, is putting his own cash into bitcoin (BTC) as the committee he’s on is at the tip of the spear for a legislative effort to regulate the digital assets industry. McCormick has made repeated recent investments in the Bitwise Bitcoin ETF … Read more

Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald. For some, the SoftBank Group—which has $308.7 billion assets under management—taking an interest in bitcoin is a welcome development and another sign of mounting institutional … Read more

Michael Saylor’s bitcoin buying strategy had both believers and skeptics. But a new rival just emerged, already holding nearly $4 billion BTC on its balance sheet—and it’s a bullish sign, according to at least one Wall Street analyst. When SoftBank, Tether, and Cantor Fitzgerald unveiled plans to launch a new bitcoin investment company called Twenty … Read more

Crypto exchange Coinbase (COIN) said it will introduce free conversions between PayPal’s dollar-pegged stablecoin, PYUSD, and the U.S. currency in a move aimed at accelerating the shift toward on-chain payments. The move, open to both retail and institutional customers, is part of a partnership aimed at promoting PYUSD as a payment currency. Coinbase also plans … Read more

Shaquille O’Neal has reached a settlement agreement with a group of FTX investors who accused him of enabling the failed crypto exchange’s fraud by acting as a celebrity promoter, according to a court filing. Details of the settlement agreement, including the amount O’Neal will pay, have not yet been disclosed. Plaintiffs in the case are … Read more

Both the U.S. Senate and House are considering bills creating a regulatory framework for stablecoins, and all of the usual crypto-skeptic refrains have been sung, including the hymn that crypto is for crime. For instance, Senator Elizabeth Warren (D-MA) warned that the Senate’s GENIUS Act “will supercharge the financing of terrorism.” During debate on the … Read more

In today’s crypto for advisors, Dovile Silenskyte from WisdomTree talks about the growth of crypto products and how they’ve evolved into a strategic investment allocation. Then, Kim Klemballa from CoinDesk Indices answers questions about digital asset benchmarks and trends in Ask an Expert. – Sarah Morton Unknown block type “divider”, specify a component for it … Read more

TON Foundation, the entity behind the Telegram-linked TON blockchain, has appointed Maximilian Crown, co-founder of MoonPay, as its CEO. Crown was the CFO and COO at the crypto infrastructure provider and has relationships with banks, payments companies, and regulatory bodies. He will remain on the board at MoonPay. The move comes one month after the … Read more

With Canada’s federal election less than one week away, Canadians are closely watching how political leaders intend to address digital assets. Millions of Canadians hold, use, or work in crypto, making it a growing focal point for economic growth and innovation. This politically prominent and growing community is shaping conversations about the future of finance, … Read more

CME Group is rolling out XRP futures on May 19th as it continues to expand its suite of cryptocurrency products, the world’s largest derivatives exchange, said in a press release. Pending regulatory approval, traders will be able to trade two contract sizes: 2,500 XRP and 50,000 XRP. The contracts will be cash-settled and based on … Read more

Tether, the issuer of the world’s largest stablecoin, has raised its stake in the Juventus Football Club to over 10% after expanding its stake in the Italian giant earlier this month. This latest move gives Tether Investments S.A. de C.V., the firm’s investment arm, 6.18% of voting rights. That cements Tether as a significant shareholder … Read more

At a time when countless crypto projects are awkwardly pivoting toward artificial intelligence, Eric Winer has spent over a decade building bridges between cutting-edge technology and everyday users. Now, as CTO of NEAR AI, he’s pursuing a vision where AI agents negotiate, communicate, and transact on our behalf — a vision that could fundamentally reshape … 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 2687.87, down 1.3% (-36.46) since 4 p.m. ET on Wednesday. Two of 20 assets are trading higher. Leaders: POL (+9.1%) and SUI (+1.9%). Laggards: UNI (-3.8%) and BCH (-3.0%). … Read more

Crypto trading infrastructure startup, Theo, has raised a $20 million round co-led by Hack VC and Anthos Capital. Other participants included crypto-native firms and individual investors affiliated with traditional trading companies such as Citadel, Jane Street, and JPMorgan. Theo is developing a system that allows retail users to deposit digital assets into strategy-specific vaults, according … Read more

Polygon has launched the Agglayer Breakout Program to support projects building on the Agglayer and Polygon proof-of-stake (PoS) ecosystems in a boost for POL token stakers. The program combines incubation and community-focused funding to help founders develop and launch projects, with successful “graduates” airdropping 5%-15% of their native token supply to POL stakers and integrating … Read more

Digital bank Revolut’s profits surpassed 1 billion pounds ($1.33 billion) in 2024, thanks in part to a big jump in revenue from cryptocurrency trading. The London-based fintech group’s wealth revenue increased 298% from 127,139 pounds to just over 500 million pounds in the full year 2024. Revolut’s wealth business includes cryptocurrency, commodities, trading, and savings … Read more

Shares of Cantor Equity Partners (CEP) surged 55% on Tuesday and are up an additional 15% in pre-market trading, trading below $19. The skyward movement was driven by investor optimism around its proposed merger with Twenty One Capital a bitcoin (BTC) native investment vehicle backed by Tether, Bitfinex, and SoftBank. Led by Strike CEO Jack … Read more

Zora’s much-hyped ZORA token launch was meant to be a celebration — a “fun” moment for its community, and a supposed triumph for the tokenization of content creators everywhere, with strong demand expected for the Coinbase Ventures-backed token. Instead, it has turned into a familiar post-airdrop slog so far: A quick pop in price, followed … Read more

Americans reported a record $9.3 billion in losses to cryptocurrency-related crimes in 2024, according to a report by the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3). The losses represent a 66% jump from 2023 and highlight the growing use of digital assets in online fraud schemes. The annual IC3 report says nearly … Read more

Hit TV series Peaky Blinders, which reached an estimated audience of 80 million through platforms like Netflix, is set to be adapted into a blockchain-based video game and wider Web3 ecosystem, the companies behind the effort announced on Thursday. It is being developed by Anonymous Labs, a Web3 venture builder that previously launched the Simon’s … Read more

Binance, the world’s largest cryptocurrency exchange, is offering digital asset managers special accounts that allow pooling of their investors’ assets to make crypto fund management operations feel more like a traditional finance experience. The omnibus “Fund Accounts” introduce a universal net asset value (NAV) per unit concept used by buyside firms to provide a clear … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin’s (BTC) status as a haven in the context of broader financial markets may be up for debate, but within crypto it’s hardly questionable. Cryptocurrency prices have fallen across the board over the last 24 hours, yet bets on BTC’s dominance keep growing. The market’s sell-off … Read more

Celyn Armstrong, general counsel and head of compliance at crypto market maker Portofino Technologies, is the latest senior member of staff to leave the firm. He follows Mark Blackborough, the company’s former chief financial officer, who also recently left the business. “We’re grateful to Celyn for his pivotal role in building Portofino’s regulatory and compliance … Read more

Russia’s finance ministry and central bank are set to unveil a crypto exchange for “highly-qualified” investors, news agency Interfax reported on Wednesday. The exchange will “legalize crypto assets and bring crypto operations out of the shadows,” Finance Minister Anton Siluanov said during a ministry board meeting, according to the report. “Naturally, this will not happen … Read more

KiloEX, the decentralized exchange (DEX) hit by a $7 million attack earlier this month, has revealed its resolution plans for affected users. Users whose positions remained open during the platform suspension will be compensated for the difference on increased losses or decreased profits, KiloEX said on Thursday. Compensation will only be calculated up to the … Read more

ZKsync said $5 million worth of tokens stolen during an admin wallet hack last week have been returned and the case is now considered resolved. The layer-2 blockchain protocol saw a hacker compromise its admin wallet, leading to the theft of unclaimed tokens from the ZKsync airdrop. In a post on X, the project said … Read more

Would you offer insurance when expecting low odds of a claim being made? Most likely, you would, while pocketing the premium without a second thought. Bitcoin (BTC) traders are doing something similar in the Deribit-listed BTC options market, hinting at bullish price expectations. Recently, an increasing number of traders have been selling (writing) BTC put … Read more

For every 1 bitcoin (BTC) sold by short-term holders, long-term holders (LTHs) have accumulated 1.38 BTC in a clear sign of their commitment as the largest cryptocurrency continues to recover. Since bottoming out in January, LTHs have amassed 635,340 BTC, bringing their total holdings to 13,755,722 BTC, according to Glassnode data. Defined as those who … Read more