Traditional financial institutions are preparing to move billions of dollars of assets onto the chain, but the risk of hacks and exploitation is holding them back, according to Ronghui Gu, CEO of blockchain security firm CertiK. “Right now, more and more institutions are trying to move assets on-chain,” Gu told CoinDesk in an interview. “They […]
Why AI Hackers Are Blocking Big Banks From Blockchain Read More »
The crypto market is struggling, competitors are falling on hard times or pivoting to other areas, while Binance prepares to grow its active user base tenfold to 3 billion by 2030, Catherine Chen, head of VIP and institutions, told CoinDesk in an interview. “It’s true, the market is going through a tough time,” Chen said.
Binance targets 3 billion users by 2030 in a market it says is facing tough times Read More »
Hyperliquid (HYPE), a decentralized trading platform that started as a perpetual cryptocurrency futures exchange less than three years ago, is increasingly seen by Wall Street analysts as a broader financial infrastructure play that could challenge parts of traditional exchanges and derivatives markets. In a new report, Grayscale described Hyperliquid as a fast-growing blockchain-based platform that
Grayscale says Hyperliquid could become a ‘financial services juggernaut’ Read More »
Ripple Labs is reportedly leading an effort to raise at least $1 billion for a new public market vehicle that would accumulate XRP, according to Bloomberg, testing whether digital asset cash trading still works beyond bitcoin. The raise would be carried out through a special purpose acquisition company, according to the report cited by people
Ripple Reportedly Leading $1 Billion XRP Cash Raise Read More »
The S&P 500’s longest weekly winning streak since 2023 and Brent crude hovering near $92 on hopes for a U.S.-Iran ceasefire failed to take down bitcoin BTC$73,473.57 and ether (ETH) higher, with the two largest cryptocurrencies ending the week down nearly 3%, as cooling Bitcoin ETF inflows reinforced the pullback. The S&P 500 posted its
Bitcoin, Ether, XRP and Dogecoin lag nine-week stock market rally as ETF demand cools Read More »
Venture capitalist who spent a decade backing deep tech and quantum hardware startups says bitcoin BTC$73,470.49 the industry is obsessed with the bad half of the quantum problem, wallet keys instead of the encrypted messages that already flow between exchanges, bridges and custodians today. “The most dangerous vulnerability in the financial system lies not in
JPMorgan Chase CEO Jamie Dimon again sharply criticized Coinbase CEO Brian Armstrong on Friday and warned that the latest version of the Clarity Act could ultimately fail if lawmakers do not address traditional banks’ concerns over stablecoin regulation. In an interview with Maria Bartiromo on Fox Business, Dimon appeared frustrated with the direction of the
JP Morgan’s Dimon intensifies battle over stable rewards in CLARITY Act debate Read More »
Prediction Market Kalshi has filed a federal lawsuit against a Minnesota bill to criminalize operating, hosting or promoting such a platform in the state starting August 1. The filing follows a petition filed by the Commodity Futures Trading Commission (CFTC) on May 19, the day after Governor Tim Walz signed the law, arguing that the
Kalshi follows CFTC in suing Minnesota over its law criminalizing prediction markets Read More »
Jeffrey Sprecher, founder and CEO of Intercontinental Exchange (ICE), called decentralized perpetual futures platform Hyperliquid “bigger than NASDAQ” at a conference at Bernstein this week and revealed that his team had met with its founders several times, a sign that US incumbents no longer treat crypto-native trading platforms as fringe. “This hyperliquid thing we’re talking
ICE CEO Calls Hyperliquid Bigger Than NASDAQ, Says He Met Its Founders Read More »
This morning, the Commodity Futures Trading Commission (CFTC) took a historic step to allow the listing of a true Bitcoin perpetual contract by a CFTC-registered exchange. In doing so, the Commission has charted a path for one of the most liquid segments of the crypto asset market to exist within the U.S. regulatory framework. Having
What Perpetual US Crypto Assets Mean for the Future of Crypto Read More »
