Current Federal Reserve Chairman Jerome Powell will continue to serve on the central bank’s board as governor after his term ends in May. Speaking at a news conference following the central bank’s decision to keep interest rates steady between 3.5% and 3.75% on Wednesday, Powell expressed concerns about the legal action against the central bank, […]
Oliver Harris, a former Goldman Sachs crypto head who returned to the world of TradFi as JPMorgan’s new blockchain chief, once said he believed tokenization alone would not solve one of finance’s main challenges, warning that putting assets on the blockchain rails did not automatically make them easier to trade. “Tokenization is not the same
JPMorgan’s new blockchain chief warns that tokenization does not equal liquidity Read More »
The latest wait model for the bill to fully insert the crypto sector into the US financial system centered on Senator Thom Tillis’ request for bankers to be given more time to negotiate the Digital Asset Market Clarity Act’s approach to the controversial topic of stablecoin rewards. Maybe it’s over. Tillis told reporters Wednesday that
A US senator, who speaks on the next Clarity Act decision, says he is ready to be heard Read More »
Crypto-related stocks are slumping on Wednesday, with stock markets taking the hardest hit after Robinhood’s revenue shortfall and escalating tensions between Iran and the United States. Robinhood (HOOD), a crypto-friendly digital brokerage, plunged nearly 14% after reporting a nearly 47% drop in first-quarter crypto-related revenue late Tuesday. The weakness spread across the sector as investors
The American supply which fueled the April increase is fading. Bitcoin BTC$75,815.99 Coinbase Premium, the difference between the price on Coinbase (COIN) – which primarily caters to US customers – and on offshore exchanges, turned negative this week for the first time since early April, according to data from CryptoQuant. The metric was consistently positive
What’s next as Bitcoin (BTC) Coinbase Premium turns negative after 3 weeks Read More »
Visa (V) is expanding its stablecoin campaign by adding support for five additional blockchains, while building on a multi-chain approach to global payments. The payments giant said Wednesday that its stable settlement pilot now spans nine networks and has reached an annualized run rate of $7 billion, up 50% from the previous quarter. The program
Visa (V) Expands Stable Settlement Network as Volume Hits $7 Billion Read More »
Roundhill Investments is set to launch the first US exchange-traded funds (ETFs) linked to prediction markets next week, while two other asset managers prepare similar products. According to a filing with the U.S. Securities and Exchange Commission (SEC), Roundhill will list six funds tied to Democratic or Republican control of the White House, Senate and
Wall Street Launches First-Ever U.S. Election Prediction Market ETFs Read More »
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2093.01, up 0.7% (+15.25) since 4 p.m. ET Tuesday. Fourteen out of twenty assets are trading upwards. Leaders: LTC (+2.4%) and APT (+1.7%). Lagging behind: AAVE (-1.1%) and
Litecoin (LTC) gains 2.4%, leading index on the rise Read More »
Decentralized finance (DeFi) has been “bent, not broken” after a $292 million exploit on April 18 revealed systemic risks, according to investment bank Standard Chartered. The attack on KelpDAO spread to AAVE, the largest DeFi lender, after stolen tokens were used as collateral to borrow other assets. The episode triggered a sharp liquidity crisis, with
A $20 million funding round led by Mike Novogratz’s Galaxy Digital (GLXY) supports the drive to use blockchain behind the scenes to restructure the $6 trillion asset-backed financial market, where many transactions still rely on manual workflows. The round, which included Parafi Capital and Crane Ventures, was awarded to Fence, a startup software for managing
Startup Fence aims for backend of $6 trillion credit market Read More »
