Business – Page 149 – PK Press Club

TRUMP token down 5% as namesake handset begins shipping next week

The TRUMP token, the official memecoin of US President Donald Trump, is down 5%, according to market data from CoinDesk, as Trump Mobile announced that the long-awaited T1 handset is expected to begin deliveries next week. As CoinDesk previously reported, neither the Trump Mobile project nor the president’s memecoin have gone particularly well. Handset ship […]

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With a friend in Trump, the tobacco industry scores a lucrative victory

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At a luncheon at his golf club in Jupiter, Florida, on the first Saturday in May, President Trump received criticism from a group of tobacco executives and lobbyists unhappy with how the Food and Drug Administration was regulating their industry. Finally, Mr. Trump has heard enough. He interrupted the conversation to call Dr. Marty Makary,

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EToro (ETOR) reiterates its commitment to crypto despite the drop in activity in the first quarter of 2026

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EToro (ETOR) doubled down on its crypto commitment even as digital asset activity weakened in the first quarter and April. Crypto asset revenue fell 38% from the previous quarter to $2.15 billion, the company said in its first-quarter earnings report released Tuesday. Net trading income from crypto derivatives fell 57% to $33.4 million, while overall

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Tokenized Treasuries Hit $15 Billion as BTC Price Stagnates and Concerns Over Fed Rate Hikes Rise: Crypto Daily

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This is an excerpt from the CoinDesk “Daybook” newsletter. Register here, if you haven’t already. While Bitcoin BTC$79,426.82 remains stuck above $80,000, another interest-rate-sensitive segment of the crypto market is booming and could suck capital from other coins. The total value locked in tokenized Treasuries jumped to $15.35 billion, surpassing the mid-April peak of around

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Anthropic, OpenAI tokens plunge as AI companies say pre-IPO share transfers are invalid

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Solana-based tokens, marketed as a way to gain exposure to Anthropic and OpenAI before going public, got a reality check this week. Both companies said the transfer of private shares to special purpose vehicles (SPVs) that back the tokens is invalid as such a move requires approval from the company’s board of directors. The chips

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Crypto security company Ledger is suspending IPO plans amid volatile crypto markets.

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Crypto wallet provider Ledger has suspended plans for a U.S. IPO due to difficult market conditions, according to two people with knowledge of the matter. Ledger has not filed any proposed S-1 registration statement with the Securities and Exchange Commission (SEC), one of the people said. A confidential filing is typically the first formal step

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Animoca-backed NUVA brings Figure’s $19 billion in tokenized assets to Ethereum

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As Wall Street firms race to bring stocks, bonds and credit products onto the blockchain rails, a new Ethereum-based marketplace backed by Animoca Brands aims to turn tokenized assets into something crypto investors can use as part of decentralized finance (DeFi). NUVA, developed by Animoca and Nuva Labs, connects approximately $19 billion in real-world tokenized

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Clarity Act amendments would renew key elements of crypto bill, but have questionable future

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This week’s U.S. Senate Banking Committee hearing to consider changes to the Digital Asset Market Clarity Act has dozens of amendments up for consideration, although it’s likely that almost all of them will not survive the process for Thursday’s event. Lawmakers have floated a series of proposed changes to the Market Structure Bill in the

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Joe Lubin’s Consensys postponed its possible IPO until the fall

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Consensys, the Ethereum development company led by Joe Lubin, has pushed back its potential U.S. IPO until the fall at the earliest due to poor market conditions, according to two people familiar with the matter. Wallet builder MetaMask reportedly hired bankers from JPMorgan and Goldman Sachs last year to lead the process. Consensys aimed to

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British Parliament to investigate Nigel Farage’s $6.8 million donation to crypto billionaire

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Reform UK leader and Member of Parliament Nigel Farage is under formal investigation by the parliamentary standards watchdog after failing to declare a £5 million ($6.8 million) gift from crypto-billionaire Christopher Harborne, news services including the Guardian reported on Wednesday. Farage received the donation from Harborne, a Thailand-based businessman who owns a 12% stake in

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