Newly disclosed Justice Department documents reveal that Coinbase co-founder Fred Ehrsam was involved in emails regarding a $3 million investment from Jeffrey Epstein in 2014, well after Epstein’s initial conviction. While Epstein’s stake was less than 1% and he held no governance role, records show Ehrsam expressed interest in a meeting during the funding round. […]
Welcome to our institutional newsletter, Crypto Long & Short. This week: Lukas Enzersdorfer-Konrad explains how EU regulatory clarity could allow tokenized markets to grow Andy Baehr tells BNB to ‘dress up’ The headlines institutions should pay attention to by Francisco Rodrigues “Bitcoin declines narrow as markets mature” in chart of the week -Alexandra Lévis Expert
Europe’s role in the next wave of tokenization Read More »
Bitcoin is increasingly behaving like a software stock, with its latest correction taking place alongside the broader sale of software. The relationship between Bitcoin and software stocks has strengthened significantly. On a rolling 30-day basis, bitcoin’s correlation with the iShares Expanded Tech Software ETF (IGV) stands at a high of 0.73, according to ByteTree. IGV
BTC might just be another software name, and that’s bad news Read More »
Indian crypto investors scratch their speculative itch and are buying bitcoin’s dip BTC$76,073.52 prices like seasoned pros, Mumbai-based exchange CoinDCX told CoinDesk. “Indian investors are maturing. They are no longer driven by sentiment or headlines alone; instead, they are focused on the fundamentals and long-term potential of the asset class,” Sumit Gupta, CEO of CoinDCX,
Indian investors have matured and are buying BTC rather than speculative tokens 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 2201.13, down 1.9% (-43.33) since 4 p.m. ET Tuesday. One of the 20 assets is trading higher. Leaders: CRO (+1.4%) and HBAR (-0.4%). Lagging behind: SOL (-5.3%) and
Solana (SOL) Falls 5.3% as Nearly All Assets Decline Read More »
With the cryptocurrency winter clearly setting in, bulls must now look for signs that the downtrend has become so entrenched that a bottom could be forming. A good example might be a note from Canaccord’s Joseph Vafi published on Wednesday, reducing his price target on the strategy (MSTR) by a whopping 61%, from $474 to
Canaccord Cuts Price Target as Stock Falls to Multi-Year Low Read More »
ProShares has unveiled the first U.S.-listed exchange-traded fund (ETF) designed to target the performance of the CoinDesk 20 Index, expanding options for investors seeking broad exposure to crypto markets. The CoinDesk 20 Crypto ETF (KRYP) is the first benchmark-linked ETF of 20 of the largest and most liquid digital assets, ProShares said in an email
ProShares Introduces First CoinDesk 20 Crypto ETF Under Ticker KRYP Read More »
Blockchain-based market prediction platform Opinion said it raised $20 million in the pre-Series A round, highlighting that certain aspects of the crypto economy can still attract significant funding even when broader markets are depressed. The round included support from Hack VC, Jump Crypto, Primitive Ventures, Decasonic and others, according to an emailed announcement Wednesday. Opinion
Opinion Raises $20M as Prediction Markets Attract Capital in Weak Crypto Market Read More »
Ark Invest hunted for bargains for a second straight day on Tuesday, acquiring shares of cryptocurrency companies worth $19 million. The St. Petersburg, Fla.-based investment manager purchased $2.41 million worth of Circle (CRCL) shares and added $3.46 million and $631,000 worth of Bullish (BLSH) and Coinbase (COIN) shares, respectively, according to an emailed disclosure. Bullish
ARK Invest Goes On $19M Buying Frenzy As Crypto Stocks Heal Losses Read More »
The crypto market is experiencing a rare period of calm following Tuesday’s massive sell-off that swept away bitcoin. BTC$76,015.23 and ether ETH$2,253.90 to new multi-year lows. BTC was recently trading at $76,100 after rebounding from $72,870, the lowest since November 2024, while ETH is at $2,255 after falling to a level not seen since May
