Nasdaq-listed exchange Coinbase announced a major market move on Monday: the launch of direct rails for the Indian Rupee (INR). Starting June 1, 2026, Indian customers of the exchange can deposit and withdraw rupees directly from their bank accounts through the Immediate Payment Service (IMPS), a measure designed to eliminate the need for intermediaries and […]
A $1.26 billion block sale of BlackRock’s iShares Bitcoin Trust (IBIT) this week may have been driven by a large investor seeking a quick exit from bitcoin exposure rather than the unwinding of a common hedge fund trading strategy. This is according to an analysis published by crypto investment firm NYDIG. The transaction took place
Last month, Rep. French Hill, who chairs the House Financial Services Committee, told CoinDesk that he expected the Clarity Act to ensure bipartisan consensus, that tokenization was the next major item on the agenda, and that crypto would continue to receive bipartisan support. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection
How the House Financial Services Committee is Approaching Tokenization: State of Crypto Read More »
DTCC’s decision to connect its upcoming tokenized securities platform to the Stellar (XLM) network is the latest step in a relationship that dates back nearly a decade, according to Denelle Dixon, CEO of the Stellar Development Foundation. Earlier this week, DTCC said tokenized assets held through its Depository Trust Company could become available on Stellar
How Stellar (XLM) Became Part of DTCC’s Plan to Bring Securities Online Read More »
Retail investing platforms have spent several years racing to become “all-purpose apps” for finance, stacking stocks, crypto, banking and payments in an effort to keep users in a single ecosystem. But for Moomoo, the next battle isn’t about who offers the most assets. It’s about who offers retail investors the same level of intelligence and
moomoo targets Wall Street-quality crypto tools for retail investors Read More »
Bitcoin BTC$73,859.45 Brand volatility has for years been considered both its greatest characteristic and its greatest flaw. Recently, this roller coaster has calmed down and turned into something resembling a smooth ride, with volatility plummeting to around 35 from a 2021 high of 120. While critics see this slowdown as a sign that the asset
A new all-electric plane has completed a test flight in New York. Our transport reporter Niraj Chokshi breaks down what you need to know.
Is this the future of air travel? Read More »
The two biggest DeFi exploits of the last two months have one thing in common. They used a tool that does not exist on the XRP Ledger. Thorchain lost approximately $10.8 million on May 15 due to a cross-chain attack that drained funds from Bitcoin, Ethereum, BSC, and Base. Drift Protocol, a decentralized perpetual exchange
XRP Ledger design blocks flash loan attacks costing DeFi hundreds of millions Read More »
The U.S. Securities and Exchange Commission (SEC) has sued Nathan Fuller, a Texas resident, alleging that he raised approximately $12.3 million from approximately 150 investors through a crypto investment scheme built around false claims about AI-powered trading robots, guaranteed returns and insurance protections. According to a complaint filed in the U.S. District Court for the
The United States has seized about $1 billion in cryptocurrency linked to Iran, Treasury Secretary Scott Bessent said, describing the action as part of a broader campaign to cut off funding channels used by Tehran. Speaking in an interview on Fox Business, Bessent said US authorities had “seized the wallets” and seized the Iran-linked cryptocurrency.
