Crypto watchers are speculating that video game retailer GameStop (GME) could be the latest company to abandon its bitcoin. BTC$89,319.29 cash after moving all of its coins to Coinbase this week. Blockchain analytics firm CryptoQuant spotted Friday that a wallet called GameStop had transferred all of its reserves — some 4,710 BTC, worth about $420 […]
GameStop’s $420M Bitcoin (BTC) Move Sparks Selloff Speculation Read More »
During his trip to Davos for the World Economic Forum, Coinbase CEO Brian Armstrong said a senior executive from one of the world’s 10 largest banks told him that crypto was now their “number one priority” – and that they considered it “existential.” Armstrong’s post, shared on X, highlighted a shift in how traditional financial
Coinbase CEO Says Big Banks Now View Crypto as an “Existential” Threat to Their Business Read More »
It’s no secret that Bitcoin BTC$89,306.64 is currently failing in its many rhetoric, including the claim that it can serve as a hedge against inflation or a safe haven asset amid uncertainty. While gold has soared more than 80% during this period of high inflation, geopolitical skirmishes and interest rate uncertainty, bitcoin has fallen 14%
BTC bulls reflect on price weakness as gold climbs near $5,000 Read More »
Agora, a startup founded by entrepreneur and VanEck heir Nick van Eck, is positioning itself for a stable market that goes beyond crypto-native trading. While decentralized finance (DeFi) remains a key growth driver – Agora’s total value locked (TVL) increased 60% in the last month since DeFi launches, he said – its attention is turning
Agora’s Nick van Eck bets on stablecoin boom in corporate payments Read More »
After selling off a significant portion of its cryptocurrency stash over the past few months, Ethereum-focused treasury firm ETHZilla has now added jet engines to its balance sheet. A filing with the U.S. Securities and Exchange Commission (SEC) on Friday shows the company purchased two CFM56-7B24 aircraft engines for $12.2 million through a newly formed
Spacecoin, a decentralized physical infrastructure network (DePIN), has launched its SPACE token, marking a key milestone in the company’s plan to create a decentralized satellite internet network, just days after partnering with Trump family-linked decentralized finance project World Liberty Finance. The token is now available on centralized exchanges including Binance, Kraken and OKX, as well
Nifty Gateway, the non-fungible token (NFT) exchange that was once at the heart of 2021’s digital art boom, will shut down on February 23, 2026. Effective immediately, the platform has gone into withdrawal-only mode, giving users one month to move any NFTs or funds still on the site, according to a company announcement. The website
There will come a time when this newsletter will no longer be about crypto market structure legislation. But now is not the time. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency and government. Click here to subscribe to future editions. The story The Senate Agriculture Committee released its new
Days of Our Market Structure Bills: State of Crypto Read More »
Strategy (MSTR) launched its first non-US perpetual preferred product, Stream (STRE), in November, aiming to tap demand in the European Economic Area (EEA). However, it didn’t turn out the way Michael Saylor’s company had planned. The preferred stock was issued with a declared value of EUR100 ($115) per share, pays an annual dividend of 10%
After more than a decade building infrastructure for stock exchanges, financial institutions, and central banks, R3 has seen the market begin to move in a new direction. About a year ago, the company launched a strategic reset, asking a simple but fundamental question: What is the best way for customers to move their assets entirely
R3 bets on Solana to bring institutional yield to the chain Read More »
