Business

Wall Street is convinced by crypto’s upside potential, but not its technology

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Wall Street’s appetite for cryptocurrencies is stronger than ever. BlackRock’s Bitcoin ETF has broken inflow records. Fidelity and VanEck followed suit with new spot products. Even Nasdaq has hinted at expanding its digital asset trading infrastructure. Yet despite all this momentum, almost none of this actually happens on-chain. Institutions now treat crypto as a legitimate […]

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Bitcoin and Ether surge as Trump announces ‘at least’ $2,000 tariff dividend per American

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Cryptocurrency prices rose after US President Donald Trump said a direct tariff dividend of “at least” $2,000 would be paid to most Americans. In an article for Truth Social, Trump said the United States was generating “trillions of dollars” in tariffs and that those funds would both reduce the country’s $37 trillion national debt and

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Korean Investors Ditch Bitcoin in Favor of AI Chips as Stock Market Soars

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For years, South Korea has been the global heart of crypto speculation. It became the place where digital coins traded high and retail investors moved markets overnight. “Kimchi bounty” has become shorthand for a national obsession: unbridled, frenetic commercial activity unrivaled in any region of the world. But at the end of 2025, the situation

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Trump’s first year back causes ‘complete reversal’ of US crypto policy

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WASHINGTON, DC — Donald Trump was elected president again a year ago this week, although some crypto industry lobbyists quietly say they feel like they have aged many years during a tumultuous 12 months, which saw a series of high peaks and deep frustrations in the young sector’s quest for American politics. President Trump returned

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Sam Bankman-Fried appeals court hearing saw judges skeptical

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This week, the Second Circuit Court of Appeals heard arguments in Sam Bankman-Fried’s appeal of his criminal conviction. The panel of three judges was very skeptical of his lawyer’s arguments. 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

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