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 […]
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
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
Anthropic, OpenAI tokens plunge as AI companies say pre-IPO share transfers are invalid Read More »
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
Crypto security company Ledger is suspending IPO plans amid volatile crypto markets. Read More »
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
Animoca-backed NUVA brings Figure’s $19 billion in tokenized assets to Ethereum Read More »
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
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
Joe Lubin’s Consensys postponed its possible IPO until the fall Read More »
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
Network News LIVE “ALPENGLOW” UPGRADES FOR TESTING ON SOLANA: Solana developer Anza said Alpenglow, the network’s largest consensus overhaul to date, is live on a community test cluster, marking a major step toward a potential mainnet rollout. The update means that validation operators can now test software designed to transition Solana from its current consensus
Solana’s ‘Alpenglow’ Upgrade Live for Testing Read More »
As the United States works to replenish its supply of missiles and munitions after deploying large numbers of them in the war against Iran, its defense contractors will need a supply of rare earth minerals and magnets essential to making these weapons. But China dominates global production of these minerals and has implemented strict controls
Why the bombing of Iran tied the United States more closely to China Read More »
