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US bill would create cryptocurrency theft task force within law enforcement

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Cryptocurrency theft resulting from criminal fraud and hacking would fall under the purview of a new U.S. interagency task force envisioned in a bipartisan bill introduced Thursday, backed by well-placed lawmakers in the U.S. House of Representatives. The federal cryptocurrency theft task force would be led by the U.S. Attorney General, according to the text […]

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May outage and what’s next

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In today’s newsletter, CoinDesk Research’s Joshua de Vos analyzes May’s crypto outflows to explain the meaning of current market signals. Next, in “Ask an Expert,” DAiM’s Bryan Courchesne explains how investors can navigate the current market environment. Crypto ETF: May outage and what’s next May ended two straight months of net inflows as global crypto

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SpaceX stock arrives in Solana on the same day it is listed on Nasdaq

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SpaceX (SPCX) shares will begin trading on Solana the same day the company is expected to list on Nasdaq, according to Sunrise, a tokenization infrastructure provider, and Backpack Securities, a regulated crypto brokerage and trading platform, which are launching a tokenized version of the stock called SPCX. The token, issued by Backpack, represents ownership of

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Citi opens new path to private markets with tokenized stock offering

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Citigroup is launching a new way for wealthy and institutional investors to acquire stakes in private companies using blockchain technology as part of a broader initiative by big banks to integrate traditional financial assets onto digital asset networks. The bank on Thursday unveiled what it called Digital Depositary Receipts, a product that allows investors to

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Here’s why Bitcoin ETF outflows may have little to do with SpaceX mania

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Bitcoin BTC$62,770.63 Exchange-traded funds (ETFs) have suffered outflows of nearly $5.75 billion since mid-May, fueling speculation that institutional investors are cashing out on crypto to prepare for SpaceX’s highly anticipated IPO. Selling pressure pushed bitcoin to a 2026 low below $60,000 during the first week of June, more than 50% below its all-time high of

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Michael Saylor says Mnav is just one indicator as dilution strategy debate continues

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The debate over Strategy’s (MSTR) recent dilutive transaction resurfaced, this time with Michael Saylor, executive chairman of Strategy, and Jack Mallers, CEO of Strike and Twenty One Capital (XXI), on Wednesday at BTC Prague, as the two weighed in on how investors should evaluate the company’s increasingly complex capital structure. Mallers asked Saylor how he

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As SpaceX IPO Approaches, Polymarket and Ventuals Assign $2 Trillion Valuation: Crypto Daily

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Elon Musk’s SpaceX is pricing its Friday IPO on Nasdaq later today. While the company is currently valued at around $1.77 trillion, blockchain-based price discovery and pre-IPO price prediction markets seem to think that’s too low. This gap is evident in three markets: Onchain perpetual futures offered by Ventuals and trade.xyz, both operating on Hyperliquide,

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BTC Price Rises and Stays Above Moving Average Signal That ETH and SOL Cannot Penetrate

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Bitcoin BTC$62,858.71 rose on Thursday, and its share of the total crypto market, its dominance rate, rose alongside a meteoric rise in a lesser-known cryptocurrency. The price of BTC increased by 2.4% in 24 hours to recently trade around $62,800. The CoinDesk 20 Index (CD20) added 2.3% to 1,690 and the CoinDesk Memecoin Index (CDMEME)

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Philippine central bank complicates Binance’s return to the country

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Binance is trying to enter the Philippine market through a local partner. Regulators are making it clear that this won’t be simple. The country’s central bank said that neither the world’s largest crypto exchange nor its local partner, BlockShoals Technologies Inc., hold the necessary license to operate as a virtual asset service provider (VASP) in

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