The Digital Assets Market Clarity Act, approved by the Senate Banking Committee on May 14, will set the rules of conduct for an industry that has grown faster than the laws meant to govern it. Almost everyone agrees that crypto regulation is overdue. But as the bill heads toward a vote in the Senate, it […]
Five corruption loopholes Congress must close under the Clarity Act Read More »
The UK’s financial regulator, the Financial Conduct Authority (FCA), has proposed allowing certain retail investment funds to hold up to 10% of their assets in cryptocurrency exchange-traded notes (ETNs). The financial regulator has suggested that UCITS (“Undertakings for Collective Investment in Transferable Securities”) and certain non-UCITS retail organizations (NURS) invest in crypto ETNs in its
UK FCA Moves to Allow Mutual Funds 10% Exposure to Crypto ETNs Read More »
Trad.Fi, which lends money to companies buying heavy equipment, said it is working with W3, a developer of AI agents for businesses, to deploy $650 million in private on-chain credit over the next 48 months. The program targets the heavily paper-based U.S. equipment distribution industry, focusing on manufacturing systems, industrial electrical infrastructure and residential solar
Trad.Fi and W3 target $650 million in on-chain private credit with AI assessment Read More »
Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move on-chain. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, according to a post on the Morpho blog. Morpho operates an open
A16z and Paradigm lead $175 million investment to move global on-chain lending markets Read More »
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1708.48, down 1.4% (-23.82) since 4 p.m. ET Monday. None of the 20 assets are trading higher. Leaders: ETH (-0.6%) and SUI (-0.6%). Lagging behind: UNI (-2.9%) and
AAVE falls 2.6% as all CoinDesk 20 components trade lower Read More »
Bitcoin BTC$63,271.85 According to Wall Street broker Bernstein, the recent weakness is due to a slowdown in capital flows rather than concerns about quantum computing or other risks. Growing fears that future quantum computers could eventually break the cryptography that underpins Bitcoin have become a recurring topic in crypto markets, particularly after recent Google research
Bernstein sees AI trading, not quantum fears, behind Bitcoin (BTC) weakness Read More »
The line between traditional finance (TradFi) and crypto is disappearing, with tokenization still a dominant narrative of the digital assets sector for several years. Edwin Mata, CEO and founder of tokenization platform Brickken, predicts that Wall Street will run entirely on blockchain technology by 2030. Mata told CoinDesk that tech industry buzzwords like “Web3” are
Wall Street will run entirely on blockchain by 2030, says Brickken CEO Read More »
Bitcoin BTC$63,271.85 made a relief bounce after dipping below $60,000 on Friday, but a bounce and a bullish recovery are two very different things. The latter depends on a few key price levels, according to analysts. “The market has become sufficiently oversold to allow for a strong rally, especially if inflation data softens and ETF
The recovery of Bitcoin BTC$63,271.85 remained stalled Tuesday even after Strategy (MSTR) bought more of the largest cryptocurrency following its late May selloff. Bitcoin was recently trading near $62,600, little change from Monday. This follows Sunday’s 4% rebound, which briefly took prices above $64,000 on some exchanges, including Coinbase. Strategy, the largest publicly traded Bitcoin
Strategy’s Bitcoin Purchase (MSTR) Fails to Move BTC Price: Crypto Markets Today Read More »
Wrapped version of Bitcoin by Circle Internet (CRCL) BTC$63,271.85cirBTC, is live on Ethereum as the company best known for its dollar-pegged stablecoin takes on Coinbase (COIN) for dominance in the synthetic BTC market. The New York-based company said it developed cirBTC, a token backed 1:1 by the world’s largest cryptocurrency, to allow traders to access
