The banking lobby is wrong about stablecoins and community banks
Congress is debating whether stablecoins will hollow out community banking. The banking lobby says yes. The data says otherwise.
Crypto
CoinDesk 20 performance update: Aave (AAVE) gains 5.9% as index moves higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
Bitcoin falls to $60,000 as AI trade continues to draw investor interest and capital
Also continuing to lose ground on Wednesday were gold and oil, each falling below key levels — gold $4,000 per ounce and oil $70 per barrel.
Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart
Standard Chartered's Geoff Kendrick has initiated coverage of decentralized lending protocol Aave
Crypto Long & Short: Infrastructure is the prevailing currency in digital assets
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Ex-FCA policy insider explains the ‘great divide’ in the UK’s crypto ambition
Isadora Arredondo has a unique outlook on crypto regulation in the United Kingdom. Before joining Hedera as vice president of global policy, she worked at the U.K.’s Financial Conduct Authority (FCA), where she was invo…
Trump's refusal to sign housing bill could delay Congress and imperil Clarity Act
U.S. President Donald Trump has refused to sign a law that includes a four-year ban on central bank digital currencies, which was part of Congress' housing affordability bill, until he gets unrelated legislation passed …
SecondFi loses $2.4 million in Cardano wallet exploit
SecondFi, the Cardano wallet formerly known as Yoroi, says it has patched a major exploit that drained roughly 16 million ADA, worth approximately $2.4 million, from 374 user wallets across three separate attacks.
CryptoQuant says Michael Saylor's Strategy should halt its bitcoin buying
The strain showing up in the company's STRC preferred stock is a sign the firm has overextended itself, it added. STRC, Strategy's flagship preferred stock, fell to about $82.50 last week, a record 17.5% below the $100 …
CZ, Binance founder, wants to clear up 'misunderstandings' about who he is
Binance founder Changpeng "CZ" Zhao is one of the most famous CEOs in crypto history. But he doesn't want to run the global exchange he largely owns. He doesn't want to run its U.S. arm he mostly owns. He doesn't want t…
YZi Labs ends proxy war with BNB treasury company CEA Industries
BNB treasury company CEA Industries (BNC) is undergoing a boardroom shakeup following a cooperation agreement with Binance-linked backer YZi Labs.
Bitcoin clings to $62,500 as bears tighten grip on crypto market
Derivatives positioning is broadly bearish: Even though SOL futures open interest hit a lifetime high, funding rates and CVD are both negative and ETH open interest rose as prices fell.
This forgotten coin could surprise everyone before its next halving
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Trump lands in Senate's crosshairs over $500 million UAE investment in his crypto venture
Senate Democrats called for immediate hearings into UAE officials' huge investments in President Donald Trump's family crypto venture, World Liberty Financial, and subsequent decisions by the Trump administration that s…
Bitcoin’s ‘OG’ investors have slowed selling in a bullish sign for the market
These "OGs", the legendary investors who have held their coins for at least five years, have hit a significant lull in their selling activity. The 90-day moving average of coins spent by these long-term holders has drop…
Live markets: Bitcoin could drop to $59,000 in the short-term as liquidity dries up
Bitcoin's (BTC) price chart is flashing a bearish signal amid risk-off cues from currency markets.
Crypto PAC's $5.5 million Congress pick gets Maryland win, more crypto allies advance
The leading crypto political action committee, Fairshake, often backs its favored hopefuls for the U.S. House of Representatives with ad campaigns in the hundreds of thousands of dollars, but it devoted Senate-level mon…
AI chipmaker Cerebras down 11% after first public earnings report
In its first earnings report since its May IPO, Cerebras Systems (CBRS) is lower by 11% in after-hours trading after guiding to lower profit margins next quarter.
Crypto critic Roubini joins tokenization boom with onchain 'Technodollar'
Nouriel Roubini, the economist known as "Dr. Doom" for predicting the 2008 financial crisis and who later became one of crypto's most vocal critics, is making his first move into blockchain-based finance.
BNY sees 'FOMO' driving asset managers into tokenized funds
As tokenization moves from industry experiment to commercial product, asset managers are rushing to establish a foothold in the market.
Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
Meta (META), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar with the matter who spoke with the New York Times.
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
The Ethereum Foundation (EF) will slash its budget by roughly 40% this year as part of a shift toward a leaner, endowment-style operating model, Ethereum co-founder Vitalik Buterin said in a blog post published Tuesday.
The SEC delayed tokenizing stocks, and here’s why that’s a relief
After two decades building systems that evolved from reactive to cognitive – first at VMware with mobile device security, now in compliance infrastructure for digital asset markets – I've seen that following the rules i…
Ethereum Foundation cuts 20% of staff amid leadership exodus
The Ethereum Foundation is cutting roughly 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior leadership turnover and growing fragmentation across the wider …