State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for around-the-clock investor flows, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, will accept subscriptions and redemptions in PYUSD, a…
President Donald Trump’s drive against U.S. debanking of controversial industries, such as digital assets, has led to a new report from the Office of the Comptroller of the Currency that further confirms the past practice and warns of potential punishment for the banks allegedly involved. The OCC is directing banks to heed President Donald Trump’s…
A16z crypto, a venture capital fund of Andreessen Horowitz (a16z), said it is expanding into Asia, opening an office Seoul and hiring Sungmo Park to head operations in the region. South Korea is the world’s second-largest crypto market, the Andreessen Horowitz unit said in a blog post. The office will work with founders by building…
Stellar (XLM) edged higher over the past 24 hours, posting a 0.85% gain to $0.251 amid muted altcoin market activity. The token underperformed the broader digital asset index by 0.45%, indicating XLM-specific dynamics drove price action rather than sector-wide momentum. Trading volume jumped 19.36% above the weekly average, suggesting accumulation despite modest price appreciation. Price…
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Stripe-Backed Blockchain Tempo Starts Testnet; Kalshi, Mastercard, UBS Added as Partners ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On Blockstream Connects Lightning and Liquid for…
GameStop’s (GME) bitcoin stack was worth $519.4 million at the end of the third quarter (Nov. 1), with the company recording a $9.2 million loss digital asset holdings during the period. Bitcoin BTC$92,418.95 fell from roughly $115,000 to about $110,000 during the three months ended Nov. 1. The video game retailer likely continued to hold…
SpaceX is working toward a stock-market listing that could value the company at around $1.5 trillion, making it the biggest public market offering by that metric, according to Bloomberg. If that happens, investors won’t just be buying into rockets and satellites. They’ll also be buying into a company that holds thousands of bitcoin and has…
Helium, a decentralized wireless network built on Solana, is entering the Brazilian market through a joint venture with local WiFi provider Mambo WiFi, the companies said Wednesday. The partnership represents one of Helium’s most significant international expansions so far and could set the stage for carrier integrations in a country where reliable internet access remains…
By Omkar Godbole (All times ET unless indicated otherwise) Last week, CoinDesk flagged the potential for action in crypto cross pairs even as major tokens and the broader market looked lackluster against the dollar. Since then, the biggest cross by market value, ether ETH$3,313.93 priced in bitcoin BTC$92,095.34, has delivered, and today touched 0.036, the…
Strive (ASST), a publicly traded bitcoin BTC$92,384.72 treasury and asset-management company, said it arranged a $500 million at-the-market offering (ATM) for its Variable Rate Series A Perpetual Preferred Stock (SATA) to help fund further purchases of the largest cryptocurrency. SATA pays a 12% dividend with an effective yield near 13%, and the security is intentionally…
