JPMorgan Chase CEO Jamie Dimon said banks want stablecoin issuers that pay interest on customer balances to face the same rules as traditional lenders, sharpening an ongoing debate over U.S. crypto legislation. In an interview with CNBC on Tuesday, Dimon addressed reported tensions with Coinbase CEO Brian Armstrong, who pulled support for the proposed CLARITY…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1924.9, down 3.3% (-66.23) since 4 p.m. ET on Monday. One of the 20 assets are trading higher. Leaders: NEAR (+1.3%) and CRO (-1.6%). Laggards: AAVE (-10.0%) and ADA…
A federal judge has dismissed a proposed class action lawsuit against Uniswap Labs, CEO Hayden Adams and several venture capital backers, ruling they cannot be held liable for alleged “rug pull” tokens traded on the decentralized exchange’s protocol. In a ruling issued Monday by the U.S. District Court for the Southern District of New York,…
Bitcoin traded near $68,000 on Tuesday as U.S. spot ETFs pulled in $458 million, according to data curated by SoSoValue, marking one of the quarter’s strongest inflow days despite the ongoing conflict with Iran. The inflows suggest institutional investors are treating bitcoin’s recent volatility stemming from the war as contained rather than systemic. Singapore-based trading…
The Senate Committee on Banking, Housing and Urban Development included a provision temporarily barring the Federal Reserve from issuing a central bank digital currency in its bipartisan bill to boost housing in the U.S. The “21st Century ROAD to Housing Act,” introduced Monday by Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, respectively the…
After dipping over the weekend as the U.S. began strikes against Iran, bitcoin BTC$69,180.48 shot higher on Monday, at one point nearing $70,000 before pulling back to the current $69,000. While any rally in bitcoin is welcome by the bulls, today’s move comes after a relentless months-long slide that has halved the price and weighed…
By Omkar Godbole (All times ET unless indicated otherwise) The conflict between U.S., Israel and Iran remains the day’s biggest story as the attacks intensify and spread. Markets reacted as they typically do: by de-risking and sending oil prices higher. Bitcoin BTC$66,024.52 dropped to $66,300, down 0.5% over 24 hours, having hit a high of…
Hong Kong is doubling down on its role as China’s financial bridge, signing a new agreement with Shanghai authorities to build cross-border blockchain rails for cargo trade and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Technology Innovation Center for Blockchain, announced Monday afternoon…
Hyperliquid’s HYPE token outperformed bitcoin BTC$66,826.12 and the broader market as traders flocked to the decentralized exchange over the weekend, placing bullish bets on TradFi-linked futures amid escalating Middle East tensions. HYPE has climbed more up to 5% in the past 24 hours, as exploding platform activity led to higher token burn rate, countering fears…
The mood around digital assets has shifted again among the world’s largest allocators, according to Ron Biscardi, CEO of iConnections, which runs one of the largest capital introduction conferences globally. Biscardi, who has spent more than 25 years in the alternative investment industry and runs a platform that represents over $55 trillion in assets, has…
