crypto

Banks are focusing on pulling stablecoins and tokenized forms of more traditional financial instruments into one integrated package to meet growing institutional demand for multi-asset flexibility. Rather than waiting for a single winner to emerge, large asset managers and corporate treasuries are demanding a multi-instrument setup in which stablecoins, tokenized bank deposits and tokenized money…

Coinbase has launched a new product called Coinbase for Agents, a platform that allows artificial intelligence agents such as ChatGPT and Anthropic’s Claude to connect directly to users’ Coinbase accounts and carry out financial transactions on their behalf. The product, which went live on Wednesday, enables AI agents to trade cryptocurrencies, access market data, pay…

Crypto theft from criminal fraud and hacking would be the jurisdiction of a new U.S. cross-agency task force contemplated in a bipartisan bill introduced on 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 bill text reviewed…

In today’s newsletter, Joshua de Vos, from CoinDesk Research, analyzes May’s crypto outflows to explain what current market signals mean. Then, in “Ask an Expert,” Bryan Courchesne from DAiM addresses how investors can navigate the current market environment. Crypto ETFs: May Breakdown and What’s Next May ended two consecutive months of net inflows, with global…

Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain. The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas,…

The debate over Strategy’s (MSTR) recent dilutive transaction resurfaced, this time featuring Strategy Executive Chairman Michael Saylor and Strike and Twenty One Capital (XXI) CEO Jack Mallers, on Wednesday at BTC Prague, as the two weighed in on how investors should assess the company’s increasingly complex capital structure. Mallers asked Saylor how he defines multiple-to-net…

Elon Musk’s SpaceX sets the price of its Friday IPO on Nasdaq later today. While the company is currently valued at roughly $1.77 trillion, blockchain-based pre-IPO price discovery derivatives and prediction markets seem to think that’s too low. That gap is evident from three markets: Onchain perpetuals futures offered by Ventuals and trade.xyz, both running…

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

BlackRock is close to launching a bitcoin fund that pays an income. The world’s largest asset manager filed its fourth amendment for the iShares Bitcoin Premium Income ETF on Tuesday, according to its SEC filing. The fund will trade on Nasdaq under the ticker BITA. The income comes from options. The fund holds bitcoin and…

Bitcoin BTC$62,691.92 has lost buyers on two fronts. The exodus from spot ETFs as a catalyst for the recent bitcoin price swoon is well documented. Less discussed is the equally steep drop in buying by digital asset treasuries, or firms whose core business is accumulating bitcoin as a treasury asset. “As BTC broke down from…