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 2117.36, down 1.9% (-40.48) since 4 p.m. ET on Wednesday. All 20 assets are trading lower. Leaders: XLM (-0.6%) and CRO (-0.9%). Laggards: UNI (-3.9%) and ETH (-2.9%). The…
Token falls 2.5% after rejection near $1.44 as leveraged ETF launch pushback adds to mixed sentiment. Source link
Crypto exchanges are increasingly offering bank-like services such as lending and yield products, but without the protection traditional financial institutions provide, according to a report issued Thursday by the Bank for International Settlements (BIS). “What looks like a high-yield savings product is, in reality, an unsecured loan to a lightly regulated shadow bank,” said the…
The U.S. Department of Justice arrested a Master Sergeant with the Army on allegations he placed wagers on the raid of Nicolas Maduro ahead of participating in the operation to detain former Venezuelan leader. The DOJ unsealed an indictment Thursday charging Gannon Ken Van Dyke with the unlawful use of confidential government information for personal…
Aave and several major crypto firms are coordinating a recovery effort to stabilize decentralized finance (DeFi) markets after a $292 million exploit left the sector’s largest lender grappling with a large hole in collateral backing. The initiative, dubbed “DeFi United” and led by Aave service providers, is aimed at restoring the backing of rsETH, a…
Persistent security vulnerabilities and stagnant total value locked (TVL) are weighing on decentralized finance’s (DeFi) institutional appeal, according to Wall Street investment bank JPMorgan (JPM). TVL refers to the total value of crypto assets deposited in DeFi protocols, and is commonly used as a gauge of the size, usage and overall health of the ecosystem….
The Arbitrum Security Council moved swiftly this week to contain the fallout from the KelpDAO exploit, touting the emergency “freeze” of more than 30,000 ETH linked to the attacker as a win for user protection. But beneath the language of containment, the intervention has reopened one of crypto’s oldest and most uncomfortable debates: What decentralization…
Until last Friday, April 17, lending stablecoins into Aave, widely considered the gold standard of DeFi, paid 2.32% APY. The Federal Reserve’s overnight rate was 3.64%. Taken at face value, the market was pricing an unregulated, open-source smart contract as a lower credit risk than the United States Treasury. In 48 hours, that ended. The…
Tether, the crypto company best known for issuing the world’s largest stablecoin, said Thursday it has frozen $344 million worth of USDT tokens across two wallets on the Tron blockchain after receiving requests from U.S. authorities. The freeze was carried out after authorities flagged the addresses for alleged links to illicit activity, the company said…
In today’s newsletter, Vincent Chok from First Digital unpacks the rise of “agentic finance,” where AI agents are moving beyond advice to execute financial transactions, making crypto the essential financial backend for this machine-driven economy. Then, in “Ask an Expert,” we posed two questions to three leading AI systems — Grok, Gemini, and Claude —…
