Crypto asset manager Grayscale filed for regulatory approval to convert its trust tracking the token of the decentralized lending protocol Aave into an exchange-traded fund. The company filed a Form S-1 registration statement with the Securities and Exchange Commission on Friday, saying it intends to convert the trust and rename it the Grayscale Aave Trust…
Traditional finance giant Apollo Global Management Inc. has signed a partnership agreement with decentralized lending platform Morpho to take a significant stake in the project and help support its blockchain lending infrastructure. The move was announced on Friday by the Morpho Association, the nonprofit organization behind the decentralized finance (DeFi) platform. The partnership, or “cooperation…
The lack of privacy for onchain transactions is one of the biggest hurdles to the mass adoption of cryptocurrencies for payments and a medium of exchange, according to Changpeng Zhao, co-founder of the Binance cryptocurrency exchange. The executive commonly known as “CZ” said the lack of privacy prevents businesses and institutions from paying expenses in…
Apollo Global Management (APO) is moving deeper into crypto, striking a deal that could make the $938 billion asset manager a major token holder in a decentralized lending platform. The firm signed a cooperation agreement with the Morpho Association, the French non-profit organization behind the Morpho protocol, that allows Apollo and its affiliates to buy…
Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, signaled that the company is acquiring more BTC amid the ongoing market dip, marking week 12 of a consecutive buying streak. Saylor posted the Strategy BTC accumulation chart via the X social media platform on Sunday. The chart has become synonymous with BTC purchases made…
Consensus Hong Kong wrapped up with a bang as policymakers announced new initiatives to grow the digital assets sector. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Policymakers at Consensus Hong Kong announced a slew of initiatives…
Prediction markets are increasingly being framed not as gambling platforms but as vehicles for monetizing information, though founders acknowledged the line can blur depending on user intent at Consensus Hong Kong 2026. Ding X, founder of Predict.fun, argued that prediction markets more closely resemble insurance underwriting or poker than roulette. “It’s more information trading and…
Update Feb. 13, 1:44 pm UTC: This article has been updated to include a comment from Yi He, the co-founder and chief customer service officer at Binance. Three suspects were arrested in France after a reported break-in targeting the home of a senior figure at Binance’s French unit, with the company confirming to Cointelegraph that…
Payments-focused cryptocurrency XRP XRP$1.5331 is rising faster than bitcoin BTC$68,983.98 and ether ETH$2,007.71 as investors hunt for bargains following a price crash earlier this month. XRP’s price has rallied 38% to $1.55 since hitting a low on Feb. 6, according to CoinDesk data. The price has jumped by more than 5% in the past 24…
NEW YORK — While BlackRock’s iShares Bitcoin ETF (IBIT) is among the most successful product launches in Wall Street history, the crypto market’s growing reliance on leverage could be doing long-term damage to bitcoin’s BTC$70,413.42 institutional appeal, according to Robert Mitchnick, head of digital assets at BlackRock. During a conversation with Anthony Pompliano and investor…
