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…
Crypto caught a modest bid on Thursday after Wednesday’s inflation report showed underlying price pressures staying contained. Bitcoin rose about 1.9% over 24 hours to roughly $62,600, leading the majors, per CoinDesk data. Headline inflation rose 0.5% on the month and 4.2% over the year, the fastest annual pace since April 2023, but energy did…
XRP managed to hold the $1.10 area, which matters after last week’s sharp breakdown, but the recovery still looks tentative. Institutional money continues flowing into XRP-linked products and futures activity has picked up sharply, yet price remains pinned near multi-month lows while bitcoin and the broader market recover more aggressively. News Background • XRP-linked investment…
The World Series of Poker (WSOP) is bringing cryptocurrency payments to its global tournament circuit by teaming up with the Solana Foundation. The world’s largest and most prestigious poker tournament series will allow players to use Solana-based payments, powered by MoonPay, to buy into tournaments with no processing fees, starting at the WSOP in Las…
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 1663.81, down 1.4% (-24.03) since 4 p.m. ET on Tuesday. All of the 20 assets are trading lower. Leaders: CRO (-0.1%) and AAVE (-0.5%). Laggards: NEAR (-4.3%) and BCH…
Kalshi said it will start requiring some users to disclose their employers as part of a broader push to crack down on insider trading and market manipulation on its prediction-market platform. The federally regulated exchange said Tuesday the new policy will apply to markets it considers at higher risk for insider activity or abuse. Those…
