Anchorage Digital, the U.S’ first federally chartered crypto bank, has tapped M0 as its core technology provider, a move designed to turn the custodian into a primary engine for institutions looking to mint and manage regulated stablecoins. San Francisico-based Anchorage seeks to expand its issuance platform through M0, and opens the door to a broad…
Crypto-based prediction market Polymarket has tapped blockchain analytics firm Chainalysis to monitor trading activity and enforce its market rules, as it works to address concerns about insider trading and market integrity. Chainalysis brings a suite of tools, including investigative software and onchain monitoring systems, to flag suspicious behavior, based on a model designed to identify…
Robinhood’s (HOOD) nearly 12% drop since its big earnings miss is being waived off by some big investors and Wall Street analysts. The popular trading platform missed its first-quarter earnings and revenue estimates on April 28, mainly due to weaker crypto trading activities. The market punished the stock on the miss, but Cathie Wood’s Ark…
Gemini Space Station (GEMI), the crypto exchange run by Cameron and Tyler Winklevoss, received U.S. Commodity Futures Trading Commission (CFTC) approval for a derivatives clearinghouse (DCO) license, allowing it to enter regulated derivatives and crypto’s fastest-growing, most-contested sector, prediction markets. The approval allows Gemini to clear and settle trades in-house instead of depending on external…
U.S. Secretary of Commerce Howard Lutnick, the former CEO of Cantor Fitzgerald that handles Tether’s finances in the U.S., has been questioned by Senate Democrats on reports that a trust tied to his children received a loan from Tether meant to help finance Lutnick’s divestiture of his company stake that went to his children. Senators…
A few weeks ago, abnormal temperature spikes at a Météo-France station near Paris-Charles de Gaulle (CDG) triggered a criminal complaint and an investigation. According to French media reports, the readings were linked to Polymarket bets that generated tens of thousands of dollars in gains. Whether the full mechanics are ultimately proven exactly as suspected is…
Coinbase’s (COIN) asset management arm said Thursday it’s rolling out a credit fund tied to stablecoin markets, with plans to offer investors onchain access through a tokenized share class. The fund, called the Coinbase Stablecoin Credit Strategy (CUSHY), targets institutional investors seeking yield from lending activity tied to digital assets. Investors will have the option…
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 2062.95, up 1.1% (+22.36) since 4 p.m. ET on Wednesday. Nineteen of 20 assets are trading higher. Leaders: APT (+4.4%) and ICP (+2.4%). Laggards: AAVE (-0.2%) and BCH (+0.0%)….
AllUnity, a joint venture backed by DWS, Flow Traders and Galaxy Digital (GLXY), took its euro-backed stablecoin, EURAU, to the Solana blockchain, extending the token’s reach to a high-speed network often used for payments and trading. EURAU, which debuted last July on Ethereum, is fully reserved and issued under a regulated e-money framework aligned with…
Bitcoin BTC$76,042.67, while it’s slightly in the green may be in for a shock. The largest cryptocurrency has gained less than 0.5% since midnight UTC, and strong moves toward $80,000 are likely to run into opposition. That’s because short-term holders have a cost basis around that price, Luke Deans, a senior research associate at Bitwise,…
