The US Securities and Exchange Commission has reportedly postponed its plan to allow trading of tokenized stocks after stock exchange officials raised concerns over how the plan would be implemented. Bloomberg reported on Friday, citing sources familiar with the matter, that the SEC’s “innovation exemption” for crypto-based stocks was expected to be released during the…
Tom Lee’s BitMine faces about $7.3 billion in paper losses on its Ethereum treasury as Ether (ETH) traders weigh worsening sentiment, ETF outflows and a bearish chart setup pointing toward $1,600. Key takeaways: Bitmine keeps buying ETH even as its losses mount amid the 57% price drawdown from the August 2025 high. ETH price technicals…
Rising government bond yields signal a coming “structural” shift that will create a Bitcoin “supercycle” of rising prices, as investors flee debasing assets for one that cannot be inflated, according to Shang Wu, a senior research analyst at crypto exchange BitMEX. The yield on the 30-year US Treasury broke past 5.14% on Tuesday, while the…
Fenwick & West LLP, the principal law firm that advised former cryptocurrency exchange FTX, agreed on Friday to pay $54 million to settle a 2023 class action lawsuit, filed by former customers of the defunct exchange. The plaintiffs allege that Fenwick “facilitated FTX’s fraud” by playing “a key and crucial role in the most important…
Ethereum co-founder Vitalik Buterin responded to growing criticisms of the Ethereum Foundation’s role in the Ethereum ecosystem, pushing back against critics who want the organization to take a more active role in supporting token prices and marketing. Buterin said the Foundation will continue to focus on promoting censorship-resistance, open source software code, long-range research, cybersecurity,…
Coinbase is not at all concerned with the increasing competition from Wall Street giants or other traditional financial institutions, the crypto exchange’s head of Policy for Europe told CoinDesk on Friday. “We have always said that a rising tide lifts all ships,” said Katie Harries, adding that Coinbase is “not at all” worried about the…
The Federal Reserve published the latest version of its proposal to create a “skinny” master account, updating the proposal first published last December. In the same week, President Donald Trump signed an executive order directing the greater integration of digital assets with existing payment networks. You’re reading State of Crypto, a CoinDesk newsletter looking at…
Artificial intelligence (AI) agents autonomously spending money online is still a tiny market, but some of the world’s largest tech, payments and crypto firms are already racing to build the infrastructure for it, Keyrock said in a new report. The crypto trading and investment firm estimated that AI agents settled over $73 million across roughly…
Crypto lender Ledn says the consumer bitcoin-backed loan market could grow nearly 300-fold to as much as $1 trillion within the next decade, as demand for borrowing against digital assets far outpaces actual usage. The forecast accompanied new research conducted by consumer insights firm Protocol Theory, which surveyed 1,244 cryptocurrency holders across the U.S. and…
The crypto industry has spent years debating whether quantum computing poses an existential threat to blockchains like Bitcoin and Ethereum. Now, researchers and builders believe artificial intelligence may be accelerating that timeline, and forcing a broader rethink of how digital security works altogether. Leaders working on post-quantum cryptography and blockchain security described a rapidly changing…
