Chun Wang, the Chinese-born Maltese-Kittitian crypto investor who co-founded F2Pool, has been named Mission Commander for SpaceX’s first commercial human spaceflight interplanetary mission to Mars, crucial to Elon Musk’s plans to send one million people to the Red Planet. Wang, whose mining pool controls roughly 11.3% of the global Bitcoin network hashrate and whose personal…
The long-awaited U.S. Securities and Exchange Commission rule to begin allowing tokenization of securities — a change that could have profound effects on the financial markets — has been facing the contentious perception it’ll allow synthetic tokens, but a commissioner has taken the unusual step to post statements about the unpublished rule to potentially counter…
Minnesota financial institutions can no longer afford to remain on the sidelines as Wall Street aggressively captures digital asset infrastructure, driving a state-level legislative push to halt deposit flight and insulate the local economy, a local legislator and a banker told CoinDesk. “Over the last several years, I’ve consistently heard concerns about the increasing amount…
Latest developments: Emmer joined CoinDesk’s The Policy Protocol and said the Senate’s bipartisan movement on the Clarity Act shows crypto legislation still has momentum despite growing uncertainty in Washington. Emmer pointed to the Senate Banking Committee’s 15-9 vote advancing the bill, arguing support extended beyond Republicans. He said the House has spent years refining crypto…
The next wave of financial disruption is not arriving as a better app or a cheaper brokerage built on decades-old infrastructure. It is a complete overhaul of the legacy system of rent-seeking middlemen and inefficient rails, ushered in by three forces converging at once: stablecoins as always-on digital cash, the tokenization of real-world assets from…
As has been the case all week, bitcoin (BTC) is trading in a tight range around the $77,000 level in U.S. morning action. There was some economic news on Friday morning, and it wasn’t pretty. The University of Michigan Consumer Sentiment Index for May fell to a record low 44.8 from 48.2 previously and versus…
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 2085.44, down 0.0% (-0.18) since 4 p.m. ET on Thursday. Fourteen of the 20 assets are trading higher. Leaders: NEAR (+19.4%) and ICP (+4.3%). Laggards: SUI (-2.6%) and XRP…
The current state of financial markets is best described as macro-geopolitics first, crypto second. The evidence is clear. Despite recent positive regulatory developments related to the Clarity Act, bitcoin BTC$77,321.59 has shown little excitement, trading near $77,200 – largely unchanged over the past 24 hours and for the week. Meanwhile, oil remains elevated near $100…
Ark Invest bought $5 million worth of Bullish (BLSH) stock on Thursday, the fourth day in a row it has added BLSH shares to its exchange-traded funds (ETFs). Cathie Wood’s investment manager has purchased $12.5 million worth of shares in the crypto group, which is also CoinDesk’s parent company, since Monday based on the stock’s…
Layer-1 blockchain Near’s forthcoming upgrade will allow the network to scale dynamically without human intervention. The market is giving it a thumbs-up, sending the native token’s price sharply higher. NEAR has gained more than 27% in the last 24 hours to trade at $2.25. “Dynamic resharding is coming to NEAR. The upcoming network upgrade will…
