Bitcoin hits $82,000, Coinbase leads crypto stock gains as Clarity Act advances
The upbeat public debut of AI chipmaker Cerebras is also helping to lift both crypto and traditional markets. Source link
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CME dives further into $85 trillion digital assets market with Nasdaq CME Crypto Index futures
A CME group executive said the demand grew with average daily trading volume in his firms’ suite increasing by 43% year-to date. Source link
Kraken to replace LayerZero with Chainlink for kBTC, future wrapped assets
Kraken said it will replace LayerZero, a protocol for moving crypto assets across blockchains, with Chainlink’s equivalent after the $292 million bridge exploit that hit liquid restaking protocol Kelp last month exposed risks in legacy cross-chain infrastructure. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will become the exclusive cross-chain service for Kraken’s wrapped crypto assets including kBTC,…
Senate Banking Committee holds key hearing on market structure bill
The Senate Banking Committee is holding its markup hearing for the Digital Asset Market Clarity Act — more commonly known as just the Clarity Act — on Thursday, kicking off a key process for the long-awaited market structure bill. Over the course of Thursday’s hearing, the 24 Senators on the committee will debate and vote…
BlackRock, Janus Henderson tokenized funds get instant redemptions with new $1 billion facility
A new liquidity network backed by firms including BlackRock (BLK) and Janus Henderson (JHG) is aiming to make the $15 billion tokenized Treasury fund market function better than their traditional counterparts. Grove, a blockchain-based credit infrastructure specialist, unveiled Thursday a facility designed to provide instant stablecoin liquidity for investors exiting tokenized real-world asset funds. The…
Strive launches first daily dividend security in U.S. markets
Strive (ASST) said that its preferred stock will begin paying cash dividends every single business day from June 16, a first in U.S.-listed securities history. CEO Matthew Cole called the daily dividend structure a “zero-to-one innovation,” positioning SATA as a cash yield instrument designed to compete with and improve upon traditional money market alternatives. “SATA…
Bitcoin slips below $80,000 as inflation concerns trigger crypto selloff
The crypto market remained subdued on Thursday, with bitcoin BTC$79,449.55 holding below $80,000 and a number of altcoins facing deep losses. The largest cryptocurrency was recently changing hands around $79,800 after dropping to as low as $78,720 on Wednesday. Crucially, it is still below the weekly open of $82,500. Risk assets have been pressured after…
Moody’s puts AAA rating stamp on Fidelity and BlackRock’s tokenized money market funds
Moody’s assigned its highest credit rating to tokenized money market funds from Fidelity and BlackRock, validating their safety as yield-bearing onchain products. The AAA-mf rating signals an extremely strong ability to ensure high liquidity and capital preservation and the lowest level of risk. Fidelity’s FILQ fund debuted on May 6. The product is powered by…
TRUMP token down 5% as namesake handset begins shipping next week
The TRUMP token, the official memecoin of U.S. President Donald Trump, is down 5%, according to CoinDesk market data, as Trump Mobile announced the long awaited T1 handset is set to begin shipments next week. As CoinDesk previously reported, neither the Trump Mobile project nor the President’s memecoin has gone particularly well. Shipment dates for…
BTC ETFs lose $635 million in a single day. What next?
A key tailwind that supposedly powered bitcoin’s recent rise above $80,000 appears to be fading. The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs), which pulled in $3.29 billion in investor money through March and April, are now leaking funds. And sizeable ones at that. On Wednesday, investors yanked $635 million from these funds, the highest…