Bitcoin’s $80,000 floor cracked under back-to-back inflation shocks, and Xi Jinping’s Taiwan warning further dampened expectations of a recovery. BTC traded at $79,200 in Asian hours Thursday, down 2.3% over 24 hours and 2.2% on the seven-day, after slipping below the $80,000 level that had served as the floor for most of the past week,…
Americans are sending Washington a clear message: the United States should lead the future of digital finance, not fall behind while other countries write the rules. A new national HarrisX survey of registered voters found that 70% say the U.S. should have already passed crypto legislation, 62% say it is important for America to set…
Crypto wallet provider Ledger put its plans to go public in the U.S. on hold due to difficult market conditions, according to two people with knowledge of the matter. Ledger has not filed any draft S-1 registration statement with the Securities and Exchange Commission (SEC), one of the people said. A confidential filing is typically…
As Wall Street firms race to bring stocks, bonds and credit products onto blockchain rails, a new Ethereum-based marketplace backed by Animoca Brands is aiming to turn tokenized assets into something crypto investors can use across decentralized finance (DeFi). NUVA, developed by Animoca and Nuva Labs, is connecting around $19 billion worth of tokenized real-world…
KDDI, one of Japan’s largest telecom companies, is set to hold a 14.9% stake in local crypto exchange operator Coincheck Group (CNCK) after agreeing to a $65 million deal. The telecom giant will subscribe for 28.5 million newly issued Coincheck Group shares at $2.28 each, Coincheck said on Wednesday. The deal is expected to close…
Welcome to our institutional newsletter, Crypto Long & Short. This week: Dovile Silenskyte provides an alternative to the “bitcoin as a risk asset” narrative. Joshua de Vos shares insights and analysis on global exchanges. Top headlines institutions should pay attention to by Francisco Rodrigues. CoinDesk 80 Leads as Crypto Outperforms Across Asset Classes in Chart…
Nigel Farage, the leader of Reform UK and a member of Parliament, is facing a formal investigation by the parliamentary standards watchdog after failing to declare a 5 million-pound ($6.8 million) gift from crypto billionaire Christopher Harborne, news services including the Guardian reported Wednesday. Farage received the donation from Harborne, a Thailand-based businessman with a…
Consensys, the Ethereum development firm led by Joe Lubin, has pushed back its potential U.S. public offering until fall at the earliest due to poor market conditions, according to two people familiar with the situation. The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs last year to lead the process. Consensys…
Metaplanet (3350), Japan’s largest corporate bitcoin holder and the world’s third-largest bitcoin treasury company holding 40,177 BTC on its balance sheet, has confirmed a delay in its planned preferred share listing. CEO Simon Gerovich discussed the complexity of navigating Japan’s underdeveloped preferred equity market as the primary reason for the hold-up. The company’s planned instrument…
Network News “ALPENGLOW” UPGRADE LIVE FOR TESTING ON SOLANA: Solana developer Anza said that Alpenglow, the network’s biggest proposed consensus overhaul to date, is live on a community test cluster, marking a major step toward a potential mainnet rollout. The update means validator operators can now test software designed to move Solana from its current…
