S&P Dow Jones Indices announced Wednesday that it is bringing the S&P 500 to the blockchain via the Hyperliquid platform, making it easier for investors to trade the most widely tracked equity index 24 hours a day. The company said it licensed its flagship stock index to Trade[XYZ], which is launching the first officially approved…
Crypto exchange Kraken, which announced four months ago that it planned to go public, has put its plan on hold, according to two people with knowledge of the matter. The company is still considering an initial public offering, but probably not until market conditions improve, said the people, who spoke on condition of anonymity because…
Bitcoin’s BTC$70,565.84 biggest early holders, often called original gangsters, are hitting the sell button after the Federal Reserve rattled expectations for lower borrowing costs. Blockchain data tracked by Lookonchain shows at least two long-term holders together dumped over 1,650 BTC worth more than $117.87 million early Thursday. One veteran whale who previously sold an 11,000‑BTC…
Flow Traders, one of the world’s top market makers in exchange-traded products, said Tuesday it is bringing its decades of TradFi expertise to tokenized assets with the launch of 24/7 over-the-counter (OTC) liquidity. The move arms institutional clients with a new tool, allowing them to manage risk and keep capital flowing via blockchain versions of…
American Bitcoin (ABTC), a mining and treasury firm tied to the Trump family, now holds more bitcoin BTC$70,814.60 than Mike Novogratz’s Galaxy Digital (GLXY). The company owns 6,899 BTC, worth about $491 million, edging past Galaxy’s 6,894 BTC to become the 16th largest public holder of the asset, according to data from BitcoinTreasuries.net. The shift…
Changpeng “CZ” Zhao embraced a chance to distance himself from recent accusations against Binance that it has been involved in handling transactions that potentially enabled terrorism financing in Iran. “I have zero interest in doing that,” said the founder and former chief executive of the exchange, who agreed to leave his company under a criminal…
Welcome to our institutional newsletter, Crypto Long & Short. This week: Ruchir Gupta on how we’re moving toward a true fixed-income market for crypto-native yield. Clara García Prieto on bitcoin becoming mainstream collateral, but most are not prepared for its risks. Top headlines institutions should pay attention to by Francisco Rodrigues. Crypto card volumes hit…
The Federal Reserve held its benchmark fed funds rate range steady at 3.50%-3.75% on Wednesday, as expected. Down nearly 4% ahead of the anticipated decision following a surge in oil prices and poor inflation data earlier on Wednesday, bitcoin remained sharply lower at $71,600 in the moments following the news. U.S. stocks remain lower for…
Prediction markets platform Polymarket announced Wednesday the acquisition of Brahma, a financial infrastructure company that built real-time execution and settlement systems for high-volume digital asset and fintech transactions. “[Brahma has] quickly become an industry leader in building and developing programmable systems across blockchain systems, trading execution, and payments,” said Polymarket in a press release sent…
Bitcoin BTC$71,184.51 slipped below $71,000 on Wednesday as Federal Reserve Chair Jerome Powell flagged rising oil prices amid the war in Iran as a new inflation risk. The Fed held interest rates steady as expected, but during his post-meeting press conference, Powell acknowledged that the recent surge in energy prices is already feeding into the…
