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Markets

Bitcoin's dearth of fresh investors matters more than Strategy's sale, Citi says

Strategy's bitcoin sale may have rattled markets, but the bigger issue is missing demand from new buyers, Citi said.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

Markets

IREN adds 4% premarket as company unveils 800MW Australian AI data center campus

The AI infrastructure firm secured a grid connection for a planned South Australian campus, with energization targeted for 2028.

An engineer sits at a bank of crypto mining rigs.

Markets

Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE

The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.

Krista Lynch Grayscale

Markets

Galaxy enters institutional prediction markets with $10 million Arca trade

The digital asset firm launched OTC prediction markets trading for institutions and completed a $10 million trade tied to U.S. crypto legislation with hedge fund Arca.

(Daniel Murray/Consensus)

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CoinDesk News

Gary Vaynerchuk says AI is creating the biggest opportunity ever for entrepreneurs

AI is reshaping business faster than most leaders realize, and Gary Vaynerchuk argues the biggest winners will be creative builders willing to adapt.

CoinDesk

Finance

Franklin Templeton teams up with MoonPay to let big investors swap stablecoins for yields 24/7

The Wall Street giant is integrating its tech platform with MoonPay's infrastructure, allowing eligible institutions to seamlessly swap stablecoins for yield-generating tokenized funds without ever leaving the blockchain.

Sandy Kaul at Consensus Miami 2026

CoinDesk News

Stellar CEO says Clarity Act would help, but tokenization isn't dependent on it

DTCC’s decision to connect its tokenized securities platform to Stellar marks a new phase of institutional adoption for public blockchains.

Denelle Dixon

CoinDesk News

Bitcoin ETF outflows are noise as Wall Street doubles down on crypto, says analyst

Recent Bitcoin ETF outflows look dramatic in headlines, but Bloomberg Intelligence's Eric Balchunas says the broader adoption story remains intact.

eric balchunas

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Markets

Bitcoin derivatives markets flashing warning signs as price plunges below $70,000

Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.

CoinDesk

Markets

Strategy sold bitcoin in late May, and told the market in June. Here's how Polymarket bettors are fighting over when it counts.

A $79 million market hinges not on whether Michael Saylor's firm sold bitcoin, but on whether a sale disclosed June 1 can count toward a deadline that passed May 31.

(Rob Sarmiento