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AI Boost

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Finance

BNY Eyes $1.5T Stablecoin Market With New Reserve Fund for Issuers

The bank aims to provide a key piece of infrastructure for stablecoin issuers to back the value of their tokens, similarly to BlackRock's Circle Reserve Fund for USDC.

BNY office (BNY, modified by CoinDesk)

Finance

Zero-Knowledge Identity Startup Self Raises $9M, Introduces Points Program

Self raised $9 million to expand its zero-knowledge identity platform and introduced a rewards program aimed at driving on-chain verification adoption.

Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

Finance

Crypto Asset Manager Grayscale Files for IPO in the U.S.

The crypto asset manager submitted an S-1 to the SEC for a proposed stock offering as industry players accelerate moves into U.S. public markets.

Grayscale's new ad campaign in New York's Penn Station. (Nikhilesh De/CoinDesk)

Tech

Ethereum Layer-2 RISE Unveils RISEx and MarketCore to Build Global On-Chain Markets

The move comes as RISE’s acquired BSX Labs, a perp DEX on layer-2 Base, whose technology will underpin RISE’s new global markets offering.

Sam Battenally CEO of RISE (RISE)

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Finance

Circle Unveils StableFX to Power Onchain Currency Trading on Upcoming Arc Blockchain

The USDC issuer's new stablecoin foreign exchange engine aims to modernize cross-border payments, reduce risk and streamline settlement.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Markets

UFC to Debut Fan Prediction Scoreboard in Polymarket Deal

TKO inks multi-year pact with Polymarket, bringing real-time sentiment tracking to UFC and Zuffa Boxing broadcasts.

(Rikin Katyal/Unsplash)

Finance

Leap Therapeutics Surges 300% on $50M Winklevoss-Backed Zcash Bet

The company is also rebranding as Cypherpunk Technologies with ticker change to CYPH, effective Thursday.

Gemini co-founders Cameron and Tyler Winklevoss at White House (Jesse Hamilton/CoinDesk)

Markets

Polymarket's Shayne Coplan: Blockchain Let Him Build a Global Force From His Bedroom

The founder of the prediction marketplace spoke at Cantor Fitzgerald’s crypto, AI and blockchain conference in Miami.

Polymarket founder and CEO Shayne Coplan at CoinDesk's Consensus 2024.

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Finance

Sui Launches Native Stablecoin USDsui Using Bridge’s Open Issuance Platform

The new U.S.-compliant USDsui aims to link the blockchain’s $200bn monthly stablecoin volume to Bridge’s interoperable platform.

Sui blockchain image

Policy

Brazil Proposes Selling Seized Bitcoin to Undercut Organized Crime Networks

The proposed law, part of the "anti-faction bill", would treat cryptocurrencies like foreign currencies and financial securities.

Brazil's flag (Rafaela Biazi/Unsplash/Modified by CoinDesk)