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AI Boost

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Markets

Crypto's latest selloff was a TradFi event, not a crypto crisis

Last week’s downturn was driven by yen carry trades and macro leverage, highlighting how deeply digital assets are now tied to traditional markets, panelists at Consensus Hong Kong 2026 said.

(l-r) Fabio Frontini, CEO of Abraxis Capital Management, Emma Lovett, Markets DLT credit lead at JPMorgan, Thomas Restout, group CEO of B2C2, Omkar Godbole of CoinDesk: Consensus Hong Kong 2026 (CoinDesk)

Finance

Aviva Investors to tokenize funds on XRP Ledger in Ripple partnership

The U.K. asset manager teamed up with Ripple to bring traditional fund structures onchain in its first tokenization push.

Nigel Khakoo and Jill Barber

Finance

Franklin Templeton and Swift say the future of banking is 24/7 and onchain

Tokenized funds and deposits are edging toward the mainstream, though regulation, infrastructure and security remain obstacles.

(l-r) Chetan Karkhanis of Franklin Templeton, Jean-Francois Rochet of Ledger, Devendra Verma of Swift, Nik De of CoinDesk: Consensus Hong Kong 2026 (CoinDesk)

Finance

Spark looks to build a safe bridge between onchain capital and TradFi

Spark is opening access to its $9 billion stablecoin liquidity pool for hedge funds and other institutions to bridge onchain capital with off-chain credit markets.

A sparkler held near the top of a bottle of champagne as its cork shoots out.

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Tech

Citadel Securities backs LayerZero as it unveils ‘Zero’ blockchain for global markets

Citadel has made a strategic investment in LayerZero’s ZRO token as the interoperability firm rolls out its high-performance blockchain.

Stylized network of light focii covering Earth (geralt/Pixabay)

Markets

Struggling Coinbase gets price target cut from JPMorgan ahead of Thursday earnings

Shares of COIN are down nearly 30% this year, with analysts warning that softer trading and crypto prices are likely to weigh on revenue.

Coinbase CEO, Brian Armstrong, at Consensus 2019 (CoinDesk)

Finance

Tether invests in LayerZero Labs as it doubles down on cross-chain tech, agentic finance

LayerZero’s Omnichain infrastructure (OFT) enables liquid stablecoin use across networks and “agentic finance” use cases.

Stylized Tether logo

Finance

Vitalik Buterin outlines how Ethereum could play a key role in the future of AI

In a post on X revisiting ideas he first outlined two years ago, the co-founder of Ethereum argues that the push toward artificial general intelligence often resembles the kind of unchecked speed and scale the blockchain was created to challenge.

Vitalik Buterin

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Markets

Bitcoin a tech trade for now, not digital gold, says Grayscale

The cryptocurrency's latest sell-off looks more like a retreat from growth, according to the crypto asset management firm.

A person looking at multiple trading screens. (sergeitokmakov/Pixabay/Modified by CoinDesk)

CoinDesk News

McHenry predicts fast crypto deal as Witt brokers talks

Patrick McHenry and Patrick Witt told CoinDesk Live at Ondo Summit that crypto law momentum grows, even as disputes over yield and ethics continue to sharpen.

Patrick McHenry