Cheyenne Ligon

Cheyenne is a features and opinions editor at CoinDesk. Previously, she covered U.S. policy and regulation, with a focus on court proceedings and crime. She was part of the Gerald Loeb award-winning team that chronicled the downfall of FTX's Sam Bankman-Fried. She has no significant crypto holdings.

Cheyenne Ligon

Latest from Cheyenne Ligon


Finance

Kalshi in talks with Sequoia, Wellington for $750 million fund raise at $40 billion valuation

The prediction-market platform raised $1 billion at a $22 billion valuation in May and is now discussing a new round that could nearly double that figure.

Luana Lopes Lara, Co-founder And COO, Kalshi (Getty Images/Anna Webber)

Finance

Figure revenue doubles as blockchain loan marketplace volumes surge

The tokenization-focused lender posted $226 million in quarterly revenue as blockchain loan marketplace volume jumped to $4.3 billion.

Mike Cagney at Consensus Miami 2026

Tech

Solana neared a freeze threshold Wednesday, Marinade Finance says. The Foundation says it held up under stress.

A routing glitch at a major data center provider knocked nearly 29% of Solana’s staked tokens offline, bringing the network within striking distance of a full freeze, while Foundation executives stressed that blocks and transactions never stopped.

Solana neared the network freeze threshold Wednesday. (Marinade)

Opinion

America doesn’t need a second-class payments system

If an institution qualifies to participate in America’s banking system, it should have a clear path to America’s payment system, argues Anchorage Digital's Rachel Anderika.

Federal Reserve (Getty Images/Bloomberg Creative)

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Finance

Pokémon cards are becoming multibillion dollar market. Crypto wants to fix how they trade

Collectors are spending millions on trading cards, while blockchain startups are turning physical Pokémon cards into digital assets. The harder task is creating enough liquidity to compete with established marketplaces.

Pokemon cards are getting tokenized. (Getty Images)

Finance

Inside stablecoin firm BVNK’s journey to a $1.8B acquisition by Mastercard

Early BVNK investor Concentric shares a fascinating inside view on the stablecoin startup’s journey and the eventual Mastercard deal.

MasterCard logo on a credit card (Getty Images/jbk_photography)

Finance

Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE

Revenue has fallen four quarters running while open interest hit a record high. The gap is a fee-sharing program that hands half the platform's volume to outside builders.

(Getty Images/Andriy Onufriyenko)

Finance

Crypto is going through a massive dot-com style shakeout as over 100 projects fold in 2026

An industry-wide reckoning is weeding out unsustainable startups, leaving behind only the protocols with real cash flow and actual users.

A trader sits in front of multiple screens holding his head. (Unsplash+/Getty Images)

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Tech

Bitcoin hits block 961,632 as the controversial BIP-110 soft fork attempt begins

The proposal has scant support from bitcoin miners and influential commentators have also voiced their opposition.

Fork in road (Beth MacDonald/Unsplash)

Finance

Hardware wallet sales in Russia more than double as new crypto rules near

Wildberries’ average price for hardware wallets fell 13% to 7,900 rubles, and M.Video broadened its range of products, though neither retailer identified the driving force behind the renewed demand.

Crypto hardware wallets (rc.xyz NFT gallery/Unsplash)