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

Wall Street's BNY expands stablecoin services for institutions, starting with Circle's USDC

The world's largest custody bank is adding USDC custody and minting services as stablecoins move deeper into traditional finance.

BNY Mellon (Getty Images/Cheng Xin)

Markets

Strategy opens door to selling billions of bitcoin under new capital plan. Here's what it means

The company can now sell bitcoin to fund the USD reserve, support preferred dividends, and finance up to $2 billion in stock buybacks.

Strategy's Michael Saylor (CoinDesk)

Finance

BlackRock pushes deeper into DeFi with Ethena integration, sending ENA up 8%

The deal adds Ethena's yield-generating token to BlackRock's risk management platform and create a $100 million liquidity facility for BlackRock's tokenized money market fund.

Blackrock logo on a building

Finance

Securitize expects to raise $400 million as tokenization firm nears public debut

The BlackRock-backed tokenization specialist expects to close its SPAC merger next week and start trading on the NYSE, pending shareholder approval.

Securitize CEO Carlos Domingo (Securitize)

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Markets

Strategy's yield-generating STRC stock is more correlated with BTC than ever

The tightening correlation undermines STRC's appeal as a relatively steadier income vehicle.

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

Finance

Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation

The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.

Kraken Co-CEO Arjun Sethi at the Securities and Exchange Commission (Jesse Hamilton/CoinDesk)

Finance

a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache

The startup formerly known as Story Protocol raised $140 million to secure internet rights and is now building an audit layer for data consent, licensing, and provenance for tech firms.

DATA Foundation CDO Avi Patel. (DATA Foundation/Media)

Tech

Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish

In this week's edition of The Protocol Newsletter, we're looking at Ethereum's eventful week that started off with the launch of EthLabs, plus the layoffs at the Ethereum Foundation, and what this all means for the network.

Ethereum Logo (Unsplash)

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Policy

Binance withdraws Greek MiCA bid but vows to remain in Europe

The crypto giant must find a home base in the EU by July 1 or regulators will force the company to shut down operations for millions of regional users.

ESMA headquarters, white office block.

Finance

SecondFi loses $2.4 million in Cardano wallet exploit

SecondFi was hit by three separate attacks exploiting a flaw in its wallet generation software. A further 129 million ADA was secured by the team before attackers could reach it.

Hacker sitting in a room (Clint Patterson/Unsplash)