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


Markets

Stablecoins, Tokenization Put Pressure on Money Market Funds: Bank of America

Stablecoin demand for Treasuries won’t meaningfully shift T-bill dynamics, but instead poses a bigger challenge to money market funds, the report said.

Treasury image via Shutterstock

Markets

Polygon's POL Falls 6% As Inflation Shock Triggers Heavy Selling

The token’s rejection at $0.26 came amid a broad crypto pullback, with the CoinDesk 20 Index sliding 4% and rate-cut hopes fading.

CoinDesk

Finance

Mysten Labs Taps Ex-Goldman Sachs Crypto Exec Mustafa Al Niama to Lead Capital Markets Push

As Mysten Labs' new capital markets head, Al Niama will focus on tokenization, real-world asset markets, and collateral mobility.

Misty mountains (Francesco Vaninetti Photo/Getty Images)

Tech

The Protocol: OKX Slashes Native Token Supply in Half

Also: ETH Transaction Volume Climbs, Trading Bots Steal $1M From Users, and Babylon Trustless Bitcoin Vaults.

Boat Harbor

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Markets

BNB Nears Record High as Corporate Buyers Spur 4% Rally

Strong buying interest and heavy trading volume supported the rally, but selling pressure emerged near $855, suggesting potential short-term consolidation.

BNB price chart (CoinDesk Data)

Markets

Bitcoin Miner MARA Steps Into HPC With Majority Stake in EDF Subsidiary: H.C. Wainwright

The broker has an outperform rating on MARA stock with a $28 price target.

Data Center Server Room Bitcoin Mining

Policy

Terraform's Do Kwon Pleads Guilty to Conspiracy, Wire Fraud in UST Blow-up

The 33-year-old Korean national said he "knowingly" participated in a scheme that defrauded purchasers.

Do Kwon (CoinDesk archives)

Markets

Sui Price Falls 4% as Heavy Selling Pressure and Long Liquidations Hit Market

SUI slid to $3.69 after failing to break resistance near $3.98, with open interest dropping 15% and funding rates plunging from July highs.

Sui’s price plunged 4% over the past 24 hours after experiencing substantial market volatility overnight, CoinDesk Analytics data shows.

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Finance

Rumble Gains on Plans to Acquire Tether-Affiliated Northern Data

Under the deal, the two firms — both backed by USDT issuer Tether — combine into one.

Rumble CEO Chris Pavlovski at Consensus 2025 in Toronto (CoinDesk)

Policy

Paxos Applies for National Bank Trust Charter, Joining Stablecoin Issuers Circle, Ripple

The stablecoin issuer seeks to convert its New York Department of Financial Services license to federal oversight

Paxos CEO Charles Cascarilla (Danny Nelson/CoinDesk)