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

JPMorgan says Strategy's bitcoin sales policy adds 'two-way risk' to crypto markets

The bank said Strategy's bitcoin sales policy adds avoidable market uncertainty and should be replaced with equity issuance to build cash reserves.

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

Policy

Ethereum Foundation lays out use cases for governments, institutions in new policy guide

The Ethereum Foundation said policymakers should distinguish between decentralized public blockchains and networks that remain controlled by corporations or foundations, arguing that governance structures will play a critical role in determining which platforms are suitable for long-term public sector use.

Ethereum Logo

Tech

EthLabs launches as Ethereum undergoes its biggest leadership transition in years

In this week's edition of The Protocol Newsletter, we’re diving into the creation of EthLabs, and why it was launched during a period of transition for the ecosystem.

Blockchain (Shubham Dhage/Unsplash)

Policy

Europe's MiCA rollout sparks debate over who wins under new crypto rules

As Europe's crypto rulebook takes full effect, industry leaders agree regulation is here to stay, but disagree over whether it protects consumers or favors the biggest firms.

ESMA offices. (ESMA/Media)

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Opinion

Europe is closing the door on offshore crypto, but it’s leaving the riskiest window open

MiCA was never meant to address the giant crypto derivatives market. That could pose a serious problem, says Patrick Gruhn, founder and chief executive of Perpetuals.com.

Open window (Getty Images/Mo Elnadi)

Markets

Morpho poised to scale as DeFi infrastructure play, Standard Chartered says

The bank initiated coverage of Morpho with a $60 end-2030 price target, saying its DeFi lending and onchain infrastructure businesses are positioned to benefit from tokenization growth.

Paul Frambot, CEO Morpho Labs (Morpho)

Markets

Citi slashes 12-month bitcoin, ether targets as ETF flows dry up

The bank cut its 12-month bitcoin and ether price targets after scrapping its ETF inflow forecasts, citing stalled U.S. crypto legislation and weak investor demand.

ETFs (Markus Winkler/Pixabay, modified by CoinDesk)

Finance

Circle craters 17% as Stripe, Coinbase and BlackRock back rival stablecoin network

Open Standard's Open USD aims to let partners keep reserve income and eliminate minting fees, challenging Circle's USDC.

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

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Tech

MetaMask launches Money Account with stablecoin yield and spending in one wallet

The launch reflects a broader push to make stablecoins more useful beyond trading and transfers.

Joe Lubin, Consensys. (CoinDesk)

Opinion

Tokenized securities need competition, not gatekeepers

Innovation thrives when investors have choices. For tokenized securities, Washington shouldn't pick winners before the market has a chance to learn what works, argues Patrick McHenry, vice chairman at Ondo Finance and former Chairman of the House Financial Services Committee.

Open gate (Getty Images/Paul Grace Photography Somersham)