Sheldon Reback

Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble and collapse. He managed the Bloomberg Terminal's main news page and worked on a global project to produce short, chart-based stories across the newsroom. Before that, he worked for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.

Sheldon Reback

Latest from Sheldon Reback


Markets

Bitcoin options traders load up on $50,000 puts and gold futures flash a death cross

Bitcoin options flows and a record gold OI suggest traders are bracing for further downside rather than a sustained recovery.

CoinDesk

Markets

Aave logs biggest network-growth day in nearly 5 years as DeFi interest returns

The lending protocol added 1,806 new wallets in a single day, the most since October 2021, according to Santiment. The AAVE token has risen about 20% in a week even as the broader market slides.

Stylized AAVE logo (CoinDesk)

Policy

Why Poland is the only EU country where crypto firms can't get a MiCA license

President Karol Nawrocki refuses to sign a law that gives the regulator power to approve companies, forcing tech founders to look outside their own borders for permission to operate.

Polish President Karol Nawrocki

Markets

Bitcoin nears 2024 lows as options traders pay up for downside protection

Bitcoin and ether slid toward key support price levels. DeFi tokens were hit hardest, even as XLM and LIT bucked the broader market weakness.

Bitcoin price (CoinDesk data)

Policy

UK to lower stablecoin capital buffers, undercutting EU's MiCA requirements

The Financial Conduct Authority's proposal follows the Bank of England's backtracking on the limit to the value of stablecoins an individual could hold.

UK FCA building (FCA)

Markets

Bitcoin's correlation with dollar-yen rate hits -0.90, undercutting 'carry trade' theory

Bitcoin’s price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.

Philippe Geluck's sculpture of two cats on a seesaw on the Champs-Élysées

Policy

Dubai set for crypto firm influx as MiCA deadline pushes companies to reassess Europe

Dubai lawyer Irina Heaver says European founders are flocking to the UAE for faster licensing, a dedicated crypto regulator and access to markets beyond Europe.

Irina Heaver, crypto lawyer NeosLegal. (Irina Heaver/NeosLegal)

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Markets

Bitcoin hovers below $60,000 as crypto braces for a pivotal week

BTC added 0.6% to $59,800 to start the week while SOL rose 2%, though derivatives data and chart formations point to continued downside risk.

Bitcoin price (CoinDesk data)