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

Crypto rallies through the Fed's first rate increase since 2023

Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm disclosed a stake.

Zcash leads altcoin rally (CoinDesk data)

Markets

Payward plans to offer U.S. clients onchain perpetual futures on Hyperliquid

Leveraging its $550 million acquisition of Bitnomial, Payward aims to become the first registered U.S. exchange to deploy markets on the Hyperliquid protocol.

Payward and Kraken co-CEO Arjun Sethi.

Markets

Bitcoin ETFs shed $450 million as Clarity Act fails

U.S. spot bitcoin ETFs shed $450 million, the most since June, as the Senate's failure to advance the Clarity Act sent regulatory-sensitive tokens sharply lower.

ETF outflows hit highest level since June as bitcoin slides (SoSovalue, TradingView)

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Finance

Two Robinhood engineers charged with insider trading using Hyperliquid perpetuals

U.S. prosecutors allege two engineers used confidential Robinhood token listing data to front-run announcements using Hyperliquid perpetual futures.

U.S. Office of the Attorney General in Washington. (Jesse Hamilton/CoinDesk)

Tech

Ethereum, Base give up on common wallet standard after months of talks

Ethereum is moving ahead with EIP-8141 while Coinbase-backed Base backs EIP-8130, leaving wallets and apps that span both networks facing different transaction systems.

A person opening up a traditional wallet.

Policy

European Central Bank calls for merchants to participate in digital euro pilot

The 12-month test will put a beta version of the central bank currency through online, mobile, in-store and peer-to-peer payments.

ECB President Christine Lagarde. (Felix Schmidt/ECB Press)

Tech

A hacker turned 25 cents of bitcoin into 46 billion fake BTC tokens on a DeFi bridge

Two software bugs allowed the attacker to create more than 2,000 times Bitcoin’s maximum supply in unbacked syBTC. Symbiosis puts preliminary losses at 9.97 BTC.

Hackers. Data and security breach. (Kevin Horvat on Unsplash)

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Markets

Bitcoin gives back Monday's gain as Clarity Act odds fade on Polymarket

Bitcoin fell 1.7% since midnight UTC to $76,862, unwinding a late Monday rally as Polymarket odds on the Clarity Act becoming law this year halved overnight.

Bitcoin tracks Clarity Act odds (Polymarket, TradingView)