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

Ripple expands institutional trading push with TJM partnership

The deal is less about chasing returns and more about access to familiar market structures, regulated intermediaries and predictable settlement.

Stylized Ripple logo

Policy

Coinbase files lawsuits in 3 states over attempts to regulate prediction markets

The crypto exchange is taking legal action against Connecticut, Michigan and Illinois, Chief Legal Officer Paul Grewal wrote on X.

Coinbase CEO Brian Armstrong speaking to House Speaker Mike Johnson on July 18, 2025. (Jesse Hamilton/CoinDesk)

Markets

Metaplanet to start sponsored ADR program to woo over-the-counter U.S. investors

The sponsored level I ADR listing strengthens U.S. investor access, settlement quality and market credibility, the company said.

Close up of the red circle at the center of the Japanese flag. (DavidRockDesign/Pixabay)

Finance

Bybit returns to UK with 100 crypto trading pairs after 2-year break

Bybit exited the U.K. in 2023 following a tightening of rules around the promotion and marketing of crypto services.

A view over the City of London taken over the Thames near Tower Bridge. (Cj / Unsplash+)

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Markets

BONK drops 6.2% as elevated volume marks shift at key technical levels

Speculative token selling accelerated as heavy volume formed near resistance before a sustained pullback.

BONK-USD, Dec. 18 (CoinDesk)

Finance

DAWN raises $13M to expand decentralized broadband networks

The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.

Dawn (춘성 강/Pixabay, modified by CoinDesk)

Markets

Coinbase shares rise as ‘ambitious expansion’ wins analyst praise

The event marked a milestone that broadens the platform’s reach across new and traditional assets, the analysts said.

Coinbase

Finance

PayPal to use PYUSD stablecoin to fund AI infrastructure through USD.AI

The move links PayPal’s dollar-pegged token to onchain funding for GPUs and data centers, supported by a $1 billion customer incentive program.

PayPal logo on iphone screen (Marques Thomas/Unsplash)

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Finance

North Korean hackers stole a record $2 billion of crypto in 2025, Chainalysis says

North Korea-linked hackers drove a record year for crypto thefts, favoring rare but massive attacks on centralized services, led by Bybit’s $1.4 billion breach.

North Korean flags waving in the wind.

Markets

BNB holds onto fourth-largest crypto spot even as price falls, selling pressure builds

The token's short-term price action is sluggish, with trading volume spiking during sell-offs. Technical charts show support at $830 and resistance at $845.

BNB Rises to $840, Surpassing XRP as Fourth-Largest Crypto by Market Cap