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Finance

Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events

Other major business events across the UAE, such as Middle East Energy Dubai and the Dubai International Boat Show, have also been postponed or delayed.

War in the Middle East is forcing F1 to cancel races and crushing crypto’s biggest events (Getty Images)

Finance

Brazil industry giants representing 850 companies decry stablecoin tax threat

They argue the tax would be illegal, violating Brazil's Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.

Brazil's flag (Rafaela Biazi/Unsplash/Modified by CoinDesk)

Markets

Arthur Hayes: Strong Revenue and Real Trading Could Send HYPE to $150

Hayes said Hyperliquid’s strong revenue, real trading activity and disciplined token supply could push the token to new highs.

CoinDesk

Tech

Ethereum Foundation publishes new mandate defining its role, core principles

The document comes at a point of transition for the organization, following shifts in the blockchain's technical roadmap and the resignation of a co-executive director.

Ethereum Logo

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Markets

Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike

Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.

(Sandali Handagama/ CoinDesk)

Tech

Cathie Wood's Ark Invest says quantum computing is a long-term risk for bitcoin, not an imminent threat

Today’s quantum computers are far from breaking Bitcoin’s cryptography and any real threat would likely emerge gradually, giving the network time to adapt.

Quantum Computing Room

Markets

Circle’s outperformance highlights USDC’s staying power, says bullish Wall Street analyst

William Blair said Circle’s recent rally reflects more than macro factors, pointing to USDC resilience and growing recognition of the firm’s stablecoin infrastructure advantage.

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

Tech

Lido launches stablecoin yield product to expand beyond ether

The goal is to make it easier for users to earn returns on crypto without having to choose or manage strategies themselves.

Crypto custodians are increasingly mindful of how stored tokens should be used in governing DeFi protocols. (Credit: NYPL)

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CoinDesk News

Avalanche’s business chief says crypto must grow up and solve real problems

John Nahas argues blockchain’s next phase is custom infrastructure for companies, not one-size-fits-all chains chasing hype.

John Nahas

Finance

Crypto accounting firm Cryptio raises $45 million as institutional demand accelerates

The company's platform tracks digital assets, storage locations and crypto loans, enabling financial institutions and corporations to produce accounting records and financial reports.

Stacks of 100 dollar bills (Dmytro Glazunov/Unsplash/Modified by CoinDesk)