Bitcoin News Roundup for May 29, 2020

With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!

Markets Daily Front Page Default

With bitcoin and many traditional markets down on the day, CoinDesk's Markets Daily is back!

For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

Bitcoin Rally Falters as Stocks Drop Ahead of Trump's China Speech

Bitcoin's bulls are taking a breather as the traditional markets get the jitters over rising tensions between the U.S. and China.

Twetch Gets Suspended From Twitter in Wake of Trump 'Fact-Check' Storm

The Twitter account of BSV-based social media platform Twetch was suspended Thursday without warning, said Twetch co-founder Josh Petty.

'Passwordless Login' Startup Magic Raises $4M From Naval Ravikant, Placeholder

Ethereum startup Magic just raised $4 million from investors like Naval Ravikant, SV Angel, Placeholder and Volt Capital to make passwords less of a pain.

US Court Freezes Assets Linked to Alleged $9M ICO Scam

A federal court has frozen assets raised from investors in the Meta 1 Coin token sale in this increasingly bizarre ICO story.

For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.

RealFi 169 Image

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Why it matters:

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.