Latest Crypto News

Policy

New Hampshire snuffs out trailblazing state-government bitcoin bond effort

At its last stage for government approval, the state's executive council rejected the bond project 3-2.

New Hampshire State House (Nils Huenerfuerst/Unsplash)

Finance

Grayscale's CFO exits after 7 years with crypto asset manager

Edward McGee stepped down after seven years, months after distribution chief John Hoffman left for Ondo Finance.

The Grayscale Solana Trust was launched in 2021 as the asset managers 16th product.

Policy

With SEC fight over, Coinbase's top legal exec Grewal moves on, and others reassigned

Coinbase Chief Legal Officer Paul Grewal will depart the exchange, though he'll continue as an adviser, he said Thursday.

CoinDesk

Markets

Arbitrum jumps 19% benefitting from Robinhood's $568 million onchain trading frenzy

The brokerage's new blockchain is off to a fast start, with memecoin trading boosting activity and revenue flowing back to the Arbitrum ecosystem.

Robinhood's Vlad Tenev speaks at Token2049 in Singapore (Token2049)
Advertisement

Policy

Newest version of crypto Clarity Act may drop as soon as next week, sources say

After a long stretch without breakthroughs in the crypto market structure bill, insiders say a new draft may emerge in a final push for late-July action — though it still lacks bipartisan buy-in.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Markets

Billions flowing out of bitcoin ETFs and private credit funds suggest rising market risks

Redemption requests in the $2 trillion private credit market surged to $15.6 billion in the second quarter, dwarfing bitcoin ETF outflows.

Private credit funds see large redemption requests (aditya1702/Unsplash)

Markets

AI contracts, not bitcoin, now drive miner valuations, and Cipher and TeraWulf look cheap, says analyst

Compass Point analysts Michael Donovan and Ed Engel said markets are giving little credit to future AI data center pipelines despite billions of dollars in signed leases.

CoinDesk

Tech

Ethereum's newest nonprofit wants to become Wall Street's guide to crypto

In this week's edition of The Protocol Newsletter, we’re digging into Ethereum Institutional, a new nonprofit aimed at educating financial institutions and banks about Ethereum.

New York Stock Exchange (Getty Images/xPACIFICA)
Advertisement

Finance

Aave rolls out vaults for yield-hungry fintech investors

Aave's new Stable Vaults product lets wallets, exchanges and payment apps offer yields on stablecoin deposits

Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)

Opinion

Age verification is the surveillance nobody voted for

KOSA and Chat Control both retreated on their most-criticized measures this week, but both kept mandatory age verification, the quiet mechanism that turns anonymous browsing into identified browsing for all of us, argues Billions CEO Evin McMullen.

Surveillance camera (Getty Images/fhm)

Finance

Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus

Migrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, Virtuals, Re and Kraken’s tokenized assets.

People migrating (Sébastien Goldberg/Unsplash)
Advertisement

Finance

Swift rolls out new blockchain ledger to bring 24/7 banking to 17 global giants

HSBC, UBS, Wells Fargo and Citi are among the 17 banks now preparing to pilot live transactions using tokenized digital assets on Swift’s new blockchain payments platform.

Swift logo (SWIFT)

Finance

Latin America’s biggest stock exchange now offers options on bitcoin, ether and solana futures

These options settle into underlying futures contracts rather than spot cryptoassets, involving no custody, transfer, or administration of tokens.

Sao Paulo, Brazil (Shutterstock)

Markets

Crypto remains resilient in face of renewed Middle East tensions

BTC rose 1.2% to $63,000 and Nasdaq futures jumped 2.6% with markets seemingly unconcerned by U.S. airstrikes on Iran. Bitcoin is now up 9% since the end of June.

CoinDesk
Advertisement