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


Finance

Crypto-friendly bank Erebor in talks to raise $1.5 billion at $9.5 billion valuation: FT

Total deposits grew from $1.1 billion in March to $4.6 billion by July, driven by clients in crypto, AI and defense.

Piggybank next to coins on the floor

Markets

Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1

The Strait of Hormuz relief trade unraveled after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities unchanged ahead of a pivotal CPI report.

Bitcoin price (CoinDesk data)

Policy

UK lawmakers question lenders over lack of banking for the country’s crypto firms

The U.K.’s Crypto and Digital Assets All-Party Parliamentary Group asked banks to explain their approach to providing banking services to crypto and digital asset businesses.

U.K. Houses of Parliament (Shutterstock)

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Finance

Riot Platforms surges 20% in pre-market trading on $9.1 billion Anthropic deal

The bitcoin miner’s 20-year agreement highlights an industry-wide shift toward AI infrastructure revenue.

Racks of servers and wires.

Markets

Solana lending giant Jupiter now lets the same dollar earn twice

The new Lend v2 product turns deposits and borrowed assets into trading liquidity, tying higher returns to whether Jupiter’s router can send enough swap flow to the new vaults.

A 100 dollar bill on table (Live Richer/Unsplash/Modified by CoinDesk)

Finance

Crypto exchange Coinsbuy loses $8 million in coordinated two-blockchain attack

Onchain forensics tie a single actor to an $8 million coordinated drain across TRON and Ethereum, with most funds routed through FixedFloat and the attack vector still unknown.

Hacker facing screens with lines of code (Boitumelo/Unsplash)

Markets

Bitcoin steadies above $65,000 as Iran-Oman deal talk eases Hormuz concerns, lifts risk assets

BTC rose to $65,209 and Nasdaq 100 index futures gained 0.45% on reports that Iran may strike a deal with Oman to reopen the Strait of Hormuz.

Bitcoin price (CoinDesk data)

Markets

Bitcoin volatility is in meltdown, but downside protection still commands a premium

Bitcoin’s BVIV volatility index hit the lowest level since 2025 as option demand collapsed. Still, overwriting surged and downside protection stayed pricey.

Chart showing downward slope of Volmex's BVIV, bitcoin's implied volatility index. (TradingView)