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Why U.S. Stablecoin Regulation Is a 'Major Milestone'
The Genius Act has ignited a new era for crypto, pushing stablecoins into the spotlight. CoinDesk's Jenn Sanasie sits down with Chris Tyrer, President of Bullish Exchange, and Lily Liu, President of the Solana Foundation to discuss how exchanges and Layer 1 ecosystems are rapidly adapting to this monumental shift. They offer insight from Bullish and Solana on this major milestone for the industry and chat through real-world use cases of stablecoins, from simplifying cross-border trade settlement to enabling a future where your crypto wallet is your financial portal.
Ethereum Validator Exit Queue Tops $2B as Stakers Rush to Quit
An exit queue now over 11 days long has formed on the Ethereum network, with 475 validators waiting to unstake nearly $2 billion in ETH. What's behind the sudden rush? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.
Tesla Shares Are Down, Could Bitcoin Be Its Saving Grace?
Tesla’s bitcoin bag is now worth around $1.2 billion after BTC’s price climbed 30% in the second quarter of this year. According to its earnings report, the EV maker’s Q2 revenue came in at $22.5 billion, roughly matching estimates. And, a Denver grand jury has indicted a married couple for allegedly operating a multi-million-dollar crypto scam. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
Altcoin Season on Halt With SOL, XRP, TON Posting Heavy Losses
Several major altcoins dropped sharply on Wednesday with SOL, XRP and TON seeing losses over 5%. Is this the signal for a pause in the so-called altcoin season? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.
Ozzy Osbourne's Death Triggers Memecoin Frenzy
Ozzy Osbourne’s death on Tuesday has sparked a wave of scam tokens on Solana, as bad actors exploit the heavy metal icon’s legacy for quick cash grabs. Plus, U.S. trade deal updates and a note from HKMA on the stablecoin hype.
Will XRP Continue Its Rally?
XRP has largely traded within a range since last Friday, with upside capped above $3.6 and support at around $3.35. A move below $3.35 would trigger the double top breakdown, potentially opening the door for an extended pullback to $3. CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.
Cathie Wood's ARK Invest Loads Up on ETH Treasury Bet Through Bitmine Shares
Cathie Wood's ARK Invest is making a bold bet on an ETH treasury play with a $116 million purchase of Bitmine Immersion Technologies shares. Plus, the continued rally in SOL and JPMorgan's plan for crypto-backed loans. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
Ric Edelman: Why I Now Recommend a 10-40% Crypto Allocation
Digital Assets Council of Financial Professionals founder Ric Edelman has shifted his crypto investment advice from a 1% allocation in 2021 to as much as 40% today. Following the passage of landmark stablecoin legislation, he breaks down why the political and regulatory environment has never been more bullish for digital assets. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
CryptoPunk, Penguins Surge Send NFT Market Flying
The NFT market is seeing a significant surge in sales and prices, with top collections like CryptoPunks, Pudgy Penguins and Bored Ape Yacht Club rising as much as 25% in floor price. Are NFTs showing signs of life again? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.
Trump Signs GENIUS, What Now?
Altcoin season may finally be upon us as ether and other layer-1 coins rallied over the weekend as a result of the passage of the GENIUS Act in the U.S. Plus, corporates buy more ether and bitcoin. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
