Exclusive

Exclusive

Finance

Here is why Harvard trimmed bitcoin and bought ether and why the move is bullish for crypto

Volatility and private equity cash needs, not a market bet, may explain the endowment’s crypto shift, experts say.

Harvard University library (Pascal Bernardon/Unsplash)

Markets

Bitcoin could slide further on liquidity squeeze, but long-term bull case intact: Sygnum CIO

Fabian Dori says a short-term liquidity squeeze is driving crypto’s slump, with further downside possible, though improving macro data and fundamentals could speed a recovery.

(Photo by Kanchanara on Unsplash/Modified by CoinDesk)

Tech

A former Solana exec is taking a page out of Wall Street playbook to make global crypto trades faster

The goal is to reduce Solana’s growing geographic concentration in Europe and introduce multicast functionality.

Stablecoin networks (Unsplash, modified by CoinDesk)

Finance

Blockfills co-founder and CEO Nicholas Hammer has stepped down

The crypto lender suspended client deposits and withdrawals earlier this month due to recent market and financial conditions.

A man runs past a wall-painted exit pictogram toward a door.

Finance

Kraken rolls out crypto-style, 24/7 perpetuals trading for tokenized U.S. stocks

The crypto exchange is bringing U.S. stocks closer to the crypto world, letting users trade derivatives of tokenized stocks around-the-clock and with 20x leverage.

Kraken

Finance

Mark Zuckerberg's Meta is planning stablecoin comeback in the second half of this year

The Facebook owner’s stablecoin integration involves a third party vendor to help administer stablecoin-based payments and a new wallet to be implemented, sources said.

Mark Zuckerberg (Reuters, Modified by CoinDesk)

Markets

Mystery Hong Kong investor in BlackRock's bitcoin ETF breaks silence after $436 million stake sparks controversy

A spokesperson for Laurore said the $436 million IBIT stake “reflects personal investment conviction,” as records link it to a mainland China passport holder.

Question mark on a pile of cards

Finance

Goldman Sachs, Franklin Templeton, and Nicki Minaj: Inside Trump’s surreal Mar-a-Lago crypto summit

Crypto, real estate and politics collided at Trump’s Mar-a-Lago club as insiders debated tokenization and regulation.

World Liberty Forum at Mar-a-Lago. (WLFI)

Policy

Inside the meeting: White House favors some stablecoin rewards, tells banks it's time to move

Sources familiar with the talks on stablecoin yields say the White House urged bankers to get on board with a deal that lets the market structure bill advance.

White House during the day (Jesse Hamilton/CoinDesk)

Finance

Susquehanna-backed Blockfills up for sale after $75 million lending loss

The Chicago-based company said it was temporarily suspending client deposits and withdrawals last week due to recent market and financial conditions.

(Peter Dazeley/Getty Images)