Market
Why Iran wants crypto for Strait of Hormuz tolls
Iran is now accepting bitcoin and stablecoins from cargo ships transiting the Strait of Hormuz, charging $1 per barrel of oil. Experts say the move fits into the IRGC's existing crypto-based sanctions evasion network, which has facilitated billions in cross-border trade. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Invesco takes over Superstate’s $900M fund; Franklin Crypto in focus
On this episode of CoinDesk’s Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by 250 Digital Asset Management CEO Chris Perkins to discuss his firm’s acquisition by Franklin Templeton. Superstate CEO Robert Leshner and Invesco’s Kathleen Wrynn break down their partnership, with Invesco becoming the investment manager of Superstate’s Short Duration US Government Securities Fund (USTB). Plus, NYSE Senior Market Strategist Michael Reinking unpacks the macro environment.
Lawmakers outraged over "disgusting" war bets on Polymarket
Polymarket removed a betting market on the rescue of U.S. service members in Iran after lawmakers criticized it for reducing a military operation to a financial trade. Will this incident add to the pressure prediction markets face in Washington? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Market structure bill delayed as crypto, banks meet lawmakers
Crypto and banking leaders are meeting with legislative staffers to hash out the future of U.S. stablecoins. The market structure bill is now delayed again and the fight over yield isn't the only hurdle as lawmakers finalize on DeFi regulations and concerns over President Trump's family crypto projects. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Why Jack Dorsey thinks AI will replace middle managers
Block CEO Jack Dorsey argues that his company's decision to cut approximately 40% employees was not a cost reduction but a permanent restructuring to replace middle managers with AI. But current and former Block employees are pushing back, saying that roughly 95% of AI-generated code changes still require human modification. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Why Did Fed Inject $29.4B in Liquidity And What Does It Mean for Bitcoin?
While the move helps avoid potential liquidity crises that could damage financial markets, it falls short of being as stimulative to risk assets as the Fed's other moves, such as QE.
What Bitcoin Chart Says About BTC Price After Powell Casts Doubt on December Cut?
BTC is down but not out following Powell's hakwish commentary on rates.
Prediction Market Kalshi Sues New York Regulator Over Sports Contracts Ban
Kalshi argues that the CFTC has exclusive jurisdiction over derivatives on federally regulated exchanges, and state interference would fragment the system.
Binance to Compensate Users Affected by Crash in wBETH, BNSOL, and Ethena’s USDe
Wrapped tokens crashed as Binance's infrastructure buckled, making it harder for market makers to stabilize prices.
Ether, Dogecoin, Bitcoin Plunge Sees $900M in Bullish Bets Liquidated
“This sharp move appears to be the result of overleveraged positioning, particularly following ETH’s recent run-up, and an overnight dip in the S&P 500, which weighed on risk assets more broadly,” a trader note said.
