Cheyenne Ligon

Cheyenne is a features and opinions editor at CoinDesk. Previously, she covered U.S. policy and regulation, with a focus on court proceedings and crime. She was part of the Gerald Loeb award-winning team that chronicled the downfall of FTX's Sam Bankman-Fried. She has no significant crypto holdings.

Cheyenne Ligon

Latest from Cheyenne Ligon


Finance

Circle’s USDC is leaving Tether behind in the stablecoin volume race, new data from Visa shows

As Wall Street banks adopt digital currencies for faster settlements, overall trading volume spiked 63% in just a single month.

Visa offices. (Media/Visa)

Tech

Ethereum developers embrace Vitalik Buterin's long-term vision but urge quicker execution

The "Lean Ethereum" strawmap, updated earlier this week, has gained support from many of the network's researchers, though several say the biggest challenge won't be deciding what to build, but how quickly it can happen.

Vitalik Buterin

Web3

DeFi protocol Summer.fi halts Lazy Summer vaults after $6 million exploit

The protocol’s SUMR token fell by over 18% after the incident.

Beach in the summer (Sean Oulashin/Unsplash)

Policy

Clarity and Congress's summer break: State of Crypto

All parties are still optimistic that Clarity can happen before the midterms, but time is really starting to run out.

U.S. Capitol, the seat of Congress in Washington (Jesse Hamilton/CoinDesk)

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Opinion

Collateral, not yield, will decide which stablecoins win

As yield-bearing stablecoins race toward a $50 billion market capitalization, the industry is optimizing for the wrong metric, argues Artem Tolkachev, chief RWA officer at Falcon Finance.

Bars of gold in a bank vault (Getty Images/Antoinette Norcia)

Tech

How ethical hackers with just a $3,000 server found a flaw that could've put $70 billion in crypto at risk

A critical flaw in the Aptos blockchain, which was patched, gave researchers a near-90% success rate at breaking a core security guarantee, with attack costs of just hundreds of dollars.

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

Markets

Bitwise says STRC selloff signals crypto cycle nearing a bottom, not Strategy’s breaking point

Bitwise said STRC's volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin's biggest buyer.

Bitwise CIO Matt Hougan. (Bitwise/Press)

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Markets

JPMorgan says Strategy's bitcoin sales policy adds 'two-way risk' to crypto markets

The bank said Strategy's bitcoin sales policy adds avoidable market uncertainty and should be replaced with equity issuance to build cash reserves.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

Policy

Ethereum Foundation lays out use cases for governments, institutions in new policy guide

The Ethereum Foundation said policymakers should distinguish between decentralized public blockchains and networks that remain controlled by corporations or foundations, arguing that governance structures will play a critical role in determining which platforms are suitable for long-term public sector use.

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