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


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.

Ethereum Logo

Tech

EthLabs launches as Ethereum undergoes its biggest leadership transition in years

In this week's edition of The Protocol Newsletter, we’re diving into the creation of EthLabs, and why it was launched during a period of transition for the ecosystem.

Blockchain (Shubham Dhage/Unsplash)

Policy

Europe's MiCA rollout sparks debate over who wins under new crypto rules

As Europe's crypto rulebook takes full effect, industry leaders agree regulation is here to stay, but disagree over whether it protects consumers or favors the biggest firms.

ESMA offices. (ESMA/Media)

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Opinion

Europe is closing the door on offshore crypto, but it’s leaving the riskiest window open

MiCA was never meant to address the giant crypto derivatives market. That could pose a serious problem, says Patrick Gruhn, founder and chief executive of Perpetuals.com.

Open window (Getty Images/Mo Elnadi)

Markets

Morpho poised to scale as DeFi infrastructure play, Standard Chartered says

The bank initiated coverage of Morpho with a $60 end-2030 price target, saying its DeFi lending and onchain infrastructure businesses are positioned to benefit from tokenization growth.

Paul Frambot, CEO Morpho Labs (Morpho)