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Breaking News

Finance

Crypto exchange Kraken is trying to become a bank in Europe

Kraken's focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans.

Payward and Kraken co-CEO Arjun Sethi. (CoinDesk)

Markets

U.S. payroll growth slowed sharply in June, with only 57,000 jobs added

This morning's data could slow market expectations for a Fed rate hike as soon as this summer or early Fall.

Jobs, hiring (Eric Prouzet/Unsplash)

Markets

Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend

Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.

Strategy Executive Chairman Michael Saylor (CoinDesk)

Markets

Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges

Derivatives markets signal that betting on further slide in prices is getting overcrowded, setting up for a potential snapback.

CoinDesk

Markets

Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital

South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.

CoinDesk

Markets

Fed holds rates steady in first decision under new Chairman Kevin Warsh

The accompanying policy statement and updated economic projections, however, took a hawkish turn.

Kevin Warsh (Getty Images)

Policy

FTX's Sam Bankman-Fried loses appeal of criminal conviction on fraud, conspiracy charges

The onetime FTX CEO did not persuade a panel of judges that his trial was unfair, the appeals court panel ruled Friday.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Finance

Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers

FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.

FalconX CEO Raghu Yarlagadda (FalconX)

Finance

Asset manager Grayscale delays IPO plans as crypto listing boom loses steam

Grayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans.

Grayscale advertisement (Grayscale)

Policy

Google engineer insider-traded search results on Polymarket, Feds allege

The charges mark the second major arrest over insider trading on a prediction market.

A Polymarket contract that Michele Spagnuolo allegedly traded on. (Nikhilesh De/CoinDesk)