Sheldon Reback

Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble and collapse. He managed the Bloomberg Terminal's main news page and worked on a global project to produce short, chart-based stories across the newsroom. Before that, he worked for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.

Sheldon Reback

Latest from Sheldon Reback


Finance

JPMorgan says Hyperliquid's rise threatens Circle's USDC economics

Hyperliquid's deal with Circle and Coinbase creates a "prisoner's dilemma" that puts pressure on earnings from the dollar-pegged stablecoin.

Jeremy Allaire Circle CEO (The Washington Post / Getty Images)

Markets

For pension funds, tokenization’s real play is balance-sheet management, Fidelity’s Lai says

Fidelity International’s Giselle Lai argues that the most compelling long-term use case for tokenized funds is balance-sheet management for large, global institutions, not 24/7 liquidity.

A spreadsheet printout lies on top of a calculator

Finance

ECB picks firms including Deutsche Bank, Revolut for digital euro pilot

The pilot will test a beta version of the digital euro for online, offline, in-store, and e-commerce payments with ECB and central bank staff as users.

The European Central Bank Building.


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Markets

Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto

Bitcoin consolidated after Monday's selloff as Donald Trump threatened more Iran strikes, gold extended its slide and a KOSPI index meltdown sent South Korean crypto volumes soaring.

Bitcoin price (CoinDesk)

Markets

Bitcoin panic-selling may be ending as sellers' profit margins disappear

Analysts point to bitcoin’s resilience amid fresh U.S.-Iran escalation and renewed spot ETF inflows as the clearest signs yet that the marginal seller has stepped away.

Computer monitors and a laptop screen show trading charts on a desk overlooking an expanse of water at sunset. (sergeitokmakov/Pixabay)

Policy

UK Treasury report on tokenization cites Ripple as convergence model

A Treasury-backed report targets putting repo, gilts and funds onchain within two years, and warms to permissionless networks that firms like Ripple have been building on.

A man seated on a sofa works on a laptop under a Ripple Labs sign. (Ripple Labs)

Finance

SBI Holdings' blockchain initiative pivots to Solana for tokenization, stablecoin issuance

The SBI Solana Global joint venture now includes the Solana Foundation, the Swiss organization that oversees the layer-1 network.

Tokyo, Japan (thetalkinglens/Unsplash)

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Markets

Profit-taking, MidEast hostilities drag crypto lower after bullish week

Crypto's weekend gains gave way to a Monday selloff as Middle East tensions resurfaced, South Korea's Kospi lost 9.2% and $253 million in leveraged positions were wiped out.

Bitcoin price (CoinDesk)