Cyptocurrency

Biden Likely to Win Popular Vote, but Not Presidency, Prediction Market Signals

This week in prediction markets: Joe Biden likely will win the popular vote – but not the election, Polymarket prices signal. The incumbent U.S. president isn't accepting crypto donations (yet). Barron Trump’s alleged involvement with the Martin Shkreli-backed DJT token is…

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Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners

Coatue Management is investing $150 million in crypto miner Hut 8 to build AI-related infrastructures The deal benefited HUT's shares as well as other bitcoin mining-related data-center stocks such as SHLN, APLD. Coatue is also behind CoreWeave, a cloud-computing firm that…

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Jump’s Kariya, Who Went From Intern to Crypto Leader, Is Leaving Trading Giant

Kanav Kariya, who ascended from intern to the head of cryptocurrencies at Chicago-based trading heavyweight Jump Trading by the age of 25, has left the company. The news follows a Fortune report last week that the U.S. Commodity Futures Trading Commission…

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Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board

Bitcoin miner Riot Platforms (RIOT) dropped its proposal to buy peer Bitfarms (BITF) and is looking to overhaul the board before engaging in further takeover attempts. "Over the course of more than a year of attempting to engage constructively with the…

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Protocol Village: Metis Starts Community Selection for Sequencer Node Operators

June 24: Metis, an Ethereum layer-2 network, planned to announce the opening of a community selection process for its first batch of external sequencer node operators, "becoming the first L2 to enable shared ownership and control of a critical piece of…

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Kraken’s Derivatives Arm Joins Copper’s Crypto Settlement Network

Kraken MTF offers coin-collateralized futures contracts across bitcoin, ETH, XRP, litecoin and bitcoin cash. ClearLoop provides off-exchange connectivity via single wallet access to OKX, Bybit, Deribit, BIT, Gate.io, Bitfinex, Bitget and PowerTrade, with Bitstamp and Bitmart soon to go live. Crypto…

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Kraken’s Derivatives Arm Joins Copper’s Crypto Settlement Network

Kraken MTF offers coin-collateralized futures contracts across bitcoin, ETH, XRP, litecoin and bitcoin cash. ClearLoop provides off-exchange connectivity via single wallet access to OKX, Bybit, Deribit, BIT, Gate.io, Bitfinex, Bitget and PowerTrade, with Bitstamp and Bitmart soon to go live. Crypto…

Continue ReadingKraken’s Derivatives Arm Joins Copper’s Crypto Settlement Network

Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

Bitcoin miners are seeing an influx of investor interest following Core Scientific's AI deal with CoreWeave, the report said. Iris Energy is best positioned to take advantage of the growing HPC/AI opportunity. Investors are waking up to the alternative use cases…

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Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

Bitcoin miners are seeing an influx of investor interest following Core Scientific's AI deal with CoreWeave, the report said. Iris Energy is best positioned to take advantage of the growing HPC/AI opportunity. Investors are waking up to the alternative use cases…

Continue ReadingBitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan

Don’t Tell Anyone, but Private Blockchains Handle Over $1.5T of Securities Financing a Month

Financial technology consultancy Broadridge says it handles $50 billion a day of repurchase agreements involving big banks on its permission-only DLR platform. Europe-focused securities finance private blockchain firm HQLAx says its platform can save banks as much as 100 million euros…

Continue ReadingDon’t Tell Anyone, but Private Blockchains Handle Over $1.5T of Securities Financing a Month

Don’t Tell Anyone, but Private Blockchains Handle Over $1.5T of Securities Financing a Month

Financial technology consultancy Broadridge says it handles $50 billion a day of repurchase agreements involving big banks on its permission-only DLR platform. Europe-focused securities finance private blockchain firm HQLAx says its platform can save banks as much as 100 million euros…

Continue ReadingDon’t Tell Anyone, but Private Blockchains Handle Over $1.5T of Securities Financing a Month

Majority of Japanese Institutional Investors Plan to Invest in Crypto in Next Three Years: Nomura Survey

54% of firms surveyed said they planned to invest in crypto in the next three years. A quarter of respondents said they had a positive impression of digital assets. The preferred allocation to crypto was between 2%-5% of AUM, investors said.…

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This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs

Crypto majors such as SOL, AVAX, APT, SUI saw 40% to 70% corrections over the past months, weighing on altcoin sentiment, while BTC and ETH are down only 15% from their yearly highs. Venture funds are under pressure to sell tokens…

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McKinsey Sees Just $2T of Tokenized RWAs by 2030 in Base Case, With Broad Adoption ‘Still Far Away’

Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report. Many institutions are still in "wait and see" mode while early movers can capture "oversized market share," the report added. The…

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Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet

Michael Dell, CEO of $100-billion-plus market cap Dell Technologies (DELL), showed at least some vague interest in bitcoin (BTC), recirculating a BTC-friendly post on X from Bitcoin evangelist Michael Saylor. It started Thursday when Dell posted, "Scarcity creates value." That prompted…

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Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet

Michael Dell, CEO of $100-billion-plus market cap Dell Technologies (DELL), showed at least some vague interest in bitcoin (BTC), recirculating a BTC-friendly post on X from Bitcoin evangelist Michael Saylor. It started Thursday when Dell posted, "Scarcity creates value." That prompted…

Continue ReadingBillionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet

Meme Coin Liquidity Hits Record High Even as Bid-Ask Spread Spotlights Risk

Record liquidity, measured by 1% market depth, suggests ease in executing orders and stable prices. Nevertheless, bid-ask spreads remain elevated, a sign the tokens are still considered relatively risky. Executing trades in prominent meme coins is easier than ever now that…

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Meme Coin Liquidity Hits Record High Even as Bid-Ask Spread Spotlights Risk

Record liquidity, measured by 1% market depth, suggests ease in executing orders and stable prices. Nevertheless, bid-ask spreads remain elevated, a sign the tokens are still considered relatively risky. Executing trades in prominent meme coins is easier than ever now that…

Continue ReadingMeme Coin Liquidity Hits Record High Even as Bid-Ask Spread Spotlights Risk

First Mover Americas: Bitcoin Falls Below $64K Following $900M in ETF Outflows

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices (CoinDesk) Top Stories Bitcoin fell to its lowest in over a…

Continue ReadingFirst Mover Americas: Bitcoin Falls Below $64K Following $900M in ETF Outflows

First Mover Americas: Bitcoin Falls Below $64K Following $900M in ETF Outflows

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices (CoinDesk) Top Stories Bitcoin fell to its lowest in over a…

Continue ReadingFirst Mover Americas: Bitcoin Falls Below $64K Following $900M in ETF Outflows

U.S. Lawmakers Visit Detained Binance Exec in Nigeria, Call for Release

Rep. French Hill and Rep. Chrissy Houlahan visited Tigran Gambaryan in Kuje prison. Hill asked the U.S. embassy to advocate for the humanitarian release of the Binance executive. Gambaryan has been detained in Nigeria since February. U.S. lawmakers Rep. French Hill…

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