Bitcoin (BTC) was treading water just below $85,000 late Thursday as tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell added another layer of uncertainty for investors. Markets dipped on Wednesday after hawkish comments from Powell, who criticized Trump’s tariffs policy, saying that it would likely result in a slowing economy and … Read more
Crypto exchange giant Kraken has laid off hundreds of staffers across all areas of the business over the past several months, as the firm continues to streamline its operations ahead of a potential public listing in the U.S., according to two people familiar with the situation. Kraken was reported to have laid off 400 staff, … Read more
Hidden Road, the prime brokerage firm that’s being acquired by Ripple, has obtained approval to operate as a U.S. broker-dealer from the Financial Industry Regulatory Authority (FINRA), the company said Thursday. The license, granted to its subsidiary Hidden Road Partners CIV US LLC, will allow the firm to expand its fixed income prime brokerage platform, … Read more
Kyrgyzstan President Sadyr Japarov took his country a step closer to issuing its own central bank digital currency Thursday, signing legislation that gives the “digital som” legal status. The central Asian country is still deciding whether or not to issue a CBDC, but Thursday’s amendments to the Constitutional Law of the Kyrgyz Republic ensures that … Read more
Global economic tensions and trade policy uncertainties continue to create volatility in the crypto market, with SOL navigating these challenges better than many alternatives. Solana token’s price rose more than 4% on Thursday, while the broader market gauge, CoinDesk 20, rose about 3%. The $125-$127 range for SOL has emerged as a critical support zone … Read more
Interoperability protocol LayerZero’s native token (ZRO) surged Thursday on news that venture capital firm Andreessen Horowitz’s (a16z) crypto arm increased its investment in the project. The company acquired additional $55 million ZRO tokens committing to a 3-year lock-up period, general partner Ali Yahya said in an X post. A16z has been an early backer of … Read more
Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors’ funds. According to an FBI complaint filed on Tuesday in the Southern District of New York, Kim “fraudulently induced investors to invest in Zero Edge, a cryptocurrency technology company he founded, and then misappropriated … Read more
VanEck is bringing an actively-managed exchange-traded fund (ETF) tracking digital asset stocks to the market after receiving approval from the U.S. Securities and Exchange Commission (SEC). The VanEck Onchain Economy ETF (NODE) will aim to hold 30-60 stocks, VanEck’s head of digital asset research Matthew Sigel, said in a post on X.The management fee will … Read more
In today’s crypto for advisors, Todd Bendell from Amphibian Capital breaks down bitcoin yield products as a strategy to grow bitcoin holdings beyond price appreciation. Then, Rich Rines, an initial Core DAO developer, provides guidance to Bitcoin developers in Ask an Expert. Exclusive event alert for financial advisors: Join CoinDesk for Wealth Management Day on … Read more
Decentralized finance (DeFi) protocol Ethena and tokenization firm Securitize said they will use part of Arbitrum’s tech and data availability network Celestia for their real-world asset focused, Ethereum-compatible blockchain, aiming to launch mainnet in the second quarter of this year. The Converge chain is setting out to have fast blocktimes, allowing users to pay gas … Read more
