BJ Venture capital firm a16z Crypto has led a $7 million seed round for KYD Labs, a blockchain-based ticketing platform aimed at giving artists and venues control over ticket sales, fan data, and revenue. The investment comes as KYD looks to expand its presence in the live event space, already showing success at iconic venues like … Read more
MoonPay has partnered with Mastercard to let users spend stablecoins at more than 150 million merchants worldwide, the company announced on Thursday. The integration means that users of “every crypto wallet” will be able to access virtual Mastercards that draw directly from their stablecoin balances. The cards can be used at any merchant in Mastercard’s … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3216.65, down 2.4% (-79.51) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: BTC (-0.9%) and LTC (-1.8%). Laggards: NEAR (-5.7%) and POL … Read more
Several exchanges including Binance and Korean platform Coinone have listed NEXPACE (NXPC), leading to a 115% surge in the token’s value on the back of $1 billion in trading volume in the first three hours of trading. NEXPACE is a PC role-playing game that features on-chain item ownership. It is the the blockchain arm of … Read more
Bitcoin’s (BTC) dominance rate has dropped notably this month, sparking hopes for a full-blown alt season or period where the bull market spreads beyond BTC, lifting valuations in other sectors of the digital assets market. Joao Wedson, CEO and founder of crypto data analysis platform Alphractal, expects a full-blown alt season to unfold in June. … Read more
Telegram has shut down the illicit marketplace Haowang Guarantee, formerly Huione Guarantee, which has facilitated transactions totaling over $27 billion in stablecoins since 2021. Haowang was shut down based on insights provided by blockchain analytics firm Elliptic on Tuesday. The closure took place amidst a crackdown on thousands of suspected Chinese crypto-crime channels operating on … Read more
ARK Invest didn’t wait around to add eToro (ETOR) to its portfolio. Cathie Wood’s St Petersburg, California-based investment management company bought 140,000 shares in eToro on the stock-and-crypto trading platform’s Nasdaq debut on Wednesday. ARK’s ETOR allocation is worth just under $9.4 million, based on the closing price of $67. The shares rose 29% on … Read more
Major tokens such as dogecoin (DOGE), cardano (ADA), and solana (SOL) slipped more than 5% in the past 24 hours as traders moved to lock in some profits after a strong week-long rally. The broader crypto market surged alongside risk assets last week, fueled by macroeconomic tailwinds and renewed investor optimism, but signs are emerging … Read more
Jim Chanos, the veteran investor who made his name shorting Enron, is betting on bitcoin (BTC) trade while shorting Strategy (MSTR), the largest corporate holder of the biggest cryptocurrency. In an interview at the Sohn Investment Conference in New York with CNBC, Chanos detailed the bet. “We’re selling MicroStrategy stock and buying bitcoin,” Chanos said, … Read more
Caroline Pham, the acting chairman of the U.S. Commodity Futures and Trading Commission, has openly discussed an intention to leave the commission once she’s permanently replaced, people familiar with her plans have said, leaving significant questions about the future track of agency policy. If President Donald Trump’s nominee for the chairmanship, former Commissioner Brian Quintenz, … Read more
