BJ Top House Democrats sent a letter to the U.S. Treasury Department Wednesday, asking its money laundering watchdog to hand over all suspicious activity reports (SARs) tied to President Donald Trump’s crypto ventures. In a letter sent to Treasury Secretary Scott Bessent, Reps. Gerald Connolly (D-Va.), Joe Morelle (D-N.Y.) and Jamie Raskin (D-Md.) — the ranking … Read more
Stablecoins are shifting from tools for crypto traders to the backbone of global finance and represent a “meaningful innovation for global payments,” Jack McDonald, senior vice president of stablecoins at Ripple, said on Wednesday at Consensus 2025 in Toronto. Speaking at a recent panel alongside crypto exchange Kraken’s head of consumer Mark Greenberg, McDonald argued … Read more
In the absence of a U.S. federal framework, New York’s crypto regulatory regime remains a guide for domestic and international regulators, and that includes Congress, Adrienne Harris, head of the New York Department of Financial Services, said Wednesday at Consensus 2025 in Toronto. Harris said the process to become regulated in her state can be … Read more
“Three trillion is like a mag 7 stock, 20 trillion is an asset class,” said Anthony Scaramucci, founder and CEO of SkyBridge Capital. “So if you tell me that bitcoin can get to $500,000, people will be writing stories that bitcoin is an asset class.” That provocative benchmark from Scaramucci set the tone for a … Read more
Summer Mersinger, one of the Republican commissioners at the Commodity Futures Trading Commission, will soon take over the Blockchain Association as its incoming chief executive, a top official at the association confirmed on Wednesday. The organization, one of the leading crypto lobbying voices in Washington, will be absent a leader when longtime CEO Kristin Smith … Read more
JPMorgan (JPM) took its first step onto a public blockchain network through its Kinexys Digital Payments platform, settling a tokenized U.S. Treasury transaction on Ondo Chain’s testnet. The pilot, detailed in a press release shared with CoinDesk, marks the debut of a Delivery versus Payment (DvP) transaction on the testnet, a new layer-1 blockchain designed … Read more
Global markets are navigating uncertain waters as trade tensions between major economies intensify, creating ripple effects across traditional and cryptocurrency markets. Against this backdrop, Solana has emerged as a standout performer, surging over 5% in a volatile 24-hour period and establishing new support above the crucial $180 level for the first time since February, according … Read more
Messaging app Telegram has closed thousands of channels belonging to suspected Chinese crypto-crime marketplaces after new research shed light on the situation, according to Elliptic. The closure follows a report published by the blockchain analytics firm on Tuesday into the fast-growing Telegram-based marketplace called Xinbi Guarantee. The Colorado-incorporated marketplace has processed over $8.4 billion worth … Read more
Thailand’s Ministry of Finance is set to issue 5 billion baht ($150 million) of its digital investment token – the G-Token, to raise funds from the public, Finance Minister Pichai Chunhavajira said at a Tuesday briefing. This story was originally reported by Bloomberg. The announcement came after the cabinet endorsed the new token’s initiative and … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A momentum indicator, with a strong track record of forecasting major bitcoin (BTC) price moves, has flipped bullish, reinforcing analysts’ recent predictions of a rally to $150K–$200K. The technical analysis indicator is called the Moving Average Convergence Divergence (MACD) histogram, … Read more
