BJ Digital bank Revolut’s profits surpassed 1 billion pounds ($1.33 billion) in 2024, thanks in part to a big jump in revenue from cryptocurrency trading. The London-based fintech group’s wealth revenue increased 298% from 127.1 million pounds to just over 500 million pounds in the full year 2024. Revolut’s wealth business includes cryptocurrency, commodities, trading, and … Read more
Restaking protocol Ether.fi said it plans to add banking services that will see it become a decentralized finance (DeFi) neobank. The ether.fi app will give users the experience of a traditional fintech app, allowing them to spend, save and earn money through linked crypto features including restaking. The app will allow bill payments and payroll … Read more
Polygon has launched the Agglayer Breakout Program to support projects building on the Agglayer and Polygon proof-of-stake (PoS) ecosystems in a boost for POL token stakers. The program combines incubation and community-focused funding to help founders develop and launch projects, with successful “graduates” airdropping 5%-15% of their native token supply to POL stakers and integrating … Read more
Crypto trading infrastructure startup, Theo, has raised a $20 million round co-led by Hack VC and Anthos Capital. Other participants included crypto-native firms and individual investors affiliated with traditional trading companies such as Citadel, Jane Street, and JPMorgan. Theo is developing a system that allows retail users to deposit digital assets into strategy-specific vaults, according … 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 2687.87, down 1.3% (-36.46) since 4 p.m. ET on Wednesday. Two of 20 assets are trading higher. Leaders: POL (+9.1%) and SUI (+1.9%). Laggards: UNI (-3.8%) and BCH (-3.0%). … Read more
At a time when countless crypto projects are awkwardly pivoting toward artificial intelligence, Eric Winer has spent over a decade building bridges between cutting-edge technology and everyday users. Now, as CTO of NEAR AI, he’s pursuing a vision where AI agents negotiate, communicate, and transact on our behalf — a vision that could fundamentally reshape … Read more
Tether, the issuer of the world’s largest stablecoin, has raised its stake in the Juventus Football Club to over 10% after expanding its stake in the Italian giant earlier this month. This latest move gives Tether Investments S.A. de C.V., the firm’s investment arm, 6.18% of voting rights. That cements Tether as a significant shareholder … Read more
CME Group is rolling out XRP futures on May 19th as it continues to expand its suite of cryptocurrency products, the world’s largest derivatives exchange, said in a press release. Pending regulatory approval, traders will be able to trade two contract sizes: 2,500 XRP and 50,000 XRP. The contracts will be cash-settled and based on … Read more
With Canada’s federal election less than one week away, Canadians are closely watching how political leaders intend to address digital assets. Millions of Canadians hold, use, or work in crypto, making it a growing focal point for economic growth and innovation. This politically prominent and growing community is shaping conversations about the future of finance, … Read more
Russia’s finance ministry and central bank are set to unveil a crypto exchange for “highly-qualified” investors, news agency Interfax reported on Wednesday. The exchange will “legalize crypto assets and bring crypto operations out of the shadows,” Finance Minister Anton Siluanov said during a ministry board meeting, according to the report. “Naturally, this will not happen … Read more
