Thank you to our sponsor of this week’s newsletter, Grayscale. For financial advisors near Chicago, Grayscale is hosting an exclusive event, Crypto Connect, on Thursday, May 22. Learn more. In today’s Crypto for Advisors, Tedd Strazimiri from Evolve ETFs writes about the evolution of tokenization and the value it brings to investors. Then, Peter Gaffney … Read more
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Traders looking for tokens that may see accelerated gains as bitcoin (BTC) rallies might want to focus on ether (ETH) and the ratio between bitcoin cash (BCH) and bitcoin. Both have broken prolonged downtrends alongside bullish bottom formations in leading … Read more
Crypto market maker GSR has long positioned itself as a leader in market structure, compliance, and global liquidity. With operations spanning centralized and decentralized platforms, the firm is actively shaping how capital flows through the digital asset ecosystem. Part of the company’s success can be attributed to Josh Riezman, a veteran at GSR and now … Read more
Superstate, the tokenized asset management firm behind the $650 million USTB token, is moving into stock tokenization with a new blockchain-based marketplace for public equities, first available on Solana (SOL). The platform, called Opening Bell and unveiled on Wednesday, allows companies to create tokenized versions of SEC-registered shares—not derivatives or synthetic assets—and trade directly on … Read more
The latest Crypto-and-Congress news is all about the Senate Democrats getting cold feet on the stablecoin bill (the GENIUS Act). The same bill they voted for just two months ago. Why the flip-flop? Because they don’t like Trump and they think the bill will help him profit. Why the Democrats keep hitting “replay” on this … Read more
Coinbase has agreed to pay $2.9 billion to buy bitcoin (BTC) and ether (ETH) options platform Deribit, according to a press release, marking its official push into the highly profitable crypto derivatives market in the U.S. The crypto exchange, alongside competitor Kraken, had been in talks to buy Deribit for months, with Bloomberg reporting that … Read more
The Federal Reserve may not cut interest rates any time soon, but when it does, the easing could be aggressive, according to Dutch investment bank ING. On Wednesday, the Fed kept the benchmark rate on hold between 4.25% and 4.5%, with Chairman Jerome Powell raising the specter of stagflation during the press conference following the … Read more
Stripe is ramping up its stablecoin capabilities, expanding the provision for businesses to receive and hold payments on cryptocurrency rails. Following on from Stripe’s acquisition of stablecoin platform Bridge, the San Francsico-based payments giant has unveiled a new money management service powered by stablecoins. Stablecoin Financial Accounts will enable businesses to hold a balance in … 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 2869.91, up 6.2% (+166.74) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: SUI (+16.4%) and BCH (+15.6%) Laggards: BTC (+3.3%) and LTC (+4.5%). The … Read more
A report by Solidus Labs has revealed the alarming scale of fraudulent activity on the Solana blockchain, with 98.6% of tokens launched on Pump.fun being chalked down as rug pulls or pump-and-dump schemes. More than seven million tokens have been issued on Pump.fun since its inception in January 2024, with just 97,000 of those maintaining … Read more
