Cryptocurrency debit card firm Baanx has partnered with Visa to launch stablecoin payment cards tied to self-custodial wallets, starting in the U.S. with Circle’s USDC dollar pegged token, the companies said. The Visa cards enable holders to spend USDC directly from their crypto wallets, using smart contracts to move a stablecoin balance upon card authorization … Read more
Imagine your investments working around the clock, scanning global markets for the best opportunities — all without you having to lift a finger. Sound futuristic? It’s already a reality. In traditional finance (TradFi), algorithms handle nearly 70% of U.S. stock trades. Now, artificial intelligence (AI) agents are stepping up. These aren’t just basic bots but … Read more
What if there were a crypto protocol that specialized in arbitrating on-chain disputes? Imagine if, whenever prediction markets like Polymarket settled in a controversial manner, users had a formal way to appeal through a sort of neutral on-chain court system. Or if decentralized autonomous organizations (DAOs) could rely on an efficient, knowledgeable third party to … Read more
Mainstream conversations around digital assets largely focus on the dramatic price performance of bitcoin and ether. For years, retail and institutional investors have targeted beta exposure, or returns that mirror the broader crypto market. However, the introduction of products like bitcoin exchange-traded funds (ETFs) and exchange-traded products (ETPs) have made achieving beta more accessible, with … Read more
Eric Trump, son of U.S. President Donald Trump and executive vice president of the Trump Organization, said banks will need to utilize blockchain technology if they want to survive the next decade. “The modern financial system is broken, it’s slow, it’s expensive,” he said in an interview with CNBC on Wednesday. “There’s nothing that can … Read more
The Crypto Council for Innovation is making a case with the U.S. Securities and Exchange Commission that staking is not only a virtue for digital asset markets, but it should be hands-off for the securities regulator. The group — a coalition of staking interests, including Kraken, a16z, Lido, Galaxy, Figment, Polychain and Paradigm — argued … Read more
What one hour ago was looking like another positive day in markets has turned decidedly negative as the latest economic data fueled growing stagflation fears. First up was ADP jobs numbers for April. Coming two days ahead of the government’s own employment data for April, the ADP report showed just 62,000 private sector jobs created … Read more
Strategists for two U.S. bills meant to create an oversight regime for crypto are setting out plans this week to pass legislation in the summer, Bo Hines, the White House official at the center of those efforts, told CoinDesk. Hines, who President Donald Trump hired as executive director of the Presidential Council of Advisers for … 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 2733.26, down 2.0% (-57.08) since 4 p.m. ET on Tuesday. One of 20 assets is trading higher. Leaders: POL (+0.2%) and BTC (-0.6%). Laggards: AAVE (-4.7%) and XRP (-4.0%). … Read more
Coinbase (COIN) filed a brief in the U.S. Supreme Court case involving an Internal Revenue Service request for data on hundreds of thousands of its customers back in 2017, arguing the court should “protect Americans’ privacy interests in digital information stored by third-party service providers.” The U.S. tax agency — in an action during the … Read more
