Coinbase Asset Management is rolling out a new fund for institutions to receive a yield on their bitcoin (BTC) holdings. Opening on May 1 for non-US institutional investors, the Coinbase Bitcoin Yield Fund aims to deliver a 4% to 8% annualized net return, according to a press release on Monday. Among those backing the fund, … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) added another 15,355 BTC to its balance sheet over the past week, spending about $1.42 billion on the purchase, or an average price of $92,737 per bitcoin, according to a filing published on Monday. The company’s bitcoin holdings have now risen … Read more
Did AI write the sentence that you’re reading right now? Did AI create the photograph you just saw online? Was the shocking, controversial story that tipped an election actually real, or AI-fueled misinformation? These are questions Clara Tsao has wrestled with for years, ranging from protecting national security (where she was the CTO of a … Read more
Political bettors on Polymarket and other platforms are paying attention to Canada as the nation heads to the polls. As the country’s 45th election comes to a close, a contract asking bettors to predict who will be Canada’s next Prime Minister gives the Liberal Party’s Mark Carney a 78% chance, and the Conservatives’ Pierre Poilievre … 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 2800.9, up 1.3% (+34.92) since 4 p.m. ET on Friday. Nine of 20 assets are trading higher. Leaders: XRP (+5.8%) and SUI (+5.2%). Laggards: BCH (-6.2%) and UNI (-4.8%). … Read more
Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered’s Geoff Kendrick said in a report Monday. Kendrick sees the world’s largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of … Read more
Ethereum Foundation researcher Dankrad Feist on Sunday filed the Ethereum Improvement Proposal 9698, a plan to let the blockchain’s gas limit grow on autopilot over the next four years. Feist is best known in crypto circles for his efforts in scaling the Ethereum network. The “danksharding” element of the network’s Dencun update was named after … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) was little changed Monday, adding less than 1% amid renewed trade tensions and concerns of geopolitical instability that spread into the Indian subcontinent, where India and Pakistan are exchanging small-arms fire. The cryptocurrency rose 0.75% in the past 24 hours, turning positive for the … Read more
Crypto lender Nexo said it is reentering the U.S., marking a comeback two years after regulatory friction forced its exit. “America is back and so is Nexo,” Co-founder Antoni Trenchev said at a press event Sunday in Bulgaria with Donald Trump Jr., crediting what he described as a more favorable environment for innovation under the … Read more
On-chain researcher ZachXBT may have determined why privacy coin Monero (XMR) surged as much as 40% early Monday: Someone probably got hacked. ZachXBT reported that 3,520 bitcoin (BTC) ($330.7 million) was drained from an address and then swapped for XMR. Market data shows a spike in volatility coming from an excess in buy orders for … Read more
