CME is diving further into the $85 trillion digital asset market with Nasdaq CME Crypto Index futures
A CME group executive said demand was growing with average daily trading volume in his firm’s suite up 43% year-to-date.
US senators lament not getting bipartisan support, yet on crypto Clarity Act
As US senators launched the long-awaited hearing convened to advance legislation on the crypto market structure, they admitted that there was still a rift between Republicans and Democrats on the latest version of the Digital Asset Market Clarity Act. Thursday’s Senate Banking Committee hearing, known as a “markup” hearing to weigh dozens of amendments to
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Kraken replaces LayerZero with Chainlink for kBTC, future wrapped assets
Kraken said it will replace LayerZero, a protocol for moving cryptoassets across blockchains, with Chainlink’s equivalent after the $292 million bridge exploit that hit liquid replay protocol Kelp last month exposed risks in legacy cross-chain infrastructure. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will be the exclusive cross-chain service for Kraken’s wrapped cryptoassets, including kBTC, its wrapped
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Why bitcoin’s recent surge to $80,000 might just be a temporary liquidity squeeze
Bitcoin’s onchain metrics are flashing their most constructive signals since early February, but underlying seller behavior and derivatives positioning suggest the path to new highs won’t be easy, Bitfinex shared in an analyst note to CoinDesk on Thursday. Long-term owners, whose bitcoin holdings have increased by 300% since the end of 2025 to nearly 4
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Senate Banking Committee Holds Key Hearing on Market Structure Bill
The Senate Banking Committee will hold its markup hearing for the Digital Asset Market Clarity Act — more commonly known as just the Clarity Act — on Thursday, kicking off a key process for the long-awaited market structure bill. During Thursday’s hearing, the 24 senators on the committee will debate and vote on dozens of
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BlackRock, Janus Henderson tokenized funds get instant redemptions with new $1 billion facility
A new liquidity network backed by firms including BlackRock ( BLK ) and Janus Henderson ( JHG ) aims to make the $15 billion tokenized mutual fund market outperform their traditional counterparts. Grove, a blockchain-based credit infrastructure specialist, on Thursday unveiled a facility designed to provide instant stablecoin liquidity to investors exiting tokenized real-world asset
Coinbase (COIN) backs Hyperliquid (HYPE) stablecoin push as DeFi trading volume rises
Coinbase (COIN) is expanding its presence on Hyperliquid (HYPE), one of crypto’s fastest-growing trading networks, by becoming the official treasury deployer of USDC on the blockchain, the companies announced Thursday. The move gives Coinbase a central role in managing USDC liquidity on Hyperliquid through the network’s Aligned Quote Asset, or AQA, framework. The system connects
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Bank of England set to water down ‘overly conservative’ stablecoin proposal: FT
The Bank of England (BOE) is set to ease proposed restrictions on stablecoin holdings following pressure from participants in the digital asset industry, the Financial Times (FT) reported on Thursday. Sarah Breeden, deputy governor for financial stability, said the central bank’s original plans to limit individuals to owning up to 20,000 pounds ($27,000) per coin
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Cerebra’s IPO fuels AI stocks as crypto loses investor attention
Cerebras Systems priced its IPO at $185 a share on Wednesday night, targeting a $5.5 billion raise and valuing the AI chipmaker at $40 billion, according to the Financial Times. The company, a maker of chips purpose-built for the workloads that power tools like Claude Code and ChatGPT, was valued at $8.1 billion just eight
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Moody’s assigns AAA rating to Fidelity and BlackRock’s tokenized money market funds
Moody’s assigned its highest credit rating to tokenized money market funds from Fidelity and BlackRock, validating their safety as yield-bearing onchain products. The AAA-mf rating signals an extremely strong ability to ensure high liquidity and capital preservation and the lowest level of risk. Fidelity’s FILQ fund debuted on May 6. The product is powered by
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