Current Federal Reserve Chairman Jerome Powell will continue to serve on the central bank’s board as governor after his term ends in May. Speaking at a press conference after the central bank’s decision to keep interest rates steady at 3.5%-3.75% on Wednesday, Powell expressed concern about the lawsuit against the central bank, saying it will […]
Former Goldman Sachs crypto head Oliver Harris, who has returned to the TradFi world as JPMorgan’s new blockchain chief, once said he believes tokenization alone will not solve one of finance’s core challenges, warning that putting assets on blockchain rails won’t automatically make them easier to trade. “Tokenization does not equal liquidity,” Harris, who will
JPMorgan’s new blockchain chief warns that tokenization does not equal liquidity Read More »
The latest holding pattern for the bill to fully insert the crypto sector into the US financial system centered on Senator Thom Tillis’ request that bankers be given more time to negotiate the Digital Asset Market Clarity Act’s approach to the contentious topic of stablecoin rewards. It may be over. Tillis told reporters Wednesday that
The U.S. senator keeping tabs on the Clarity Act’s next move says it’s ready to be heard Read More »
Crypto-related stocks tumble across the board on Wednesday, with exchanges taking the biggest hit after Robinhood’s earnings miss and escalating tensions between Iran and the US Robinhood ( HOOD ), a crypto-friendly digital brokerage, fell nearly 14% after it reported a nearly 47% drop in crypto-related revenue in the first quarter late Tuesday. The weakness
The US bid that drove April’s rally is fading. Bitcoins BTC$75,884.94 Coinbase Premium, the difference between the price of Coinbase (COIN) – which caters primarily to US customers – and on offshore exchanges, turned negative this week for the first time since early April, CryptoQuant data shows. The metric ran consistently positive from April 8
What Next As Bitcoin (BTC) Coinbase Premium Turns Negative After 3 Weeks Read More »
Visa ( V ) is expanding its stablecoin push by adding support for five more blockchains as it leans into a multichain approach to global payments. The payments giant said Wednesday that its stablecoin settlement pilot now spans nine networks and has reached an annual run rate of $7 billion, up 50% from the previous
Visa ( V ) expands stablecoin settlement network as volume hits $7 billion run rate Read More »
Roundhill Investments is poised to launch the first US exchange-traded funds (ETFs) linked to prediction markets next week, with two other asset managers preparing similar products. According to a filing with the US Securities and Exchange Commission (SEC), Roundhill will list six funds linked to whether Democrats or Republicans control the White House, Senate and
Wall Street launches first-ever predictive ETFs for US elections 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 2093.01, up 0.7% (+15.25) since 4 PM ET Tuesday. Fourteen of 20 assets are trading higher. Leaders: LTC (+2.4%) and APT (+1.7%). Lagging behind: AAVE (-1.1%) and SUI (-0.4%).
Litecoin (LTC) gains 2.4%, leading the index higher Read More »
Decentralized finance (DeFi) was “bent, not broken” after a $292 million tap on April 18 exposed systemic risks, according to investment bank Standard Chartered. The attack on KelpDAO spilled over into AAVE, the largest DeFi lender, after stolen tokens were used as collateral to borrow other assets. The episode triggered a sharp liquidity crisis, with
DeFi absorbs $292m shock as AAVE-led bailout stabilizes markets: Standard Chartered Read More »
A $20 million funding round led by Mike Novogratz’s Galaxy Digital ( GLXY ) is backing a push to use blockchain behind the scenes to overhaul the $6 trillion asset-backed finance market, where many deals still rely on manual workflows. The round, which included Parafi Capital and Crane Ventures, went to Fence, a startup building
Startup Fence takes aim at the back end of the $6 trillion credit market Read More »
