Welcome to our institutional newsletter, Crypto Long & Short. This week: Jennifer Rosenthal on the need to protect the people who actually build DeFi infrastructure. Alexis Sirkia on how Ethereum’s L2 strategy is failing due to a fundamental design flaw. Top headlines institutions should be aware of by Francisco Rodrigues. Aave’s market share falls after […]
Protecting the people who build DeFi infrastructure Read More »
Network news KELP DAO EXPLOIT: A cross-chain bridge that holds nearly a fifth of a resumed ether token’s circulating supply has just been drained, and the fallout is moving through DeFi faster than the Kelp DAO can pause contracts. An attacker drained 116,500 rsETH (reclaimed ether) from Kelp DAO’s LayerZero powered bridge at 17:35 UTC
Kelp DAO leveraged for $292 million Read More »
The crypto industry often finds bankers involved in its top-priority regulatory efforts, and this time a coalition of banking trade associations has asked the US Treasury Department to extend the window in which the public can weigh in on the implementation of last year’s Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. In
Banks seek to slow implementation of crypto’s GENIUS law on stablecoin oversight Read More »
Crypto trading firm GSR has launched its first exchange-traded fund (ETF), tapping into a fast-growing segment of the digital asset market as investor demand for regulated crypto exposure continues to rise. The GSR Crypto Core3 ETF, which trades under the ticker BESO on the Nasdaq, offers exposure to three major cryptocurrencies, including bitcoin BTC$78,890.35ether (ETH)
Strategy’s ( MSTR ) perennial favorite, STRC, is now one week past its April 15 ex-dividend date. With bitcoin BTC$79,296.86 now at $79,000, this is the first time in six months that BTC has risen in the week following the payout event. At the time of the ex-dividend date, bitcoin was around $75,000, highlighting continued
Bitcoin breaks Strategy’s STRC ex-dividend date decline for the first time in six months Read More »
The UK’s Financial Conduct Authority (FCA) has carried out its first coordinated crackdown on illegal peer-to-peer crypto trading, targeting eight locations across London in a joint operation with His Majesty’s Revenue & Customs (HMRC) and the South West Regional Organized Crime Unit (SWROCU). Officers issued cease-and-desist notices at each location and collected evidence that is
UK FCA cracks down on eight illegal peer-to-peer trading centres Read More »
Miners HIVE Digital ( HIVE ) and Keel Infrastructure ( KEEL ) are doubling down on artificial intelligence (AI) infrastructure, continuing the theme of a broader shift across the sector away from bitcoin BTC$79,063.44 mining only. HIVE raised $115 million through a zero-interest convertible note offering, with the proceeds earmarked to expand its global data
AI pivot accelerates as HIVE raises fresh capital and Keel reshapes portfolio 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 2157.12, up 3.4% (+71.19) since 4 PM ET Tuesday. All 20 assets are trading higher. Leaders: APT (+5.5%) and ICP (+5.3%). Laggards: XLM (+0.9%) and CRO (+1.9%). The CoinDesk
Aptos (APT) is up 5.5%, leading the index higher Read More »
Crypto exchange Kraken says it filed 56 million crypto transaction forms with the US Internal Revenue Service (IRS) for tax year 2025. About 18.5 million of them covered transactions worth less than $1, and over half were for $10 or less. Only 8.5% of the newly introduced Form 1099-DAs cleared $600, the threshold that triggers
Kraken submitted 56 million crypto tax forms for 2025. A third were under $1 Read More »
A Polymarket contract on whether the Kelp DAO will spread the losses from this weekend’s $292 million exploit beyond those directly affected points to a clear answer: probably not. Bettors give a 14% chance that Kelp will “socialize the losses” or implement a mechanism that forces rsETH holders on Ethereum who were not hit to
Polymarket traders do not see Kelp socializing losses after $292 million exploitation Read More »
