By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin BTC$88,067.04 rose above $88,000 even after the Bank of Japan raised interest rates to the highest in nearly 30 years, a move that would have been expected to strengthen the yen and make the carry trade less attractive. Instead, the currency weakened on concerns that […]
: Crypto Diary Americas Read More »
The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion collapse, according to the Wall Street Journal. Todd Snyder, tasked with winding down what’s left of the crypto empire, is seeking $4 billion in damages from the
Terraform’s Bankruptcy Boss Sues Jump Trading For $4B Over Terra Crash Read More »
Ripple said it deepened its relationship with brokerage firm TJM Investments by buying a minority stake that takes it further into the behind-the-scenes infrastructure that institutions use to trade and settle assets. Ripple will support trading and clearing of TJM, a US-regulated broker-dealer, as part of the arrangement. The companies have not disclosed financial terms.
the XRP affiliate expands its institutional trading push Read More »
Coinbase (COIN), the crypto exchange that plans to add prediction markets to its platform, is taking legal action in Connecticut, Illinois and Michigan over the states’ attempts to regulate those markets. The company filed the lawsuits to “confirm what is clear,” Chief Legal Officer Paul Grewal wrote in a post on X on Friday: that
Japanese bitcoin treasury company Metaplanet (3350) said its American depositary receipts (ADRs) will begin trading on Dec. 19 in the US over-the-counter (OTC) market under the ticker MPJPY. The securities are designed to improve access, transparency and operational efficiency for US-based investors in the fourth largest corporate owner of bitcoin BTC$88,094.30. They will replace existing
Metaplanet (3350) launches sponsored ADR program to woo US investors over the counter Read More »
Bybit, the second-largest cryptocurrency exchange by volume, said it has returned to the UK two years after tougher rules surrounding the promotion and marketing of crypto services forced it out. The company, which boasts around 80 million users worldwide, restarted UK services including spot trading on 100 currency pairs on Thursday, the company said. The
PayPal (PYPL) is expanding the role of its PYUSD stablecoin for financing artificial intelligence, connecting it to onchain financing mechanisms developed by USD.AI, a stablecoin protocol that provides credit to AI companies. Loans issued by USD.AI to finance graphics processing units (GPUs), data centers and related AI infrastructure will be denominated in PYUSD, with borrowers
PayPal stablecoin PYUSD leveraged to finance AI infrastructure through USD.AI Read More »
Exclusive: Why the $18T Retirement Industry Now Sees Blockchain as Key to Survival
Exclusive: Why the $18T Retirement Industry Now Sees Blockchain as Key to Survival Read More »
Even as the White House’s push for a federal crypto reserve stalled in 2025, many of the US states were considering and pulling the trigger on similar ideas, and much of this work was supported by Dennis Porter and the Satoshi Action Fund. This feature is part of CoinDesk’s The list of most influential 2025.
Most Influential: Dennis Porter Read More »
Coinbase (COIN) shares rose as much as 4.6% after the company outlined a roadmap that included stock trading, AI-powered tools, tokenization and stablecoin infrastructure in its year-end system update. The stock rose as high as $255.41 in early trading on Thursday and recently traded at $249.48 following the announcement on Wednesday. JP Morgan’s Kenneth Worthington
Coinbase (COIN) shares rise on ‘system update’ as Wall Street cheers Read More »
