Solana-based decentralized finance (DeFi) platform Drift said it is investigating “unusual activity” on its protocol, raising concerns that the platform may have been exploited. “We are observing unusual activity on the protocol. We are currently investigating. Please refrain from depositing money into the protocol while we investigate,” Drift wrote in a post on X. “This […]
Galaxy Digital (GLXY), the digital asset financial firm founded by Mike Novogratz, said it recently contained a cybersecurity incident involving unauthorized access to an isolated development workspace, according to a statement from a company spokesperson. “An insignificant amount of company funds used for testing within the isolated development workspace was affected,” the spokesman said in
Welcome to our institutional newsletter, Crypto Long & Short. This week: Nilmini Rubin on the challenge for crypto markets and traditional markets to create a hybrid, shared governance structure. Meredith Fitzpatrick covers how financial institutions must fundamentally rethink AML risk as crypto and TradFi converge. Top headlines institutions should be aware of by Francisco Rodrigues.
Governance is the real layer 1 Read More »
JPMorgan ( JPM ) CEO Jamie Dimon said the bank is considering entering the prediction markets, signaling growing interest from major financial institutions in a sector that has grown rapidly in recent months, including among crypto-native companies. “It’s possible that one day we will do something like this,” Dimon said on CBS Tuesday, though he
Jamie Dimon Signals JPMorgan (JPM) Entering Prediction Markets As Competition Increases Read More »
Network news GOOGLE SAYS MINING BITCOIN IS EASIER THAN PREVIOUSLY BELIEVED: Breaking the Bitcoin blockchain with quantum computers may not be as difficult as once thought, and Bitcoin’s Taproot technology, which enables more efficient, private transactions, may be partly to blame, Google’s Quantum AI team said in a blog post and newly released whitepaper. The
Quantum computing could break Bitcoin faster, Google says Read More »
Tokenization has become one of crypto’s favorite buzzwords, but Grayscale head of research Zach Pandl said investors should think of it less as a single trade and more as a long roadmap with different winners at different stages. Speaking at the EthCC conference in Cannes, France, Pandl said the trend is still in its infancy.
Grayscale research head bets on $19T tokenization wave 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 1968.28, up 1.0% (+20.29) since yesterday’s close. Eighteen out of 20 assets are trading higher. Leaders: AVAX (+4.0%) and HBAR (+3.6%). Lagging behind: BCH (-2.1%) and BNB (+0.0%). The
Avalanche (AVAX) is up 4% as the index rises Read More »
Wall Street Asset Management giant Franklin Templeton is launching a dedicated cryptocurrency division as it deepens its push into digital assets, anchored by a planned acquisition of crypto investment firm 250 Digital. The new entity, called Franklin Crypto, will bring together the 250 Digital team and its liquid crypto strategies — formerly managed by CoinFund
Franklin Templeton launches crypto division with 250 Digital acquisitions Read More »
Bitcoin’s reputation has historically been built on extreme boom-and-bust cycles, with steep write-downs of up to 90% after all-time highs. This cycle, however, the decline has been closer to 50%, a shift that analysts said reflects the maturation of BTC as an asset class. “Bitcoin’s withdrawals compressing to around 50% is a sign of a
Bitcoin’s crash is shrinking, and Wall Street is starting to take notice Read More »
Artificial intelligence giant OpenAI has closed $122 billion in committed capital for a post-money valuation of $852 billion, a round that dwarfs anything raised in private markets and cements the company as the most valuable startup in history by a wide margin. The funding was anchored by Amazon, Nvidia and SoftBank, with continued participation from
OpenAI raises a record $122 billion as revenue passes $2 billion per month Read More »
