Wallet infrastructure company Kresus Labs has raised approximately 18 billion won ($13 million) in investment from Hanwha Investment & Securities, one of South Korea’s largest financial institutions. The investment follows a memorandum of understanding signed in December at Abu Dhabi Finance Week and aims to expand Kresus’ digital wallet infrastructure, real-world asset (RWA) tokenization platforms […]
Welcome to our institutional newsletter, Crypto Long & Short. This week: Leo Mindyuk on how enforceable liquidity at scale is more fragmented and fragile than most institutions assume Top headlines institutions should be aware of by Francisco Rodrigues Helium’s Deflationary Flip in the Chart of the Week -Alexandra Levis Expert insight Crypto’s liquidity mirage: why
Crypto Long & Short: Crypto’s Liquidity Mirage Read More »
Billionaire real estate mogul Barry Sternlicht said his firm, Starwood Capital Group, which manages over $125 billion in assets, is ready to begin tokenizing real-world assets but cannot move forward due to regulatory barriers in the United States. “We want to do it right now, and we’re ready,” Sternlicht said Wednesday at the World Liberty
PALM BEACH, Fla. — Banking trade groups, rather than individual banks, are primarily responsible for stalled negotiations on crypto market structure legislation, said Coinbase CEO Brian Armstrong. The banks themselves are looking at crypto as an opportunity, he said Wednesday at the World Liberty Forum held at Mar-a-Lago. “For whatever reason, established industries sometimes have
Shares of Riot Platforms ( RIOT ) rose nearly 9% on Wednesday after activist investor Starboard Value LP released a letter pressuring the company to accelerate its transition from bitcoin mining to AI infrastructure provider. The goal is for Riot to pursue high-margin artificial intelligence and high-performance computing (AI/HPC) hosting deals. Riot’s 1.7 gigawatts of
Riot stock jumps about 7% as Starboard pushes $1.6 billion AI data center shift Read More »
After hacking around early Wednesday, bitcoin BTC$66,498.76 tumbled during the US afternoon, falling to a session low below $66,000, again putting pressure on the lower end of its recent range. After trading at $68,500 overnight, BTC was down 2.5% over the past 24 hours and last traded at $66,200. Crypto stocks, which started the day
BTC’s bounce from this month’s crash is evaporating Read More »
Crypto exchange Kraken has extended its acquisition streak by buying token management platform Magna as the company prepares for an expected public market debut. The deal, announced Wednesday by Kraken’s parent company Payward, brings a platform used by crypto teams to manage token vesting, claims and distributions. It currently serves over 160 clients and reported
Kraken parent buys token management company ahead of planned IPO Read More »
OpenAI is stepping deeper into crypto-security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains. Smart contracts, self-executing code implemented on blockchains like Ethereum, support decentralized exchanges, lending protocols and a wide range of onchain financial
Coinbase’s Ethereum layer-2 network, Base, is changing the technology that powers it, stepping back from relying on Optimism’s OP Stack, the toolkit it originally launched on. In a blog post titled “The Next Chapter for Base,” the team said it plans to take more control over its own code and infrastructure. Instead of relying on
Base is moving away from Optimism’s ‘OP stack’ in a major technology shift Read More »
Ethereum has crossed a symbolic threshold, with more than half of the total ether (ETH) issued now contained in its proof-of-stake (PoS) contract for the first time in the network’s 11-year history, Santiment said in a post on X that has been met with criticism. The Onchain research firm said on Tuesday that 50.18% of
Ethereum 50% stake figure from Santiment receives criticism from researchers Read More »
