Business

Wall Street is bought on Crypto’s upside potential, but not its technology

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Wall Street’s appetite for crypto is stronger than ever. BlackRock’s Bitcoin ETF has broken inflow records. Fidelity and VanEck have followed suit with new spot products. Even Nasdaq has hinted at expanding its digital asset trading infrastructure. Yet, despite all this momentum, almost none of it actually happens on the chain. Institutions now treat crypto […]

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Bitcoin, Ether rise as Trump announces ‘at least’ $2K tariff dividend per American

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Cryptocurrency prices have risen after US President Donald Trump said a direct tariff dividend of “at least” $2,000 will be paid to most Americans. In a Truth Social post, Trump said the U.S. is generating “trillions of dollars” in tariffs and said the funds would both reduce the country’s $37 trillion national debt and fund

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CFTC’s Pham Moves to Launch Spot Crypto Trading Without Congress

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The US Congress has long sought to give the Commodity Futures Trading Commission more direct authority over crypto spot markets, but the agency is moving forward without it, and interim chief Caroline Pham is in talks with regulated exchanges to launch spot crypto products as soon as next month, according to people with direct knowledge

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Korean Investors Ditch Bitcoin for AI Chips as Stock Market Rises

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For years, South Korea was the global heartbeat of crypto speculation. It became the place where digital coins traded at a premium and where retail investors moved markets overnight. “Kimchi Premium” became shorthand for a national obsession: widespread and frenetic trading activity unmatched by any region across the globe. But at the end of 2025,

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Trump’s first year back brings ‘complete reversal’ in US crypto policy

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WASHINGTON, DC – Donald Trump was re-elected president a year ago this week, though some of the crypto industry’s lobbyists quietly say they feel like they’ve aged years in this tumultuous 12 months, which saw a series of highs and deep frustrations in the young sector’s pursuit of American policies. President Trump stormed back into

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Sam Bankman-Fried’s appeal court hearing saw skeptical judges

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This week, the Second Court of Appeal heard arguments in Sam Bankman-Fried’s appeal of his criminal conviction. The three-judge panel appeared highly skeptical of his lawyer’s arguments. You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative FTX

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