Business – Page 70

BTC might just be another software name and that’s bad news

Bitcoin is increasingly behaving like a software stock, and its recent correction is unfolding alongside the broader software selloff. The relationship between bitcoin and software stocks has strengthened significantly. On a 30-day rolling basis, bitcoin’s correlation with the iShares Expanded Tech Software ETF, (IGV) stands at a high 0.73, according to ByteTree. IGV is down […]

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Nomura pushes back on crypto retreat concerns as it tightens risk controls

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Nomura Holdings pushed back against suggestions it is losing confidence in crypto, saying tighter risk controls at its Laser Digital unit are designed to limit short-term earnings swings while focusing on long-term strategies, the bank told CoinDesk in emailed comments on Wednesday. “Given the nature of the crypto-asset business, we recognize that a certain level

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US regulator declares do-over on prediction markets, throwing out Biden-era ‘robbery’

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The U.S. government is formally reversing its previous position to ban certain activities of prediction market firms such as Kalshi and Polymarket, with the chairman of the U.S. Commodity Futures Trading Commission, Mike Selig, on Wednesday moving a proposed rule on event contracts back from 2024 and scrapping an earlier announcement that he said confused

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Kyle Samani steps away from Multicoin Capital

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Kyle Samani, co-founder of crypto investment firm Multicoin Capital, is stepping down from his role as CEO, he announced Wednesday in a post on X. “It’s a bittersweet moment for me because my time at Multicoin has been one of the most meaningful and rewarding of my life,” Samani wrote. “After nearly a decade in

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Wall Street giant CME Group is looking at its own ‘CME Coin’, CEO says

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CME Group CEO Terry Duffy has suggested that the derivatives giant is looking into launching its own cryptocurrency. In response to a question from Morgan Stanley’s Michael Cyprys during the company’s recent earnings call, Duffy confirmed that the firm is exploring “initiatives with our own coin that we could potentially put on a decentralized network.”

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DOJ emails show Coinbase co-founder discussed meeting with Jeffrey Epstein during 2014 investment talks

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Newly declassified Justice Department documents reveal that Coinbase co-founder Fred Ehrsam was involved in emails regarding a $3 million investment from Jeffrey Epstein in 2014, long after Epstein’s first conviction. While Epstein’s stake was less than 1% and he had no management role, the records show that Ehrsam expressed interest in a meeting during the

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Europe’s role in the next tokenization wave

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Welcome to our institutional newsletter, Crypto Long & Short. This week: Lukas Enzersdorfer-Konrad on how EU regulatory clarity could allow tokenized markets to scale Andy Baehr tells BNB to “dress up” Top headlines institutions should be aware of by Francisco Rodrigues “Bitcoin’s Draws Compress as Markets Mature” in Chart of the Week -Alexandra Levis Expert

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Crypto networks react after Vitalik Buterin told them they ‘no longer make sense’ for Ethereum

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For years, Ethereum’s layer-2 network has marketed itself as extensions of Ethereum itself. “Arbitrum is Ethereum,” Offchain Labs co-founder Steven Goldfeder wrote on X in March 2024. “Base is Ethereum,” Coinbase’s layer-2 team posted in April 2025. But after recent comments from Ethereum co-founder Vitalik Buterin questioning whether Ethereum still needs a dedicated layer-2 roadmap,

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Indian investors have matured and are buying BTC in shift from speculative tokens

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Indian crypto investors have shed the speculative itch and are buying the dive into bitcoin BTC$76,073.52 price as seasoned professionals, the Mumbai-based CoinDCX exchange told CoinDesk. “Indian investors are maturing. They are no longer driven solely by sentiment or headlines; instead, they are focused on fundamentals and the long-term potential of the asset class,” CoinDCX

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Ripple’s prime brokerage platform adds support for decentralized Exchange Hyperliquid

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Ripple has announced that its institutional prime brokerage platform, Ripple Prime, now supports the decentralized derivatives trading protocol Hyperliquid. The integration gives Ripple Prime clients access to Hyperliquid’s onchain perpetuals liquidity, while managing margin and risk inside Ripple Prime. The company said clients will be able to cross margin decentralized finance derivative exposures alongside positions

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