Cracks Appear as Ethereum Staking Demand Wanes
Earlier this year, Ethereum staking was popular, particularly with Lido Finance's rise to prominence in the DeFi space, but it is now facing challenges, suspicions, and resentment.
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Bitcoin Holds $28K as Stocks Buckle Under Interest Rate Concerns
The U.S. 30-year Treasury bond is on pace to close above 5% for the first time in more than 16 years.
Lightning Labs Rolls Out 'Taproot Assets,' to Make Bitcoin 'Multi-Asset' Network
Taproot Assets will give developers "the tools needed to make Bitcoin a multi-asset network, but in a scalable manner," according to Lightning Labs.
The Death of Compromise, and a Way Forward for Crypto
Kim Greenberg of CoinDesk Indices finds a lesson for crypto in LEGO.
Investment as a Service: Table Stakes for the Next Crypto Cycle
Colton Dillion and Sonya Mann of Hedgehog Technologies explain why exchanges and other major players in crypto need to expand their horizons.
U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism
U.S. Sen. Elizabeth Warren (D-Mass.) led more than a hundred lawmakers in demanding top officials share their plans for heading off crypto-financed terrorism.
'Oh, Yes': Accounting Prof Says Sam Bankman-Fried’s FTX Definitely Mishandled Customers' Money
Former FTX lobbyist Eliora Katz appeared to mostly be on the stand to allow prosecutors to bring attention to Bankman-Fried's tweets and House testimony, and how they differed from the secret reality that led to the crypto exchange's demise.
Stellar, Early Blockchain Built for Payments, Adds Smart Contracts to Take on Ethereum
The nine-year-old project, one of the earliest major blockchains, is getting a facelift to incorporate "smart contracts," that theoretically could attract new applications and users – and potentially more demand for the XLM token.
Digital Euro Project Moves to 'Preparation' Phase
The move is not a decision to issue a central bank digital currency, the European Central Bank said Wednesday.
U.S. Treasury Targets Gaza Crypto Business in Sanctions to Squeeze Hamas
The Treasury Department issued a list of sanctions that included a business providing money transfers and digital assets exchange services in Gaza.
Crypto World Hopeful as California Chases BitLicense in Absence of U.S. Feds
Crypto insiders feel they've been burned before in the cauldron of New York’s BitLicense, but they fell that California’s implementation leaves some room for hope.
Bitcoin Financial Services Firm Unchained Looks to Attract Wealthy Clients With New Advisory Service
The service will offer a network of "bitcoin-competent" financial planners to help HNWIs build distribution and utilization strategies and address potential tax and inheritance issues, Unchained said.
U.S. Crypto Regulatory Fog Keeps Standard Chartered Rooted in UAE, Asia
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
Investment Manager Methodic Unveils Ether Staking Fund Offering Exposure to ETH Price and Yield
The Methodic CoinDesk ETH Staking Fund offers institutional exposure to spot ETH price and staking yields.
Floki Developers Propose Staking and Utility Token Plans
The move could help amp up investor interest in FLOKI tokens, which form part of the Floki DAO ecosystem.
Ether.Fi Rolls Out Liquid Staking Token eETH, That Can be Restaked on EigenLayer
Decentralized finance (DeFi) protocol ether.fi has rolled out a liquid staking token that allows users to generate rewards through ether (ETH) staking and automatically restake rewards on EigenLayer.
DLT Securities Rules Are Here to Stay, EU Official Says
New European laws took effect in April, but fears over its limited scale may have inhibited take-up.
First Mover Americas: GBTC Discount Continues to Narrow; Reddit’s Crypto Tokens Plummet
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Korean Giant SK Telecom Releases Crypto Wallet With CryptoQuant as Partner
The wallet will feature on-chain data analysis tools that may inform users' market decisions.
EU Privacy Watchdog Takes Aim at ‘Excessive Centralization’ of Digital Euro
The central bank digital currency has met significant opposition from lawmakers worried over excessive state snooping
(One Part of) Sam Bankman-Fried's Defense Strategy Starts Paying Off
All three of Sam Bankman-Fried’s “inner circle” members have now testified against the FTX founder, and all three have presented similarly on the witness stand: clearly rehearsed, adamant that the FTX founder was in charge and careful not to stray
Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment
Some analysts said the amendments show the U.S. Securities and Exchange Commission (SEC) is holding active discussions with related parties.
Coinbase Trading Volume Slows Further as Crypto Winter Continues: Berenberg
“We continue to view COIN’s consumer take rate as being at risk of compression due to competition for market share within a lower volume crypto space,” the bank said.
Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says
Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved.
SBF Dined With Eric Adams at NYC Mayor’s Go-To Italian Restaurant
The erstwhile crypto titan and avowed vegan was also scheduled to meet Empire State Gov. Kathy Hochul at The Capital Grille steakhouse, according to FBI trial testimony.
Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle
Bitcoin's market share of all cryptocurrencies rises to highest since April 2021.
Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project
The email from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.
Bitcoin ETF Hopes Push Grayscale's GBTC Discount to Narrowest Since 2021
The fund’s shares have traded at a discount to NAV since December 2021.
Why Power Is Passing to Courts to Make US Crypto Policy
Congressional inaction, the decline of the Chevron doctrine, and regulation by enforcement are decentralizing policy-making power over emerging technologies like blockchain and AI, says Michele Neitz.