CoinDesk 20 performance update: AAVE jumps 8.9%, leading index higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
Money
Binance tells EU users it will no longer provide services after failing to secure MiCA license
Binance, the world's largest crypto exchange by trading volume, told customers in the European Union (EU) it is suspending some services because it will not have a Markets in Crypto-Assets (MiCA) license in place by Jul…
Bitcoin bounces from $58,000 as derivatives signal more pain in the pipeline
The largest cryptocurrency was recently trading near $59,700, having fallen as low as $58,100.
Wall Street's IPO revival hasn't reached dot-com euphoria levels, Goldman Sachs says
The U.S. IPO market is enjoying its strongest rebound in years, but Goldman Sachs says the resurgence doesn't yet resemble the speculative frenzy of the dot-com bubble.
All eyes on Strategy's June 30 ex-dividend date and monthly STRC dividend rate reset
Strategy's (MSTR) perpetual preferred stock, STRC, is down 3% during Friday's pre-market and is trading below $73 around 27% below its $100 par value, as investors focus on June 30, a date that brings two important even…
With crypto ending the first half in the red, bitcoin's solace is it beat Strategy
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Japanese financial services giant SBI Holdings to buy Bitbank for $289 million
The Tokyo-based bank first floated the idea at the start of last month, framing it as part of a broader strategy to expand its crypto business ahead of potential regulatory developments in Japan. It bought crypto exchan…
Too big to fail: Strategy’s $13 billion bitcoin paper loss alone dwarfs hundreds of prominent tokens
Strategy (MSTR) is sitting on one of the largest unrealized losses in corporate history and it’s bigger than some of crypto’s most prominent projects.
Ethereum treasury firm Sharplink takes in ether for the first time in eight months
Sharplink (SBET) received 5,000 ether (ETH) worth about $7.85 million on Thursday, its first ether inflow in eight months, according to Arkham data showing the coins arriving from crypto brokerage FalconX.
Grant Cardone says he will keep buying bitcoin using real estate cash flows
Grant Cardone, CEO of Cardone Capital, used this week's crypto slide to restate the case for his bitcoin-and-property model, saying the structure is designed to keep buying as prices fall.
Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink
More than $1 billion in crypto positions were liquidated over the past 24 hours, per CoinGlass, with longs accounting for $842 million of the damage. About 148,500 traders were wiped out. The largest single position was…
Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble
Ether, XRP and dogecoin led a broad crypto selloff into the weekend, falling harder than bitcoin as a renewed rout in technology stocks pulled risk assets lower worldwide.
Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
Asset manager, Invesco is preparing to launch a tokenized fund to serve the fast-growing stablecoin market, the latest sign that traditional asset managers are racing to manage the reserves backing digital dollars.
Coinbase's Base blockchain resumes after two-hour outage disrupted network
Coinbase-backed Ethereum layer-2 network Base resumed block production Thursday after a disruption of roughly two hours that halted the blockchain.
a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache
Palo Alto-based blockchain startup Story Protocol is rebranding as DATA Foundation and shifting its focus entirely to AI training infrastructure, with Kled founder Avi Patel joining the organization as chief data office…
Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
Crypto exchange Kraken, part of Payward Inc., is in talks to acquire a 15% stake in decentralized finance (DeFi) protocol Aave at a $385 million valuation, according to three people with knowledge of the matter.
Strategy has a 10-month cash runway for dividends, but retail investors are losing faith
Traders may be panicking about Strategy's (MSTR) stock falling, 8% lower at of writing on Thursday at $86, amid concerns about its ability to meet dividend obligations, but the bigger issue is not if the company is abou…
Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
Payward, the parent company of cryptocurrency exchange Kraken, has taken legal action against PowerTrade, a high-leverage derivatives platform based in the U.A.E., claiming the firm’s founders misappropriated $7.2 milli…
Post-prison CZ says time behind bars didn't hurt the billionaire's business after Binance
How does a high-profile crypto founder recover his reputation after serving prison time? Changpeng "CZ" Zhao's answer: He doesn't have to.
Crypto for Advisors: Bitcoin: planning for inheritance
You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.
Strategy's yield-generating STRC stock is more correlated with BTC than ever
Bitcoin holder Strategy Inc.’s perpetual preferred stock, known as STRC or “Stretch,” is showing an increasingly tight link to bitcoin’s
Polish Cybercrime Police Arrest Four In Major Crypto Theft Investigation
The post Polish Cybercrime Police Arrest Four In Major Crypto Theft Investigation appeared first on Coinpedia Fintech News
Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges
The largest cryptocurrency has since bounced to $59,400, down 2.5% over the past 24 hours. The selloff spread across the broader crypto market. Ether (ETH) dropped to around $1,550, down 5.5%, while solana (SOL) and
Bitcoin likely to fall another 30% to $44,000 by year-end, prominent BTC miner says
The forecast, made in Chinese on X, puts the low some 30% below bitcoin's current level near $60,700, and rests less on the cryptocurrency's performance than on Strategy, the largest corporate holder of the token, accor…