Michael Saylor, executive chairman and co-founder of Strategy, has come out swinging against a new proposal to clean up Bitcoin’s ‘spam,’ arguing that it could fundamentally alter how the world’s largest blockchain operates. The Bitcoin Improvement Proposal (BIP) 110, aimed at temporarily restricting arbitrary data to focus on the core monetary functions, is a threat […]
France’s gambling regulator, the Autorité Nationale des Jeux (ANJ), ordered internet service providers to block Polymarket on July 16, treating the prediction market as an illegal gambling site rather than a financial trading venue. The ANJ said earlier restrictions had failed to keep French users off the platform. Polymarket drew 578,751 visits from 205,057 unique […]
“This week we have seen some large blocks in BTC topside call spreads,” Jean-David Péquignot, chief commercial officer at Deribit, told CoinDesk. Options flow of this size and repetition often reflects institutional positioning rather than retail activity, given the capital required and the precision of the strike selection. The timing is notable for two reasons. […]
The lack of an ethics provision remains one of the biggest sticking points. Sen. Ruben Gallego (D-Ariz.), one of two Democrats who voted to advance the bill out of the Senate Banking Committee, has repeatedly said he will not support the legislation on the Senate floor without a bipartisan ethics provision. Other Democrats have raised […]
“The real prize is the yen side of onchain settlement, one of the most strategic positions in Asian finance over the coming decade, and that is exactly what SBI is building toward,” he added. One technical limitation remains. JPYSC does not yet support withdrawals to external wallets. “Regarding JPYSC, its use is currently limited to […]
T. Rowe Price has brought what it said is the industry’s first actively managed multi-token spot crypto exchange-traded fund (ETF) to the market. The T. Rowe Price Active Crypto ETF (TKNZ) began trading on Thursday, giving investors exposure to a portfolio of crypto assets rather than a single token. The launch marks a milestone for […]
Keyrock, a digital-asset services firm, acquired the trading and brokerage assets of BlockFills’ institutional digital asset business, bolstering its push into institutional crypto markets, the company said in a press release Thursday. The completed transaction adds BlockFills’ client relationships, trading technology and derivatives expertise to Brussels-based Keyrock’s existing businesses spanning market making, over-the-counter (OTC) trading, […]
Coinbase’s Jesse Pollak said he is stepping back from leading the Base app after acknowledging that his bet on an onchain social economy failed to drive crypto adoption as he had expected. The Base creator said he had spent the last two years betting that builders and onchain-native social experiences, including Farcaster, Zora, mini apps […]
In Utah, which passed State-Endorsed Digital Identity (SEDI) legislation, Cardano Foundation-built Veridian has already shown that digital identity can be delivered in a privacy-preserving way, allowing users to prove that they are over or under a specific age without exposing any other data. It’s a working model of what responsible verification can look like and […]
The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it cancel previous customer transactions. The CFTC move amplifies its legal fight with state governments and courts over what its chairman argues […]
Hyperliquid is one of crypto’s fastest-growing trading venues and the leading decentralized perpetual futures exchange. The platform processed more than $150 billion in trading volume in July alone, while its volume relative to Binance climbed to 11.5%, underscoring its growing share of the derivatives market. USDC balances on Hyperliquid have swelled to roughly $6 billion, […]
West Texas Intermediate crude futures have surged to nearly $80 a barrel from $67 at the start of the month, stoking fresh concerns about inflation. Focus on CPI and Warsh testimony Investors will receive a fresh read on price pressures Tuesday when the Labor Department releases the June consumer-price index at 8:30 a.m. ET. Economists […]