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Crypto & Web3CoinDesk ·

Kalshi CEO warns state-led oversight could force prediction markets out of US

Kalshi CEO Tarek Mansour commented on the ongoing legal dispute over the regulation of prediction markets in the United States. He expressed optimism about the eventual outcome of the legal proceedings. Mansour argued that if state-level authorities were to gain primary regulatory control, it could drive such markets out of the country. His remarks highlight the industry's concern over a potential patchwork of state regulations.

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Crypto & Web3CoinDesk ·

U.S. Dominates AI Model Crypto Payments, Accounting for 88% of Tracked Spending

New research from Chainalysis reveals that wallets linked to the United States accounted for over 88% of tracked cryptocurrency payments to AI models. This spending drastically overshadows the share attributed to China, which stood at only 0.1%. The report highlights that AI agents have processed approximately 138 million crypto transactions. The data illustrates the significant dominance of U.S.-based entities in funding AI development through cryptocurrency.

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Crypto & Web3CoinDesk ·

Analyst argues gold and bitcoin are complementary portfolio assets

A recent analysis suggests gold and bitcoin should be considered together for investment portfolios. The argument centers on their shared characteristics as non-sovereign stores of value. While both assets can hedge against traditional market risks, they respond differently to various economic conditions. This complementary behavior is posited to potentially improve overall portfolio diversification. The perspective was detailed in a column published by CoinDesk.

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Crypto & Web3CoinDesk ·

BlackRock crypto ETF assets rise 63% but trail previous year's levels

BlackRock's crypto ETF holdings increased 63% to $79.6 billion as investor interest returned. Despite this significant quarterly surge, the assets remain 23% below their value from the same period last year. The data indicates a recovery in the crypto market but not a full return to prior highs. This analysis comes from a recent CoinDesk report on the asset manager's holdings.

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Crypto & Web3CoinDesk ·

US faces funding dilemma for power grid updates needed by digital economy

The US Congress must determine how to fund essential power grid upgrades driven by the country's expanding digital economy. These infrastructure improvements are necessary to support growing digital demand. A key consideration is ensuring that communities housing new infrastructure are protected. The central unresolved issue is deciding who will ultimately pay for these costly updates.

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Crypto & Web3CoinDesk ·

Kraken parent Payward agrees to acquire a Lithuanian bank

Payward, the parent company of crypto exchange Kraken, has agreed to purchase Lithuania's Saldo Bank. The deal, announced through a report by CoinDesk, will make Payward the first crypto-focused firm to acquire a licensed bank in the European Union. The acquisition of Saldo Bank, which holds approximately $190 million in assets, provides Payward with a full EU banking license. This license will allow the company to expand its services into regulated deposit-taking and lending operations.

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Crypto & Web3CoinDesk ·

Higher September CPI Report Sparks Bitcoin Sell-Off

The U.S. Bureau of Labor Statistics reported higher-than-expected Consumer Price Index data for September. This hot inflation reading triggered a sharp decline in the price of bitcoin. Analysts suggest the data may influence the Federal Reserve's monetary policy decisions. The prospect of more aggressive interest rate hikes by the Fed is seen as a negative for risk assets like cryptocurrencies.

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Crypto & Web3CoinDesk ·

Analysts Assess Potential Impact of US Inflation Data on Bitcoin

Analysts are evaluating how upcoming U.S. inflation figures may influence bitcoin's price. The focus is on the data scheduled for release on October 14, 2026. Market participants are watching for signals that could affect investor sentiment towards the cryptocurrency. This analysis stems from concerns that macroeconomic indicators often drive volatility in digital asset markets.

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Crypto & Web3CoinDesk ·

Dutch Central Bank Authorizes Qivalis to Issue MiCA-Compliant Euro Token

The Dutch central bank has granted an electronic money license to the company Qivalis. This authorization allows Qivalis to offer a euro-denominated token that complies with the EU's Markets in Crypto-Assets (MiCA) regulation. The company, backed by major banks BBVA, BNP Paribas, and ING, will provide on-chain infrastructure for euro settlements. The move represents a significant step in the regulated digital asset space within the European Union.

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Crypto & Web3CoinDesk ·

Hyperliquid Exchange Sees Majority of Volume from S&P 500 Options

The Hypercall exchange, built on the Hyperliquid platform, reports that S&P 500 options trading has driven most of its activity. Since June, the exchange has processed a total volume of $640 million. This indicates a strong trader preference for these index-based derivatives on this specific platform. The data highlights a significant market trend within decentralized finance.

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Crypto & Web3CoinDesk ·

French stablecoin tax could push traders offshore, Chainalysis warns

Chainalysis CEO Francois Volpoet has warned that a proposed French tax could drive cryptocurrency traders to offshore platforms. The French proposal would impose a 31.4% tax specifically on regulated stablecoins. Volpoet stated this move might push trading activity toward unmonitored offshore channels. The warning highlights a potential unintended consequence of the tax policy on crypto market oversight.

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Crypto & Web3CoinDesk ·

Standard Chartered offers Bitcoin and Ether trading to UAE wealth clients

Standard Chartered has launched direct Bitcoin and Ether trading for its affluent clients in the United Arab Emirates. The service provides in-house custody and settlement of the crypto assets. This closed-loop model eliminates the need for clients to use separate external cryptocurrency wallets. The offering is aimed at meeting the demand for regulated digital asset access among wealthy investors in the region.

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Crypto & Web3CoinDesk ·

Coinbase urges early preparation for quantum computing's impact on Bitcoin

Cryptocurrency exchange Coinbase has proposed that the Bitcoin network begin preparing for the advent of quantum computers. The exchange, which holds approximately 5% of all bitcoin, made the recommendation in a recent public statement. It advocates for developing flexible addresses and a quantum-resistant backup key system. The company also suggests a separate discussion on how to handle coins that may become inaccessible due to the technological shift.

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Crypto & Web3CoinDesk ·

Ripple integrates Stripe-owned crypto wallets for AI payments on XRP Ledger

Ripple has integrated Stripe-owned crypto wallets into the XRP Ledger. This integration allows software to pay for online services using XRP and RLUSD stablecoins. The news was announced by Ripple on April 30, 2024, as reported by CoinDesk. These AI-driven payments have already surpassed 14 million transactions, though the scale of real economic activity they represent remains unclear.

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Crypto & Web3CoinDesk ·

Solana announces Alpenglow upgrade for October 21, aiming for 150ms finality

The Solana blockchain will implement a major upgrade called Alpenglow on October 21. This upgrade will target a finality time of 150 milliseconds for transactions. It will replace the network's current validator voting system and remove vote transactions from blocks. These technical changes could significantly alter reported transaction counts, even if actual user activity remains unchanged.

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