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Crypto & Web3CoinDesk ·

Cboe and S&P Dow Jones Extend Licensing Deal, Eye Tokenized Options

Cboe Global Markets and S&P Dow Jones Indices have entered into an extended licensing agreement that could pave the way for tokenized options contracts. The deal signals a growing interest in bringing traditional derivatives products onto blockchain infrastructure. This development comes as major Wall Street institutions, including Nasdaq, NYSE, and DTCC, are actively exploring ways to move conventional market instruments onchain. The move reflects a broader industry shift toward integrating blockchain technology with established financial markets.

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Crypto & Web3CoinDesk ·

zk.money Relaunches on Aztec Network, Offering Private Ethereum Payments

zk.money, a privacy-focused crypto wallet, has returned after a three-year absence. The relaunched platform operates on the Aztec Network and allows Ethereum users to make private payments. While transactions conducted within the wallet are hidden, deposits originating from the Ethereum network remain publicly visible. The relaunch gives Ethereum users an additional option for conducting payments with greater financial privacy.

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Crypto & Web3CoinDesk ·

Sen. Tim Scott Accuses Democrats of Blocking Crypto Clarity Act for Political Gain

Republican Senator Tim Scott of South Carolina has criticized Democratic lawmakers for opposing the Clarity Act, a piece of crypto legislation. Scott argues that Democrats prioritized political calculations and special interests over the needs of their constituents. Writing in an op-ed, he contended that the bill's failure was a result of partisan maneuvering rather than substantive policy concerns. Scott urged Democrats to focus on what is best for the American people rather than their own political agendas.

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Crypto & Web3CoinDesk ·

Aave surges 11% on token burn speculation as DeFi broadly rallies

Decentralized finance protocol Aave rose 11% on speculation that the project may introduce a token burn mechanism. The broader crypto market showed resilience, with 72 out of 100 assets in the CoinDesk 100 index trading in positive territory. This came despite the 10-year U.S. Treasury yield climbing to 5.234%, a level that typically pressures risk assets. The simultaneous rise in bond yields and crypto prices suggests the digital asset market is currently decoupling from traditional macroeconomic headwinds.

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Crypto & Web3CoinDesk ·

Bitcoin Recovers Above $84,000 as Crypto ETFs Log $30M in Inflows

Bitcoin rebounded above $84,000 on Monday after a period of decline, while broader crypto markets staged a modest recovery. Ether led gains among major tokens during the rebound. Crypto ETFs collectively attracted approximately $30 million in inflows on the day. Zcash (ZEC) bucked the trend, continuing its downward slide while its U.S.-listed fund was the only crypto ETF to record an outflow on Monday.

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Crypto & Web3CoinDesk ·

Blockchain.com seeks $500M IPO with valuation up to $6 billion

Blockchain.com, a London-based cryptocurrency services firm, is targeting a $500 million initial public offering. The company is aiming for a valuation of as much as $6 billion through the listing. Blockchain.com had earlier submitted a confidential IPO filing with the U.S. Securities and Exchange Commission. The confidential filing, made earlier this year, is a standard step companies take before formally going public.

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Crypto & Web3CoinDesk ·

Bitcoin Eyes Third Straight Monthly Gain Amid Q4 Headwinds

Bitcoin is on course to record a third consecutive monthly gain, a rare achievement that would break a long-standing historical pattern. September, traditionally a weak month for the cryptocurrency, has seen notable price gains this year. However, analysts warn that rising bond yields and climbing oil prices could pose challenges ahead. Two significant events scheduled for November are also expected to test Bitcoin's momentum in the fourth quarter.

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Crypto & Web3CoinDesk ·

10-Year Treasury Yield May Hit 6%, But Analysts Say Bitcoin Need Not Worry

Analysts are projecting that the 10-year U.S. Treasury yield could climb as high as 6%, raising questions about the impact on risk assets like Bitcoin. However, market observers suggest that Bitcoin investors should not be alarmed by the rising yield environment. According to analysts, the reason behind rising yields matters more for Bitcoin's performance than the absolute level those yields reach. Different drivers of yield increases — such as growth optimism versus inflation fears — can have vastly different implications for cryptocurrency markets.

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Crypto & Web3CoinDesk ·

NEAR Intents flags $50M in suspicious Bitget hacker swaps, most rerouted elsewhere

NEAR Intents' swap service detected over $50 million in attempted fund transfers linked to the Bitget hacker. The platform rejected the suspicious transactions, putting its permissionless design philosophy under scrutiny. However, the blocked funds were not stopped entirely, as they subsequently moved through other service providers. The incident raises questions about how decentralized swap platforms balance open access with the ability to screen illicit activity.

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Crypto & Web3CoinDesk ·

Anthropic Plans $518B AI Infrastructure Spend Amid Heavy Losses

Anthropic, the AI company backed by major investors, has revealed plans to spend $518 billion on artificial intelligence infrastructure, according to a prospectus reviewed by Reuters. The document also highlights that the company is currently operating at significant financial losses. Despite the scale of the announcement, pre-IPO perpetual contracts tied to Anthropic showed little movement on cryptocurrency exchanges. Such perpetual contracts are typically used by traders to speculate on a company's valuation ahead of a public listing. The muted market reaction suggests investors may be cautious or already pricing in the company's aggressive spending trajectory.

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Crypto & Web3CoinDesk ·

Bitcoin steadies at $83K as markets eye Fed rate outlook ahead of PCE data

Global stock markets slipped to a one-week low amid rising economic uncertainty. Brent crude oil climbed for a second consecutive day, adding pressure on inflation expectations. Traders increased their bets on further Federal Reserve interest rate hikes as markets braced for key data. The Personal Consumption Expenditures (PCE) inflation report, due Wednesday, is being closely watched for signals on the Fed's next move. Meanwhile, Bitcoin held steady around $83,000 while Zcash (ZEC) saw a notable 12% decline.

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Crypto & Web3CoinDesk ·

Goldman Sachs Opens $100B Treasury Fund Access to Crypto Institutions

Goldman Sachs is extending access to its approximately $100 billion Treasury fund to institutional cryptocurrency firms. The move marks a significant step in integrating traditional finance infrastructure with the crypto sector. Notably, the bank is not creating a tokenized version of the fund for this purpose. This approach allows crypto institutions to tap into Goldman's established financial product directly, without requiring blockchain-based representation of the asset.

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Crypto & Web3CoinDesk ·

Ethereum's Top Liquid Restaking Protocol Pivots to Crypto Neobank as Yields Dry Up

Ethereum's leading liquid restaking protocol has abandoned its core business model amid declining restaking yields and growing smart-contract risks. The so-called restaking gold rush appears to have ended, with top protocols struggling to generate meaningful profits. Falling returns have made restaking a far less attractive proposition for participants who once flocked to the sector. In response to these pressures, the protocol has shifted its strategic focus toward building a cryptocurrency-based neobank instead.

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Crypto & Web3CoinDesk ·

Senate Democrats Report Flags Tether as Financial Tool for Iranian Government

Democrats on the Senate Permanent Subcommittee on Intelligence have released a report targeting Tether's USDT stablecoin. The report alleges that the Iranian government has been using USDT as a key financial instrument. Senators claim the stablecoin effectively serves as a lifeline for the Iranian regime. The findings raise fresh concerns about the use of crypto assets to circumvent international sanctions.

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Crypto & Web3CoinDesk ·

Apollo Economist Warns AI Agents Could Trigger Bank Runs by Shifting Deposits

Apollo Global Management's chief economist Torsten Slok has raised concerns about the financial risks posed by AI-powered autonomous agents. He warns that these agents could automatically move household funds from low-interest checking accounts into higher-yielding alternatives. This behavior, if widespread, could rapidly drain cheap bank deposits at scale. Such a shift could effectively trigger a modern form of bank run without any deliberate human action.

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Crypto & Web3CoinDesk ·

Chainlink upgrades bridge tech with custom security checks after rival's $292M hack

Chainlink has released an update to its cross-chain bridge technology, allowing companies to implement custom security checks. The upgrade comes in the wake of a $292 million hack at a rival bridge platform that exposed critical vulnerabilities in the sector. The new software is specifically designed to eliminate single-point-of-failure weaknesses that made the rival bridge susceptible to attack. By enabling customizable security layers, Chainlink aims to give organizations greater control over how they protect cross-chain transactions.

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Crypto & Web3CoinDesk ·

THORChain refuses to block hacker as $6M in ETH converted to Bitcoin

Decentralized exchange THORChain declined a request from crypto exchange Bitget to block wallet addresses linked to a major theft. The hacker successfully executed 27 swaps, converting approximately 2,390 ETH into 75.2 BTC, valued at around $6 million. Bitget had urged THORChain to intervene following a $387.5 million theft tied to those addresses. THORChain's refusal highlights the tension between decentralization principles and the need to prevent illicit fund movements in crypto. The incident raises fresh questions about accountability and compliance obligations for decentralized protocols.

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