SShortSingh.

Crypto & Web3

0
Crypto & Web3CoinDesk ·

Franklin Templeton Enables Tokenized Fund Shares as Collateral on Bybit

Franklin Templeton has partnered with cryptocurrency exchange Bybit to allow its tokenized money market fund shares to serve as trading collateral. Users can leverage these tokenized shares to access USDT or USDC credit lines on the platform. The arrangement allows investors to continue earning yield on their underlying assets while using them as collateral. This move marks a notable step in bridging traditional asset management with decentralized finance infrastructure.

0
Crypto & Web3CoinDesk ·

Bitcoin Slides to $83,000 as Altcoin Rally Reverses

Bitcoin declined 1.7% to trade at $83,000, extending losses across the broader crypto market. The CoinDesk 100 index fell harder, dropping 2.6% as altcoins that led Friday's gains gave back their advances. The reversal came as oil prices climbed back above $100 per barrel, signaling a shift in broader market sentiment. Friday's top-performing digital assets were among the hardest hit during the pullback.

0
Crypto & Web3CoinDesk ·

Bitcoin Falls Below $83,000 Amid Iran Tensions and Rising Oil Prices

Bitcoin dropped below $83,000 as geopolitical tensions surrounding Iran negotiations stalled, unsettling financial markets. Brent crude oil pushed toward $108 per barrel, adding further pressure on risk assets. Among major tokens, ZEC recorded the steepest losses during the selloff. Traders also increased bets on another Federal Reserve interest rate hike, weighing on crypto sentiment. Market participants are now closely watching upcoming inflation and jobs data due later this week.

0
Crypto & Web3CoinDesk ·

Bitcoin bearish bets rise as futures open interest nears yearly lows

Demand for leveraged exposure to Bitcoin remains subdued, with futures open interest approaching its lowest levels of the year. Despite the overall decline in market participation, the capital still active in futures markets appears to be skewed toward bearish positions. This suggests that traders who remain engaged are largely betting on further price declines. The trend reflects a broader lack of bullish conviction among leveraged traders in the current market environment.

0
Crypto & Web3CoinDesk ·

RedotPay clears financial audit amid push for U.S. stock market listing

RedotPay, a stablecoin payments company, has completed a financial audit as part of its preparations for a U.S. initial public offering. The company confirmed the audit milestone while pushing back against an August report suggesting its IPO plans had been paused. RedotPay's move signals continued momentum toward going public despite earlier speculation about delays. The completed audit is a key regulatory and procedural step required ahead of any public listing in the United States.

0
Crypto & Web3CoinDesk ·

California bans memecoins in anti-corruption move targeting political token abuse

California Governor Gavin Newsom has signed Assembly Bill 2409 into law, prohibiting the issuance of memecoins by elected officials and candidates. The legislation was passed as part of a broader anti-corruption package aimed at preventing politicians from financially exploiting their public positions. Newsom explicitly framed the move as a direct contrast to President Donald Trump's controversial $TRUMP memecoin venture. The governor's remarks positioned California's action as a counter-response to what he described as the ethical failures surrounding Trump's cryptocurrency dealings.

0
Crypto & Web3CoinDesk ·

Solana ETFs log record $188M weekly inflows, Bitwise captures lion's share

Solana-based exchange-traded funds collectively pulled in a record $188 million in a single week, marking a significant milestone for the asset class. All seven available Solana ETF products attracted positive inflows during the period. Bitwise emerged as the dominant beneficiary, accounting for roughly two-thirds of the total capital that flowed in. The weekly record was punctuated by a standout single-day figure of $87 million on Friday, itself a daily record. The surge signals growing institutional and retail appetite for regulated exposure to the Solana network.

0
Crypto & Web3CoinDesk ·

Bitcoin and Nasdaq Futures Slide After Trump Hints at Further Iran Strikes

Bitcoin and Nasdaq futures fell after President Trump declined to rule out additional military strikes against Iran. Trump made the remarks on Sunday, leaving open the possibility of further action even while suggesting the conflict could end soon. His comments introduced fresh uncertainty into financial markets, weighing on both crypto and equity futures. Investors reacted cautiously to the prospect of an escalating military situation ahead of the midterm elections.

0
Crypto & Web3CoinDesk ·

Vitalik Buterin outlines ambitious vision to reshape Ethereum by 2030

Ethereum co-founder Vitalik Buterin has laid out a sweeping long-term vision for the network's evolution through 2030. A central goal is improving computational efficiency, so the network no longer requires every node to redundantly process identical calculations. The plan signals a broader ambition to transform Ethereum into something that extends well beyond its current role as a conventional blockchain. Buterin's proposals reflect ongoing efforts to scale the network while maintaining decentralization and security.

0
Crypto & Web3CoinDesk ·

Inside the Clarity Act's Collapse: How the Crypto Bill Fell Apart

The Clarity Act, a cryptocurrency legislation effort, failed to pass in a vote this month after months of development work. Interviews with industry participants and legislative aides reveal a deeply flawed bill-writing process. Sources pointed to nearly every aspect of the bill's development as contributing to its downfall. The debate surrounding the legislation also played a significant role in its ultimate failure.

0
Crypto & Web3CoinDesk ·

Kraken Parent Payward Aims to Build Broad Financial Infrastructure Beyond Crypto

Payward, the parent company of cryptocurrency exchange Kraken, is pursuing an ambitious expansion beyond its core trading business. Co-CEO Arjun Sethi outlined plans to unify trading, payments, asset management, and institutional services on a single shared platform. The company is positioning itself as a comprehensive financial infrastructure provider rather than a standalone crypto exchange. This strategic shift represents a multi-billion-dollar bet on Payward's ability to compete across a wider range of financial services.

0
Crypto & Web3CoinDesk ·

Binance-Circle Deal Seen Boosting USDC's Global Reach Against Tether

Binance and Circle have entered into a five-year partnership agreement aimed at expanding the reach of the USDC stablecoin. Analysts told CoinDesk that the deal could significantly strengthen USDC's presence in emerging markets. The collaboration is seen as a strategic move to close the competitive gap with Tether, the dominant stablecoin by market share. However, analysts cautioned that Tether's deep liquidity advantage will be difficult to overcome. The long-term impact of the deal on the broader stablecoin landscape remains to be seen.

0
Crypto & Web3CoinDesk ·

Bitget Hacker Moves $83M in Stolen XRP Beyond Ripple's Reach

A hacker responsible for stealing funds from Bitget has begun transferring approximately $83 million worth of XRP from wallets used to hold the stolen assets. Two of the original holding wallets have been nearly emptied, while a third is currently being drained. Around $75 million in XRP remains spread across five original accounts. Unlike some digital assets, XRP in these wallets cannot be frozen or reversed by Ripple, limiting any potential recovery efforts.

0
Crypto & Web3CoinDesk ·

Solana's Alpenglow Upgrade Now Live on Both Public Test Networks

Solana's Alpenglow, a major upgrade promising 150-millisecond transaction settlement, has been deployed on its second public test network. The milestone means the new consensus mechanism is now active across both of Solana's public testing environments. This gives developers and application teams an opportunity to test their software against the upgraded system before it goes live on the main blockchain. The staged rollout is a standard step in blockchain upgrades, allowing teams to identify and resolve compatibility issues in advance.

0
Crypto & Web3CoinDesk ·

XRP Ledger Batch Transaction Feature Delayed to Oct. 9 After Support Reset

The XRP Ledger's upcoming Batch upgrade has been pushed back to October 9 after validator support temporarily fell below the required 80% threshold. The feature allows users to bundle up to eight transactions in a single operation, covering asset transfers and payments. Because support dipped under the threshold, the network's two-week activation countdown was automatically restarted. The delay is procedural rather than technical, as the feature itself remains unchanged and awaits sufficient sustained validator backing.

0
Crypto & Web3CoinDesk ·

Researchers Propose Zcash-Style Privacy Layer for Bitcoin Without Protocol Changes

Researchers have outlined a method to enable private Bitcoin transactions by building a system that runs parallel to the main Bitcoin network. The approach draws inspiration from Zcash's 'shielded' transaction model, which conceals sender, receiver, and amount details. Crucially, the proposal would not require any changes to Bitcoin's existing rules or core protocol. However, a key technical gap remains: the system currently lacks a reliable mechanism to lock real BTC and release it back securely.

0
Crypto & Web3CoinDesk ·

SEC Commissioner Hester Peirce, Known as Crypto Mom, to Leave Agency on Oct. 2

U.S. Securities and Exchange Commission Commissioner Hester Peirce, widely regarded as the agency's most consistent advocate for the cryptocurrency industry, is set to depart on October 2. Peirce had earned the nickname 'Crypto Mom' for her vocal support of clearer and more accommodating crypto regulations. Her exit had been anticipated for some time before the official date was confirmed. The announcement came as the SEC was releasing its latest round of crypto-related work. Her departure marks the loss of a prominent pro-crypto voice within the federal regulatory body.

0
Crypto & Web3CoinDesk ·

Sixth Circuit rules Kalshi's sports prediction contracts fall under state law

A Sixth Circuit Court of Appeals panel has ruled against prediction market provider Kalshi in a significant legal decision. The court determined that sports-related event contracts offered by prediction markets do not qualify as swaps under federal law. As a result, these contracts are not subject to federal regulatory oversight and instead fall under state jurisdiction. The ruling marks another appellate court setback for Kalshi as it continues to face legal challenges over the regulatory classification of its products.

0
Crypto & Web3CoinDesk ·

Blockchain Association's founding CEO Kristin Smith to return amid leadership change

The Blockchain Association is set to undergo a leadership transition as Summer Mersinger prepares to step down from her role as CEO. Kristin Smith, the trade group's original chief executive, will return to lead the organization. The change comes in the wake of the failure of the crypto Clarity Act, a significant piece of legislation that had been the subject of a prolonged congressional debate. Mersinger's departure marks the end of her tenure following the collapse of that legislative effort. Smith's return signals a continuity of founding leadership for the prominent crypto industry trade group.

← NewerPage 13 of 90Older →