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Crypto & Web3CoinDesk ·

TD Cowen sees weak demand for tokenized stocks despite new SEC trading rules

Investment bank TD Cowen has expressed skepticism about the prospects for tokenized stocks, forecasting limited investor demand in the near term. This comes even as the U.S. Securities and Exchange Commission has introduced new rules that allow such assets to be traded outside traditional market infrastructure. Tokenized stocks are blockchain-based digital representations of conventional equity shares. Despite the regulatory opening, TD Cowen believes the market conditions are not yet ripe to drive significant adoption of these instruments.

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Crypto & Web3CoinDesk ·

Crypto PAC Fairshake commits $30M to block Sherrod Brown's Senate return

Crypto-backed political action committee Fairshake has pledged $30 million to oppose Senator Sherrod Brown's upcoming Senate bid. This marks the largest single campaign expenditure by the crypto industry's political arm in the 2026 election cycle. The move mirrors Fairshake's 2024 playbook, when it spent $40 million against Brown in what was then its biggest-ever campaign outlay. Brown, a prominent skeptic of the cryptocurrency industry, has long been a target of crypto-aligned political groups. The repeated targeting of Brown underscores the industry's sustained effort to unseat one of its most vocal critics in Congress.

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Crypto & Web3CoinDesk ·

ECB Develops System to Connect Payment Infrastructure With Blockchain Markets

The European Central Bank has introduced a new system designed to bridge its existing payment infrastructure with blockchain-based financial markets. The initiative reflects the ECB's growing interest in integrating distributed ledger technology into traditional central banking operations. As part of this effort, the ECB plans to use its own funds to purchase tokenized bonds. The move signals a significant step by a major central bank toward engaging directly with digital asset markets. This development could have broad implications for how central banks interact with emerging tokenized financial instruments.

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Crypto & Web3CoinDesk ·

Senate's Failure to Pass Clarity Act Seen as Win for Banks and Offshore Crypto Hubs

The U.S. Senate's decision not to pass the Clarity Act has drawn mixed reactions from financial and legal experts. One expert argues that traditional banks are among the biggest beneficiaries, as they have strongly opposed the inclusion of stablecoin yields in any regulatory framework. A global crypto lawyer contends that offshore jurisdictions, including Dubai, stand to gain as crypto businesses may seek more favorable regulatory environments abroad. The bill's failure leaves the U.S. stablecoin regulatory landscape uncertain, potentially pushing crypto activity beyond American borders.

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Crypto & Web3CoinDesk ·

Bitmine Adds $75M in Ether as Institutions Seen Underweight Crypto

Bitmine, the largest Ethereum-focused treasury company, purchased $75 million worth of Ether in a continued buying spree. Chairman Tom Lee argued that institutions remain significantly underexposed to cryptocurrency assets. Lee suggested that Ethereum's strong performance in the third quarter could serve as a catalyst for greater institutional investment. The move reflects growing corporate confidence in ETH as a treasury asset amid broader crypto market momentum.

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Crypto & Web3CoinDesk ·

Treasury Secretary Bessent Defends Dollar Dominance and Backs Stablecoins

U.S. Treasury Secretary Scott Bessent has pushed back against pessimistic views of the American economy. He highlighted strong economic growth and sustained foreign demand for U.S. assets as evidence of the dollar's continued global strength. Bessent also championed the role of stablecoins in reinforcing dollar dominance across international markets. His remarks signal the administration's confidence in the U.S. economy despite broader market concerns.

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Crypto & Web3CoinDesk ·

Google and Apple Post Crypto Jobs Signaling Interest in Stablecoins and Tokenization

Tech giants Google and Apple have each posted job listings seeking professionals with expertise in cryptocurrency. The roles specifically focus on stablecoins and tokenized deposits, suggesting both companies may be exploring related financial infrastructure. The parallel hiring efforts indicate the two firms are independently pursuing digital asset capabilities. Analysts view the listings as a signal that Big Tech is positioning itself to build or integrate blockchain-based payment rails.

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Crypto & Web3CoinDesk ·

Strategy resumes Bitcoin buying after three-week pause, spends $75M on BTC

Business intelligence firm Strategy has returned to purchasing Bitcoin after a roughly three-week break. The company spent approximately $75 million acquiring BTC during the past week. This marks the firm's first Bitcoin buy in about three weeks. Strategy, led by Michael Saylor, has been one of the most prominent corporate holders of Bitcoin. The resumption of purchases signals continued commitment to its Bitcoin treasury strategy.

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Crypto & Web3CoinDesk ·

Bitcoin Volatility Index Perpetual Futures Launch on Hyperliquid

Hyperliquid has launched perpetual futures contracts tied to bitcoin's implied volatility index, known as BVIV. The product was deployed through Kinetiq's Markets frontend and spearheaded by Volmex CEO Cole Kennelly. The contracts allow traders to take long or short positions on 30-day bitcoin volatility without complex options strategies. This marks a new way for crypto market participants to directly trade bitcoin volatility as an asset class.

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Crypto & Web3CoinDesk ·

ECB launches Pontes platform to settle tokenized assets in central-bank money

The European Central Bank has deployed a new wholesale platform called Pontes to facilitate the settlement of tokenized assets using central-bank money. The platform bridges distributed ledger technology (DLT) market infrastructure with the ECB's existing payment systems. Pontes is designed exclusively for wholesale transactions, targeting institutional market participants rather than everyday consumers. The initiative is distinct from the ECB's separate retail digital euro project, which is not expected to launch until 2027.

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Crypto & Web3CoinDesk ·

Bitcoin Surges to $85,000 as Short Squeeze Wipes Out $648M in Bearish Bets

Bitcoin reached $85,000 following a significant short squeeze that liquidated approximately $648 million worth of bearish positions. The rapid price surge forced traders who had bet against Bitcoin to close their positions at a loss, amplifying the upward momentum. Despite the mass closure of positions, open interest rose 7.59% to $156 billion, indicating that new traders were actively entering the market. This pattern suggests participants are chasing the price rally rather than exercising caution. The development points to heightened speculative activity in the cryptocurrency market.

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Crypto & Web3CoinDesk ·

X sues two users for operating fake Bitcoin news bot farm to game creator rewards

Social media platform X has filed a lawsuit against two individuals, Vivek Kumar Sen and Zmyang Sherpa, accusing them of running a network of fake accounts. The accounts were allegedly used to post fabricated Bitcoin-related headlines and news content. The defendants are accused of exploiting X's creator rewards program to earn fraudulent payouts through this bot farm operation. X's legal action signals the platform's intent to crack down on users who manipulate its monetisation systems through inauthentic activity.

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Crypto & Web3CoinDesk ·

Hana Bank issues South Korea's first blockchain-based digital bond via Euroclear

South Korea's Hana Bank has issued the country's first digital bond using Euroclear's blockchain platform. The bond, denominated in foreign currency, was valued at $100 million. The blockchain-based issuance significantly reduced settlement time to same-day, compared to the traditional three-to-five business day window. This marks a notable milestone in South Korea's adoption of blockchain technology within its financial sector.

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Crypto & Web3CoinDesk ·

Bitcoin Surpasses $83,500 as Falling Oil Prices Boost Risk Assets

Bitcoin and other major cryptocurrencies rallied on Monday alongside equity futures as global risk appetite improved. Brent crude oil fell for a fourth consecutive session, contributing to a broader shift toward risk assets. Monero's XMR was among the top performers, surging 13% during the move. Traders were also positioning themselves ahead of an anticipated summit between U.S. President Donald Trump and Chinese President Xi Jinping later in the week.

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Crypto & Web3CoinDesk ·

Kalshi defends volume figures amid fake crypto trade allegations

Prediction market platform Kalshi has come under scrutiny after a critic flagged suspicious patterns, including allegedly identical $5,500 trades, raising questions about its reported trading volumes. The company clarified that its headline volume figures reflect maximum potential payouts rather than actual cash exchanged, a convention it says is common across the industry. Kalshi maintained that its practices are fully transparent, pointing to its public regulatory filings as evidence. The controversy highlights broader questions about how trading volumes are calculated and reported in prediction markets.

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Crypto & Web3CoinDesk ·

Bitcoin Tops $81,000 as NEAR Surges 23% Amid Zcash Swap Activity

Bitcoin continued its gradual upward movement during the Asian trading session, crossing the $81,000 mark. The rally coincided with gains in regional equities and U.S. stock futures, buoyed by progress in trade negotiations between the United States and China. NEAR Protocol stood out among altcoins, surging 23% on the back of increased Zcash swap traffic. The broader market sentiment appeared lifted by optimism surrounding the Washington-Beijing trade talks.

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Crypto & Web3CoinDesk ·

Bitcoin Clears 50-Week Average for First Time in 45 Weeks

Bitcoin's price has surpassed its 50-week moving average, a threshold it had not crossed in 45 weeks. This technical milestone is considered a significant bullish indicator by market analysts. Historically, similar crossovers have preceded major upward price movements in Bitcoin. The development has drawn attention from traders and investors watching for signs of a sustained market recovery.

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Crypto & Web3CoinDesk ·

Gemini's Stock Falls 80% from IPO, Fueling Acquisition Speculation

Crypto exchange Gemini has seen its market value plunge roughly 80% since its IPO, dropping to approximately $753 million. The sharp decline has reignited speculation that the platform could become a takeover target. Potential acquirers are seen as being drawn to the company's regulatory licenses, custody infrastructure, and established customer base. The assets Gemini holds could offer significant strategic value to any buyer looking to enter or expand in the crypto space.

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