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Crypto & Web3

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Crypto & Web3CoinDesk ·

Crypto Leaders Say Gen Z May Skip Traditional Banking Altogether

Teakhouse Financial co-founder Adrian Cachinero has suggested that digitally native generations may have little need for conventional bank accounts. His comments reflect a broader shift in how younger consumers are approaching personal finance. Binance has added weight to this view, noting that younger users are already leading cryptocurrency adoption in emerging markets. The trend points to growing confidence in crypto as a primary financial tool among the next generation of users.

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Crypto & Web3CoinDesk ·

DOG Mode Client Reignites Debate Over Who Controls Bitcoin's Network Rules

A new Bitcoin client called DOG Mode, introduced by a developer known as Leonidas, is challenging the network's default transaction relay policies. The client proposes alternative rules for what transactions nodes will forward, putting it at odds with Bitcoin's established defaults. This has reignited a long-standing philosophical debate within the Bitcoin community about censorship resistance and free-market principles. The dispute raises a fundamental question about governance: who ultimately has the authority to set the rules of the Bitcoin network. The development signals that a significant disagreement over Bitcoin's future direction may be on the horizon.

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Crypto & Web3CoinDesk ·

Trump Administration Eyes Brazil's Pix System Amid Dollar Dominance Concerns

The Trump administration has raised concerns about Brazil's promotion of non-dollar payment channels, viewing them as a potential threat to dollar-based trade. Brazil's Pix instant payment system is among the channels drawing Washington's scrutiny. Despite these concerns, dollar-linked stablecoins already dominate Brazil's crypto landscape, accounting for roughly 90% of the country's crypto transactions. The situation highlights a tension between U.S. policy objectives and the on-the-ground reality, where dollar-pegged digital assets are quietly expanding their footprint in Brazil's financial ecosystem.

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Crypto & Web3CoinDesk ·

1.6 Billion in Crypto Liquidity Sits Idle, Earning Zero Fees

Roughly $1.6 billion in cryptocurrency liquidity is currently sitting outside active trading ranges, generating no returns for its providers. On a weekly basis, approximately $542 million of this capital remains inactive, contributing nothing to market depth. This idle liquidity earns zero trading fees, representing a significant inefficiency in decentralized markets. The situation highlights a persistent challenge in liquidity management, where capital is deployed but fails to participate in actual price discovery or trading activity.

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Crypto & Web3CoinDesk ·

Large traders place options bets on Bitcoin hitting $72,000 by month end

Options market activity indicates that large traders are positioning for Bitcoin to reach $72,000 by the end of the month. The bets are structured as call spreads, a strategy used to profit from a targeted price rise while limiting risk. The timing is notable as the Federal Reserve is scheduled to meet around the same period, an event that often influences risk asset prices. A Fed decision on interest rates could act as a catalyst for significant movement in cryptocurrency markets. The options flow signals growing bullish sentiment among sophisticated traders in the near term.

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Crypto & Web3CoinDesk ·

84% of Financial Firms Now Treat Tokenization as a Strategic Priority

A new survey by Broadridge reveals that tokenization has moved to the forefront of strategy for the vast majority of financial institutions. Wall Street firms are actively accelerating their efforts to digitize assets on blockchain-based platforms. The findings indicate that the industry is increasingly embracing hybrid market models, where digital and traditional assets operate side by side. This shift signals growing institutional confidence in the long-term viability of tokenized financial infrastructure.

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Crypto & Web3CoinDesk ·

Polymarket odds for CLARITY Act passage hit record low amid Senate stalemate

Prediction market bettors on Polymarket have pushed the probability of the CLARITY Act passing in 2025 to an all-time low. The decline reflects growing pessimism as Senate negotiations continue to stall over unresolved ethics provisions. Talks among senators have dragged on without a clear resolution, dampening confidence in the bill's near-term prospects. The CLARITY Act, which relates to cryptocurrency market regulation, now faces significant uncertainty over whether it can advance through the Senate this year.

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Crypto & Web3CoinDesk ·

Stripe and Swift Compete for Control of Next-Gen Digital Payments Infrastructure

Stripe and Swift are emerging as key rivals in the race to dominate next-generation global payments infrastructure. Crypto and blockchain experts have noted that recent moves by both companies signal an intensifying competition. The two established financial firms are vying for control over the underlying systems that power digital payments worldwide. Industry observers say the developments this week highlight how traditional finance players are staking their claims in the evolving payments landscape.

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Crypto & Web3CoinDesk ·

Cardano shifts core development control to external teams in decentralization move

Cardano is transferring control of its core development infrastructure to outside teams as part of a broader decentralization effort. Input Output, the company behind Cardano, will hand over key components including the Haskell node, Plutus, and Hydra. Founder Charles Hoskinson has stated that the network needs to evolve and resume growth. The move signals a significant structural shift in how the Cardano blockchain is maintained and developed going forward.

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Crypto & Web3CoinDesk ·

Robinhood Eyes 10 Million Users for DeFi Push, but Memecoins Dominate Early Activity

Robinhood is making a major push to bring 10 million retail users onto decentralized finance platforms. The company believes its competitive edge lies in its large base of everyday, non-crypto-native customers. However, early on-chain activity from its users has been largely concentrated in memecoin trading rather than broader DeFi engagement. Meanwhile, Robinhood's original vision of tokenizing real-world assets remains limited in scale. The gap between the company's ambitions and current user behavior raises questions about the strategy's long-term success.

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Crypto & Web3CoinDesk ·

SBI Group consolidates Coinhako, partners Ondo Finance in Asia digital asset push

Japan's SBI Group has announced the consolidation of Singapore-based cryptocurrency platform Coinhako into its operations. The move is part of a broader regional expansion strategy aimed at strengthening SBI's digital asset presence across Asia. The securities giant has also entered a tokenization partnership with Ondo Finance as part of this push. Together, these developments signal SBI's ambition to build a significant cross-border digital asset business in the region.

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Crypto & Web3CoinDesk ·

China's Kimi K3 tops coding benchmark, dragging crypto and chip stocks lower

Chinese AI startup Moonshot's Kimi K3 model has claimed the top position in a frontend coding benchmark, outperforming rivals Claude and OpenAI's GPT. The model is available for free, raising competitive pressure on established Western AI players. The development rattled semiconductor stocks, which declined in response to the news. Bitcoin and the broader crypto market fell alongside chip stocks, reflecting investor concern over shifting AI dominance.

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Crypto & Web3CoinDesk ·

Bitcoin Drops to $63,000 Amid Global Chipmaker Selloff

Bitcoin retreated to around $63,000 after briefly climbing to $65,000 earlier this week. The decline was driven by a broad global selloff in semiconductor stocks, which weighed on risk assets across markets. Bitcoin had gained momentum following a softer-than-expected inflation report released this week. The chipmaker rout spread internationally, amplifying pressure on speculative and risk-sensitive investments like cryptocurrency.

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Crypto & Web3CoinDesk ·

Bitcoin Drops Below $63,000 as AI Selloff and Geopolitical Tensions Hit Crypto

Bitcoin slipped under $63,000 as a broad risk-off sentiment swept across financial markets. The decline was driven by growing fatigue around AI-related stocks, which spilled over into the cryptocurrency sector. Rising tensions between the United States and Iran further dampened investor confidence. Despite the downturn, at least one technical indicator suggested that crypto assets may be approaching oversold territory as the weekend approached.

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Crypto & Web3CoinDesk ·

Airbnb CEO Brian Chesky Says X Account Was Hacked, Crypto Posts Were Fake

Airbnb CEO Brian Chesky announced that his account on X, formerly Twitter, was compromised by a hacker. The attacker used the account to post AI-generated content related to cryptocurrency tokenization. Chesky subsequently regained control of his account and addressed the incident publicly. He warned any new crypto-focused followers who found him through the fake posts that he would be a 'disappointing follow', signaling he has no plans to discuss crypto.

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Crypto & Web3CoinDesk ·

Ether and HYPE Slide as Crypto Markets Follow Global Equity Selloff

Cryptocurrency markets faced sharp declines as a broader unwinding of the chip trade rattled global markets. Ether fell approximately twice as steeply as Bitcoin during the downturn, while HYPE dropped around 10%. Japan's Nikkei stock index recorded its worst single-day performance since March, reflecting widespread risk-off sentiment. Despite the recent losses, Ether remained the only major cryptocurrency still holding a marginal weekly gain.

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Crypto & Web3CoinDesk ·

Trader Places $28M Ether Bet to Profit From Volatility Surge

A large options trade worth $28 million has been placed in the ether market, targeting potential price turbulence rather than a directional move. The strategy is designed to profit if ether experiences a significant surge in volatility. Such trades, known as volatility plays, generate returns when market swings intensify regardless of whether prices rise or fall. The bet reflects growing uncertainty among some traders about ether's near-term price stability.

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Crypto & Web3CoinDesk ·

New 'DOG Mode' Bitcoin Client Offers Alternative to BIP 110 Anti-Spam Proposal

A new Bitcoin client called DOG Mode has emerged as an alternative approach to addressing spam on the Bitcoin network. Unlike BIP 110, which seeks to restrict data through a consensus-based rule change, DOG Mode takes the opposite stance on data handling. BIP 110 has garnered almost no support from miners, highlighting divisions within the Bitcoin community over how to tackle spam. DOG Mode requires no community vote or consensus approval to be implemented, making it a more independently deployable solution. The two proposals reflect contrasting philosophies on how Bitcoin's spam problem should be addressed.

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Crypto & Web3CoinDesk ·

Bitcoin Slides Below $64,000 as U.S. Strike on Iran and China Tensions Rattle Markets

Bitcoin fell below $64,000 amid rising geopolitical tensions following a new U.S. military strike on Iran. Broader risk assets came under pressure as investors reacted to the escalating situation in the Middle East. Comments made by former President Donald Trump regarding China added a further layer of uncertainty to global markets. The combination of geopolitical unrest and renewed fears of U.S.-China friction dampened investor appetite for riskier assets like cryptocurrency.

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