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Crypto & Web3

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Crypto & Web3CoinDesk ·

New Jersey Asks Supreme Court to Review Kalshi Prediction Markets Case

New Jersey has filed a petition for a writ of certiorari, formally requesting the Supreme Court to take up its legal dispute with prediction markets platform Kalshi. The move brings the case one step closer to a potential landmark ruling at the highest court in the United States. Kalshi, a regulated prediction markets exchange, has been in a legal battle with New Jersey over the legality of its operations. The petition signals that the state is seeking a definitive federal judicial resolution to the ongoing dispute.

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Crypto & Web3CoinDesk ·

Ukrainian Police Bust Crypto Scam That Raked In Up to $1M Monthly

Ukrainian law enforcement has dismantled a cryptocurrency scam operation that was generating up to one million dollars per month. Authorities identified at least 62 individuals who fell victim to the fraudulent scheme. Investigators also determined that more than 46 Ukrainian nationals were involved in running the alleged operation. The takedown marks a significant enforcement action against organized crypto fraud activity in the country.

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Crypto & Web3CoinDesk ·

Better and Coinbase Offer Bitcoin-Backed Mortgages With Locked Collateral Terms

Better Mortgage has partnered with Coinbase to offer home loans backed by bitcoin as collateral. Under the arrangement, Better Mortgage retains the right to reuse the pledged bitcoin during the loan period. Borrowers are unable to reclaim their cryptocurrency until the underlying conventional mortgage is either fully paid off or refinanced. The structure raises notable considerations for borrowers regarding control and access to their digital assets throughout the loan term.

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Crypto & Web3CoinDesk ·

Data Shows Missing Bitcoin's Best Days Devastates Long-Term Returns

A historical analysis of Bitcoin's price performance spanning 2010 to 2026 reveals that most of the asset's annual gains are concentrated in a very small number of trading days. This pattern suggests that investors who attempt to time the market risk missing the brief but critical windows when Bitcoin delivers its largest returns. Crypto experts argue that a simple buy-and-hold strategy consistently outperforms active trading approaches as a result. The findings reinforce a growing consensus that staying invested over the long term is the more reliable path to capturing Bitcoin's upside.

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Crypto & Web3CoinDesk ·

Dollar-backed stablecoins may weaken local currencies, Bank of Korea study warns

A new study by the Bank of Korea has found that dollar-backed stablecoins can exert downward pressure on local currencies. The research focuses on trading activity on Binance, where buying pressure in stablecoin-paired currencies shows a correlation with local currency depreciation. The mechanism appears to be driven by market makers rebalancing their positions in response to stablecoin demand. The findings raise concerns about the broader macroeconomic impact of stablecoin adoption in emerging and developing economies.

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Crypto & Web3CoinDesk ·

UK Law Firm Recovers $4.5M in Bitcoin for Investor Who Thought Funds Were Lost

A British investor who believed he had lost around $2,000 worth of Bitcoin in 2012 has recovered funds now valued at approximately $4.5 million. The recovery was facilitated by UK-based CEL Solicitors, which specializes in cryptocurrency asset recovery. The firm identified a wallet containing more than 5,500 BTC linked to former users of Intersango, an early Bitcoin exchange. The case highlights how dormant crypto assets from the early days of Bitcoin can still be traced and reclaimed years later.

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Crypto & Web3CoinDesk ·

XRP Ledger sees fewer traders but surging volume and $4B in value

The XRP Ledger (XRPL) is experiencing a notable shift in its trading dynamics compared to a year ago. The number of daily order-book traders has declined by approximately 40%, indicating fewer active accounts on the network. Despite this drop in user activity, trading volume has surged by 79%, suggesting that remaining participants are executing significantly larger transactions. The total value held on the XRPL has also climbed above $4 billion, reflecting growing capital concentration on the ledger.

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Crypto & Web3CoinDesk ·

Southeast Asia Crypto Funding Hits $680M, Led by Financial Services Sector

Blockchain investment in Southeast Asia has rebounded to $680 million in 2026, signaling renewed investor confidence in the region. The recovery has been driven primarily by crypto financial services companies attracting the bulk of capital. Investors appear to be concentrating their bets on more established, mature firms rather than early-stage startups. However, the funding landscape remains uneven, with Singapore dominating as the primary hub and only a small number of companies capturing most of the investment.

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Crypto & Web3CoinDesk ·

AMC CEO Demands Robinhood Halt Synthetic Stock Tokens Over Investor Rights Concerns

AMC Entertainment CEO Adam Aron has called on Robinhood to stop issuing tokenized versions of AMC stock. Aron argued that synthetic AMC shares could siphon demand away from the real stock trading on traditional exchanges. He also raised concerns that holders of these tokens would lack the shareholder rights granted to actual AMC stockholders. The dispute has drawn attention from executives across the tokenization industry, with some expressing support for Aron's position.

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Crypto & Web3CoinDesk ·

Hargreaves Lansdown opens crypto ETN access after UK FCA lifts retail ban

Hargreaves Lansdown, the UK's largest retail investment platform, has begun offering customers access to cryptocurrency exchange-traded notes (ETNs). The move marks a significant policy reversal for the platform, which previously warned investors against such products. The shift follows the UK Financial Conduct Authority's decision in October to lift its longstanding ban on crypto exchange-traded products (ETPs) for retail investors. The FCA's regulatory change effectively cleared the path for mainstream investment platforms to list these products for everyday investors.

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Crypto & Web3CoinDesk ·

U.S. Sheriffs' Association drops opposition to crypto Clarity Act, goes neutral

The National Sheriffs' Association has changed its stance on the Clarity Act from opposition to neutral. The shift marks a notable reversal for the law enforcement group, which had previously warned that the legislation could enable crypto-related crimes. The Clarity Act is a proposed U.S. law aimed at providing regulatory guidance for the cryptocurrency industry. The association had been among the voices cautioning lawmakers about potential risks the bill posed to financial crime enforcement.

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Crypto & Web3CoinDesk ·

US Adds 162,000 Jobs in August, Surpassing Expectations

The United States economy added 162,000 jobs in August, exceeding analyst forecasts and signaling a rebound in the labor market. The data was released in a morning report that is expected to carry significant weight for policymakers. The Federal Reserve is currently deliberating whether to raise interest rates at its upcoming September policy meeting. A stronger-than-expected jobs report could increase the likelihood of a rate hike, as the Fed monitors employment data closely. The figures suggest the labor market remains resilient despite ongoing economic uncertainties.

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Crypto & Web3CoinDesk ·

Zcash surges 20% past $1,000, triggering $34M in short liquidations

Privacy-focused cryptocurrency Zcash (ZEC) briefly surged past $1,020, marking a significant price milestone. The sharp rally represented a roughly 20% gain, catching bearish traders off guard. Traders who had taken leveraged short positions against ZEC were forced to exit those bets as prices climbed. The resulting liquidations amounted to approximately $34 million in losses for short sellers.

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Crypto & Web3CoinDesk ·

Bitcoin Breaks $81,000 as Privacy Coins Surge in Broad Crypto Rally

Bitcoin surpassed the $81,000 mark, breaking through a resistance level that had held it back since late August. The move was part of a wider rally across the cryptocurrency market. Privacy-focused coins were among the standout performers, with Zcash climbing 16% and Dash rising 19%. The gains highlight renewed investor interest in both major and alternative cryptocurrencies.

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Crypto & Web3CoinDesk ·

IMF: El Salvador's post-June 2025 Bitcoin holdings built solely on private donations

The International Monetary Fund has confirmed that El Salvador's recent growth in official Bitcoin reserves was financed entirely through private donations. No public funds were used in the accumulation of these holdings. All Bitcoin added to the country's official reserves since June 2025 falls under this privately funded arrangement. The IMF's confirmation provides clarity on the source of El Salvador's expanding cryptocurrency assets.

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Crypto & Web3CoinDesk ·

South Korea plans full tokenized securities market launch by February 2027

South Korean financial regulators have announced a phased roadmap to transition traditional capital markets onto distributed ledger technology. The plan is set to be fully implemented by February 2027. The initiative aims to modernize the country's securities infrastructure by leveraging blockchain-based systems. The final phase of the rollout will include on-chain stablecoin settlement, marking a significant shift in how securities transactions are processed and settled.

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Crypto & Web3CoinDesk ·

Bitcoin ETFs Record $731M Single-Day Inflow, Assets Cross $103 Billion

U.S. spot Bitcoin ETFs collectively attracted $731 million in net inflows on Thursday, marking their strongest single day since January. Every fund in the category posted gains of nearly 6%, pushing total net assets above $103 billion for the first time. BlackRock's IBIT ETF led the surge, accounting for more than half of the day's total inflows. The milestone reflects renewed investor appetite for Bitcoin exposure through regulated fund products.

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Crypto & Web3CoinDesk ·

OpenAI Invests $1 Billion in Cyber Defense, Launches AI That Finds Zero-Day Flaws

OpenAI has announced a $1 billion commitment toward cybersecurity defense efforts. The company has unveiled an AI system called Astra, which is capable of independently discovering previously unknown software vulnerabilities, known as zero-days, and converting them into functional exploits. Alongside this, OpenAI is subsidizing user access to its Daybreak security platform. The move signals OpenAI's growing focus on both offensive AI security research and broader cyber defense infrastructure.

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Crypto & Web3CoinDesk ·

Bitcoin Hits 18-oz Gold Ratio, Highest Since January Amid Debt Fears

Bitcoin's value has climbed to the point where one coin can purchase just over 18 ounces of gold, the strongest such ratio since January. Both bitcoin and gold are rallying simultaneously, reflecting growing investor anxiety. The gains are being driven by fears that governments may inflate away their debt burdens rather than by movements in bond yields. This parallel rise highlights shifting sentiment toward hard assets as hedges against fiscal risk.

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