SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World

Crypto & Web3

LatestTopDiscussed
0
Crypto & Web3CoinDesk ·

Solana Outpaces Bitcoin and Ether as Korean Chip Stocks Drop 7%

Bitcoin remained steady near $64,000 on Wednesday, with most major cryptocurrencies posting gains except BNB. Solana led the rally, outperforming both Bitcoin and Ether during the session. Meanwhile, South Korean semiconductor stocks fell sharply by more than 7%, signaling pressure in the tech hardware sector. Market participants were also awaiting the release of Federal Reserve meeting minutes, scheduled for 2 p.m. ET, which could offer further direction on monetary policy.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Cuomo Urges Congress to Pass CLARITY Act, Warns US Lagging on Crypto Rules

Former New York Governor Andrew Cuomo has issued a strong warning that the United States risks falling behind on cryptocurrency regulation. Cuomo specifically highlighted the CLARITY Act as a critical piece of legislation needed to move forward. He argued the bill is essential for bridging the gap between digital asset markets and traditional financial systems. Without such regulatory clarity, Cuomo suggested the US could lose its competitive edge in the rapidly evolving crypto space.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Robinhood CEO calls on U.S. to ease rules blocking tokenized stock trading

Robinhood CEO Vlad Tenev has urged U.S. regulators to create a clearer regulatory framework for tokenized stocks. Tenev argues that tokenizing stocks could enable real-time settlement and round-the-clock trading for investors. His call comes as overseas markets are reportedly making faster progress in adopting tokenized securities. Current U.S. regulations remain a significant obstacle to the development and adoption of such products domestically.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

FASB Proposes Classifying Certain Stablecoins as Cash Equivalents

The Financial Accounting Standards Board (FASB), a nonprofit body that sets U.S. accounting rules, has put forward a proposal to treat certain stablecoins as cash equivalents. The move would mark a significant shift in how stablecoins are recognized under standard accounting practices. FASB's proposal suggests that qualifying stablecoins could be categorized similarly to traditional cash-like instruments on financial statements. If adopted, the change could make it easier for companies to hold and report stablecoin assets under conventional accounting frameworks.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

SEC Proposes Landmark Crypto Regulation in Unexpected Announcement

The U.S. Securities and Exchange Commission has put forward a sweeping regulatory proposal for the cryptocurrency sector, dubbed 'Regulation Crypto.' The announcement came as a surprise, as the SEC had cancelled a scheduled meeting just days earlier that was intended to vote on the measure. The proposal marks the agency's first significant attempt to establish formal rules governing the crypto industry. The unexpected timing of the announcement drew attention given the abrupt cancellation of the prior vote.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Wyoming Switches Blockchain Infrastructure Over Security Concerns in Stablecoin Plan

Wyoming has become the first U.S. government entity to publicly replace its blockchain infrastructure citing security reasons. The state is moving away from LayerZero as part of its stablecoin initiative. This decision aligns with a broader trend, as LayerZero has seen approximately $15 billion in departures. The move signals growing scrutiny of blockchain security standards among public institutions considering digital currency projects.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin volatility hits cycle low as traders seek bigger gains elsewhere

Bitcoin's price volatility has dropped to its lowest level of the current market cycle, signaling a period of unusual calm for the leading cryptocurrency. Traders who previously profited from Bitcoin's sharp price swings are now redirecting their capital toward other assets. The shift reflects a growing appetite for higher-risk, higher-reward opportunities, with some traders targeting returns of five to ten times their investment. A lack of clear directional momentum in Bitcoin's market has contributed to the subdued trading activity.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Kraken Launches U.S. Stock Trading for European Users Alongside Crypto

Crypto exchange Kraken has expanded its services in Europe to include traditional U.S. equities alongside tokenized versions of the same assets. The platform claims to be the first crypto company to offer both product types together on a single regulated platform for European customers. The move signals a growing convergence between traditional finance and the cryptocurrency sector. By combining stocks and tokenized assets, Kraken aims to position itself as a unified destination for both conventional and digital investment products.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

WLFI distances itself from WorldClaw amid questions over financial ties

World Liberty Financial (WLFI), the Trump-linked crypto project, has stated that AI platform WorldClaw operates independently. WLFI confirmed that WorldClaw uses its USD1 stablecoin as a payment rail for transactions. However, the organization declined to clarify whether it holds any equity, financing, revenue-sharing, or other economic interests in WorldClaw. The statement came in response to questions raised about the nature of the relationship between the two entities.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin Miners Gain Higher Valuations by Pivoting to AI and HPC

Bitcoin miners that have diversified into artificial intelligence and high-performance computing contracts are now commanding stronger market valuations. This shift comes as declining bitcoin prices and compressed hashprice have put pressure on miners focused solely on cryptocurrency operations. Pure-play bitcoin mining operators are facing a tougher financial environment, making the AI and HPC pivot increasingly attractive. Analysts suggest that a recovery in bitcoin prices or hashprice could potentially revive interest in traditional mining operations.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Global Bond Yields Hit Multi-Decade Highs Amid Surging U.S. Debt Concerns

Long-term government borrowing costs worldwide are climbing to levels not seen in decades, putting pressure on financial markets. The surge comes as U.S. national debt closes in on the $40 trillion mark, raising investor concerns about fiscal sustainability. At the same time, major AI-focused technology companies are issuing large volumes of corporate bonds, adding further upward pressure on yields. Rising yields are testing bitcoin's reputation as a safe-haven hedge, as investors reassess risk across asset classes.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Metaplanet to launch US Bitcoin treasury firm via $135M nanocap deal

Japan's Metaplanet is establishing a US-based Bitcoin treasury company through a deal valued at approximately $135 million. The transaction involves Metaplanet contributing 2,100 bitcoin along with $2.5 million in cash. The combined value of this initial investment is estimated at $134.6 million. The move signals Metaplanet's strategic expansion into the US market through a nanocap vehicle structure.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

HashKey uses Hong Kong's first regulated stablecoin for insurance and trade settlement

HashKey is deploying Hong Kong's first regulated HKD-pegged stablecoin to settle insurance and trade finance transactions. The move follows successful institutional trials of the digital asset. The initiative targets a share of Hong Kong's $49 billion trade corridor with the United Arab Emirates. By using a regulated stablecoin, HashKey aims to streamline cross-border settlement processes between the two financial hubs.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Citi to Offer Bitcoin Custody for Institutional Clients Later This Year

Citigroup is preparing to launch bitcoin custody services for its institutional clients later in 2025. The Wall Street bank will offer this through a new platform called Custody+. The service will allow institutional clients to hold bitcoin alongside traditional assets in one place. The move signals growing mainstream financial institution interest in providing crypto services to large investors.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Weak Business Models and Inflated Valuations Drive Crypto Industry Shakeout

The cryptocurrency industry is experiencing a significant shakeout as the era of easy money comes to an end. Inflated valuations and unsustainable business models are being identified as the primary drivers behind a wave of failures across the sector. Ryan Kirkley, CEO of Global Settlement Network, has highlighted these structural weaknesses as key factors in the industry's current turmoil. The downturn reflects a broader reckoning for crypto projects that thrived during periods of loose financial conditions but are now struggling to demonstrate real viability.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Cash App Expands Crypto Options Beyond Bitcoin Through MoonPay Partnership

Cash App is broadening its cryptocurrency offerings by partnering with MoonPay to give eligible users access to a wider range of digital assets. Previously limited to Bitcoin and USDC, the platform will now support additional cryptocurrencies including Ether and Solana. The stablecoin USDT will also be available through the new integration. Users will be able to purchase these digital assets directly using their existing Cash App balances.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Visa Seeks New Stablecoin Settlement Partner After BVNK Moves to Mastercard

Visa is searching for a new stablecoin settlement partner following the acquisition of BVNK by rival Mastercard. The payments giant has issued a request for proposal (RFP) to identify a suitable replacement for its stablecoin settlement needs. The RFP indicates that Visa requires a partner capable of supporting multiple stablecoins. The development highlights growing competition between major card networks in the stablecoin payments space.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Ethereum Upgrade to Break Fixed 21,000 Gas Rule, Raising Transfer Costs

Ethereum's upcoming network upgrade will disrupt the long-standing 21,000 gas flat fee that wallets have relied on for transaction cost calculations. Under the new rules, sending ETH to a brand-new address will cost more than sending to an already-existing one. This change means wallet software built around the fixed fee model will produce incorrect cost estimates. Developers and wallet providers will need to update their systems to account for the variable gas costs introduced by the upgrade.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

South Korea blocks Polymarket, joining 30+ jurisdictions banning prediction platform

South Korea has become the latest country to restrict access to Polymarket, the crypto-based prediction market platform. The country joins a growing list of over 30 jurisdictions worldwide that have moved to block the service. Polymarket had argued in its defense that its operations are peer-to-peer in nature, but South Korean regulators dismissed this claim. Authorities contended that Polymarket effectively controls market rules and facilitates crypto-enabled gambling activity, making it subject to local restrictions.

0 comments Read more at CoinDesk
← NewerPage 45 of 91Older →