SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World

Crypto & Web3

LatestTopDiscussed
0
Crypto & Web3CoinDesk ·

Coinbase, Visa, Mastercard back USDC despite Open USD launch concerns

Circle's stock was rattled following the announcement of Open USD, a new stablecoin initiative. However, key backers including Coinbase, Visa, and Mastercard have reaffirmed their support for USDC. Executives from these companies indicated they intend to support multiple stablecoins simultaneously rather than choosing one over another. They described Open USD as an additional payments rail rather than a direct competitor or replacement for USDC.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Samsung Eyes 800 Million Galaxy Phones as Crypto Wallet Network

Samsung is positioning itself to become a major stablecoin distributor by leveraging its massive base of Galaxy smartphone users. The tech giant aims to convert its estimated 800 million active Galaxy devices into wallets capable of holding digital assets and processing blockchain-based payments. The move signals Samsung's deeper ambitions in crypto infrastructure beyond just hardware. Analysts believe this strategy could place Samsung among the most influential players in stablecoin distribution globally.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Senators Warren, Blumenthal urge SEC to investigate Trump memecoin

Senators Elizabeth Warren and Richard Blumenthal have formally asked the U.S. Securities and Exchange Commission to investigate President Donald Trump's memecoin. The request raises ethical concerns about Trump's involvement in cryptocurrency while holding public office. The move has also stalled progress on the Clarity Act, a proposed piece of crypto legislation, as the ethics controversy overshadows legislative efforts. The situation highlights growing tension between crypto regulation and political accountability in Washington.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Wells Fargo joins JPMorgan and Citi in tokenizing Wall Street settlement rails

Wells Fargo is entering the blockchain-based payments space, joining rivals JPMorgan and Citi in efforts to modernize Wall Street's settlement infrastructure. The bank plans to process payments using its own proprietary blockchain network. Transactions will be automatically routed through the bank's existing client-facing interface, minimizing disruption to current workflows. The move signals growing momentum among major U.S. banks to tokenize traditional financial settlement systems.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin's $63,000 Level Becomes Critical Support Zone, Glassnode Data Shows

Bitcoin is currently trading near a key technical level at approximately $63,000, which analysts at Glassnode have identified as a significant battleground for buyers. Both retail investors and large-scale holders, commonly known as whales, are actively accumulating bitcoin at this price range. The $63,000 zone aligns closely with bitcoin's 200-week moving average, a historically important long-term indicator. Glassnode's data suggests this level is drawing considerable buying interest from across the investor spectrum.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Polymarket seeks $20B valuation in new funding round amid growing competition

Polymarket, the blockchain-based prediction markets platform, is reportedly in talks with investors for a new funding round targeting a $20 billion valuation. This comes just months after the company completed a previous funding round that valued it at $15 billion. The latest move signals a significant jump in the platform's perceived worth in a relatively short period. The fundraising push comes as competition in the prediction markets sector continues to intensify.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Intesa Sanpaolo cuts Bitcoin ETF stake 94%, triples Ethereum ETF holding in Q2

Italian banking giant Intesa Sanpaolo dramatically reduced its exposure to BlackRock's iShares Bitcoin Trust (IBIT) by 94% during the second quarter of 2025. At the same time, the bank tripled its position in the iShares Staked Ethereum Trust ETF, signaling a strategic shift in its crypto asset allocation. Overall bitcoin ETF holdings across the tracked segment fell 35% to $69.3 million during the period. The moves came amid a broader slump in cryptocurrency prices during Q2. Intesa Sanpaolo's rebalancing reflects a growing institutional trend of selectively adjusting crypto exposure rather than exiting the asset class entirely.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Dinari opens tokenized US stock access to American investors amid blockchain equity boom

Dinari is now offering tokenized U.S. stocks to eligible American investors, expanding its custodial tokenization model domestically. The move comes as competition in the blockchain-based equities space continues to intensify. Tokenized stocks represent traditional equity assets recorded and traded on a blockchain, aiming to improve accessibility and efficiency. Dinari's expansion marks a notable step in bringing this emerging financial product to a broader U.S. audience.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Anonymous Group Runs Anti-Crypto Ads in Washington as Key Legislation Hangs in Balance

A shadowy organization called Crypto Watchdog has launched an advertising campaign in Washington DC warning the public about the risks of digital assets. The campaign coincides with uncertainty surrounding the Clarity Act, a significant piece of crypto legislation currently under consideration. The group's director has declined to disclose who is funding or backing the effort. The identity and motivations of those behind Crypto Watchdog remain unknown, raising transparency concerns. The targeted DC location suggests the ads are aimed at influencing policymakers and regulators involved in shaping crypto legislation.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

WBTC Migration Pushes LayerZero-to-Chainlink Transfers Close to $15 Billion

BitGo's decision to migrate its Wrapped Bitcoin (WBTC) has significantly boosted the total value of assets moving from LayerZero to Chainlink's cross-chain infrastructure. The cumulative announced migrations have now reached approximately $14.5 billion, nearing the $15 billion mark. The migration wave was partly triggered by a $292 million exploit involving the Kelp bridge protocol. Multiple projects have since announced plans to shift their cross-chain operations from LayerZero to Chainlink in the wake of the incident.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

BNY Partners with Galaxy to Offer Crypto Staking for Institutional Clients

BNY, a major custody bank, is expanding its digital asset custody platform to include cryptocurrency staking services. The bank has selected Galaxy to provide the underlying staking infrastructure for this initiative. The move is aimed at broadening the range of services BNY offers to institutional crypto investors. By integrating staking, BNY seeks to meet growing demand from institutions looking to earn returns on their digital asset holdings.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Coldcard Warns Users to Move Bitcoin Amid Ongoing Unpatched Exploit

Hardware wallet manufacturer Coldcard has urged its users to transfer their bitcoin holdings due to an active security vulnerability. The flaw has already been linked to approximately $114 million in losses and has not yet been fully patched. Certain specific Coldcard device models and firmware versions remain exposed to the exploit. The company issued the warning as the threat continues to be live and ongoing.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

South Africa Drafts Rules Requiring Authorized Providers for Cross-Border Crypto

South African lawmakers have introduced a draft regulatory framework governing cross-border cryptocurrency transactions. Under the proposed rules, any transfer of crypto assets to foreign destinations must be carried out through an authorized service provider. The draft also mandates that such transactions be reported to FinSurv, the financial surveillance department of the South African Reserve Bank. The proposal signals a move toward greater oversight of digital asset flows across South Africa's borders.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin Climbs Toward $64,000 as Coldcard Hack and Strategy Sell-Off Fears Ease

Bitcoin moved higher, approaching the $64,000 mark as market turbulence from the weekend began to subside. Two key pressures had weighed on sentiment: a security exploit targeting Coldcard hardware wallets and a round of Bitcoin sales by Strategy. Despite the price recovery, the overall market mood continued to register in the 'extreme fear' zone. Cardano's ADA also posted gains amid the broader partial stabilization of crypto markets.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

BlackRock launches tokenized money market fund access in Europe

BlackRock has debuted tokenized access to its money market funds in Europe, covering a pool worth $311 billion. The move follows the asset manager's earlier expansion of its U.S. tokenized cash platform this week. That U.S. expansion included offering onchain shares of an existing fund. BlackRock also introduced a new daily reinvestment stablecoin fund as part of the broader initiative.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Hashdex to Close US Spot Bitcoin ETF Amid Weak Inflows and AI Investment Shift

Hashdex is shutting down DEFI, its US spot bitcoin ETF, marking the first closure among funds in this category. The fund managed only $14.7 million in assets, a stark contrast to BlackRock's IBIT, which holds $47.08 billion under management. Dwindling inflows have been cited as a key factor behind the decision to wind down the product. Investors appear to be redirecting capital toward artificial intelligence-related opportunities rather than crypto funds. The closure highlights the growing competitive gap between smaller and larger players in the spot bitcoin ETF market.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

US and Japan intervene jointly to support yen for first time since 1998

Japan is estimated to have spent up to $36.6 billion buying yen in a rare joint currency intervention with the United States. This marks the first such coordinated action between the two countries since 1998, aimed at curbing a disorderly decline in the yen. The move comes as Bitcoin traded around $63,600, with currency market turbulence testing carry-trade dynamics. Bitget Wallet analyst Alvin Kan noted the intervention may slow the yen's slide but is unlikely to reverse the broader downward trend.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bhutan's Gelephu City partners with 3iQ to actively manage Bitcoin treasury

Bhutan's planned Gelephu Mindfulness City (GMC) has announced a partnership with crypto asset manager 3iQ to actively manage a portion of its Bitcoin holdings. The arrangement will see 3iQ operate the funds on a market-neutral basis, marking a strategic shift in how the city handles its digital assets. This move comes after GMC pledged a treasury of 10,000 BTC as part of its broader financial strategy. Rather than simply holding Bitcoin as a long-term national reserve, GMC is now putting a share of those holdings to work in the market. The decision signals a more dynamic approach to sovereign crypto asset management among nation-level entities.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Jim Cramer Sells Bitcoin Over Quantum Fears, But Crypto Community Stays Calm

CNBC host Jim Cramer has announced he is selling his bitcoin holdings, citing concerns over the potential threat of quantum computing to cryptocurrency security. Despite his warning, bitcoin's price has remained stable at around $64,000. The crypto community has largely dismissed Cramer's alarm, pointing to his historically poor track record in predicting crypto and banking market outcomes. His past calls on financial assets have frequently moved in the opposite direction of his predictions, earning him a contrarian reputation among investors.

0 comments Read more at CoinDesk
← NewerPage 58 of 91Older →