News
This $28 million ether 'straddle' bet aims to profit from pure market chaos
2+ hour, 41+ min ago (465+ words) A massive bullish ether volatility bet hit the tape this week, designed to pay off handsomely from sharp price swings in either direction by July 24. The trade, a monstrous 15,000-contract "long straddle," involved the simultaneous purchase of 7,500 calls and 7,500 puts…...
Airbnb CEO Brian Chesky's X account hacked; attacker posted AI-slop on asset tokenization
1+ hour, 17+ min ago (172+ words) Airbnb CEO Brian Chesky said his X account was hacked, and the attacker posted a thread promoting tokenized real-world assets (RWAs) that was criticized as being heavily AI-assisted. The now-deleted posts argued that tokenization could make buildings, bonds and funds…...
ETH, XRP, HYPE price news: Ether falls twice as hard as bitcoin and HYPE drops 10%
1+ hour, 47+ min ago (438+ words) Ether (ETH) fell twice as hard as bitcoin on Friday and hyperliquid's HYPE fell more than five times as hard, as a selloff in Asian semiconductor shares dragged every major cryptocurrency lower. Ether dropped 4% to $1,850, though it remains up 4% over…...
BTC news: Bitcoin’s anti-spam fight gets a 'DOG Mode' reply
4+ hour, 37+ min ago (633+ words) Five days after CoinDesk reported that a proposal to purge non-financial data from Bitcoin was approaching deadline with effectively zero miner backing, some developers in the community have a different plan that skips the vote entirely. Leonidas, co-founder of the…...
Inside the CASHCAT bet that paid $1.2 million | CoinDesk Videos
15+ hour, 18+ min ago (215+ words) CEO and Founder of Kaizen, Brian Jung joins Jennifer Sanasie on Markets Outlook. Discover how Jung turned an $80,000 bet on CASHCAT into a million-dollar trade by spotting the Robinhood Chain opportunity before the rest of the market. Plus, why he…...
$1.9 trillion asset manager T. Rowe Price bets on active management with first multi-token crypto ETF
15+ hour, 31+ min ago (398+ words) T. Rowe Price has brought what it said is the industry's first actively managed multi-token spot crypto exchange-traded fund (ETF) to the market. The T. Rowe Price Active Crypto ETF (TKNZ) began trading on Thursday, giving investors exposure to a portfolio of…...
The Clarity Act is the most important consumer protection effort in years
19+ hour, 2+ min ago (356+ words) The collapse of FTX nearly four years ago made it clear that the U.S. lacked a workable regulatory regime that properly protected digital asset investors and consumers. The Clarity Act will fix this lingering gap, but we haven’t spent enough time…...
Keyrock acquires BlockFills trading assets in institutional crypto xxpansion
18+ hour, 43+ min ago (258+ words) Keyrock, a digital-asset services firm, acquired the trading and brokerage assets of BlockFills' institutional digital asset business, bolstering its push into institutional crypto markets, the company said in a press release Thursday. CoinDesk reported in June that Keyrock was in…...
Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure
19+ hour, 50+ min ago (279+ words) Crypto brokerage infrastructure firm Alpaca raised $135 million to expand the rails used by exchanges and tokenization platforms to offer U.S. stocks onchain. Peak XV led Alpaca’s equity round, with participation from Elefund, BNP Paribas’ Opera Tech Ventures and Unbound, according to…...
U.S. Senate unanimously opposes clemency for FTX founder Sam Bankman-Fried
1+ day, 3+ hour ago (357+ words) The Senate agreed Wednesday that Sam Bankman-Fried should never receive clemency, passing a resolution that states the FTX founder should "under no circumstances" get a pardon or commutation. It passed by unanimous consent, a procedure that clears a measure if…...