Arthur Hayes, the co-founder of crypto exchange BitMEX, has offloaded more than $13 million worth of crypto holdings, including ether (ETH), ethena , and pepe . Data from Arkham Intelligence shows Hayes sold millions worth of these cryptocurrencies and moved to accumulate USDC, with the stablecoin now making up over 80% of the $27.9 million … Read more
U.S. jobs market growth slowed considerably not just last month, but in May and June as well, likely giving more fuel to those calling for Federal Reserve rate cuts. Nonfarm payrolls rose 73,000 in July, according to a Friday morning report from the Bureau of Labor Statistics. That’s up from 14,000 in June, but that … Read more
Coinbase (COIN) said it is increasing its bitcoin (BTC) holdings and that it plans to launch tokenized U.S. stocks and prediction markets in the coming months, marking a significant expansion of its business as it seeks to diversify its revenue stream. In a post on X on Thursday, Coinbase CEO Brian Armstrong said, “Coinbase is … Read more
Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries, … Read more
President Donald Trump's crypto working group finally issued its massive report and its pages of U.S. policy recommendations, and two of the people behind that effort told CoinDesk that decentralized finance (DeFi) protocols should fare just fine in the administration's vision of the U.S. sector. “Decentralized protocols can definitely meet the rules of the road,” … Read more
The long-awaited White House crypto strategy is out, but the 163-page report isn't likely to tell the crypto industry much that it doesn't already know — including about the federal bitcoin reserves, which remain a black box for a sector keen to learn anything new. The report offers the most comprehensive outline of President Donald … Read more
The digital assets industry's most reliable U.S. Senate ally, Cynthia Lummis, has introduced her latest crypto bill, which would ensure mortgage borrowers could use their cryptocurrency holdings to help secure their loans. Last month, Federal Housing Finance Agency Director William Pulte directed government-backed mortgage giants Fannie Mae and Freddie Mac to come up with proposals … Read more
Digital trading platform eToro (ETOR) shared plans on Tuesday to tokenized U.S-listed equities on the Ethereum blockchain, joining rivals to move towards blockchain-based marketplaces. The ERC-20 tokens will represent the underlying shares held on eToro and can be redeemed back into traditional stock holdings, according to the press release. The company said the aim is … Read more
Bitmain, one of the largest producers of crypto mining hardware, is set to open its first facility in the U.S. over the next few months, Bloomberg reported, citing the company's global business chief, Irene Gao The maker of Antminer rigs, which currently manufacturers across southeast Asia, plans to set up a U.S. base and assembly … Read more
Bridgewater Associates founder Ray Dalio is calling for investors to allocate 15% of their portfolios to bitcoin (BTC) or gold, citing heightened risks from the U.S.’s accelerating debt burden and long-term currency devaluation. “If you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or … Read more