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JPMorgan maintains its cautious stance on crypto markets. (Shutterstock)
Markets

Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says

Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.

May 2, 2024

(Jason Dent/ Unsplash)
Finance

Crypto for Advisors: Digital Asset Custody’s Future

Once they reach a certain level of sophistication, there’s a clear trend for Web3 asset holders to transition their digital asset wealth to self-custody.

May 2, 2024

Sen. Elizabeth Warren is demanding to know what U.S. authorities are doing about Iranian crypto mining. (Kent Nishimura/Getty Images)
Policy

U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining

In a letter to top officials, Sens. Elizabeth Warren and Angus King flagged Iran's reliance on cryptocurrency mining as a way to evade sanctions pressure.

May 2, 2024

Atmosphere
Technology

Protocol Village: Polyhedra Says Open-Source ZK Proof System 'Expander' 2x Faster Than Alternatives

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 2-8.

May 2, 2024

Michael Saylor, executive chairman of MicroStrategy (Michael.com)
Technology

MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals

MicroStrategy has already built one application using its service. "Orange For Outlook" integrates digital signatures into emails to enable recipients to verify the identity o...

May 2, 2024

Untangled Finance co-founders Quan Le (left) and Manrui Tang (right) (Untangled Finance)
Finance

Tokenized Private-Credit Platform Untangled Opens Its First USDC Lending Pool on Celo

Private credit has been at the forefront of crypto's asset tokenization trend with over $600 million outstanding in on-chain assets.

May 2, 2024

LayerZero co-founders CTO Ryan Zarick and CEO Bryan Pellegrino (Chung Chow, BIV)
Finance

LayerZero Takes Snapshot as Airdrop Draws Closer

The interoperability protocol indicated that there will be a series of airdrops.

May 2, 2024

Sale sign (Markus Spiske/Unsplash)
Finance

Bitcoin Miner Stronghold Looking at Options, Including Sale of Company

The miner is looking at options including sale of all or part of the company and other strategic transactions.

May 2, 2024

Halsey Huth. works the MoonPay booth at the Bitcoin 2021 Convention. (Joe Raedle/Getty Images)
Finance

MoonPay Users Can Now Buy Crypto Via PayPal

The partnership means MoonPay users in the U.S. can seamlessly buy crypto with PayPal through wallet transfer, bank transfer, and debit card transactions, according to a press...

May 2, 2024

Ironlight co-founders: Rob McGrath, CEO (left) and Matt Celebuski (right), president and COO (Ironlight, modified by CoinDesk)
Finance

TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval

Ironlight, helmed by the former global head of trading of Schroders and Abu Dhabi sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tok...

May 2, 2024

Lybra Finance launched its version 2 test network on Arbitrum Wednesday morning. (Getty Images)
Technology

Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App 'Kiosk'

Mirror and Paragraphs are rivals in the Web3 publishing space, and their deal allows Mirror's team to operate as an independent company focused exclusively on social media.

May 2, 2024

Tigran Gambaryan, Binance's head of crime compliance, is one of two executives detained in Nigeria. (Shutterstock/Consensus)
Policy

Binance Nigeria Money Laundering Trial Delayed to May 17, Says Gambaryan Family Spokesperson

Binance's lawyer needed more time to look at evidence from Nigeria's Economic and Financial Crimes Commission.

May 2, 2024

BTC price FMA, May 2 2024 (CoinDesk)
Markets

First Mover Americas: BTC Stabilizes Around $58K Following Yesterday's Rout

The latest price moves in crypto markets in context for May 2, 2024.

May 2, 2024

Bitcoin volatility is falling. (Shutterstock)
Markets

Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity

The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.

May 2, 2024

(Jim Henderson, modified by CoinDesk)
Finance

BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs

The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, BlackRock’s head of digital assets sai...

May 2, 2024

Calculator, scientific. (kaboompics/Pixabay)
Markets

Bitcoin 'Call Writing' Back in Vogue as Cash And Carry Strategy Loses Shine

Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.

May 2, 2024

The sinking of the Titanic painted by German artist Willy Stoewer. (Gettyimages/BettmannArchive)
Finance

Former FTX Europe Head Pays $1.5M for Gold Watch Recovered From Titanic: WSJ

Gruhn said he bought the watch for his wife, Maren Gruhn, and that they would display the watch in museums, according to the report.

May 2, 2024

Arrest (Sasun Bughdaryan / Unsplash)
Policy

Rabotnik, Affiliate of Ransomware Group REvil, Sentenced to 13 Years in Jail

Rabotnik, 24, has also been ordered to pay over $16 million in restitution.

May 2, 2024

Net inflows into U.S.-based spot BTC ETFs. (CoinGlass)
Markets

BlackRock's Bitcoin ETF Posts First Day of Outflows, Leading Record $563M Exit From U.S. Spot Products

Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls.

May 2, 2024

(Photos from Smorshedi/Wikimedia Commons and CoinDesk/Flickr, modified by CoinDesk)
Consensus Magazine

CZ’s Trial Proves It Pays to Cooperate

His four-month sentence was vindication for the Binance founder’s legal strategy.

May 2, 2024