Bitcoin miner Riot Platforms (RIOT) finds itself a target of a second activist investor, with Reuters reporting investment management giant D.E. Shaw as having taken an unspecified stake. The move by D.E. Shaw, which manages $70 billion in assets, comes just weeks after another activist investor, Starboard Value (roughly $9 billion in AUM), took a … Read more
The crypto political action committee that stunned U.S. politics last year, Fairshake, successfully weighed in again in a pair of Florida special elections to replace Republican members of Congress, likely adding to its list of lawmakers who have the industry to thank for campaign support. A primary election closed Tuesday night, giving pro-crypto candidates supported … Read more
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). To say that MicroStrategy (MSTR) has been at the lead of creatively raising capital with which to buy massive amounts of bitcoin (BTC) would be an understatement. Led by Executive Chairman Michael Saylor, the company this week opened a new front along those … Read more
Trump Media and Technology Group (DJT), the company that operates the social media site Truth Social, announced Wednesday it is launching a financial services platform focusing on crypto and customized exchange-traded funds. The company’s board approved an investment of up to $250 million at major asset manager Charles Schwab (SCHW). The funds may be allocated … Read more
Web3 technologies are poised to transform the world of commerce just as Web2 revolutionized access to information. The result will be a vast, open, liquid digital marketplace where all physical goods can be listed and traded seamlessly. In the early days of the internet, information was siloed within proprietary networks. Over time, the zero marginal … Read more
YZi Labs, the rebranded venture capital arm of crypto exchange Binance, made its first investment following founder Changpeng “CZ” Zhao’s release from prison, Fortune reported on Wednesday. The company formerly known as Binance Labs led a $16 million funding round into Sign, a startup that seeks to simplify token distribution and bring verification of credentials … Read more
Digital Currency Group (DCG) is spinning off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining that will mine crypto across a range of digital assets, the company said Wednesday. What makes Fortitude Mining different is that it will not only mine bitcoin (BTC), but other proof-of-work protocols as well, … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3686.16, down 0.8% (-30.23) since 4 p.m. ET on Tuesday. Four of 20 assets are trading higher. Leaders: UNI (+5.1%) and NEAR (+0.5%). Laggards: ICP (-3.2%) and BCH (-2.2%). … Read more
Crypto accounting platform Cryptio has raised $15 million in an extension to its Series A funding round from June 2022. Existing investor Alven led the round and featured participation from new backers 1kx and Ledger Cathay Capital, Cryptio told CoinDesk via email on Wednesday. The $15 million raised takes the total for the Series A … Read more
The U.S. M2 money supply increased in December to $21.5 trillion, just shy of its all-time high. The M2 money supply measures the total amount of money in circulation within an economy, including both liquid and less liquid assets. Meanwhile, the CPI index tracks the average price change of goods and services over time, which … Read more