Real-world asset tokenization firm Securitize appointed Michael Sonnenshein, formerly CEO of asset management company Grayscale Investments, as chief operating officer. “There is massive demand for tokenization, and I am thrilled to join Securitize at such a pivotal moment for the company and the industry,” Sonnenshein said in a Thursday statement. His appointment started on Dec. … Read more
Avalanche, the layer-1 blockchain that is upgrading its technology platform, has raised $250 million in a token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. More than 40 investment firms participated in the deal. The sale follows the project’s Avalanche9000 upgrade went live in a testnet environment. The overhaul aims to make it cheaper … Read more
The power-hungry AI revolution is already spiking global demand for energy. That’s putting a bigger focus on nuclear energy, and with it — according to one venture capital company — the need for better ways to trade the fuel that makes fission possible. For crypto-focused VC firm Portal Ventures, the answer was downright radioactive. The … Read more
This is the second in a series of stories examining the crypto industry’s high-stakes 2024 foray into politics and campaigning. The first explored the electoral track record of Fairshake PAC’s strategy. While politicians battled each other across the 2024 U.S. electoral map, the crypto industry ran an unprecedented test of a 14-year-old Supreme Court decision … Read more
Solana Foundation’s former stablecoin lead Anna Yuan has left the mothership to build her own startup catering to the fast-growing crypto subsector. The company building Perena, a stablecoin trading infrastructure project, raised “around $3 million” in a pre-seed funding round led by Borderless Capital, Yuan told CoinDesk in an interview last month. Perena isn’t solely … Read more
<a href="https://www.coindesk.com/indices/" target="_blank">CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href="https://www.coindesk.com/indices/cd20/" target="_blank">CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3895.67, up 1.7% (+65.05) since 4 pm on Wednesday. Seventeen of 20 assets are trading higher. Leaders: LINK (+15.9%) and UNI (+8.6%). Laggards: HBAR (-0.4%) … Read more
Investor demand, onchain metrics and network activity are setting up ether (ETH) to reach a $5,000 level for the first time, CryptoQuant analysts said in a report. Ether spot ETFs posted a 13-day inflow streak on Wednesday to reach nearly $2 billion in cumulative net inflows. The funds attracted their first billion from July to … Read more
Vancouver, British Columbia’s city council has passed a motion to explore the possibility of accepting bitcoin (BTC) for payment of taxes and fees as well as establishing a bitcoin reserve. The motion, prepared by Mayor Ken Sim, calls for “diversifying the City of Vancouver’s financial reserves and payment options to include bitcoin.” “It would be … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is looking to maintain the bullish momentum ignited by Wednesday’s U.S. CPI report, which matched estimates and cleared the path for another Federal Reserve rate cut next week. BTC has retaken $100,000 and ether is again eyeing $4,000. A number of tokens, including … Read more
Bitcoin (BTC), the largest cryptocurrency by market capitalization, is fighting a big milestone trying to sustain a $2 trillion market cap and a $100,000 price. Once bitcoin has conclusively overcome these milestones, there may be clear skies ahead. Bitcoin has rallied over $30,000, since Donald Trump won the U.S. election in November, which coincided with … Read more