Agora, a startup founded by entrepreneur and VanEck heir Nick van Eck, is positioning itself for a stablecoin market that’s moving beyond crypto-native trading. While decentralized finance (DeFi) remains a key growth engine – Agora’s total value locked (TVL) grew 60% last month from DeFi launches, he said — his focus is shifting toward a … Read more
The number of Bitcoin (BTC) nodes signaling support for Bitcoin Improvement Proposal 110 (BIP-110), a temporary soft fork limiting the amount of data included in each transaction at the consensus level, rose to 2.38%. 583 out of 24,481 nodes are running BIP-110, and the primary node software implementation for running the soft fork proposal is … Read more
After selling a significant portion of its crypto stash over the past months, Ethereum-focused treasury firm ETHZilla has now added jet engines to its balance sheet. A Friday filing to the U.S. Securities and Exchange Commission (SEC) shows that the company bought two CFM56-7B24 aircraft engines for $12.2 million through a newly formed subsidiary, ETHZilla … Read more
Spacecoin, a decentralized physical infrastructure network (DePIN), has launched its SPACE token, marking a key step in the company’s plan to create a decentralized satellite internet network, just days after partnering with the Trump family-linked decentralized finance project World Liberty Finance. The token is now live across centralized exchanges, including Binance, Kraken, and OKX, as … Read more
Nifty Gateway, the non-fungible token (NFT) trading platform that was once central to the 2021 digital art boom, will shut down on Feb. 23, 2026. Starting immediately, the platform has entered withdrawal-only mode, giving users one month to move any NFTs or funds still on the site, according to an announcement from the company. The … Read more
U.S. authorities arrested former Canadian snowboarding star Ryan Wedding on Friday, taking down a suspected drug kingpin they said used cryptocurrency networks to move and launder proceeds from his criminal enterprises. U.S. Attorney General Pam Bondi called Wedding a “onetime Olympian snowboarder-turned alleged violent cocaine kingpin,” in a statement, and she said he’s been flown … Read more
Strategy (MSTR) introduced its first non-U.S. perpetual preferred product, Stream (STRE), in November, aiming to tap demand across the European Economic Area (EEA). However, it didn’t pan out the way Michael Saylor’s firm intended. The preferred share was issued with a stated value of EUR100 ($115) per share, pays a 10% annual dividend, and sits … Read more
There will come a time when this newsletter is not about crypto market structure legislation. But this is not that time. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The Senate Agriculture Committee published its new draft … Read more
The proposed restrictions on stablecoin yields under the US CLARITY Act risk driving capital out of regulated markets and into offshore, opaque financial structures. Colin Butler, head of markets at Mega Matrix, said banning compliant stablecoins from offering yield would not protect the US financial system, but instead sideline regulated institutions while accelerating capital migration … Read more
The United States’ geopolitical brinkmanship over Greenland has thrown its economic ties to the EU into sharp relief. European powers are considering what instruments it has to combat US belligerence, including the “nuclear option” of offloading US debt. The tone has shifted after a supposed “framework of a deal” at Davos, and US ambitions to … Read more