Galaxy Digital (GLXY) and Sharplink (SBET) are teaming up to put part of the latter’s staked ETH treasury into decentralized finance (DeFi) strategies. The Galaxy Sharplink Onchain Yield Fund would receive $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy, the companies said. Galaxy is set to manage the investment, which is … Read more
DeFi lender Aave and other stakeholders impacted by last month’s Kelp DAO hack have launched a binding Arbitrum governance vote to transfer $71 million in disputed ether into an Aave LLC-controlled address A Constitutional Arbitrum Improvement Proposal, or AIP, is the DAO’s formal on-chain governance mechanism for approving binding protocol actions. This amended proposal implements … Read more
Circle’s (CRCL) upcoming Arc blockchain and its $222 million token presale are raising a broader question for crypto investors: should Circle still be valued mainly as a stablecoin issuer, or as an infrastructure company building the rails for digital finance? Alongside its quarterly earnings this week, the company announced a major fundraising round for Arc … Read more
When Strategy (MSTR), the largest publicly traded company holding bitcoin, first floated the idea of selling its bitcoin stash to fund its dividend obligations during its recent earnings call, it raised concerns among investors and the crypto community. However, executive chairman Michael Saylor sat down with CoinDesk senior analyst James Van Straten at Consensus in … Read more
Bitcoin price hovered in a tight range around 82,000 today, extending a week of steady but cautious gains as structural forces, not retail hype, set the tone for the market. At time of writing, Bitcoin price trades near 82,000, up about 0.65% from Sunday morning but still roughly 22% below its level a year ago … Read more
American Bankers Association (ABA) CEO Rob Nichols sent an emergency Sunday letter to every bank CEO in the country, urging “immediate engagement” against what he called a stablecoin yield loophole in the Digital Asset Market Clarity Act, days before a Senate Banking Committee markup scheduled for Thursday. The letter, dated May 11 — Mother’s Day … Read more
The Senate Banking Committee has set May 14 as the date for its long-delayed markup of the Digital Asset Market Clarity Act, the most consequential piece of cryptocurrency legislation ever to reach this stage in Congress, as a last-minute lobbying blitz from major banks and a Democratic ethics standoff threaten to derail the bill before … Read more
Strategy (NASDAQ: MSTR) purchased 535 bitcoin for approximately $43.0 million at an average price of $80,340 per coin, the company disclosed Monday in a Form 8-K filing. The firm now holds 818,869 BTC, acquired for roughly $61.86 billion at an average cost of $75,540 per bitcoin, and has recorded a bitcoin yield of 9.4% year-to-date … Read more
Major financial assets and the American consumer are moving in opposite directions, telling two very different stories about the U.S. economy. Bitcoin, the leading cryptocurrency by market value and a macro asset, jumped 11.8% last month, the largest gain since April 2025 and has since extended the rally by nearly 6% to $80,700, CoinDesk data … Read more
The biggest decentralization move bitcoin mining has seen in years just happened quietly, with seven of the largest pools agreeing to back the same open standard. Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND have all joined the Stratum V2 working group, the group announced last week. Stratum V2 is an open-source protocol … Read more