The Monad Foundation officially confirmed on X that its token airdrop is scheduled for November 24, offering ecosystem users a firm date for what has been one of the most-watched airdrop events of the year. This sets the stage for the distribution of MON tokens to early and active contributors ahead of the network’s eventual … Read more
Tokenizing collateral and moving it instantly across borders is no longer a theory, it’s happening. But at a panel discussion at the SmartCon conference in New York on Wednesday, executives from Citi, DTCC and Taurus warned that while the technology has caught up, regulation hasn’t. Ryan Rugg, global head of digital assets at Citi Treasury … Read more
The Canadian government has planted a flag committing itself to legislation that’ll regulate stablecoins backed by its dollar, following in the recent footsteps of its U.S. neighbors who passed a new law to govern stablecoin issuers there over the summer. With the release of Budget 2025 on Tuesday, the government said it is focused on … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: ZKsync Proposal Aims to Tie ZK Token to Network Revenue Olas Unveils Pearl v1, the First ‘AI Agent App Store’ Ethereum Developers Lock In Fusaka Upgrade for Dec. 3 … Read more
Welcome to the institutional newsletter, Crypto Long & Short. This week: Sygnum Bank’s Pascal Eberle writes that investors are recognizing that custody is less about holding assets and more about proving you’re holding them correctly. CoinDesk Indices’ Andy Baehr provides a “Vibe Check,” writing about how on the heels of NYC election day, among other … Read more
HBAR extended its advance on Tuesday, gaining 1.31% to $0.1725 as trading volume climbed 38% above the 30-day average. The move tracked broader crypto market momentum, supported by steady institutional flows. Despite the lack of fundamental catalysts, elevated activity points to renewed trader interest in the Hedera network token. The price action reflected a period … Read more
BONK edged higher in the last 24 hours, rising 2.84% up at $0.00001215, establishing a well-defined consolidation range as price stabilized above key support levels, according to CoinDesk Research’s technical analysis data model. Volume spiked to 2 trillion tokens at around 20:00 UTC Tuesday — roughly 134% above the daily average — as BONK rebounded … Read more
Hut 8’s (HUT) Tuesday third quarter earnings report showed record revenue and solid profitability, but the stock tumbled nearly 13% after investors were let down by the lack of an AI hyperscaler tenant announcement at its River Bend site in Louisiana, Wall Street broker Benchmark said in a report on Wednesday. The selloff was “short-sighted … Read more
The U.S. Treasury Department on Tuesday sanctioned eight individuals and two entities connected to North Korea’s cybercrime operations. The move targets the flow of crypto stolen by DPRK hackers and laundered through overseas networks. Over the past three years, North Korea-affiliated cybercriminals have stolen more than $3 billion, mostly in crypto, according to the Treasury … Read more
Sequans Communications S.A. (NYSE: SQNS) sold 970 Bitcoin to redeem 50% of its July convertible debt. The move reduced total debt from $189 million to $94.5 million. The company’s Bitcoin treasury now stands at 2,264 BTC, worth about $240 million. This lowers Sequans’ debt-to-net-asset-value ratio from 55% to 39%. The sale frees up capital and … Read more