Finance

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

After more than a decade building infrastructure for exchanges, financial institutions and central banks, R3 saw the market starting to bend in a new direction. About a year ago, the firm initiated a strategic reset, asking a simple but fundamental question: what is the best way for customers to move assets fully onchain? Todd MacDonald, … Read more

The U.S. Securities and Exchange Commission (SEC) agreed to dismiss a lawsuit against crypto exchange Gemini on Friday, tied to the company’s defunct Earn product, saying the suit was no longer warranted. The SEC sued Gemini and Genesis Global Capital in 2023, alleging the companies had sold unregistered securities in the form of Gemini’s yield-bearing … Read more

Some of the U.S. Senate Democrats in the negotiation over the crypto market structure bill filed requested amendments on Friday, seeking a number of their top policy requests in the draft legislation pushed by Republicans in the Senate Agriculture Committee. The draft they’re trying to change was unveiled as a partisan effort without Democratic sign-off … Read more