- Injective, Underperforming in Crypto Markets, Now Plans Layer-3 Chain on Arbitrumby Margaux Nijkerk on May 8, 2024
Injective’s "inEVM," which connects the Ethereum, Cosmos, and Solana networks, will rely on Arbitrum's Orbit toolkit.
- It's Not a Token Offering, It's a 'Node Sale': Sophon Blockchain Raises $60Mby Bradley Keoun on May 8, 2024
The blockchain project's founders aren't even publicly named, but they've enjoyed remarkable success in fundraising, partly thanks to this increasingly popular fundraising method, where the longer you wait, the higher price you pay.
- Thiel-Backed Cryptography Startup Lagrange Raises $13Mby Sam Kessler on May 8, 2024
Lagrange, which specializes in zero-knowledge cryptography, is the latest startup to ride EigenLayer's "restaking" wave.
- Crypto Principal Trader Arbelos Markets Raises $28M Led by Dragonfly Capitalby Krisztian Sandor on May 8, 2024
Before starting Arbelos Markets last year, Tang served as chief investment officer at quantitative digital asset investment firm LedgerPrime while Lim was head of trading strategy at Galaxy and head of derivatives at now-defunct crypto lender Genesis.
- First Mover Americas: Bitcoin Hovers Above $62Kby Jamie Crawley, Omkar Godbole on May 8, 2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
- UK Minister Says Government Only Has Time to Implement Stablecoin, Staking Legislationby Camomile Shumba on May 8, 2024
Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline was is coming later.
- Key Bitcoin Indicator Points to Period of Calm in Crypto Marketby Omkar Godbole on May 8, 2024
BTC's volatility risk premium (VRP) has collapsed in a sign of a market trending towards stability, where future uncertainties are less of a concern.
- Japanese Crypto Exchange Coincheck Sees Nasdaq Listing Completion in Second, Third Quartersby Jamie Crawley on May 8, 2024
Coincheck said the timing is subject to approval by Thunder Bridger IV's stockholders, the SEC and Nasdaq.
- U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactionsby Amitoj Singh on May 8, 2024
Major stakeholders in the U.S. financial sector, including Citi, JPMorgan, Mastercard, Swift and Deloitte, are teaming up to explore sharing ledger technology by simulating multiasset transactions in dollars.
- The Crypto Lawsuit State of Playby Nikhilesh De on May 8, 2024
Last month, Ethereum incubator ConsenSys sued the U.S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security. It's the latest company to follow a growing trend of preemptive litigation against the SEC.
- Crypto Exchange Bitpanda Expands Austrian Presence With Raiffeisen Bank Partnershipby Ian Allison on May 8, 2024
Bitpanda’s crypto offering in partnership with Raiffeisen Bank has been extended beyond Vienna to 55 bank branches across Austria
- Lyra Finance Now Lets Liquid Restaking Token Holders Earn Extra Yields From Automated Trade Strategiesby Omkar Godbole on May 8, 2024
LRT holders can tokenize any yield-bearing strategy to generate an annualized percentage yield of 10% to 50%.
- Indonesia Regulator Forms Crypto Committee to Monitor Industry's Operation, Complianceby Shenna Peter on May 8, 2024
The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia.
- Nearly All FTX Creditors Will Get 118% of Their Funds Back in Cash, Estate Says in New Planby Cheyenne Ligon on May 8, 2024
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.
- Crypto Trading Firm Wintermute to Provide Liquidity for Hong Kong Bitcoin and Ether ETFsby Helene Braun on May 8, 2024
Looking to strengthen its market share in the Asia region, Wintermute will become a liquidity provider to the recently launched Hong Kong-listed spot bitcoin and ether exchange-traded funds.
- BlackRock, Ondo, Superstate: The Biggest Movers in the RWA Sector in Q1by Ryan Rodenbaugh on May 7, 2024
Catching up on the biggest news from the real-world asset space.
- MoMA’s Madeleine Pierpont: NFTs Are Already Part of Art Historyby Daniel Kuhn on May 7, 2024
- Former NFL Star Rob Gronkowski to Pay $1.9M to Settle Crypto Investor Suitby Nikhilesh De on May 7, 2024
The NBA's Victor Oladipo and racecar driver Landon Cassill also struck deals, and a group of Voyager investors said this was the "first tranche" of settlements with promoters of the former cryptocurrency lender.
- Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Launderingby Jesse Hamilton on May 7, 2024
Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers.
- What Visa’s ‘Organic’ Stablecoin Report Missesby Daniel Kuhn on May 7, 2024
- The U.S. Government’s Hypocritical Case Against Tornado Cashby Alexandra Damsker on May 7, 2024
You would think the government would be against an online privacy service facilitating money laundering. But it actually created one of the best, says attorney Alexandra Damsker.
- U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortionby Cheyenne Ligon on May 7, 2024
U.S. authorities have identified Russian national Dmitry Khoroshev as the mastermind behind the notorious LockBit ransomware gang, and are offering a $10 million reward for information that leads to his arrest.
- Robert F. Kennedy Jr., a Pro-Crypto Presidential Candidiate, to Appear at Consensus 2024by Nick Baker on May 7, 2024
"As an environmental lawyer, scion of a Democratic political dynasty, and now maverick presidential candidate, Kennedy will explain his support for cryptocurrency and self-custody," according to a statement.
- Ethena's ENA Jumps 8% as Bybit Endorses USDe Token as Collateral for Derivatives Tradingby Krisztian Sandor on May 7, 2024
Ethena's USDe tokenized yield strategy has attracted over $2 billion in deposits and some scrutiny of the token's risks.
- Solana and Cosmos Lead CoinDesk 20 Higher: CoinDesk Indices Market Updateby Tracy Stephens on May 7, 2024