Eight decades of dollar history can be read as a three-act play. Act I was the Eurodollar—off-shore bank deposits that sprang up in 1950s London so the Soviet bloc, European exporters, and eventually every multinational could hold dollars outside U.S. regulation, spawning a multi-trillion-dollar shadow banking base. Act II was the Petrodollar. After 1974, OPEC’s…
Key Takeaways: Federal stablecoin legislation could unlock $240 billion in institutional capital. Without clear rules, the U.S. risks losing its stablecoin dominance to offshore issuers. Regulatory delays push crypto innovation to friendlier jurisdictions. On May 6, Coinbase chief executive Brian Armstrong urged Congress to move stablecoin and broader crypto market rules across the finish line…
Democrats in the U.S. House of Representatives derailed what was supposed to be a joint hearing on crypto policy efforts on Tuesday, insisting that President Donald Trump’s personal crypto dealings were too urgent to allow other discussion on instituting industry regulations. “I object to this joint hearing because of the corruption of the president of…
Crypto staking firm Figment is actively pursuing acquisition targets as part of a broader wave of digital asset mergers and acquisitions sparked by renewed optimism under the Trump administration’s pro-crypto stance. Figment CEO and co-founder Lorien Gabel said in an interview that the company is eyeing deals in the $100 million to $200 million range.…
Bitcoin’s latest bout of price weakness may have less to do with macroeconomic jitters and more with American whales quietly stepping off the gas. The telltale sign is a drop in the Coinbase Premium, an often overlooked indicator of U.S. investor sentiment, which now appears to signal growing selling pressure from investors based in the…
The European Central Bank (ECB) said it set up an innovation hub with 70 participants to test its digital euro project. The participants included start-ups, banks and payment services including global professional services company Accenture, Swiss telecommunications company Swisscom, Spanish bank CaixaBank and audit and tax firm KPMG, it said in a Monday release. The…
Formerly known as Janover (JNVR), DeFi Development Corporation (DFDV has added an additional 82,404 solana (SOL) tokens to its treasury, pushing its total holdings to 400,091 SOL. At SOL’s current price of $143, the company stack is worth more than $57 million. The newly acquired tokens include locked SOL, purchased through BitGo’s over-the-counter desk, according…
Sentora, a new institutional DeFi platform, has officially launched following the merger of IntoTheBlock and Trident Digital. The combined entity debuts with $25 million in Series A funding, led by New Form Capital with participation from Tribe Capital, Ripple, and others. The initiative brings together more than $3 billion in prior institutional DeFi deployments under…
It is often said that crypto is part technology and part religion. As such, it is hardly surprising that the unfolding regulatory overhaul has been accompanied both by vigorous soul searching related to the state of crypto’s (often anti-establishment) core values and palpable excitement over potential new use cases. With the blessing of CoinDesk, I…
President Donald Trump’s personal involvement in crypto has inspired a vigorous Democratic response in the Senate, including a new bill from Senator Chris Murphy to ban presidents and their families from dabbling in memecoins or issuing other financial assets. As the Connecticut lawmaker was introducing the Modern Emoluments and Malfeasance Enforcement (MEME) Act overnight, fellow…