Crypto exchange Gemini has hired Brad Vopni as head of institutional, the company told CoinDesk in an exclusive interview. Vopni will be responsible for overseeing and executing the firm’s institutional strategy. Gemini is already working with exchange-traded fund (ETF) providers such as VanEck, Purpose, Evolve, 7RCC, and Monochrome, the company said. “With a crypto-native platform…
Movement Labs has removed co-founder Rushi Manche and restructured under a new name, Move Industries. The company announced Manche’s termination on May 7, saying: “Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon.” The decision follows a high-profile investigation…
The streak of inflows spot Bitcoin ETFs saw in May was broken on May 6 with an $85.7 million outflow. Before this reversal, ETFs saw $422.5 million in inflows on May 1, $674.9 million on May 2, and another $425.5 million on May 5. These inflows were mostly driven by BlackRock’s IBIT, which continued to…
Bitcoin (BTC) is now up 3% since the beginning of May, after gaining 14% gain in April. Inflows into BTC exchange-traded funds (ETFs) have accelerated over the past two weeks, while consistent bitcoin treasury accumulation continues to support the market. From an on-chain perspective, Glassnode data shows that both short-term holders (STHs) and long-term holders…
Global payments service provider Visa’s (V) venture capital arm made a strategic investment in BVNK, a startup building stablecoin-based payment infrastructure, in a move that reflects legacy financial financial firms’ push into blockchain-powered money movement. “Visa’s deep expertise in building global payment networks, combined with our stablecoin infrastructure, creates powerful possibilities for redefining how businesses…
Ethereum has activated the Pectra upgrade on its mainnet, marking a significant milestone for the blockchain network. The upgrade went live at epoch 364032 on May 7 around 10:05 UTC. Tim Beiko, the Ethereum Foundation’s Protocol Support Lead, confirmed the upgrade, stating that Pectra had successfully gone live and finalized. He noted that ongoing testing…
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Crypto bears might want to closely watch bitcoin’s (BTC) recent chart patterns, which mirror those that preceded the late 2024 rally from $70,000 to $109,000. The first pattern involves the weekly chart’s Moving Average Convergence Divergence (MACD) histogram, a momentum…
Senate Democrats have introduced new legislation aimed at curbing financial gains by federal official, including former President Donald Trump and his family, through cryptocurrency ventures. The move comes amid growing scrutiny over Trump-linked digital asset projects, including a meme coin that has drawn significant public attention. The proposed legislation, titled the Modern Emoluments and Malfeasance…
By Francisco Rodrigues (All times ET unless indicated otherwise) It’s Federal Open Market Committee day in the U.S., and while there’s little expectation of a change in interest rates, the market’s attention will be focused on Federal Reserve Chair Jerome Powell’s comments at the FOMC’s press conference. The CME’s FedWatch tool is pointing to a…
Bitcoin markets are bracing for potential turbulence as the Federal Open Market Committee prepares to conclude its May 6-7 meeting. While the federal funds rate is widely expected to remain unchanged at 4.33% (target 4.25%−4.50%), attention will turn to the tone and nuance of Chair Jerome Powell’s subsequent press conference at 2 P.M. EST, which may…