Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
The country’s financial watchdog says its proposed stablecoin rules are aligned with U.S. and EU frameworks and that it also paves the way for...
Hut 8’s Texas power site sits inside Anthropic’s $35 billion AI deal
The company’s Texas campus has two long-term leases worth $19.6 billion, more than 260 times its latest quarterly revenue, as AI companies race to...
Ethena pushes stablecoins into everyday banking with high-yield savings, cards and payments
Ethena Pay offers a 6% dollar savings rate and 5% card cashback, using Avalanche for settlement.
UK’s crime agency freezes Premier League $13.5 million account in crypto crime probe
Authorities targeted funds from a $140 million sponsorship deal with crypto firm Sorare, though law enforcement confirmed no wrongdoing by the Premier League.
Firelight raises $8 million, expands beyond XRP as it aims to make DeFi less scary for fintechs
The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders...
Musk’s X hit by wave of unsolicited password reset emails
Multiple crypto industry figures and CoinDesk staff received unexpected password reset emails on Tuesday, though there is no evidence yet that X itself has...
Bitcoin enters ‘Rektember’ as rate-hike risk combines with seasonality to threaten rally
September has historically been a poor month for risk assets in general, and bitcoin, in particular.
Robinhood’s new crypto network is printing cash, and it’s sending Arbitrum’s token soaring
Revenue on Robinhood Chain hit a 24-hour record of $1.9 million, driving a 30% rally in ARB as traders chased downstream gains.