Morpho, a permissionless cryptocurrency lending protocol, unveiled an update that seeks to further align decentralized finance (DeFi) with traditional lending by bringing more in the way of bespoke, predictable loan terms. Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms, features previously unseen in DeFi, which are required to [...]
Conduit, a stablecoin-focused cross-border payments provider, said on Thursday it has teamed up with Brazil's Braza Group for real-time foreign exchange (FX) swaps between the Brazilian real and major foreign currencies using stablecoins. The service allows users to convert Brazilian real to U.S. dollars or euros and settle transactions in [...]
Christopher Wong, a former FBI Supervisory Special Agent and a leading figure in the agency’s cryptocurrency investigations, has joined blockchain intelligence firm TRM Labs. "Chris is not only one of the most talented and respected investigators in the world, he’s also an inspiring colleague who makes everyone around him better," [...]
Strategy (MSTR) has officially launched trading of its third "bitcoin-backed preferred stock", STRD, on the Nasdaq, with shares making their debut on Wednesday. The new security, formally named the 10% Series A Perpetual Stride Preferred Stock (STRD), closed the day slightly higher, gaining 0.24%. STRD offers a fixed 10% annual [...]
The international unit of Alipay owner Ant Group plans to seek stablecoin licenses in Hong Kong and Singapore, Bloomberg reported on Thursday. Ant International will apply for a stablecoin issuer's license once the regulatory regime comes into effect in August, according to the report, citing people familiar with the matter. [...]
Wednesday's auction of 10-year U.S. Treasury notes undermined the narrative that investors are moving away from U.S. government debt, the bedrock of global finance, and pouring money instead into bitcoin BTC and gold. Thursday's sale of $22 billion of 30-year bonds may provide further clues to investor confidence in the [...]
Dogecoin DOGE experienced sharp swings over the past 24 hours, initially surging to 20 cents before falling to 19.1 cents, representing a 6.63% range. The meme coin formed a V-shaped recovery pattern late in the session, climbing back to $0.192 with rising volume, though resistance remains firm around just above [...]
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. As Asia begins its Thursday business [...]
GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering. Proceeds will be used at least in part for "making investments in a manner consistent with GameStop’s Investment Policy," per a company press release. Said investment policy is to add bitcoin [...]
The U.S. Senate took the initial steps toward final approval of its first major crypto legislation as members opened voting Wednesday on the bill to set standards for U.S. stablecoin issuers, clearing the highest procedural hurdle with a 68-30 result. In a moment that will mark the industry's greatest U.S. [...]