📰 Counting down the days: State of Crypto
The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining priorities in August. And obviously, the fate of Clarity is one of those priorities.
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.
🔗 Source: CoinDesk
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The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining priorities in August. And obviously, the fate of Clarity is one of those priorities.
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.
🔗 Source: CoinDesk
📌 Read full
#Crypto #News
📰 Coldcard wallet losses may near $114 million as possible fourth sweep emerges
A fourth wave of sweeps against bitcoinBTC$63,542.37addresses generated by the Coldcard cold wallet began early Monday and was still running hours later. This time, however, researchers say the transactions can be overridden while they sit unconfirmed.
Alex Thorn, head of firmwide research at Galaxy Research,flagged the active waveand said the attackers opted into replace-by-fee, a Bitcoin feature that lets a pending transaction be overwritten by a later one paying a higher fee. Until a transaction confirms, a victim who finds their address in the mempool — the queue of unconfirmed transactions — can pay more and move the coins out first.
🔗 Source: CoinDesk
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#Crypto #News
A fourth wave of sweeps against bitcoinBTC$63,542.37addresses generated by the Coldcard cold wallet began early Monday and was still running hours later. This time, however, researchers say the transactions can be overridden while they sit unconfirmed.
Alex Thorn, head of firmwide research at Galaxy Research,flagged the active waveand said the attackers opted into replace-by-fee, a Bitcoin feature that lets a pending transaction be overwritten by a later one paying a higher fee. Until a transaction confirms, a victim who finds their address in the mempool — the queue of unconfirmed transactions — can pay more and move the coins out first.
🔗 Source: CoinDesk
📌 Read full
#Crypto #News
📰 Robinhood wins UK crypto registration before new regulatory regime kicks off
Crypto-friendly trading platform Robinhood (HOOD) is now registered to offer cryptocurrency services in the U.K.
Robinhood’s U.K. arm was added to the Financial Conduct Authority’s (FCA)list of registered cryptoasset companiesas of July 31.
🔗 Source: CoinDesk
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Crypto-friendly trading platform Robinhood (HOOD) is now registered to offer cryptocurrency services in the U.K.
Robinhood’s U.K. arm was added to the Financial Conduct Authority’s (FCA)list of registered cryptoasset companiesas of July 31.
🔗 Source: CoinDesk
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📰 The bitcoin futures yield collapse: Once over 20%, now less than Treasury notes
Once a goldmine for carry traders, bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February.
Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchangesduring the 2021 bull market.The strategy involved shorting bitcoinBTC$63,741.36futures while simultaneously buying a spot exchange-traded fund (ETF). Now they return just 3% compared with an average 3.8% yield on two-year Treasuries.
🔗 Source: CoinDesk
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Once a goldmine for carry traders, bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February.
Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchangesduring the 2021 bull market.The strategy involved shorting bitcoinBTC$63,741.36futures while simultaneously buying a spot exchange-traded fund (ETF). Now they return just 3% compared with an average 3.8% yield on two-year Treasuries.
🔗 Source: CoinDesk
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#Crypto #News
📰 Bitcoin, ether decline as Coldcard exploit enters a fifth day
BitcoinBTC$63,607.21and ether (ETH) are under pressure as the multimillion-dollar hack of the hardware wallet Coldcardenters a fifth day, raising questions over the safety of direct custody as a holding strategy.
The incident has rocked sentiment on crypto social media, with numerous small holderscomplaining oflosing long-term holdings and reassessing their faith in crypto.
🔗 Source: CoinDesk
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#Crypto #News
BitcoinBTC$63,607.21and ether (ETH) are under pressure as the multimillion-dollar hack of the hardware wallet Coldcardenters a fifth day, raising questions over the safety of direct custody as a holding strategy.
The incident has rocked sentiment on crypto social media, with numerous small holderscomplaining oflosing long-term holdings and reassessing their faith in crypto.
🔗 Source: CoinDesk
📌 Read full
#Crypto #News
📰 BlackRock expands tokenized cash with new blockchain-based money market offerings
BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday.
Back in May of this year,BlackRock filedfor the new products with the U.S. Securities and Exchange Commission (SEC).
🔗 Source: CoinDesk
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BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday.
Back in May of this year,BlackRock filedfor the new products with the U.S. Securities and Exchange Commission (SEC).
🔗 Source: CoinDesk
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#Crypto #News
📰 Jim Cramer plans to sell his Bitcoin over quantum fears as BTC rises 1.6%
The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme.
🔗 Source: Cointelegraph
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The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme.
🔗 Source: Cointelegraph
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#Crypto #News
📰 Intesa Sanpaolo slashed IBIT stake by 94% in 2Q, tripled ether ETF holding as crypto prices slumped
Intesa Sanpaolo (ISP), Italy’s second-largest bank by market capitalization, reduced its bitcoinBTC$64,102.11exposure through the iShares Bitcoin Trust (IBIT) ETF, in the second quarter, cutting its stake by 94% and nearly eliminating call options as the price of the largest cryptocurrency tumbled.
The bank reported owning 40,723 shares of IBIT valued at $1.36 million as of June 30, down from 646,809 shares three months earlier, according toits latest filings. The bank also got rid of 99% of its call options, which give it the right, but not the obligation, to buy shares in the ETF at a predetermined price, while adding put options, which give the equivalent right to sell.
🔗 Source: CoinDesk
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Intesa Sanpaolo (ISP), Italy’s second-largest bank by market capitalization, reduced its bitcoinBTC$64,102.11exposure through the iShares Bitcoin Trust (IBIT) ETF, in the second quarter, cutting its stake by 94% and nearly eliminating call options as the price of the largest cryptocurrency tumbled.
The bank reported owning 40,723 shares of IBIT valued at $1.36 million as of June 30, down from 646,809 shares three months earlier, according toits latest filings. The bank also got rid of 99% of its call options, which give it the right, but not the obligation, to buy shares in the ETF at a predetermined price, while adding put options, which give the equivalent right to sell.
🔗 Source: CoinDesk
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#Crypto #News
📰 Bitcoin flat at $64,000 as stocks print records and Hormuz deal nears
Bitcoin and other majors were little changed on Wednesday even as global equities pushed to fresh records on renewed enthusiasm for the AI trade, leaving crypto out of a rally it would normally follow.
BTC traded just above $64,000, up under 1% on the day and roughly flat over seven days. Ether slipped to $1,864 and is down 2% on the week, the only major in the red on that view. XRP fell almost 1% to $1.07, dogecoin the same to just under 7 cents and tron under 1% to 33 cents. Solana was flat near $73.60. BNB added over 1% to $598 and leads the majors over seven days at 5%. Hyperliquid's HYPE was the standout, up 3% to nearly $56 and 3% higher on the week.
🔗 Source: CoinDesk
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#Crypto #News
Bitcoin and other majors were little changed on Wednesday even as global equities pushed to fresh records on renewed enthusiasm for the AI trade, leaving crypto out of a rally it would normally follow.
BTC traded just above $64,000, up under 1% on the day and roughly flat over seven days. Ether slipped to $1,864 and is down 2% on the week, the only major in the red on that view. XRP fell almost 1% to $1.07, dogecoin the same to just under 7 cents and tron under 1% to 33 cents. Solana was flat near $73.60. BNB added over 1% to $598 and leads the majors over seven days at 5%. Hyperliquid's HYPE was the standout, up 3% to nearly $56 and 3% higher on the week.
🔗 Source: CoinDesk
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📰 S&P gives BlackRock tokenized reserve fund top stability rating
The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework.
🔗 Source: Cointelegraph
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The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework.
🔗 Source: Cointelegraph
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#Crypto #News