Author: Coindesk

Dubai’s crypto regulator has issued an alert, warning of firms falsely claiming to be part of the city’s high-profile real estate tokenization pilot, saying that such misrepresentation may violate the emirate’s virtual asset laws.The Virtual Assets Regulatory Authority (VARA), in coordination with the Dubai Land Department (DLD), said on Tuesday that several entities have improperly suggested they are participating in the DLD’s blockchain-based property title deed initiative, which launched as a limited pilot on March 19.“No entities beyond those explicitly approved by DLD and VARA are authorised to participate,” the regulator said. “Any entity promoting their involvement in the project…

Metaplanet (3350) has reached a major milestone in its bitcoin (BTC) strategy, the Japanese hotel company now holds 5,000 BTC as part of its treasury operations.Its BTC stash is valued at approximately $428.1 million at an average acquisition cost of around $85,621 per coin. The Tokyo-listed firm continues to double down on bitcoin as a reserve asset, with its latest purchase of 145 BTC made at an average price of approximately $93,327 per coin, totaling roughly $13.6 million.The accumulation strategy has achieved a year-to-date (YTD) BTC Yield of 121.1% in 2025. This yield metric reflects the company’s effective increase in…

Galaxy Digital (GLXY) said it deepened its strategic partnership with CoreWeave (CRWV), reinforcing its ambitions in the fast-growing artificial intelligence (AI) and high-performance computing (HPC) data center industry. Under a new agreement, CoreWeave will gain access to an additional 260 megawatts (MW) of critical IT load at Galaxy’s Helios data center campus in West Texas, bringing the total committed capacity for AI and HPC operations at the site to 393 MW.The move marks another shift by Galaxy away from bitcoin mining, with the Helios campus acquired from Argo Blockchain in 2022 moving toward becoming a cornerstone for next-gen digital infrastructure.…

In an earlier piece, I introduced the concept of the “Shopification of Wealth”, or the idea that on-chain rails can lower the barriers to entry and radically scale operations for financial advisors and wealth managers. Just as Shopify enabled anyone to launch a retail business online, crypto is enabling a new generation of investment professionals to start and scale advisory businesses without the legacy layers of TradFi infrastructure.This democratization of advice foreshadows broader changes in asset management. Because when you zoom out — beyond the advisor and beyond the assets — you start to see something else: a transformation in…

The maturation of DeFi technology has created a paradox: while battle-tested codebases and rising technical proficiency have lowered the barrier to entry for launching new protocols, securing sustainable liquidity has never been harder. As thousands of projects built on increasingly standardized infrastructure compete for a finite pool of capital, the ecosystem faces a systemic challenge that threatens genuine innovation and growth.You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday.The multi-dimensional fragmentation problemLiquidity in DeFi is fragmented across protocols, chains and…

They call him “El Presidente.” But unlike the other President, Dave Portnoy draws a line at launching a memecoin. He worries his followers will lose their shirts.“I got involved in memecoins because I wanted to launch a Barstool memecoin, but I didn’t want my fans and followers to lose money,” he said in an interview with CoinDesk. Memecoins are “legalized Ponzi schemes,” he said, “there’s no value to it, so you gotta get in and get out before it crashes.” [Note: memecoins aren’t legalized in the U.S. but they are popular.]While Portnoy hasn’t launched a Barstool branded memecoin, he has…

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin (BTC) has finally surpassed a key resistance that limited recovery rallies earlier this year, after rising over 5% to $93,500 in 24 hours.The leading digital asset by market value has topped the “Ichimoku Cloud,” confirming a bullish shift in momentum, while other major cryptocurrencies lag.The Ichimoku cloud, developed by a Japanese journalist in the 1960s, is used to identify support and resistance, momentum, and trend change in price actions. The indicator comprises five lines: Leading Span A, Leading Span B, and the gap between the…

Shares of Sol Strategies (HODL), a Toronto-listed digital-asset firm, jumped after the company said it secured an up-to $500 million convertible note facility to ramp up its investments focused on the Solana network.The capital will be exclusively used for purchasing SOL tokens and expand the firm’s blockchain validator operation, the company said in a release. HODL shares surged as much as 18% to C$2.16 before paring some of the gains, but were still up 7% from yesterday’s close.”This is the largest financing facility of its kind in the Solana ecosystem-and the first ever directly tied to staking yield,” CEO Leah…

DeFi Development Corp (JNVR), formerly known as Janover, added another $9.9 million in Solana’s SOL to its corporate treasury, pushing total crypto holdings to 317,273 SOL or about $48 million, the company said on Wednesday.The purchase, made through BitGo’s over-the-counter desk, includes a tranche of locked SOL. These are tokens typically tied to vesting or bankruptcy proceedings that can’t yet move on-chain but are cheaper than spot prices.”By gaining access to locked discounted inventory through a trusted partner like BitGo, we’re able to accumulate some of our SOL below market prices while deepening our alignment with the Solana ecosystem,” CEO…

The crypto market’s rally stalled on Wednesday after U.S. Secretary of Treasury Scott Bessent reiterated that a proper trade deal between Washington and Beijing would take years to ink out.Bitcoin (BTC) is up 2.6% in the last 24 hours and 12.2% in the last seven days, trading at $93,600 for the first time since the beginning of March. The largest cryptocurrency was outperformed by large swaths of the market, with the CoinDesk 20 — an index of the top 20 coins, excluding stablecoins, memecoins and exchange tokens — rose 4.2% in the last 24 hours. Sui (SUI) jumped 24% in…