Author: Coindesk
The previous quarter saw the RWA market grow by leaps and bounds. Tokenized Treasury bills including BlackRock’s USD Institutional Digital Liquidity Fund, Superstate’s Short Duration US Government Securities Fund, and Ondo’s USDY grew by an impressive 41% to nearly $1.3 billion, driven by significant institutional interest and innovative product launches. Let’s recap the key developments and trends in the sector. Read the full article here
In a sprawling 26-count criminal indictment unsealed Tuesday morning, prosecutors allege that Khoroshev, 31, developed, promoted and oversaw the LockBit software, recruiting “affiliates” on cybercriminal forums who then carried out the actual ransomware attacks. Once a ransom was paid, typically in bitcoin (BTC), affiliates would give Khoroshev a 20% cut of their earnings, according to the indictment. Read the full article here
Coincidentally, the investors filed the proposed settlement with the court just two days before former NFL quarterback Tom Brady – Gronkowski’s former teammate – participated in a comedic roast, which saw several comedians and other stars comment on Brady’s previous crypto endorsements, though without mentioning FTX, Sam Bankman-Fried’s defunct exchange Brady promoted. Read the full article here
Yes, there has been a hyper-financialization in the NFT space, but money is not a dirty word in art. Money and art are interlinked. NFTs, being so transparently connected to the content that’s being produced, is not a negative thing. That being said, in the last two years, because of the bear market, there hasn’t been as much turnover. People have had time to really focus on their projects, spend more time building and to understand what they want to communicate. There’s fewer people throwing something out there trying to make a bunch of money and then pulling away from…
“This means trying to exclude all of trading, so not just automated trading,” he said. Trading, it shouldn’t have to be said, is a pretty big part of why people use crypto. Additionally, as far as Campbell can tell, Visa’s report cut out wallet addresses for centralized exchanges like Binance and Coinbase, which both hold stablecoins used in services like prepaid cards, “some of which are literally Visas.” Read the full article here
Crypto has increasingly become politicized in the U.S., with many Republicans pro-crypto and Democrats opposed or skeptical at best. Kennedy is a member of a famously Democratic family. His uncle, John F. Kennedy, served as U.S. president in the 1960s, and his father served as U.S. Attorney General during that administration before running for president. On the issue of crypto, he’s breaking away from those Democratic roots. Read the full article here
“In addition to the passive boost to BTC from de-dollarization, we would expect a second Trump administration to be actively supportive of BTC (and digital assets more broadly) via looser regulation and the approval of U.S. spot ETFs,” the report added. Standard Chartered reiterated its bitcoin end of year target of $150,000 and $200,000 for year-end 2025. Read the full article here
About 14% of people in the online survey of registered voters own crypto right now, they said, and many more have a high awareness of the emerging financial technology. But fewer than one in three voters surveyed – 31% – said they have positive views on digital assets, according to the snapshot of responses from people in Michigan, Ohio, Montana, Pennsylvania and Arizona. Read the full article here
Bitcoin fluctuated between $63,000-$64,000 during the Asian and European mornings on Tuesday, consolidating its recovery from last week’s crash below $57,000. Despite retreating from Monday’s high of around $65,500, BTC appears to have settled into a range comfortably above the $60,000 level. At the time of writing, it was priced at $64,114, largely unchanged from its price 24 hours before, but nonetheless up around 10% since the start of May following a slide of over 16% in April. The broader digital asset market has dropped 1.33% since yesterday, as measured by the CoinDesk 20 Index (CD20). Read the full article…
As it gears up for its token launch, Galaxis, a Singapore-based Web3 platform, has raised $10 million from funders including Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures and ENS co-founder Nick Johnson, it announced Tuesday. Read the full article here