Author: Coindesk
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Firstly, the majority of institutions hold their assets with a qualified custodian or trusted institutionally-focused wallet provider. However the primary delegation flow for restaking with EigenLayer is via their user interface and requires a connection to DeFi wallets such as Metamask, Trust or Rainbow. Institutions therefore require their custodian or wallet provider to build the necessary integrations into the Eigenlayer ecosystem in such a way that their institution’s staking provider of choice, such as Twinstake, can also be integrated in the flow. However to date, most institutionally focussed custodians have limited EigenLayer integrations, therefore blocking access into the ecosystem. Read…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…
“When it comes to managing their tokens, these firms encounter a fragmented landscape,” Chen said in an interview. “It’s a mix of non-custodial wallets, web-only solutions, with the need to use a smart contract for distribution. So if I’m the head of operations for some new token protocol, I’ve got to strike up at least two different relationships, manage two to three different integration points, all the while trying to have a successful mainnet launch. It’s a tactical nightmare.” Read the full article here
NEIRO tokens jumped over 700% instantly after the Binance announcement, before paring gains, zooming from a market capitalization of $146 million from Sunday’s $15 million. Trading volumes jumped from $8 million in a 24-hour-period over Saturday to Sunday, to over $220 million in the past 24 hours. Read the full article here
Flappy Bird was pulled from both the Apple App Store and Google Play in February 2014 as its creator, Dong Nguyen, blamed himself for the game’s addictive nature and didn’t appreciate the fame the title’s worldwide success brought him along with allegations that he stole art and character designs from Nintendo. The game required users to keep a cartoon bird airborne as it flew between columns of pipes without hitting them. Read the full article here
Traders, however, are split on the size of the impending rate cut, setting the stage for a potential volatility explosion in financial markets after Wednesday’s rate decision. At press time, the Fed funds futures showed a 50% chance of the Fed reducing rates by 25 basis points (bps) to the 5%-5.25% range. At the same time, markets saw a similar probability of a bigger 50 bps rate cut to the 4.7%-5% range. Read the full article here
Ether (ETH) led losses among majors with a 5.5% drop over the past 24 hours, per CoinGecko data, to mark its worst one-day slide since early August. Cardano’s ADA fell 5%, Solana’s SOL lost 4%, while BNB Chain’s BNB emerged as the best performer with a 1.1% loss. Read the full article here
Besides, Figure, a fintech company providing lines of credit collateralized by home equity, accounted for most of the market value of the on-chain private credit market. However, excluding Figure, the sub-sector has still experienced growth in terms of active loans, led by Centrifuge, Maple, and Goldfinch. Read the full article here
Kalshi, which won a significant victory in court last week when a federal judge ruled its political prediction markets should be allowed to trade in the U.S., said the CFTC wouldn’t suffer any major harm if its new contracts were allowed to trade during the appeal process, but the company would “suffer substantial – indeed, irreparable – harm” if it’s blocked from letting people bet on the outcome of the 2024 elections. Read the full article here