SEC’s Gensler Throws More Crypto Punches in Congressional Hearing

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto "hucksters" in congressional testimony on Wednesday, declining to answer the industry's most urgent questions while arguing that digital assets companies have been dangerously careless with customer assets.

U.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release'

The U.S. Department of Justice said in a Wednesday court filing that Sam Bankman-Fried's latest move for a temporary release – even with severe restrictions – should be denied.

Sam Bankman-Fried’s Biggest Grift? His ‘Best In Class’ Exchange

SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs

SEC recently extended deadlines for ARK, GlobalX spot bitcoin ETFs.

Jade Protocol Faces Calls to Liquidate $31M Token Treasury

The crypto club Jade Protocol could become the latest DAO to die.

Crypto Exchange Kraken to Explore Stock Trading: Bloomberg

The service could launch as soon as 2024, Bloomberg reported, citing a person familiar with the matter.

Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules

A federal judge signed off on a defense request to allow FTX founder Sam Bankman-Fried to use an "air-gapped" laptop while in court during his trial next month.

Bitcoin Slides Back Towards $26K as Surging Interest Rates Trigger Macro Jitters

The U.S. 10-year Treasury yield rose another nine basis points Wednesday to a new 16-year high of 4.63%.

How Ethereum Staking Stacks Up in the Proof-of-Stake Landscape

Why is Ethereum the best bet for staking investors? Answer: because it combats inflation.

Terraform Labs Founder Do Kwon Opposes SEC's Extradition Request

The TerraUSD creator opposes the SEC's attempts to bring him back to the U.S. for questioning about his failed stablecoin projects.

The Protocol: Google Pushes Deeper into Blockchain

Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.

ETH Staking Has a Bright Future, Despite Regulatory Uncertainty

The SEC’s incoherent approach to the market is having a chilling effect on compliant and regulated investors. But there are workarounds that give investors greater comfort, says Jason Hall, CEO of Methodic Capital.

With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)

There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.

Five Reasons Why the World Needs a Standardized Ethereum Staking Rate

An ether (ETH) staking benchmark could attract institutional investors into the Ethereum ecosystem and unlock a new wave of innovation.

Staking Risks Are Vastly Misunderstood

EigenLayer’s Sreeram Kannan on the Hot (and Risky) Ethereum Trend of ‘Restaking’

In an exclusive interview, Sreeram Kannan, the founder of EigenLayer and a pioneer behind restaking, discusses his project's goals as a new landscape for restaking emerges.

Ending the Staking Trade-Off Can Save DeFi Communities

Binance CMO Hails Istanbul as a Crypto Hub

Rachel Conlan, the new Chief Marketing Officer (CMO) of Binance, the world's largest cryptocurrency exchange by trading volume, conducted an interview with Serdar Turan as part of CoinDesk Türkiye's Exclusive Interview series.

Bitcoin Jumps 2%, Ignoring DXY's Rise to 10-Month High; XRP Eyes Death Cross

The uptick was initially led by spot market buyers, which squeezed out bearish derivative positions, one analyst said.

Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave

Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain.

First Mover Americas: Binance Sells Russian Unit

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Miner Marathon Confirms Mining Invalid BTC Block Due to a Bug

Bitcoin mining company Marathon Digital (MARA) has mined an invalid Bitcoin block at height 809478, according to several developers, miners and researchers.

Sam Bankman-Fried Can Grill Former FTX Insiders on Drug Use in Court

While Bankman-Fried's lawyers tried again to get him out of jail just days ahead of his trial, the judge overseeing the case inched closer to resolving some outstanding issues.

Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief

It is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of Bank for International Settlements said.

Bitcoin, Ether Prices Stay Flat as Traders Eye Return of U.S. Equities Correlation

Crypto majors lost just under 0.5% as U.S. markets closed lower on Tuesday.

Binance Sells Russian Unit to Day-Old CommEX, Exits Country

Binance is set to fully exit the country with the sale and will have no ongoing revenue split, it said Wednesday.

Bitcoin's Implied Volatility Gauge Tops Ether for Record 20 Straight Days

The spread between dominant crypto options exchange Deribit's forward-looking 30-day implied volatility index for ether (ETH DVOL) and bitcoin (BTC DVOL) has been consistently negative since Sept. 7.

Shiba Inu Ecosystem Token Bone Jumps 10% as Developers Take Key Security Step

The deployer contract for bone tokens was renounced late Tuesday, fuelling investor sentiment.

The Government Shutting Down Isn't Great for Crypto

An impending government shutdown is probably Not Good News for crypto's D.C. hopes. On a trial-related note, you received preview copies of The SBF Trial, a newsletter we launched last week to keep readers up to speed on Sam Bankman-Fried’s time in court. The trial kicks off next Tuesday.

Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership

The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.

SEC Extends Ark, Global X ETF Deadlines as Government Shutdown Looms

The efforts from Ark 21Shares and Global X to list spot bitcoin exchange traded funds (ETFs) must now officially wait longer for the U.S. Securities and Exchange Commission (SEC) to either approve or reject or deny their applications as the agency moved to extend deadlines Tuesday.

U.S. House Lawmakers Push SEC’s Gensler to Approve Spot Bitcoin ETF ‘Immediately’

The U.S. Securities and Exchange Commission (SEC) should listen to the courts and give up its efforts to block exchange traded funds (ETFs) holding bitcoins, a bipartisan group of lawmakers argued in a letter to SEC Chair Gary Gensler.

Blocknative to Suspend MEV-Boost Relay After Economics Fail to ‘Materialize’

The decision followed internal discussions among the company’s leadership and board of directors, and the company plans to focus on "economically viable opportunities."

How Staking Rates Can Drive the Crypto Economy Forward

Similar to interest rates in the traditional economy, staking rates provide transparency and measurability to investors, unleashing a wave of crypto-native financial products.

Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use

Judge Lewis Kaplan, who's overseeing Sam Bankman-Fried's upcoming trial, set guardrails for certain witness questions and testimony.

Binance’s Liquid Staked Ether Jumps to $1.2B in TVL After Sudden $500M Inflow

Binance’s liquid staking ether (ETH) saw a sudden $500 million burst of inflows over the weekend, pushing its total locked value (TVL) to $1.2 billion.

Bitcoin Barely Holds $26K as Interest Rate Surge Continues

Higher yields are taking a toll on traditional assets as well, with the Nasdaq sinking 1.2% to its lowest level since early June.

Almost All Crypto Employees Take Pay in Fiat, Pantera Study Finds

The median pay globally among 570 engineers surveyed was $120,000, with those in North America getting $193,000, up 1.5% versus the prior year, based on the study.

Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan

Binance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins.

Circle's Euro-Pegged Stablecoin Is Now Available on Stellar Network

With expanding EURC stablecoin to Stellar, Circle expects to boost European remittance channels, cross-border payments, treasury management and aid disbursement.

The Barrier to Mainstream Crypto Adoption Isn’t UX — It’s Product-Market Fit

NFT Brand Pudgy Penguins Debuts Toy Collection in 2,000 Walmart Stores

Each toy provides access to Pudgy World, a multiplayer digital social experience, which could help improve visibility and users of the Pudgy Penguin brand.

Ethereum Wallet Tied to Sinaloa Cartel Sanctioned by U.S. Government

The United States' Office of Foreign Assets Control (OFAC) has sanctioned an Ethereum wallet tied to a Mexican man from Sinaloa named Jimenez Castro.

Gary Gensler Is Wrong About Proof-of-Stake Tokens

Arbitrum Users Can Now Trade Bitcoin Mining Power With Each Other

Mining marketplace Lumerin was released Tuesday on the Arbitrum network.

IRS Proposed Rule on Digital Asset Broker Reporting Could Kill Crypto in America

The proposal creates unworkable requirements for decentralized finance in the U.S. and serves as an important cautionary tale.

Kraken Pushes Forward on Expansion in Spain, Ireland With Key Regulatory Steps

Kraken obtained a registration from Spain's central bank, while its Irish subsidiary secured a license.

Chase U.K. to Block Crypto Payments Citing Fraud, Scams

Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets.

First Mover Americas: Coinbase Registers With Central Bank of Spain

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance

The Brussels-based crypto firm joins the likes of BitGo in being approved by standards body VQF.