Live Wire

Live Wire

Live Wire

May 17th

Steven Cohen ( Jim McIsaac/Getty Images)
Markets

Steven Cohen's Point72 Also an Owner of Bitcoin Via Spot ETFs

Roughly 13 out of the 25 biggest U.S.-based hedge funds held the spot bitcoin ETFs at the end of March, according to data from bitcoin brokerage River.

May 17, 2024

Solana price over the past week (CoinDesk)
Markets

Solana's SOL Could Hit $200 By Month End, Hedge Fund Founder Says

The fifth-largest cryptocurrency is benefitting from multiple catalysts, including bustling meme coin and DeFi activity, upcoming network upgrade and increasing interest in re...

May 17, 2024

Atmosphere
Technology

Protocol Village: Oobit Collaboration With TON Lets Users Spend Tether Sent Over Telegram

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 16-22.

May 17, 2024

(Green Data City)
Consensus Magazine

Miners Eye Middle East as Next Region for Growth

The halving and a possible U.S. mining tax have miners considering new locations for basing their cost-sensitive operations.

May 17, 2024

Crypto prices continue their move higher (Jungwoo Hong/Unsplash)
Markets

Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains

Softer U.S. inflation figures and big institutional interest in the spot bitcoin ETFs helped turn sentiment around.

May 17, 2024

CoinDesk 20 leaders (CoinDesk Indices)
Markets

NEAR Token's 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update

All but two cryptos in the index moved higher over the past week, with Cosmos and Aptos missing out on the rally.

May 17, 2024

ZkSync's token airdrop is one of the most highly anticipated of the year. (ian dooley/Unsplash)
Finance

ZkSync, Ethereum Layer-2 Network, Hints at Airdrop By End of June

ZkSync wrote on X that "handing over governance" is expected by the end of June.

May 17, 2024

Morgan Stanley (Shutterstock)
Finance

Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients

The Wall Street giant held roughly $270 million worth of Grayscale’s Bitcoin Trust as of the end of March, according to a filing.

May 17, 2024

The crypto industry is lobbying U.S. House of Representatives leaders as they approach a final vote on the first major crypto-regulation bill to make it this far. (Jesse Hamilton/CoinDesk)
Policy

Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote

The so-called FIT21 legislation to establish a U.S. regulatory regime for digital assets is set for a floor vote next week, and the sector is telling House leaders the effort...

May 17, 2024

Bank of America (Taylor Simpson/Unsplash)
Finance

Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics

The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.

May 17, 2024

16:9 Bitfinity team (Bitfinity)
Technology

Internet Computer-Based 'Bitfinity EVM' Launches as Bitcoin L2, Supports Runes

The Bitfinity EVM is designed to allow developers to Bitcoin-based Solidity smart contracts, allowing them to transfer BTC and Runes.

May 17, 2024

Tigran Gambaryan, Binance's head of crime compliance, is one of two executives detained in Nigeria. (Shutterstock/Consensus)
Policy

Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court

The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan.

May 17, 2024

Turkish Flag Turkey (Unsplash)
Policy

Turkey Takes Crypto Bill to Parliament, Aims to Bring Crypto Licensing to the Country

The bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.

May 17, 2024

A Dolce & Gabbana corporate logo hangs on the front of their store on Rodeo Drive in Los Angeles, California. (Photo by Gary Hershorn/Getty Images)
Finance

Dolce & Gabbana Sued for Messing Up Delivery of Its NFTs: Bloomberg

The company promoted the NFTs telling customers that buying the DGFamily NFTs would grant them access to various digital rewards, the complaint alleges.

May 17, 2024

Hong Kong harbor skyline view into Kowloon
Policy

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.

May 17, 2024

BTC price, FMA May 17 2024 (CoinDesk)
Markets

First Mover Americas: Bitcoin Regains $66K Following Bullish ETF Data

The latest price moves in crypto markets in context for May 17, 2024.

May 17, 2024

Scrabble letters spelling ETF arranged a rack
Markets

Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows

One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.

May 17, 2024

Ether's price decline appears to have hit a brick wall. (Pexels/Pixabay)
Markets

Ether Bears Hit a Brick Wall as Price Collides With Bull-Market Trendline

Ether's sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.

May 17, 2024

Ethereum co-founder Vitalik Buterin. (CoinDesk)
Markets

Ether Could Surprise to the Upside in the Coming Months, Coinbase Says

The cryptocurrency does not have major supply-side overhangs such as token unlocks or miner sell pressure, the report said.

May 17, 2024

(CoinDesk Indices)
Markets

Fantom Outperforms CoinDesk 20 Over Past Week as TVL Jumps

FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million.

May 17, 2024