Live Wire

Live Wire

Live Wire

Today

Libre CEO Avtar Sehra (Libre)
Finance

Solana Sees Arrival of Nomura, Brevan Howard-Affiliated Tokenization Firm Libre

Libre is unveiling a new tokenized offering, the blockchain-based Hamilton Lane SCOPE senior credit fund, which will be available on Solana and Ethereum-compatible chains.

July 23, 2024

The Ethereum blockchain experienced its highest inflationary period in the last quarter: Fidelity. (Unsplash)
Markets

Ethereum Experienced Its Highest Inflationary Period in the Last Quarter: Fidelity

Layer-2 adoption has been impressive since the Dencun upgrade in March, with transactions on these blockchains increasing around 20%, the report said.

July 23, 2024

Cityscape Tokyo, Japan (Ryo Yoshitake/Unsplash)
Policy

Crypto Exchange Gate.io Exits Japan

"As one of the world's leading cryptocurrency exchanges, we strive to comply with financial regulations in all regions in which we operate," a blog on Gate.io said.

July 23, 2024

Kamala Harris (Chris duMond/Getty Images)
Markets

Kamala Harris Memecoin Sets New Highs as Her Nominee Odds Surge to 90%

Harris has been endorsed by incumbent Joe Biden for the upcoming U.S. presidential elections, and some traders are betting on her ascent with meme tokens and prediction market...

July 23, 2024

Several stacks with coins and the term ETF and a chart with stock prices.
Markets

Ether Options Signal Confidence as Impending ETH ETFs Spur 'Sell The Fact' Concerns

Some analysts are forecasting an ether price swoon after ETFs begin trading in the U.S. The options market disagrees.

July 23, 2024

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)
Technology

Protocol Village: Breez, Lightning-as-a-Service Provider, Releases 'Nodeless Implementation' of Lightning SDK

The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 18-24.

July 23, 2024

Avail co-founders Anurag Arjun and Prabal Banarjee (Avail)
Technology

Avail, Long-Awaited Blockchain Project for 'Data Availability,' Launches Main Network

The project, spun out of Polygon in 2023, has raised $75 million of funding and claims unique technologies as a provider of "data availability," or DA – the speciality of stor...

July 23, 2024

Mt. Gox creditor Kolin Burges confronts Former Mt. Gox CEO Mark Karpeles (CoinDesk)
Markets

Bitcoin Nears $66K as Mt. Gox Moves $130M to Bitstamp

The defunct crypto exchange shuffled over $2.5 billion between wallets, some of which was sent to crypto exchange Bitstamp.

July 23, 2024

Indian President Droupadi Murmu (fourth from right), Finance Minister Nirmala Sitharaman (third from right), Minister of State for Finance Pankaj Chaudhary (fifth from right) before the budget presentation. (DD News)
Policy

India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech

The budget is the first since Prime Minister Narendra Modi was elected for a third straight term.

July 23, 2024

BlackRock headquarters (Shutterstock)
Markets

BlackRock's Spot Bitcoin ETF Draws $526M in Net Inflows

BTC failed to take out key price resistance despite huge inflows into BlackRock's IBIT.

July 23, 2024

BlockFi held a bankruptcy hearing Monday (Scott Olson/Getty Images)
Policy

BlockFi Administrator Submits Plan in Court to Make Customers Whole

The plan administrator revealed that a significant transaction had been closed which would enable a near-term final distribution of 100% for all eligible claims.

July 23, 2024

U.S. Government: Ryan Farace Seized Funds. (Arkham Intelligence)
Markets

U.S. Government Moves $4M Bitcoin to Coinbase, Arkham Data Show

An address labeled "U.S. Government: Ryan Farace Seized Funds" moved BTC worth nearly $4 million to Coinbase 11 hours ago.

July 23, 2024

July 22nd

The U.S. House of Representatives passed a narrow bill to address crypto use in illicit finance. (Jesse Hamilton/CoinDesk)
Policy

U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate

The legislation would set up a federal group to assess crypto in terrorism and illicit finance and make recommendations for heading it off, but the bill isn't expected to clea...

July 22, 2024

The SEC just gave final approval to ether ETFs. (Nikhilesh De/CoinDesk)
Finance

Ethereum ETFs Approved by SEC, Bringing Popular Funds to Second-Largest Cryptocurrency

Issuers received approval for their latest S-1 filings, which means that the funds could begin trading as early as Tuesday.

July 22, 2024

The launch of the spot ether exchange-traded funds (ETFs) could be rather underwhelming, one crypto firm says, while another predicts inflows will be lower than expected. (Getty Images)
Markets

Ethereum ETFs Could See Underwhelming Demand, Two Research Firms Predict

Trading firm Wintermute expects inflows to be lower than consensus predictions while research firm Kaiko says data suggests “less conviction” regarding the launch.

July 22, 2024

Swan Bitcoin CEO Cory Klippsten pulls plan for an IPO. (Swan Bitcoin)
Finance

Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

The bitcoin financial firm previously planned to go public by end of this year.

July 22, 2024

MILWAUKEE, WISCONSIN - JULY 15: (L-R) Tucker Carlson, U.S. Rep. Byron Donalds (R-FL), Republican presidential candidate, former U.S. President Donald Trump,  Republican Vice Presidential candidate, U.S. Sen. J.D. Vance (R-OH), and Speaker of the House Mike Johnson (R-LA) appear on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin. Delegates, politicians, and the Republican faithful are in Milwaukee for the annual convention, concluding with former President Donald Trump accepting his party's presidential nomination. The RNC takes place from July 15-18. (Photo by Chip Somodevilla/Getty Images)
Markets

Taking Profits on Bitcoin Ahead of Trump Conference Appearance Could Be 'Expensive Exercise': Analyst

Markus Thielen, founder of 10x Research, fully expects Trump to win the November election, triggering an early exit for SEC Chair Gary Gensler.

July 22, 2024

Robert Leshner, CEO of Superstate (Superstate)
Finance

Tokenized Asset Manager Superstate Debuts New Fund to Profit From Bitcoin, Ether 'Carry Trade'

Superstate's new offering comes after its first tokenized fund of short-term U.S Treasury bills, which debuted earlier this year.

July 22, 2024

Kamala Harris, the frontrunner for the Democratic presidential nomination after Joe Biden dropped out (Chris duMond/Getty Images)
Markets

Biden's Exit Spurs Record $28M Daily Volume on Polymarket as Election Enters Uncharted Territory

Bets on the U.S. presidential election winner rocketed past $300 million, while the punters have put $200 million in a market for the potential Democrat's nominee and $10 mill...

July 22, 2024

CoinDesk 20 leaders (CoinDesk Indices)
Markets

CoinDesk 20 Performance Update: AVAX and SOL Surge Lead Weekend Advance

AVAX led the CoinDesk 20 with a 14.5% increase in over the weekend trading, while SOL climbed 6.0%

July 22, 2024