Live Wire

Live Wire

Live Wire

June 21st

Bear (mana5280/Unsplash)
Markets

This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs

Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown...

June 21, 2024

(Ryan Quintal/Unsplash, Modified by CoinDesk)
Markets

McKinsey Sees Just $2T of Tokenized RWAs by 2030 in Base Case, With Broad Adoption 'Still Far Away'

Previous reports from Boston Consulting Group and 21Shares forecasted over $10 trillion of tokenized assets by the end of the decade in their optimistic scenarios.

June 21, 2024

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

Protocol Village: Aleph Zero's EVM-Compatible 'zkOS' Generates ZK Proofs in < 1 Second

The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 20-26.

June 21, 2024

AUSTIN, TEXAS - APRIL 25: Michael Dell attends the 12th Annual Mack, Jack & McConaughey Gala at ACL Live on April 25, 2024 in Austin, Texas. (Photo by Rick Kern/Getty Images)
Finance

Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet

Dell and Saylor engaged in a short back-and-forth on X over the past day.

June 21, 2024

(Barrett Ward/Unsplash)
Markets

Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment

Lame price action has apparently caused crowd sentiment to be in negative territory for four straight weeks, a sign that may spell relief for bulls in the near term.

June 21, 2024

Sunny Aggarwal, Co-Founder, Osmosis Labs (center), at Consensus 2024 by CoinDesk, Austin, Texas (CoinDesk)
Technology

Cosmos DAO Osmosis to Adopt Fee-Free Bitcoin Bridge

Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.

June 21, 2024

Higher liquidity in meme coins isn't being reflected in risk assessments. (ataribravo99/Pixabay)
Markets

Meme Coin Liquidity Hits Record High Even as Bid-Ask Spread Spotlights Risk

Generally, increased liquidity leads to a tighter bid-ask spread, but that's not the case with meme coins.

June 21, 2024

BTC price, FMA June 21 2024 (CoinDesk)
Markets

First Mover Americas: Bitcoin Falls Below $64K Following $900M in ETF Outflows

The latest price moves in crypto markets in context for June 21, 2024.

June 21, 2024

Tigran Gambaryan, Binance's head of crime compliance, is being held in a Nigerian prison. (Shutterstock/Consensus)
Policy

U.S. Lawmakers Visit Detained Binance Exec in Nigeria, Call for Release

The two House members said Tigran Gambaryan is being wrongfully detained and should be freed.

June 21, 2024

Standard Chartered building (Chengting Xie/Unsplash)
Finance

Standard Chartered Is Building a Spot BTC, ETH Trading Desk

The new London-based desk will start operations soon and be part of the bank's FX trading unit.

June 21, 2024

Scrabble letters spelling ETF arranged a rack
Markets

Bitcoin ETFs Post $900M in Net Outflows This Week

Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.

June 21, 2024

Stock market chart. (sergeitokmakov/Pixabay)
Markets

Bitcoin Options Market Isn't Buying BTC Price Weakness, Shows Bias for $100K Calls

Demand for BTC calls at $100K suggests traders preparing for a renewed rally into 2025, according to one trading firm.

June 21, 2024

June 20th

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., say they gave $1 million each to the Trump campaign. (Joe Raedle/Getty Images)
Policy

Winklevoss Twins Say They Each Gave $1 Million to Trump Presidential Campaign

The Winklevoss brothers have become two of the first big-name crypto CEOs to cross the campaign-contribution barrier that had kept big-time donations from the presidential rac...

June 20, 2024

Brad Garlinghouse, CEO of Ripple, speaks at Consensus 2024. (Shutterstock/CoinDesk)
Policy

California Judge Dismisses Part of Civil Lawsuit Against Ripple, Sends Rest of Securities Case to Trial

U.S. District Court Judge Phyllis Hamilton dismissed all four of the class action claims against Ripple but will allow one state law claim to proceed to trial.

June 20, 2024

Solana co-founder Anatoly Yakovenko. (Danny Nelson/CoinDesk)
Markets

Canada's 3iQ Files to List Solana ETP in Toronto

3iQ was a leader in getting some of the first crypto ETFs past the finish line and listed on the TSX

June 20, 2024

U.S. authorities have warned about Mexican cartels using crypto to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)
Policy

Mexican Cartels Using BTC, ETH, USDT, Other Tokens to Buy Fentanyl Ingredients: U.S.

The financial-crimes arm of the U.S. Treasury Department has flagged the increased use of several crypto assets to support Mexican drug trafficking

June 20, 2024

(Markus Winkler/Unsplash)
Opinion

Crypto for Advisors: Crypto Trends

The digital asset market has begun transitioning from early adoption to mass adoption. A sea change in industry leadership, product development and fiduciary commitment swept...

June 20, 2024

Defi Technologies sell-off is overdone, reiterate Buy: Benchmark (sergeitokmakov/Pixabay)
Markets

DeFi Technologies Stock Sell-Off Is 'Attractive Buying Opportunity,' Benchmark Says

The stock lost nearly half of its value earlier this week following the tumble in altcoins and after the publication of a negative opinion piece in a crypto newsletter, the re...

June 20, 2024

Fireblock will offer Tres' accounting products to its clients as blockchain data enters the corporate world. (Danny Nelson/CoinDesk)
Finance

Crypto Custody Firm Fireblocks Adds ‘One-Click’ Audits, Tax Reporting

Software from Web3 accounting company Tres works with a wide range of digital asset networks, and can be integrated with accounting software such as QuickBooks, Xero and NetSu...

June 20, 2024

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)
Finance

Michael Saylor's MicroStrategy Acquires 11.9K More Bitcoin for $786M

The company now holds 226,331 bitcoins worth just shy of $15 billion.

June 20, 2024