Joseph Rees
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Coinbase Ventures Invests in ENA as Ethena Scales USDe Beyond $1B
Key Takeaways Coinbase Ventures bought ENA as Coinbase and Ethena expand onchain finance products. Ethena products could reach Coinbase’s 100M+ users, boosting USDe and ENA
Community Clashes Over Strategy’s First Bitcoin Sale in 4 Years as MSTR Craters 7%
Key Takeaways Strategy sold 32 bitcoin for $2.5 million between May 26 and May 31, its first disclosed sale since December 2022. MSTR shares dropped
XRP Falls Sharply as Traders Brace for Deeper Crypto Sell-Off
Key Takeaways Sharp losses pushed XRP near recent lows as bearish momentum accelerated. Derivatives markets saw over $25 million erased, highlighting elevated trader risk. Meanwhile,
160 National Security Veterans Back CLARITY Act as Senate Crypto Battle Reaches Critical Stage
Key Takeaways Former officials urged Senate leaders to support the CLARITY Act’s crypto market rules. Notably, 160 national security, intelligence, and law enforcement veterans signed
Tether Backs $1M in Gold Rewards as First Gold-Backed Visa Card Goes Live
Key Takeaways Tether commits $1M in XAUT to launch the world’s first gold-backed Visa card with Fasset. The card pays up to 6% cashback in
Hyperliquid Has Become Wall Street’s Go-to Weekend and After-Hours Perps Venue
Key Takeaways The Wall Street Journal claims Hyperliquid is now the go-to weekend perps venue for Wall Street traders. One trader booked a 243% gain
Bitcoin Drops 10% in 3 Days, Falls Below $66K as $500M Liquidation Wave Hits
Key Takeaways Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362. Over $1 billion in
Bitcoin Miners Hit $1.08B in May Revenue, Then Prices Pull the Floor Away
Key Takeaways Bitcoin miners crossed $1.086B in May revenue, the first billion-dollar month since January. Hashprice dropped 17.82% in 30 days, pushing the daily value
Aave Says Operations Back to Normal as $300M Backstop Replaces Drained Assets
The Anatomy of the Exploit Decentralized finance ( DeFi) pioneer Aave has successfully restored full liquidity to its lending pools, capping off an aggressive multi-week
Bank of America Names Adam Dixon Global Head of Digital Asset Transformation
Key Takeaways Bank of America named Adam Dixon, a 20-plus-year veteran, to lead digital asset transformation. The London-based role consolidates tokenization and crypto work the