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Tech Stocks Lead Major Indexes Lower

Salesforce decline masks rally outside tech as drop in Treasury yields brings some relief.
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News
30 May 2024

Saudi Arabia Aims to Raise Up to $12 Billion in Aramco Stock Sale

A sale of shares in the world’s most valuable oil company is expected in coming days and weeks, following a Wall Street Journal report that the kingdom planned a large fundraising.
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News
30 May 2024

Sen. Warren Wants to Know How Drug Agencies Are Pursuing Crypto Ties to Fentanyl

The Massachusetts Democrat called for answers from the U.S. drug agencies today on progress in the crackdown on drug traffickers' use of crypto.
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Cryptocurrency
30 May 2024

Implementing FIT21 could be a ‘slow, slow process’ — CFTC Commissioner


Summer Mersinger anticipates extensive coordination and potential delays in the implementation of FIT21 across U.S. regulatory agencies if it is enacted.
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Cryptocurrency
30 May 2024

SEC Commissioner pitches safe space for digital securities experiment


Hester Pierce said her “sandbox” pitch would offer opportunities for cross-border collaborations between blockchain firms without fear of regulatory threats.
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Cryptocurrency
30 May 2024

Franklin Templeton’s Jenny Johnson on Bitcoin ETFs, RWA Tokenization and Blockchain’s Potential for TradFi

The president and CEO of the asset management giant said blockchains are "transformational tech" that can help drive down operational costs during a panel discussion at Consensus 2024.
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Cryptocurrency
30 May 2024

Aptos Integrates Chainlink’s CCIP and Data Feeds to Boost Decentralized App Development

Aptos will be the first blockchain that uses the Move coding language to integrate Chainlink's services, according to the announcement at Consensus 2024 in Austin.
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Cryptocurrency
30 May 2024

Crypto Can’t Be Regulated by Current US Regulators

Alexandra Damsker, author of "Understanding DeFi," argues that the shifting nature of tokens means that agencies like the SEC and CFTC are incapable of regulating crypto effectively.
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Cryptocurrency
30 May 2024

New York sets customer service standards for virtual currency entities


The BitLicense just got a little tougher with new mandatory standards for treating customers right.
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Cryptocurrency
30 May 2024

3 reasons why Ethereum is stuck below $3,900


Factors include uncertainty in the spot Ethereum ETF launch, high ETF futures open interest, and stagnant Ethereum network usage.
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Cryptocurrency
30 May 2024

Gambling is on the rise — So why is investing still restricted?


Americans aren't allowed to make certain investments unless they earn $200,000 annually or they're worth more than $1 million — but they are free to gamble.
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Cryptocurrency
30 May 2024

Traders say Bitcoin price fights ‘last resistance’ at $69K before new all-time highs


Bitcoin’s price has remained stuck below $69,000 over the past 10 weeks, but analysts say it is a healthy price action.
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Cryptocurrency
30 May 2024

Blockchain helps harvesting better avocados in Kenya — Here’s how


Small-scale farmers lack the essential tools to address significant challenges in avocado production. Here’s how blockchain and AI can help them.
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Cryptocurrency
30 May 2024

Crypto losses from fraud and hacks declined 12% in May — Immunefi


The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year.
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Cryptocurrency
30 May 2024

Citadel-backed Hidden Road halts ByBit access for clients


Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange.
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Cryptocurrency
30 May 2024

Terraform, Do Kwon to reach fraud settlement with SEC


Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June.
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Cryptocurrency
30 May 2024

U.S. Crude Oil Stocks Fall More Than Expected

Oil stocks fell by 4.2 million barrels — a greater decline than was expected.
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News
30 May 2024

Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing

Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.
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Cryptocurrency
30 May 2024

Crypto for Advisors: The Evolution of Crypto and TradFi

A lot has changed since Bitcoin's release 15 years ago. Many other distributed database networks have been created, each with its own functionality and potential use cases.
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Cryptocurrency
30 May 2024

A16z Boosts Crypto’s Election Fund by Another $25M to Seek Friendly Congress

A $25 million donation from Andreessen Horowitz (a16z) hit the campaign coffers of the industry's U.S. political action committee (PAC), according to a Thursday announcement from the firm, putting the amount raised by some of crypto's biggest names at ...
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Cryptocurrency
30 May 2024

Crypto voters are already disrupting the 2024 election — and it’s set to continue


Crypto voters have become a new battleground for the 2024 presidential election, in a bipartisan shift that has taken Washington by surprise.
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Cryptocurrency
30 May 2024

PEPE whale up nearly $5M on investment within a month


The memecoin whale made an over 52% return on its initial investment within a month, despite PEPE’s price falling over 17% from its all-time high.
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Cryptocurrency
30 May 2024

NYDFS Issues New Crypto Firm Guidance for Consumer Complaints

New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced ...
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Cryptocurrency
30 May 2024

Ether Spot ETFs to See Much Lower Demand Than Bitcoin Versions, JPMorgan Says

Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.
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Cryptocurrency
30 May 2024

US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC

Uncertainty about the path of interest rates continues to dominate a market not short of likely positives elsewhere
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Forex
30 May 2024

Bitcoin Staking Project Babylon Raises $70M Led by Paradigm

The funding round included contributions from Polychain Capital and the venture arm of crypto exchange and CoinDesk parent company Bullish.
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Cryptocurrency
30 May 2024

Crypto Hacks, Rug Pulls Led to $473M Worth of Losses in 2024: Immunefi

More than $473 million worth of cryptocurrency has been lost to hacks and rug pulls in 2024, according to a report by security researcher Immunefi
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Cryptocurrency
30 May 2024

US Dollar Index Edges Lower, US Q1 GDP Second Estimates Prints at 1.3%

The second look at US Q1 GDP showed the US economy expanding by 1.3%, inline with market expectations.
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Forex
30 May 2024

Ether Put-Call Ratio Hits One-Year High, Hints at Bullish Bias Despite Pause in Rally

The uptick signals a bullish outlook, according to Wintermute.
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Cryptocurrency
30 May 2024

First Mover Americas: Crypto in the Red Ahead of Friday’s U.S. Inflation Data

The latest price moves in bitcoin (BTC) and crypto markets in context for May 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Cryptocurrency
30 May 2024

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