Category: Bitcoin

Coinbase (COIN) is working with some of the largest U.S. banks on pilot projects involving stablecoins, cryptocurrency custody and trading, CEO Brian Armstrong said Wednesday at the New York Times DealBook Summit. “The best banks are looking at this as an opportunity,” Armstrong said in discussions with BlackRock CEO Larry Fink, without naming the banks….

Polymarket has launched a mobile app in the United States that gives users a new way to bet on sports with real money under federal supervision, the company announced Wednesday at The app is currently available for iOS, with access opening up to users on a rolling basis via a waitlist system. The company says…

Welcome to the agency newsletter “Crypto Long and Short”. This week: Schuman Financial’s Martin Bruncko’s insights into the next big thing for stablecoins (hint: it’s not another USD token) Andy Baehr examines the mood surrounding the post-holiday crypto sell-off, the upcoming Fusaka upgrade, and why ETH’s role will be crucial in leading the broader market…

Ostium Labs, the team behind the Ostium protocol, said in a press release on Wednesday that it has raised $24 million in new funding, including a $20 million Series A round co-led by General Catalyst and Jump Crypto, as well as an undisclosed $4 million in strategic financing. This brings the company’s total funding to…

Filecoin rose 2% to $1.57 in the past 24 hours, tracking modest gains in line with broader cryptocurrency market trends. The broader market gauge, the CoinDesk 20 index, rose 1.6%. According to CoinDesk Research’s technical analysis model, the coin’s trading volume remains sluggish, just 9.7% above its seven-day average. The price action demonstrates Filecoin’s continued…

Crypto asset manager Bitwise said the Ethereum Fusaka upgrade expected to go live later on Wednesday is an unobtrusive infrastructure change that markets tend to ignore in real time, before being praised later for making the network feel more solid and investable. Analyst Max Shannon wrote that the upgrade would be constructive for Ethereum over…

Firelight is a new decentralized finance (DeFi) protocol that is bringing staking to XRP users while providing the protocol with a form of on-chain protection against hackers. Firelight, built by Sentora and powered by Flare Network, lets XRP holders stake their tokens to earn rewards tied to the need for DeFi “protection,” which can help…

According to Velo data, the CME Bitcoin annualized basis has fallen to -2.35%, which is the deepest backwardation since the extreme chaos of the FTX crash in November 2022, when the basis was once close to -50%. Backwardation describes a futures curve in which contracts expiring earlier trade at a higher price than contracts expiring…

Two key positions in U.S. cryptocurrency regulation moved forward this week in the Senate, which drew up a list of dozens of nominees to be considered for immediate confirmation, including Mike Selig as chairman of the Commodity Futures Trading Commission and Travis Hill as chairman of the Federal Deposit Insurance Corporation. Senate Majority Leader John…

Welcome to The Protocol, CoinDesk’s weekly roundup of the most important stories in cryptocurrency technology development. I’m Margaux Nijkerk, a reporter for CoinDesk. This issue: Ethereum developers prepare for Fusaka’s second upgrade in 2025 Human research shows AI agents are approaching true DeFi attack capabilities Ethereum developers push for deployment of ZK’s “Secret Santa” system…