CoinDesk

SpaceX files for a potentially record-breaking IPO and reveals $1.45B in Bitcoin holdings, Polymarket pushes into U.S. sports parlays, and leveraged Hyperliquid ETFs see surging trading volume. @jennsanasie has what you need to know.

In today’s “Crypto for Advisors” newsletter, Sarah Cummings from Morgan Stanley Investment Management provides insights and considerations when assessing crypto exchange-traded funds. Then, in “Ask an Expert,” Ryan Tannahill from iA Private Wealth USA, answers questions about borrowing against bitcoin assets. Edited by Sarah Morton #trends #crypto #advisors https://trib.al/D4FXdzt

🎧 Catch the latest episode of Blockspace in partnership with @Blockspace! BLOCKSPACE:Prime Bankruptcy Trust Sues Strike Parent Co for $150M, NAKA’s Reverse Stock Split, SEC Tokenized Stock Framework ⚡️ Prime Litigation Trust sues Strike parent company for ~$150M in asset clawback ⚡️ $NAKA moves forward with 1-for-40 reverse stock split to reduce shares from 696.1M to 17.4M ⚡️ SEC tokenized stock framework could comes as soon as this week 📨 https://lnkd.in/giJTdTFX 📺 Watch: https://lnkd.in/gcc_Jsrg 🎧 Spotify: https://lnkd.in/gThj-Ev 🎧 Apple: https://lnkd.in/gt5eWCpv

The CoinDesk 20 is currently trading at 2062.9, down 0.5% (-9.64) since 4 p.m. ET on Wednesday. Five of the 20 assets are trading higher. Leaders: NEAR (+4.1%) and TAO (+1.6%). Laggards: ICP (-1.6%) and HBAR (-1.3%). #InstitutionalInvesting #MarketInsights #AssetManagement #GlobalMarkets #DigitalAssets

Donald Trump signs a sweeping crypto executive order, questions grow around leadership changes at the Ethereum Foundation, and Jane Street is accused of dumping $192M worth of UST before Terra’s collapse. @Jennsanasie has what you need to know.

In this week’s institutional newsletter, Crypto Long & Short: - Alec Beckman on why BTC-backed lending is not a crypto story, but a capital efficiency story. - Serena Sebastiani on how stablecoins aren’t a crypto product; they’re becoming the settlement infrastructure global finance forgot. - Top headlines institutions should pay attention to by Francisco Rodrigues. - “Ethena's Solana lending markets cross $1B in 4 days” in Chart of the Week. https://trib.al/NavHJZJ

Iran has reportedly rolled out Hormuz Safe, a maritime insurance product for oil tankers trapped in the Hormuz Strait paid in bitcoin, in lieu of a toll. Lygos Finance’s Francis Corvino said the significance of this can’t be overstated, and the implications are potentially disastrous for the Bitcoin network. “This is the biggest and most dangerous moment for Bitcoin since probably the Chinese mining ban just from the standpoint of potential disruptions to the network. “If we see the US government tell American bitcoin miners that they can't mine transactions made by an Iranian entity then that's one thing…Where things start to get a little tricky is if the US government says you can't mine on top of blocks which include these types of transactions.” This is where the game theory kicks in. And it could get very dicey, very quickly. “And [if I’m a miner], I know that I'm not going to lose my opportunity cost of mining because I know that the rest of the network is going to continue to mine on top of my chain rather than this other chain which, while valid, includes transactions which we no longer agree on should be part of the Bitcoin history. “So this is the highest the states can possibly be.” 🎧Catch the latest episode of 'The Blockspace Pod,’ in partnership with Blockspace Media! 🎧 Spotify: https://lnkd.in/gThj-Ev 🎧 Apple: https://lnkd.in/gt5eWCpv 📺 Watch: https://lnkd.in/gcc_Jsrg

The CoinDesk 20 is currently trading at 2064.22, up 0.7% (+14.51) since 4 p.m. ET on Tuesday. Fifteen of the 20 assets are trading higher. Leaders: UNI (+3.7%) and TAO (+2.1%). Laggards: XLM (-0.6%) and BCH (-0.6%). #InstitutionalInvesting #MarketInsights #AssetManagement #GlobalMarkets #DigitalAssets

A last-minute Clarity Act change puts DeFi developer protections at risk, the SEC may soon unveil a framework for tokenized stock trading, and Echo Protocol loses $77M in a major exploit. Sam Ewen has what you need to know.

🎧 Catch the latest episode of Blockspace in partnership with @Blockspace! BLOCKSPACE:Iran’s Hormuz Safe BTC Insurance, Prime Trust’s Swan Lawsuit, Hive’s 320 MW AI Data Center ⚡️ Iran propose Hormuz Safe, bitcoin-payable insurance program for oil tankers ⚡️ Prime Trust bankruptcy estate is suing Swan Bitcoin to clawback nearly $1B in assets, adding to a list of clawback suits that include Zap Solutions (Strike parent company), Circle, and Huobi ⚡️ $HIVE announces 320 MW AI data center in Canada 📨 https://lnkd.in/giJTdTFX 📺 Watch: https://lnkd.in/gcc_Jsrg 🎧 Spotify: https://lnkd.in/gThj-Ev 🎧 Apple: https://lnkd.in/gt5eWCpv