A forty-year-old Texas bank is stepping onto the national stage to challenge Wall Street’s push to get a grip on the digital asset industry. United Texas Bank (UTB) secured approval from the Office of the Comptroller of the Currency (OCC) to convert from a state-chartered financial institution into a nationally chartered bank on May 15,
Kyrgyzstan is moving quickly to build a state-backed crypto economy, rapidly becoming the Switzerland of crypto. The government has already launched two stablecoins, built a national gold vault, and brought former Binance CEO Changpeng Zhao into its policy circle. One stablecoin, USDKG, is backed by physical gold bought by the Kyrgyz Ministry of Finance. The
Alpha Compute Corp., trading on NASDAQ under the ticker ALP, has signed a deal to acquire a 60% controlling stake in GAMEE from Animoca Brands. The enterprise valuation comes in at $18 million, with considerations of up to $11 million tied to how GAMEE performs over the next two years. The deal also creates something
Jamie Dimon just said the quiet part out loud. The JPMorgan Chase CEO confirmed that his potential successors are already inside the company, and that the board considers succession planning its single most important agenda item right now. The internal horse race Dimon has made clear that the successor pool is drawn from JPMorgan’s current
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2035.72, up 0.1% (+2.93) since 4 p.m. ET on Tuesday. Twelve of the 20 assets are trading higher. Leaders: ICP (+9.8%) and XLM (+1.7%). Laggards: NEAR (-3.9%) and AAVE
Welcome to our institutional newsletter, Crypto Long & Short. This week: Ravi Tanuku on how the $GENIUS Act repriced bitcoin’s monetary premium Jesper Johansen on looped $ETH staking without lending market exposure Top headlines institutions should pay attention to by Francisco Rodrigues “$NEAR Intents fee run-rate holds as price recovers off $1 lows” in Chart
A major experiment led by the Bank for International Settlements (BIS) found that tokenization could help fix some of the biggest pain points in cross-border payments, from slow settlement times to costly reconciliation between banks. Project Agorá, a joint effort between the BIS, seven central banks and more than 40 private financial institutions, concluded that
Jefferies said it expects a new wave of crypto and blockchain-related public listings as institutional adoption of digital asset infrastructure accelerates across Wall Street and the payments industry. In a report published after its first Digital Assets Investor Conference in New York, Jefferies said it expects a surge of crypto-related public listings over the next
IREN shares rose 4% in pre-market trading after the company entered a $1.6 billion purchase agreement with Dell Technologies for air-cooled Blackwell systems, a major step in scaling its artificial intelligence infrastructure, the company said on Wednesday. The new systems will support IREN’s previously announced five-year, $3.4 billion managed services AI cloud contract and are
The S&P 500 hit another record on Tuesday, reaching 7,539.8 during the session and putting the index on pace for a nine-week winning run, its first since 2023. Tech did most of the heavy lifting because, of course, Wall Street went right back to worshiping chips after the long weekend. The Nasdaq Composite also reached