The story most commonly told about stablecoins runs in one direction, i.e., they solve cross-border payment friction, settling in seconds, whereas correspondent banking takes days. Furthermore, they reduce transaction costs in corridors where traditional infrastructure is expensive, all while providing access to dollar-denominated financial instruments for populations outside the US. The volumes support this framing,
oinDesk 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 1941.81, down 2.6% (-51.57) since 4 p.m. ET on Monday. Two of the 20 assets are trading higher. Leaders: NEAR (+3.2%) and ICP (+0.7%). Laggards: XLM (-8.4%) and AAVE
Cango Inc (NYSE: CANG) has released the unaudited results of its financial statement for the first quarter of 2026, and it reported a net loss of $261.1 million. However, most of these losses came as a result of non-cash charges. The company also reported that it has wiped out its balance-sheet debt in a single
Symbiotic, a crypto infrastructure firm backed by Paradigm, Pantera Capital and Coinbase Ventures, rolled out a new system aimed at tackling one of the biggest obstacles facing tokenized assets: liquidity. The product, dubbed Liquid Lane, allows investors to exchange tokenized funds, private credit products and other real-world assets (RWAs) for stablecoins almost instantly instead of
B3, the Brazilian stock exchange, will develop a digital twin of its depository database in a blockchain in preparation for a potential inclusion of these into the traditional financial system. B3 also expects to launch B3RL, a Brazilian real stablecoin, later this year. Key Takeaways: B3 will adopt tokenization in H2 2026, replicating traditional databases
Monthly inflows into digital asset treasury (DAT) companies fell to $180 million in May, the lowest level since October 2024, according to DefiLlama data. The May total was down 95% from April’s $4.4 billion and about 93% below the monthly average for January through May. The drop followed two strong months for DAT inflows, with
The Blockchain Association, a leading crypto industry trade group, submitted a formal letter on June 1 supporting a U.S. Department of Labor proposal that would explicitly permit cryptocurrency investments within 401(k) retirement plans. The proposed rule aims to implement President Donald Trump’s Executive Order 14330, which seeks to expand investor access to alternative assets in
Keyrock, a Brussels-based digital asset services firm, is in the process of acquiring bankrupt crypto trading and lending firm Blockfills, according to two people with knowledge of the matter. A Keyrock spokesperson told CoinDesk that the acquisition is subject to court approval. According to a bankruptcy filing, Keyrock agreed to a purchase price of $3.25
Twenty One Capital, a Tether-controlled bitcoin ($BTC) treasury company that’s paid Strike’s Jack Mallers to be its spokesperson, has until Friday to comply with an independent director rule under threat of the New York Stock Exchange (NYSE) flagging its stock with code BC, Below Compliance. It doesn’t help that its stock has lost 83% of
Global financial infrastructure provider OpenPayd has announced plans to go public on the Nasdaq exchange through a merger with special purpose acquisition company Titan Acquisition Corp. (TACHU). The deal, expected to close in the fourth quarter of this year, values the combined entity at approximately $1.145 billion. Strategic Rationale Behind the SPAC Merger OpenPayd, which