Shinhan Financial Group has joined a coalition of major South Korean banks to explore a won-denominated stablecoin project, according to financial industry sources on June 1. The group, which includes KB, Toss, the Industrial Bank of Korea (IBK), BNK Financial, and iM Bank, held a private digital asset meeting in Seoul today. The move signals
SpaceX is targeting a Nasdaq listing on June 12, 2026, under the ticker SPCX. The company is aiming for a valuation of approximately $1.75 trillion and a raise of roughly $75 billion, which would make it the largest IPO in history by a wide margin. For context, the current record holder is Saudi Aramco, which
OpenPayd, a financial technology company building the infrastructure layer for the digital economy, will become a publicly traded company on Nasdaq under the ticker “OP” after entering into a definitive business combination agreement with Titan Acquisition Corp., a SPAC focused on high-growth fintech companies. The deal values OpenPayd at approximately $1.1 billion. Iana Dimitrova, CEO
Strategy (MSTR), the company whose bitcoin accumulation strategy inspired a new generation of so-called digital asset treasury firms, sold $BTC for the first time since December 2022, offloading roughly $2.5 million worth of tokens. The move came as the scheme has faced major headwinds since gaining popularity last year. Dozens of companies raised capital through
Bitwise completed its takeover ofSuperstate’s Crypto Carry Fund (USCC), giving the asset manager control of a tokenized investment vehicle that uses market-neutral crypto trading strategies to generate yield. Bitwise said on May 7 it would assume management of the fund from Superstate as the infrastructure company shifted its focus toward FundOS, its tokenized fund platform.
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 1993.65, up 0.2% (+3.54) since 4 p.m. ET on Friday. Seven of the 20 assets are trading higher. Leaders: XLM (+14.1%) and BNB (+7.9%). Laggards: NEAR (-7.3%) and BCH
Stablecoins nearing a $300 billion market value have prompted fresh warnings from the European Central Bank, whose officials say a digital euro is needed to protect financial stability and maintain the role of central bank money in the payments system. According to Isabel Schnabel, a member of the European Central Bank’s Executive Board, the rapid
Crypto investment products extended losses to three straight weeks last week amid ongoing selling pressure in markets and limited institutional demand. Crypto exchange-traded products (ETPs) recorded $1.67 billion in outflows last week, the second-largest weekly withdrawal of 2026, CoinShares reported on Monday. The fresh outflows bring three-week losses to $4.21 billion, with total assets under
Putting real-world investments onchain, a process called tokenization, is moving out of the testing phase and into everyday business. Citi’s new report Tokenization 2030: Wall Street On-Chain shared with CoinDesk ahead of Proof of Talk in Paris, shows that the global market for thse digital investments sits at just $17 billion today. However, Citi expects