Upcoming Layer 1 blockchain Nexus has unveiled its native rewards stablecoin, USDx. USDx will serve as the Nexus ecosystem’s native dollar and will implement a Global Yield Distribution System (GYDS), under which applications that hold USDx earn a share of protocol revenue based on their users’ USDx holdings. The design is intended to provide yield
Recently published accounts from FTX-backed charity Effective Ventures confirm that the company sold a £17 million ($23 million) stately manor at a £10.7 million ($14.5 million) loss as it continues to wind down its UK operations. Effective Ventures’ UK arm bought the manor in 2022 as part of a plan to host educational events for
PALM BEACH, Fla. — Apex Group, a global financial services provider overseeing more than $3.5 trillion in assets, has partnered with $WLFI$0.1228, the crypto company affiliated with U.S. President Donald Trump, to pilot the use of a stablecoin in traditional fund operations, the companies announced at the World Liberty Forum at Mar-a-Lago on Wednesday. The
Kraken, a major US-based crypto exchange, has acquired Magna, a platform specializing in token distribution and management tools for digital asset companies, Fortune reported Wednesday. Terms of the acquisition remain undisclosed. The deal, announced today and finalized last week, is the sixth acquisition by the exchange over the past year as it prepares to go
PALM BEACH, Fla. — Facing pressure from the growing momentum behind blockchain-based finance, New York Stock Exchange (NYSE) President Lynn Martin said she felt a “responsibility” to get involved in tokenization. “We’ve felt the responsibility to enter into the tokenization conversation,” Martin said at the World Liberty forum in Palm Beach Wednesday. The exchange has
Bitwise Asset Management wants to offer a prediction markets for the next U.S. presidential election through exchange-traded funds (ETFs). Under “Prediction Shares” branding, the San Francisco-based crypto asset manager filed to list two ETFs tracking prediction markets betting on the outcome of the 2028 election — one for a Democratic winner, one for Republican —
PALM BEACH, Fla. — Goldman Sachs CEO David Solomon said he owns “very little, but some” bitcoin, although he continues to follow the asset closely as part of a broader interest in how technology is reshaping finance. “I’m an observer of bitcoin,” Solomon said at the World Liberty Forum on Wednesday, saying he’s still trying
Ultan Miller, CEO of Hecto Finance, laid out a bold vision during an interview with CoinDesk at Consensus Hong Kong 2026: a blockchain-native bridge to the world’s most valuable private companies, long out of reach for everyday investors. However, his strategy and the controversy it sparks, highlight how the tokenization of private equity is evolving
Market traders are predicting a 74% chance that the Supreme Court will rule against President Donald Trump’s tariffs. The Supreme Court has set February 20, 2026, as its next opinion date, with additional sessions scheduled on February 24 and 25. Source: Polymarket Markets Argue That President Trump Failed to Follow Protocol Ahead of the Supreme
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 1962.18, down 0.9% (-18.81) since 4 p.m. ET on Tuesday. One of the 20 assets is trading higher. Leaders: CRO (+0.1%) and UNI (-0.3%). Laggards: APT (-3.0%) and SOL