Cipher Digital secures a $200M revolving credit facility to fund its pivot from Bitcoin mining to long-duration, AI and HPC data center revenues anchored by multi-campus leases. New credit facility underpins data center growth Cipher Digital said in its first-quarter 2026 business update that it has “secured a revolving credit facility of up to $200
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 2154.22, up 1.3% (+26.68) since yesterday’s close. All 20 assets are trading higher. Leaders: ICP (+5.2%) and LINK (+4.0%). Laggards: LTC (+0.7%) and BNB (+0.7%). The CoinDesk 20 is
State Street Investment Management and Galaxy Asset Management (GLXY) have launched a tokenized fund designed to move a core piece of finance — cash management — onto blockchain networks, the firms said Tuesday. The State Street Galaxy Onchain Liquidity Sweep Fund, trading under the ticker SWEEP, allows large investors to park stablecoins into a fund
Ondo Finance has tokenized STRC, Strategy Inc.’s perpetual preferred stock, making it available to non-U.S. investors across Ethereum, $BNB Chain, and Solana through Ondo Global Markets. The tokenized version carries the same 11.5% annualized yield as the underlying security, pays monthly dividends, and is backed 1:1 by STRC shares held in custody. Tokenized $STRC is
Digital asset investment products recorded $117.8 million in inflows last week, marking a fifth consecutive week of gains after a late-week rebound reversed earlier outflows. Crypto exchange-traded products (ETPs) shed $619 million across Monday through Thursday before a single-session inflow of $737 million on Friday flipped the week to positive, according to a report from
Prediction markets are moving closer to institutional finance as large investors seek direct ways to trade event risk, according to a May 4 Bernstein report. The firm said these markets can help investors track outcomes tied to tariffs, elections, policy decisions and geopolitics through clear yes-or-no contracts. Bernstein pointed to Kalshi’s first bespoke institutional block
Venture capital heavyweight Andreessen Horowitz (a16z) has launched a $2.2 billion crypto fund, doubling down on blockchain startups amid a surge in venture capital into artificial intelligence. The new vehicle, called ‘Crypto Fund 5,’ will invest in crypto entrepreneurs at all stages, with capital deployed over a decade, according to company’s spokesperson. The firm said
Coinbase announced a 14% reduction in its workforce on Tuesday, a decision CEO Brian Armstrong described as preparation for what he called a “new way of working” built on artificial intelligence—not a defensive reaction to market conditions. In a company-wide email, Armstrong cited two forces behind the move: the persistence of crypto market cycles and
The Bank of Italy has pointed out that the European Union may need to assess the development of a tokenized version of its existing payments framework, signaling a possible shift in how digital transactions are structured across the region. The proposal centers on adapting the Single Euro Payments Area (SEPA) to align with ongoing technological