In brief 21shares launched the Strategy Yield ETN (STRC) on the London Stock Exchange, providing U.K. investors access to Strategy’s preferred shares. The ETN offers an 11.50% yield paid monthly in cash with tax deferral benefits. Strategy holds about $67 billion worth of Bitcoin and has seen surging demand for its STRC shares this year.
Famed startup accelerator Y Combinator is set to host interviews in New York City for the first time, focusing specifically on fintech and crypto startups, as it looks to back more firms in the space. “This is the first time YC has taken its interview process for a specific sector on the road in this
Coinbase engineering head Erik Reppel offered a glimpse into how artificial intelligence could reshape the economics of the internet, arguing that AI agents may force a shift away from the web’s ad-driven business model. Speaking onstage at Consensus Miami 2026, Reppel, the founder of the x402 payments protocol and head of engineering at Coinbase Developer
SpaceX plans an initial $55 billion Terafab chip and AI megafactory in Grimes County, Texas, as part of Elon Musk’s broader Austin-centered semiconductor and compute build‑out. SpaceX is preparing to pour an estimated $55 billion into the first phase of its Terafab super‑factory in Texas, according to a recent notice from Grimes County officials and
BlackRock, the world’s largest asset manager, accumulated over $1 billion worth of Bitcoin (BTC) and Ethereum ($ETH) through its spot ETFs in the first few trading days of May 2026. Most inflows came via the iShares Bitcoin Trust, which drew $871.3 million across May 1, 4, and 5. The strongest day was May 4, with
Strategy (NASDAQ: MSTR), formerly MicroStrategy, reported a $12.54 billion quarterly unrealized Fair Market Value (FMV) loss, yet its stock rose on May 6 as Bitcoin ($BTC) rebounded above $80,000. The market response supports the idea that investors are prioritizing the firm’s characteristic focus on acquiring ‘digital gold’ over traditional earnings metrics. However, while the company
Executives from Intercontinental Exchange (ICE), OKX and Securitize warned that synthetic tokenized stocks are creating market and retail risks, as ICE moves ahead with a regulated platform for tokenized U.S. equities. Michael Blaugrund, who works on strategic initiatives at ICE, the owner of the New York Stock Exchange (NYSE), said during a panel at Consensus
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 2210.86, up 2.5% (+53.36) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: NEAR (+16.0%) and ICP (+10.4%). Laggards: BTC (+0.9%) and ETH (+1.5%). The
Stablecoin infrastructure platform OpenTrade closed a $17 million funding round Wednesday led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC and CMCC Global, bringing its total funding to more than $30 million. The London-based company said the funding will be used to expand its permissioned and permissionless infrastructure and support plans