Welcome to the institutional newsletter, Crypto Long & Short. This week: Sygnum Bank’s Pascal Eberle writes that investors are recognizing that custody is less about holding assets and more about proving you’re holding them correctly. CoinDesk Indices’ Andy Baehr provides a “Vibe Check,” writing about how on the heels of NYC election day, among other
Crypto majors slipped another 2–5% before showing signs of recovery after Bitcoin briefly dipped below $100,000. At the time of writing, BTC is down 2% at $102,100, ETH has fallen 5% to $3,320, BNB is down 1% at $945, and SOL is off 2% at $157. Among top movers, ZK (+24%), DASH (+12%), ASTER (+12%),
In a strategic move that’s capturing investor attention, Solana Company has just approved a massive $100 million share buyback program. This Nasdaq-listed firm, known for its significant SOL cryptocurrency investments, is making waves in the financial world with this bold decision. But what does this Solana share buyback really mean for investors and the broader
Key Takeaways CMT Digital, a venture capital firm, raised $136 million for its fourth fund focused on blockchain and web3. The firm’s latest fund targets early-stage investments that help accelerate blockchain adoption, particularly in emerging web3 sectors. CMT Digital, a venture capital firm focusing on early-stage blockchain investments, secured $136 million for its fourth fund,
The U.S. Supreme Court will hear oral arguments today in the historic case over the legality of sweeping tariffs that President Donald Trump has dubbed “Liberation Day.” The case could fundamentally alter the Trump administration’s most prominent economic policy, have multi-million dollar consequences for businesses and foreign countries, and further expand Trump’s executive powers. The
Story Highlights India teams up with Polygon and Anq to launch its first sovereign-backed digital token, fully backed by Indian Government Securities. The new INR-linked ARC token aims to modernize India’s digital finance system while keeping liquidity and innovation within the domestic economy. India is preparing to take a major step in digital finance with
Zohran Mamdani’s victory over Andrew Cuomo to become New York City’s 111th mayor came at the expense of one trader who lost about $1 million in one of the largest betting events in Polymarket’s history. According to data from Polymarket Analytics, the race between Mamdani, Cuomo, Curtis Sliwa, and Jim Walden generated more than $424
Kazakhstan’s monetary authority is planning to convert some of the nation’s existing reserves into crypto assets, one of its top managers has indicated. Addressing lawmakers, the high-ranking executive added that state-owned enterprises could also contribute to the country’s new cryptocurrency reserve. Kazakhstan’s central bank intends to buy crypto Deputy Chairman of the National Bank of
Swedish crypto asset management company Virtune announced the launch of the Stablecoin Index ETP on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra. Summary Swedish-regulated asset manager Virtune has launched Europe’s first stablecoin-focused exchange-traded product, the Virtune Stablecoin Index ETP. Backed by crypto assets held with Coinbase and listed across major European exchanges, the ETP
The Office of the Comptroller of the Currency faces pressure from bank lobbyists as crypto exchange Coinbase demands a fair path into regulated finance. Two of Washington’s most influential banking lobbies, the Independent Community Bankers of America (ICBA) and the Bank Policy Institute (BPI), have urged the Office of the Comptroller of the Currency to