Story Highlights Binance CEO Richard Teng says India’s young and tech-savvy population is fueling rapid crypto adoption. India ranks among the top countries in the Chainalysis Global Crypto Adoption Index. Teng believes clear and smart regulation will boost India’s role in the global crypto ecosystem. India’s growing crypto potential has caught global attention. Binance CEO
Strive (ASST), a Nasdaq-listed asset manager with a bitcoin BTC$107,661.53 treasury strategy, announced plans Monday an initial public offering of a new class of preferred shares designed to pay dividends. The Series A Variable Rate Perpetual Preferred Stock, dubbed SATA, aims to pay an initial 12% annual dividend, paid monthly in cash. The company set
Digital asset investment products saw $360 million in outflows last week after Federal Reserve Chair Jerome Powell signaled hesitation on future interest rate cuts. Bitcoin ETFs took the hardest hit, losing $946 million, while Solana attracted a record $421 million in inflows. Powell’s Hawkish Stance Rattles Markets Outflows followed comments from Powell indicating another rate
Donut Labs has raised $15 million in seed funding as it builds what it calls “an AI quant inside a browser.” The funding came from investors such as BITKRAFT, Makers Fund, Sky9 Capital, Altos Ventures and Hack VC, alongside contributors from Solana, Sui and Monad ecosystems, according to an emailed announcement on Monday. The seed
Is the ConsenSys IPO finally on the horizon? For years, ConsenSys has quietly powered some of the most essential tools in the Ethereum ecosystem, such as: MetaMask Infura Linea At the same time, it’s kept its own operations largely private. But recent reports suggest that the blockchain giant is gearing up for a major move:
Nasdaq-listed Tharimmune (THAR) has raised about $540 million in a private placement led by DRW and Liberty City Ventures, as the biotech firm pivots toward a digital asset treasury (DAT) strategy centered on canton coin (CC), the company said in a press release Monday. THAR is up roughly 30% on the announcement. The thinly-traded canton
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 3478.84, down 4.0% (-145.03) since 4 p.m. ET on Friday. One of 20 assets is trading higher. Leaders: ICP (+35.0%) and POL (-1.6%) Laggards: SUI (-8.6%) and CRO (-7.9%).
Standard Money, developer of the BNB Chain-based stablecoin USDsd, has raised $8 million from an array of crypto investment heavyweights. The strategic investment round was led by Yzi Labs and included participation from Gate.io, Crypto.com, and Animoca Brands, according to an emailed announcement shared with CoinDesk on Monday. USDsd is a yield-seeking algorithmic stablecoin based
Brazilian financial giant Banco Inter and Chainlink have completed a blockchain-based pilot that enabled the central banks of Brazil and Hong Kong to settle a cross-border trade transaction in real time using digital currencies and smart contracts. The test was part of Phase 2 of the Central Bank of Brazil’s Drex digital currency initiative, which