The UK Treasury has set Q1 2027 for its first tokenized sovereign bond transaction, but the project has remained dependent on finding a workable method to settle its cash leg on-chain. CoinDesk reported that the missing payment mechanism has held back institutional use of digital bonds for almost seven years, even as governments and financial
The U.S. cryptocurrency industry directly employs 34,000 people and is projected to contribute more than $55 billion to the nation’s gross domestic product in 2026, according to a report released by the National Cryptocurrency Association. Of that total, roughly $31 billion is expected to be realized as worker wages and income, highlighting the sector’s growing
Investment bank Benchmark has raised its price target on Bitcoin miner Hut 8 following news that the company had signed a second 15-year lease worth $9.8 billion for its AI data center. Equity research analyst Mark Palmer reiterated his “buy” rating on the Toronto- and Nasdaq-listed miner in a note Wednesday, raising its price target
Coinbase shares have fallen 4% to about $169 on July 22 as the CLARITY Act’s 2026 passage odds dropped 15 percentage points from the previous day’s peak. Polymarket data places the bill’s chance of passing before the end of 2026 at 37%, down from 52% on July 21, after disagreements emerged over how proposed ethics
The market for tokenized stocks reached a record $2.3 billion in market capitalization in mid-July, according to Token Terminal data, nearly doubling since March, when the sector first cleared $1 billion, and the growth is showing up across every major issuer at once. On July 21 alone, Artemis data recorded all-time highs for Ondo Finance’s
Hollywood may be embracing tokenization, but hidden or probably non-existent Matt Damon’s crypto exposure tells a different story. Despite real-world assets rapidly moving onchain, the actor has kept his personal wealth rooted in traditional real estate rather than digital assets, with his blockchain involvement remaining largely philanthropic. Public records show no evidence that Damon personally
Crypto-friendly digital bank Revolut has been valued at $115 billion in a secondary share sale, lifting the company’s valuation by 53% in less than a year. The company priced shares at $2,017 each, according to an internal message from CEO Nik Storonsky reported by The Wall Street Journal. The transaction allows employees and other existing
OpenAI has raised its projected spending on computing infrastructure to around $750 billion through 2030 as the company signs new cloud contracts and accelerates its data center expansion. The revised figure is up from approximately $600 billion projected earlier this year, according to The Wall Street Journal. The increase reflects OpenAI’s effort to secure the
The success of Britain’s planned tokenized sovereign debt market relies entirely on resolving onchain cash settlement, an issue that has stalled institutional adoption of digital bonds for nearly seven years, industry experts told CoinDesk. While the U.K. government is targeting early 2027 to test its first blockchain-based bond issuance via HSBC and the London Stock