The Nasdaq mostly erased an early 2% loss Thursday after reports that Iran is drafting a protocol with Oman to manage traffic through the Strait of Hormuz, easing concerns about disruptions to a key global oil route. WTI crude oil — which had surged to nearly $115 per barrel as President Trump vowed to continue
In today’s newsletter, Paul Frost-Smith, CEO of Komainu, covers how institutional crypto is converging with traditional finance, but speed can introduce risk if legal and compliance layers aren’t aligned. Then, in “Ask an Expert,” Sam Boboev, from the “Fintech Wrap Up,” details the key coordination risks institutions must solve for. Beyond custody: why connectivity will
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 1875.68, down 4.5% (-88.38) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: CRO (-2.5%) and BCH (-3.0%). Laggards: UNI (-7.7%) and SOL
Tokenization, one of the most popular concepts in the cryptocurrency world recently, combines traditional financial assets with blockchain technology. The tokenization sector is expected to grow significantly, reaching nearly $19 trillion by 2033. As this area continues to grow and attract attention, Grayscale has made some important announcements. Speaking at the EthCC conference in Cannes,
SoFi said Thursday it is launching a new business banking platform designed to let companies handle both traditional money and crypto in one place, as it pushes deeper into digital assets. The service, called SoFi Big Business Banking, allows firms to hold U.S. dollars, convert them into stablecoins and move funds around the clock, all
France’s Lightning Stock Exchange, known as Lise, is preparing to host what could become Europe’s first fully onchain stock market debut, a step that brings tokenization into the initial public offering (IPO) process. The Paris-based exchange, approved last year under the EU’s Distributed Ledger Technology (DLT) pilot regime, plans to list French aerospace supplier ST
U.S. spot Bitcoin ETFs (exchange-traded funds) recorded $173.73 million in net outflows on April 1, signaling that institutional selling pressure carried into the new quarter. The withdrawals came one day after Q1 2026 ended with roughly $500 million in net redemptions, despite a partial recovery in March that brought $1.32 billion back into $BTC funds.
The escalating tensions in the Middle East have intensified inflation concerns among US consumers. While President Trump characterizes the economy as the strongest in history with no inflation, this position stands at odds with the latest data. Follow us on X to get the latest news as it happens PRESIDENT TRUMP: The U.S. has never
According to Bloomberg, Iran is planning a $1 per barrel transit fee for the Strait of Hormuz, payable in yuan or cryptocurrency. With the US-Iran conflict raging for over a month, a deal still seems unlikely. With neither country backing down, Iran’s restrictions on passage through the Strait of Hormuz, which is of great importance