Société Générale’s crypto arm, SG-FORGE, completed its first blockchain-based digital bond issuance in the U.S., expanding its footprint in onchain capital markets. The short-term bond, tied to the secured overnight financing rate (SOFR), was purchased by trading firm DRW. The bond runs on the Canton Network, a privacy-enabled blockchain infrastructure developed by Digital Asset. Canton
Bitcoin’s steep sell-off might have finally run its course, according to Geoffrey Kendrick, the head of digital asset research at Standard Chartered, who argues the pullback follows a familiar pattern and is likely nearing exhaustion. Bitcoin BTC$93,286.25 plunged below $90,000 on Tuesday, extending a drawdown that’s erased nearly 30% from the currency’s all-time high above
Obex, a new crypto incubator, has raised $37 million to support building the next generation of yield-generating stablecoins led by Framework Ventures, LayerZero and the Sky ecosystem, the team has told CoinDesk in an interview. The initiative set out to invest and provide capital to projects that bring real-world asset-backed strategies onchain, bringing institutional-grade risk
Russian financial giant Sberbank is focusing its efforts on the development of blockchain and artificial intelligence, according to one of its top executives. The banker believes that the combination of the two will form the core of his organization’s business in a future of competition with decentralized finance. Sberbank is betting on blockchain and AI
Lloyds Banking Group has agreed to acquire British digital asset wallet service provider Curve in a deal worth £120 million ($139 million), according to people briefed on the transaction speaking to Sky News. According to the latest report from Sky News on the matter, the agreement is set to be announced formally next week. Curve
Nearly one in five Americans say they would rather receive cryptocurrency than a gift card this holiday season, according to a new survey from the National Cryptocurrency Association (NCA) and PayPal. The report, which surveyed more than 2,000 U.S. adults, found that 17% prefer crypto over traditional gift cards, while 31% believe digital currency gifts
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 2947.42, up 1.5% (+43.33) since 4 p.m. ET on Monday. Sixteen of 20 assets are trading higher. Leaders: SOL (+5.8%) and APT (+5.3%). Laggards: ICP (-3.0%) and BCH (-1.7%).
Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin (BTC) may be entering a decisive phase as market conditions increasingly point toward a potential drawdown toward the $50,000 zone. Notably, the outlook comes as Bitcoin continues to face downward pressure, dropping below the $90,000 mark for the first time since April. At press time, the
President Donald Trump has outlined a timeline for his proposed $2,000 “tariff dividend,” telling reporters his administration expects payments to start reaching eligible Americans around the middle of 2026 or later if Congress approves the plan. The White House wants to channel tariff revenue toward “moderate” and “middle income” households, but the idea still lacks
There’s no sugarcoating it— bitcoin is clinging to the cliff’s edge at $91,200, balancing between a crucial support at $89,000 and a failed launch pad near $95,000. With a 24-hour price rollercoaster stretching from $89,189 to $95,418 and a staggering $122.74 billion in trading volume, the crypto king is drawing a crowd, but not exactly