Stablecoin firm KAST has hired Brad Jaffe as its chief communications officer, the company said Wednesday. Jaffe previously led global communications at cryptocurrency exchange Binance for more than three years. Jaffe handled strategic communications at Binance during a period at the exchange which saw tumultuous regulatory challenges against a backdrop of rapid growth. At KAST
Tether, the crypto firm behind the most popular stablecoin $USDT $USDT$0.9999, has invested $50 million in sleep technology startup Eight Sleep at a $1.5 billion valuation, according to a Wednesday press release and data from Crunchbase. With the funding, Eight Sleep plans to develop new AI health features using Tether’s QVAC architecture, a computing framework
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 2029.47, up 3.9% (+76.88) since 4 p.m. ET on Tuesday. Eighteen of 20 assets are trading higher. Leaders: SOL (+5.6%) and AAVE (+5.0%). Laggards: NEAR (-2.4%) and DOT (-0.4%).
According to the Wall Street Journal, the cryptocurrency exchange Kraken has received approval for its ‘master account’ with the US Federal Reserve. Accordingly, Kraken, the second-largest cryptocurrency exchange in the US, achieved something no other cryptocurrency company had ever done before: gaining access to the FED. At this point, Kraken became the first cryptocurrency company
The increase in trading volume seen on March 3rd in Strategy’s perpetual preferred stock product, STRC, indicated that the company was actively using this instrument to finance new Bitcoin purchases. On that date, STRC’s daily trading volume reached approximately $198.7 million. This figure significantly exceeded the average of $123.3 million over the previous 30 days.
The world’s largest market infrastructure operators are warning that tokenized securities will struggle to scale unless the industry agrees on how blockchains and traditional finance systems connect. In a joint white paper, the Depository Trust and Clearing Corporation (DTCC), Euroclear and Clearstream, working with Boston Consulting Group, argued that “interoperability is a prerequisite for digital
Leo KoGuan, the founder of global IT solutions firm SHI International and one of Tesla’s largest individual shareholders, disclosed today that he acquired one million shares of Nvidia on Tuesday. I was all-in-Tesla; I am still mostly in Tesla + T-bills I bought 1 million shares of NVDA last night; plan to buy more. I
$ARK Invest, Cathie Wood’s investment firm focused on disruptive technology sectors, acquired 158,587 shares of Robinhood (HOOD) on Tuesday ahead of the brokerage’s “Take Flight” event scheduled to take place tomorrow at 7:30 PM ET. Apart from HOOD, $ARK Invest also accumulated shares of Coinbase, CoreWeave, Tesla, and Alibaba. Take Flight is Robinhood’s flagship event,