Author: Journalist

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…

Shares of stock and crypto trading platform eToro (ETOR) have debuted at $52 a share after the company hit the Nasdaq exchange on Tuesday evening.The company raised about $310 million from investors as it sold 6 million shares at a price of $52 a piece. The listing values the company at $4.2 billion.The price is significantly higher than the marketed range, as the company received a much higher demand than previously anticipated.EToro becomes the first company to go public after a rough couple of months in markets across the U.S., as President Donald Trump is in discussions to make several…

It was a pretty positive week for crypto as prices rose, big deals were signed, and stablecoins continued to penetrate deep into the financial system. Even ETH, a perennial downer of late, rose sharply, reaching nearly $2300 at press time. The CoinDesk 20, a barometer for the whole market, has risen 15%-plus since Monday. Bitcoin was near ATH levels this week on the back of more positive “trade” news. Bearish positions were liquidated and ETF flows were up, Omkar Godbole reported. ETH’s resurgence may have had something to do with its Pectra upgrade, which went off without a hitch (as…

U.S. regulators have given final approval for spot exchange-traded funds that hold Ethereum’s ether (ETH), giving Americans access to a second major cryptocurrency via the easy-to-trade vehicles.The decision caps a years-long process to get ether ETFs approved by the Securities and Exchange Commission and follows the regulator’s approval of bitcoin (BTC) ETFs in January. Packaging ether in an ETF wrapper could make them more palatable to conventional investors since the funds can be bought and sold through traditional brokerage accounts. Since their debut in January, bitcoin ETFs have attracted tens of billions of dollars of investment.Approval did not seem certain…

Commerzbank will provide custody services and the Deutsche Boerse subsidiary will enable trading of digital assets for German corporate clients.The service will focus on the trading of bitcoin and ether, the companies said.Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, signed a deal with Commerzbank (CBK) to offer trading services to the lender’s corporate clients just two weeks after reaching a similar agreement with Zürcher Kantonalbank (ZKB) in SwitzerlandCommerzbank, the country’s second-largest bank by number of branches, will provide custody services, the companies said in a press release on Thursday. The trading service offered by the Deutsche Boerse…

Federal prosecutors charged four purported market makers, a handful of crypto projects, and over a dozen individuals with manipulating various crypto markets Wednesday, saying they profited from fees and selling manipulated coins at elevated values.According to charging documents unsealed Wednesday, Gotbit, CLS Global, MyTrade and ZM Quant wash traded various tokens to make it appear they had more legitimate activity than they actually did, selling some of these tokens at “artificially inflated prices” to others, marketing these coins on various platforms and convincing exchanges to let them buy tokens with reduced fees.The U.S. Securities and Exchange Commission also brought charges…

U.S. President-elect Donald Trump named hedge fund manager Scott Bessent, a cryptocurrency enthusiast, as his pick for Treasury Secretary.If the Senate confirms him, the next person whose signature adorns U.S. paper currency will be a fan of the digital currency ecosystem set up to replace the conventional financial system.Bessent runs Key Square Group, a macro investing firm. He worked for prominent investor George Soros three decades ago and was, according to The Wall Street Journal, “one of the driving forces” behind Soros Fund Management’s famous bet — that netted a more than $1 billion profit — that the British pound…

Legal & General (L&G), the London-headquartered pension and investment management firm with $1.5 trillion in assets under management, is plotting an entrance into the blockchain-based tokenization space that’s growing popular among finance giants.Tokenization – or the representation of conventional assets like U.S. Treasuries-backed money-market funds via tokens on a blockchain – has become popular among traditional finance firms. That accelerated after the arrival of BlackRock, the largest asset manager in the world, on the scene with its BUIDL fund on the Ethereum blockchain. Others are available from Franklin Templeton, State Street and Abrdn.“We are evaluating ways to make the Legal…

Sony, the Japanese electronics giant famous for developing the Betamax and Walkman in the 1970s, is now starting its own blockchain.Sony Block Solutions Labs, a joint project between Sony Group and Singapore-based Startale Labs, said Friday it’s coming out with a new layer-2 network atop the Ethereum blockchain called Soneium.The news signals that there may be a renewed interest from mainstream companies in building products for consumers with blockchain technology.Soneium, expected to go live on a test network in the next few days, will make use of optimistic rollup technology, which allows users to transact on networks on top of…

A spokesman for Revolut said the company wants to expand its crypto offerings, taking a compliance-first approach to become a safe harbor for the entire crypto community.Revolut, which snagged a U.K. banking license in recent months, would join other entrants to the stablecoin sector including PayPal, Ripple and BitGo.Revolut, a London-based fintech company that offers cryptocurrency trading, intends to issue its own stablecoin, according to four people who have heard about the plan.The company, which snagged a U.K. banking license in July and was valued at $45 billion earlier this year, is said to be quite far along in creating…