CoinDesk · 快讯

null Perpetual swaps, also called perpetual futures or “perps” for short, are the dominant trading instrument in the crypto market, processing an estimated $40 to 50 trillion a year in volume. They dwarf spot trading, and they are the product that professional traders, hedge funds and retail speculators reach for when they want leveraged exposure to the price of bitcoin or tther without owning the underlying asset. Despite their ubiquity, the mechanics that make them work are not widely understo

(Rob Kim/Getty Images) Fanatics will acquire BGC's federally regulated exchange and clearinghouse to launch and settle its own prediction markets. The deal positions Fanatics to compete in the fast-growing prediction market sector alongside Kalshi, Polymarket and other emerging platforms. Fanatics and BGC also plan to develop new market data products that combine prediction market activity with traditional financial market data. American sports company Fanatics is making a major move into predic

Cantor is advising crypto bank AMINA on path to potential public listing. (Unsplash) Swiss crypto bank AMINA is working with Cantor to evaluate a public listing. The firm has explored multiple routes to the public markets and is said to favor a reverse takeover of a digital asset treasury company, though no final decision has been made. AMINA joins a growing list of crypto firms weighing IPO plans as volatile market conditions prompt many private companies to reassess the timing and structure of

Lido’s new upgrade consolidates more than 8 million staked ether onto an optimized backend architecture to lighten the load across the entire Ethereum network. (Lido/Media) Lido began its largest upgrade since 2023, consolidating more than 8 million staked ether onto Ethereum’s new post-Pectra validator design. The shift is expected to cut Ethereum’s total validator count by about one-third and reduce attestation messages by roughly 29% per epoch, easing load on the consensus layer without direc

Bangkok, Thailand (Walkerssk/Pixabay) Thailand’s SEC alleged that cryptocurrency exchange Bitkub and two of its former directors concealed a cyberattack that led to the theft of around 1.7 billion baht ($50 million) in May 2021. The SEC alleged that Sakolkorn Sakavee and Thaweesap Rawan made false statements in company documents to deceive the regulator. While the SEC and Bitkub made good the losses by the end of October that year, the regulator said it discovered that Bitkub did not disclose th

Nvidia forms 37-member AI security alliance without OpenAI, Anthropic or Google.(Nvidia/CoinDesk Archives) Nvidia and 36 other technology firms have formed the Open Secure AI Alliance to develop open-source security tools for AI, arguing that closed models can hinder incident response. The group, which includes Microsoft, IBM, Red Hat, Cloudflare, CrowdStrike, Palantir, Databricks, Hugging Face, SpaceXAI and the Linux Foundation, was galvanized by a Hugging Face breach in which OpenAI test model

By Friday afternoon, the mood on commodity trading desks changes. For the first four days of the week, traders have been trying to profit from their bets. By lunch on Friday, however, they're thinking about how much risk they can tolerate until markets reopen on Sunday evening. Anything could happen while markets are closed: news of a new war, an election result, an unexpected OPEC announcement or, as seen recently, a market-moving presidential post . Forty-eight hours can be a long time when tr

Securitize CEO Carlos Domingo speaking at Consensus Miami 2026 (CoinDesk) Securitize’s subsidiary, Securitize Capital, has registered with the U.S. Securities and Exchange Commission as an investment adviser, expanding the firm’s existing suite of regulated businesses. The new registration positions Securitize to work more closely with asset managers and institutional investors as they explore onchain investment strategies, including tokenized vaults and other blockchain-based products. Securiti

Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk) Bitmine bought 9,946 ether last week, lifting its holdings to 5.79 million ETH ($11.2 billion), or about 4.8% of ether’s circulating supply, as it pursues a long-term goal of owning 5%. The company also stepped up share repurchases, buying back 6.1 million shares under its $4 billion buyback authorization, up from 5.5 million the previous week. Chairman Tom Lee cited ether’s outperformance of

Circle acquired nearly 1,000 blockchain-anchored patents from IBM, becoming the largest holder of such patents in the United States. The portfolio covers blockchain technology, banking, insurance, and cloud security, though the financial terms of the deal were not disclosed. Circle plans to use these patents to support USDC, its Arc blockchain, and financial tools for AI agents, while exploring future IBM partnerships. Stablecoin issuer Circle (CRCL) has acquired nearly 1,000 issued blockchain-a

Michael Saylor (Photo by Joe Raedle/Getty Images) Strategy’s (MSTR) cash reserve now stands at $3.75 billion after the company raised $544.5 million last week. That $3.75 billion is enough for 2.1 years of preferred stock dividend coverage, according to Executive Chairman Michael Saylor. The money was raised through sales of more than 5.4 shares of common stock, per an SEC filing Monday morning. A small portion of the raised money last week — $25 million — was used to buy back 288,930 shares of

Bitcoin options traders have sharply reduced downside hedges since late June, with the put/call open-interest ratio falling to about 0.52 from 0.76. Short-dated options show much lower demand for near-term protection than for three- to six-month tenors, signaling traders see this week as calmer even as they insure against turbulence later in the year. Implied volatility is subdued across the curve and slopes upward into the future, leaving markets with limited cushion if Wednesday’s Federal Rese

Gold, bitcoin benefit as investors seek protection from potential dollar debasement. (Andrej Sachov/Unsplash) This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. The broader outlook for perceived store-of-value assets such as bitcoin BTC $ 65,175.02 and gold remains constructive. The reason is simple: the U.S. government is more indebted than ever, with no end in sight. The Treasury’s Debt to the Penny dataset put the federal debt at an all-time high of

(SoSoValue) Bitcoin ETFs saw $465.26 million on Thursday and Friday last week, bringing an end to a seven-day winning streak. Despite this, the ETFs recorded their third consecutive week of inflows, with gains of $33.8 million across the five days. The small gains from bitcoin ETFs continue their modestly positive trajectory throughout July, following eight consecutive weeks of outflows dating back to the week-ended May 15. The U.S.-listed spot bitcoin BTC $ 65,234.12 exchange-traded funds (ETFs

Brian Armstrong expressed his dissent with crypto firms that rebrand because of fashionable trends. (CoinDesk) Brian Armstrong, Coinbase’s CEO, criticized crypto firms that rebrand as AI companies, arguing that crypto is foundational infrastructure that should complement, not compete with, artificial intelligence. He said Coinbase aims to anchor an emerging ecosystem he calls Agentic Finance, using the x402 protocol, Base blockchain and USDC stablecoin to let AI agents trade, spend and accept pa

Bitcoin price (CoinDesk Data) The U.S. and Iran paused strikes over the Strait of Hormuz, sending Brent crude tumbling more than 7% to around $87, easing the inflation fears that have weighed on risk assets for weeks. The Fed meets this week on whether to raise rates for the first time in three years as inflation nears 4.1%, though the pause in hostilities trimmed the probability of an increase to 30.5% from 37.4% at Friday's close, according to CME Group's FedWatch tool. DeFi tokens led the cry

Federal Reserve Chairman Kevin Warsh (Eric Lee/Getty Images) Crypto Week Ahead is a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain, as well as the major macroeconomic events that will influence digital asset markets. Interest rates could set the direction for crypto this week, with the Federal Reserve, Bank of England and Bank of Japan all expected to hold while markets look for signs that higher energy prices have brought further tightening closer. CME’s

Storj filed for Chapter 11 bankruptcy. (FuzzMartin/Getty Images) Decentralized cloud storage firm Storj Labs filed for Chapter 11 bankruptcy in West Virginia to address legacy obligations while pledging to keep services running. The restructuring plan proposes sharing ownership of the reorganized company among management, investors and token holders, who typically receive nothing in a Chapter 11 process. The filing caps a week that saw BitMEX and BitMart announce solvent wind-downs and Movement

null Disclosure & Polices : CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies . CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in

Crypto is the canary in the coal mine for the quantum computing threat. (David Clode/Unsplash) Quantum computing could first expose vulnerabilities in crypto networks, positioning Bitcoin as an early warning system for broader financial infrastructure risk. The real bottleneck is governance, not cryptography, as Bitcoin’s slow, consensus-driven upgrade process lags behind centralized institutions. “Q-Day” is a gradual threat, not a single moment, with attackers needing only enough quantum power

BTC's price rise. (CoinDesk) Peace trades are back in vogue as the U.S. and Iran hold fire. ETH is outperforming BTC amid renewed weakness in oil prices. Risk-on peace trades are back in vogue after the U.S. and Iran held fire on Sunday, sending oil prices lower. Bitcoin BTC $ 64,465.97 , the leading cryptocurrency by market value, is back above $65,000, with prices up about 1.2% over 24 hours. Ether (ETH) has risen by over 3% to nearly $1,950 alongside 1% to 2% gains in other top 10 token, incl

South Korea (Photo by Daniel Bernard on Unsplash) POSCO International is putting live trade receivables on the Injective blockchain in a pilot with LG CNS, aiming to speed up payments between its global subsidiaries. By placing receivables on a shared blockchain ledger, the companies aim to create a single, transferable record that embeds compliance rules and reduces reconciliation times for buyers, sellers and banks. The initiative, which POSCO plans to move into live production after the pilot

U.S. Senator Cynthia Lummis (Jesse Hamilton/CoinDesk) Senators released new text for the Clarity Act, merging two versions and addressing for the first time what an ethics provision might look like. The bill isn't yet at the finish line though. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Timeline The narrative We have a new draft of the Digital Asset Market Clarity Act, which merges