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Grayscale updates Hyperliquid ETF filing as Anchorage Digital Bank enters spotlight, while Coinbase remains key custodian in crypto ETF market. Grayscale has updated its Hyperliquid exchange-traded fund proposal recently. The company referred to Anchorage Digital Bank as a custodian. But previous filings had reported Coinbase as the primary custodian. Therefore, this change has drawn strong attention across the crypto market. Grayscale update highlights growing competition in crypto ETF custody The significance of the change is that Coinbase has a significant presence in crypto ETF custody. In addition, numerous funds rely on Coinbase to store their funds safely. Thus, any movement…
Crypto heads into the new week with its Friday rally on shakier ground.The announced reopening of the Strait of Hormuz sent oil lower and pushed risk assets higher, including bitcoin and the wider crypto market. The opening reversed on Saturday, with Iran firing at ships attempting to pass and the U.S. seizing an Iranian-flagged tanker on Sunday.With the ceasefire set to expire by mid-week, traders will be watching whether the risk-on rotation can survive a renewed energy shock.The technical level to watch is clear. Luke Nolan, senior ETH research associate at CoinShares, told CoinDesk the follow-through hinges on bitcoin holding…
Crypto funds record $1.4B weekly inflows as Bitcoin and Ethereum lead growth, pushing total assets under management to $155B globally. Crypto investment products recorded strong growth last week across global markets. According to CoinShares, total inflows were 1.4 billion. In addition, this was the third consecutive week of positive inflows. Consequently, investor confidence in digital asset markets appears to be steadily increasing. Bitcoin and Ethereum drive largest crypto fund inflows since January The weekly report issued by CoinShares indicated that the total assets under management had hit 155 billion in the world. Moreover, inflows constituted approximately 0.91% of total assets…
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 2085.29, down 3.6% (-78.65) since 4 p.m. ET on Friday.None of 20 assets are trading higher.Leaders: BNB (-2.3%) and BTC (-2.5%).Laggards: AAVE (-22.9%) and ICP (-7.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Digital Currency Market Dynamics:#Bitcoin #BTC #price #drops #assets #decline
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SBI Remit and Tottori Bank are launching international money transfer services on April 20, extending what XRP-focused observers describe as Ripple’s bank-linked remittance footprint in Japan. The partnership marks the 26th collaboration between SBI Remit and a financial institution, with Ripple’s distributed ledger technology again referenced as part of the service stack. The Ripple angle was pushed into focus by XRP community commentator Eri, who wrote on X: “XRP Scoop: Tottori Bank & SBI Remit start international money transfer services, April 20. This marks the 26th Bank|FI…
OpenAssets partners with Chainlink to power tokenized assets, offering secure infrastructure as institutions prepare for trillions moving onchain soon. OpenAssets Inc. has announced a strategic partnership with Chainlink to support tokenized assets. This partnership is centered on institutional finance and contemporary digital systems. In addition, it also points to an increasing trend towards blockchain-based financial solutions. Consequently, the two companies strive to make tokenization easier for global institutions. OpenAssets and Chainlink join forces to expand tokenization infrastructure OpenAssets provides a platform with a modular design that assists institutions in creating custom tokenization systems. Moreover, it eliminates the necessity to develop…
Crypto exchange Coinbase (COIN) is working with Bybit, one of the largest crypto trading platforms, to explore ways to tokenize, custody and distribute assets such as U.S. public and pre-IPO stocks, a person familiar with the plans told CoinDesk.The talks, which are in progress, do not involve any sort of stake acquisition or similar deal for Bybit to enter the U.S., said the person, who asked to remain anonymous because they are directly involved in the discussions, dismissing a report of an investment publicized last month. Bybit is, indeed, planning to enter the U.S., just not with Coinbase, said the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Two digital workers named after real people are now showing up in Coinbase employees’ inboxes and chat channels — and the company’s CEO thinks they’re just the beginning. Agents With Personality Coinbase has rolled out a pair of AI agents built to assist staff with everyday work tasks, accessible directly through Slack and email. One is called Fred, named after company co-founder Fred Ehrsam. Fred operates as a “strategic executive agent,” helping workers think through priorities and get feedback on decisions. The other is Balaji — a…
BTC stalled near $79K at the Bear Market Resistance Band, while key support held near $72.6K on the daily chart. Bitcoin’s latest move higher has stalled again near the Bear Market Resistance Band around the $79,000 level. That makes it the second straight range where this zone has stopped the rally. At the same time, Bitcoin is still holding above support near $72,592. The setup now leaves traders watching for either a stronger rebound or another move lower. BTC Rally Stalls Again Near The 79K Resistance Band Bitcoin climbed into the Bear Market Resistance Band and then lost momentum again.…
Work on global standards for stablecoins has slowed over the past year, raising concern among central bankers that gaps in oversight could split markets and amplify risk.Bank of England Governor Andrew Bailey, who chairs the Financial Stability Board, said progress on international rules has stalled, Reuters reported last week. That’s a concern, Bank for International Settlements (BIS) General Manager Pablo Hernández de Cos said Monday in Japan.Global coordination is critical to avoid a patchwork of rules that firms could exploit, de Cos said, according to Reuters. Without international alignment, companies may shift operations to jurisdictions with lighter oversight, a practice…