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Finance

Circle Said to Be Trading Around $5B Valuation Ahead of Planned IPO: Sources

The issuer of stablecoin USDC was valued at as much as $9 billion when it first tried to go public in a failed SPAC deal in 2022.

Circle Chief Strategy Officer Dante Disparte (left) and CEO Jeremy Allaire (Nikhilesh De/CoinDesk)

Finance

$GREED 2.0: A New Lesson in Crypto Avarice That Might Also Enrich the People It Dupes

The first iteration of the $GREED project tricked people into tweeting an embarrassing message. This time, their money is frozen – but earning money.

GREED logo (Voshy/Medium)

Tech

Morpheus, Decentralized AI Project From Lumerin, Goes Live on Arbitrum Test Network

The premise of the technology is to avoid pitfalls of centralized AI models, which might be prone to censorship or monopoly control, according to the developer.

Artistic modification of illustration pulled from Morpheus white paper (Lumerin/Morpheus)

Markets

AgriDex Settles First Agricultural Trade on Solana Blockchain

AgriDex "settled the transactions almost instantly, charging only 0.15% to each side of the trade" while in traditional systems "fees can be several percentage points per trade."

Agriculture (Pete Linforth/Pixabay)

Markets

Cross-Chain Service DeBridge to Issue Governance Token, Completes Activity Snapshot

The cross-chain service is popularly used to transfer funds between the Ethereum, Base and Solana blockchains, among others.

(Markus Spiske/Unsplash, modified by CoinDesk)

Tech

Galaxy Buys Almost All of CryptoManufaktur's Assets, Expanding Ethereum Staking Portfolio

The acquisition by publicly traded Galaxy Digital, led by Michael Novogratz, will expand the firm's role in Ethereum staking, as part of a broader effort to push deeper into the business of blockchain infrastructure.

Mike Novogratz, Galaxy founder and CEO, discusses the practical changes that would follow Democratic support of crypto. (CoinDesk/Shutterstock/Suzanne Cordiero)

Finance

Crypto Custody Firm Copper Receives Key License in Hong Kong as it Expands in Asia Pacific

The license permits the holder to provide trust and corporate services in the region.

Crypto custody firm Copper receives TCSP license in Hong Kong as part of Asia Pacific expansion. (Danny Nelson/CoinDesk)

Markets

SEC Tells ETH ETF Issuers Fund Can Start Trading Next Tuesday: Sources

Issuers have been asked to submit their final S-1 documents by Wednesday.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Finance

A Crypto Trading Clampdown Expands Beyond Binance to Another Large Exchange

The second-largest crypto exchange, OKX, asked key trading firms for more information about their clients, in what appears to be an effort to root out misuse of a VIP fee program.

Crypto exchanges are clamping down on fees. (Matt Artz/Unsplash)