S&P


Finance

Coinbase Junk Bonds Further Downgraded by S&P on Weak Profitability, Regulatory Risks

The agency lowered Coinbase’s credit rating from BB to BB-, a further step away from investment grade.

(Robert Nickelsberg/Getty Images)

Markets

Citi: Correlation Between Equity Markets, Bitcoin Weakens Following FTX Collapse

Decentralized exchanges have gained market share as confidence in their centralized equivalents have declined, the report said.

Knock-on effects from the collapse of FTX are fairly well siloed within crypto. (Shutterstock)

Markets

Valkyrie Funds, Ark Invest Say Crypto Has Hit ‘Bottom’ Amid Recession Woes

Frank Downing, director of research at Ark Invest and Steven McClurg, co-founder of asset management firm Valkyrie, joined “First Mover” to discuss the state of crypto, the economy and their respective crypto-focused separate managed accounts.

Frank Downing, director of research at Ark Invest (left) and Steven McClurg, co-founder of asset management firm Valkyrie (ARK Invest/Valkyrie).

Policy

Stablecoins Could Still Dominate Post-Terra, S&P Says

Not all stablecoins are alike, analysts note, but regulations may be needed to precipitate audits and investor fairness.

CoinDesk placeholder image

Finance

S&P Global Ratings Forms DeFi Group to Build Out Crypto Framework

The credit rating giant named Chuck Mounts as chief DeFi officer to lead the unit.

Wintermute, a prominent crypto market maker, plans to roll out a decentralized exchange. (Getty Images/iStockphoto).

Pageof 2