Stablecoins


Videos

Bitcoin’s Correlation to Meme Stocks Reaches Highest Level Since 2020

CoinDesk Markets Analyst Damanick Dantes discusses bitcoin’s strong correlation with meme stocks at its highest level since 2020, and what it reveals about the crypto markets. Plus, his bitcoin price outlook as the Luna Foundation Guard purchased over $270 million in BTC this week for its UST stablecoin reserves.

CoinDesk placeholder image

Policy

EU's MiCA Bill to Enter Next Phase of Negotiations on Thursday

The landmark Markets in Crypto Assets legislative framework will now be discussed between the European Parliament, Council and Commission.

European Union flag (Håkan Dahlström/Getty)

Markets

Tracking Luna Foundation Guard’s Bitcoin Purchases

Thanks to the transparency of Bitcoin, we can watch along as LFG moves UST towards a bitcoin-backed existence.

(Agence Olloweb/Unsplash)

Markets

Just as Hal Finney Predicted, Bitcoin Is Being Purchased to Act as a Reserve Currency

With a plan to buy up $10 billion of BTC, Do Kwon’s UST stablecoin project may be fulfilling a prophecy by the late recipient of the first bitcoin transaction.

(Drew Beamer/Unsplash)

Videos

How Luna’s Plan to Buy $3B Worth of BTC Is Affecting the Market

As rumors circulate of the Luna Foundation Guard’s plan for a new BTC-backed UST stablecoin, Christine Lee presents on-chain data showing that $125 million worth of tether was moved out of a Gnosis safe address, along with another similar transaction to a Binance account. Lee discusses how Terraform Labs Co-founder Do Kwon’s plan to eventually purchase $10 billion in BTC could impact the crypto markets.

Recent Videos

Policy

Securities Regulators Cast Doubt on DeFi's Decentralization Claims

International standard-setter IOSCO said its members will take coordinated action to control what it called significant risks of the emerging DeFi market.

Ashley Alder, the Hong Kong regulator who chairs IOSCO’s board. (Bloomberg/Getty)

Layer 2

‘Correctly’ Was Wrong: Circle’s Accountant Tweaks Fine Print of USDC Attestation

Grant Thornton has switched from calling the $52.3 billion stablecoin’s reserve accounts “correctly stated” to the more equivocal “fairly stated.” Here’s why that matters.

Fra Luca Pacioli  (1445-1517) was one of the earliest accountants. (Leemage/Corbis via Getty Images)

Finance

Acala, VCs Commit $250M for Polkadot DeFi Investments

The fund will back companies with use cases for Acala’s aUSD stablecoin.

(Adam Berry/Getty Images)

Tech

Stablecoin Cashio Suffers 'Infinite Glitch' Exploit, TVL Drops by $28M

Cashio's CASH token has lost almost all its value, as of the time of writing.

Hacker (Getty/Seksan Mongkhonkhamsao)

Videos

Kevin O’Leary on His White House Meeting with Lawmakers, Lummis’ Pro-Crypto Bill

“Shark Tank” co-host and O’Shares ETFs Chairman Kevin O’Leary joins “First Mover” to share his insights on the current state of global crypto regulation. O’Leary examines a bill in the European Union addressing proof-of-work mining, along with the Responsible Financial Innovation Act proposed by U.S. Senator Cynthia Lummis (R-Wyo.).

CoinDesk placeholder image