Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move onchain. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, according to… Read More
While bitcoin BTC$63,271.85-holder listed firm Strategy’s chairman Michael Saylor blamed the AI boom for last week’s bitcoin selloff, crypto investment firm Arca is pointing the finger squarely at Saylor himself. “The selling pressure last week was clearly due to the Saylor/MSTR news,” wrote Arca’s Chief… Read More
Memecoin issuance platform Pump.fun’s new bounty product has produced its first controversy. A user posting as Arivu on X said he completed a Pump.fun GO bounty last week that asked someone to tattoo the ticker “$boutywork” on their forehead and provide video proof. The task… Read More
Bitcoin (BTC) holder Strategy’s (MSTR) capital trap is getting tighter, according to Ilan Solot, senior global markets strategist, at Marex Solutions, a division of global financial services firm Marex. The company is sitting on a massive bitcoin hoard, accumulated through aggressive buying and stock dilution.… Read More
Gold has fallen below its 200-day moving average (200DMA), a widely followed long term technical indicator that tracks the average closing price over the previous 200 trading days. A break below the 200DMA is often interpreted as a sign that long term bullish momentum has… Read More
The House Ways and Means Committee circulated seven draft bills ahead of this week’s hearing on crypto tax policy, signaling what the industry can expect. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign… Read More
