OpenEden has introduced HYBOND, the first tokenized product tied to BNY Investments’ Global Short-Dated High-Yield Bond strategy, expanding the scope of institutional-grade investments available onchain. The new token gives qualified investors 1:1 exposure to a managed portfolio of short-dated corporate bonds overseen by BNY Investments, a unit of BNY. The product introduces higher-yield fixed income…
Cango (CANG) is at risk of losing its NYSE listing after its shares traded below $1 on average for 30 consecutive days, triggering a compliance notice from the exchange and giving the bitcoin BTC$66,506.39 miner a six-month window to recover, the company said in a press release Wednesday. The New York Stock Exchange flagged the…
JPMorgan (JPM) CEO Jamie Dimon said the bank is considering entering the prediction markets space, signaling growing interest from major financial institutions in a sector that has expanded rapidly in recent months, including among crypto-native companies. “It’s possible one day we’ll do something like that,” Dimon said on CBS on Tuesday, though he ruled out…
Bitcoin fell 2.2% to $66,609 on Wednesday, giving back Tuesday’s gains after Trump’s primetime address to the nation promised to hit Iran “extremely hard” over the next two to three weeks rather than offering the de-escalation markets had priced in. Every major token in the top 10 dropped. Ether slid 2.2% to $2,056, BNB fell…
Ripple on Thursday introduced native digital asset capabilities inside its enterprise treasury management system, letting corporate finance teams hold, view and manage XRP and RLUSD alongside traditional fiat balances for the first time within a single platform. The two features, called Digital Asset Accounts and Unified Treasury, are built on GTreasury, which Ripple acquired in…
The past four weeks have been brutal for bitcoin BTC$66,558.37 traders as prices keep chasing comments by President Donald Trump, who can’t make up his mind about Iran. One day, he talks peace and BTC and risk assets go up while oil drops, the next day he talks hawkish again, sending BTC down and oil…
Crypto’s biggest liquidation event this week wasn’t about crypto. Tokenized Brent oil futures on Hyperliquid accounted for $46.6 million of the $403 million in total liquidations over the past 24 hours, according to CoinGlass data, making oil the third-largest liquidated asset behind ether at $104.5 million and bitcoin at $98.3 million. Solana came in fourth…
Network News GOOGLE SAYS BREAKING BITCOIN IS EASIER THAN PREVIOUSLY THOUGHT: Breaking the Bitcoin blockchain with quantum computers may not be as difficult as once thought, and Bitcoin’s Taproot technology, which enables more efficient, private transactions, may be partly to blame, Google’s Quantum AI team said in a blog post and newly published whitepaper. The…
Welcome to our institutional newsletter, Crypto Long & Short. This week: Nilmini Rubin on the challenge facing crypto and traditional markets to create a hybrid, shared governance structure. Meredith Fitzpatrick covers how financial institutions must fundamentally rethink AML risk as crypto and TradFi converge. Top headlines institutions should pay attention to by Francisco Rodrigues. Maple…
Galaxy Digital (GLXY), the digital asset financial services firm founded by Mike Novogratz, said it recently contained a cybersecurity incident involving unauthorized access to an isolated development workspace, according to a statement from a company spokesperson. “An immaterial amount of company funds used for testing within the isolated development workspace was impacted,” the spokesperson said in…