Crypto has increasingly become politicized in the U.S., with many Republicans pro-crypto and Democrats opposed or skeptical at best. Kennedy is a member of a famously Democratic family (that has endorsed Biden). His uncle, John F. Kennedy, served as U.S. president in the 1960s, and his father served as U.S. Attorney General during that administration before running for president. Source
The protocol’s USDe token, often referred to as “synthetic dollar” instead of a stablecoin, is a structured finance product wrapped in a token. It offers steady yields to investors by using ETH liquid staking derivatives such as Lido’s stETH as backing assets, pairing them with an equal value of short ETH perpetual futures position on derivatives exchanges to keep anchored at $1 price. This strategy is also known as a “cash and carry” trade, which harvests derivatives funding rates for a yield. Source
CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization. Source
One notable difference in Sui’s points program is its reliance on blockchain tech, Rooter said. In an interview with CoinDesk, Rooter said the points earned by users for, say, depositing USDC will be recorded on the blockchain, where other smart contracts can digest the data. Source
“In addition to the passive boost to BTC from de-dollarization, we would expect a second Trump administration to be actively supportive of BTC (and digital assets more broadly) via looser regulation and the approval of U.S. spot ETFs,” the report added. Standard Chartered reiterated its bitcoin end of year target of $150,000 and $200,000 for year-end 2025. Source
About 14% of people in the online survey of registered voters own crypto right now, they said, and many more have a high awareness of the emerging financial technology. But fewer than one in three voters surveyed – 31% – said they have positive views on digital assets, according to the snapshot of responses from people in Michigan, Ohio, Montana, Pennsylvania and Arizona. Source
QCP said in April it was setting up shop in Abu Dhabi in collaboration with Further Ventures Source
As it gears up for its token launch, Galaxis, a Singapore-based Web3 platform, has raised $10 million from funders including Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures and ENS co-founder Nick Johnson, it announced Tuesday. Source
“We are in an AI super cycle right now,” one market observer said. Source
The syndicate had been operating for six months before being apprehended last week. Source