Coindesk

Binance’s Potential Zcash Delisting Met With Dismay From Industry Heavyweights

Cryptocurrency exchange Binance has been criticized this week for including privacy token Zcash (ZEC) among those cryptos up for a vote to be delisted from the exchange.Zcash, which has a $500 million market cap, appeared on the ballot alongside FTX's FTT token and data security platform JASMY.Zcash founder Zooko Wilcox tagged Binance CEO Richard Teng in a tweet on Tuesday: "You’re considering delisting Zcash!? What kind of world are you creating? Do you want your children to grow up in peace and prosperity, or a Black Mirror episode?"Digital Currency Group founder Barry Silbert also shared several posts lamenting Binance's decision to include Zcash on the list.The sentiment was also echoed by Ledger CTO Charles Guillemet and Cosmos co-foudner Ethan Buchman,...

MSTR vs. MSTY: Growth or Income? A 12-Month Showdown

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).From April 2024 to April 2025, investors in Strategy (MSTR) and the YieldMax MSTR Option Income Strategy ETF (MSTY) followed two distinctly different investment paths — one seeking capital appreciation through bitcoin (BTC) exposure, the other pursuing monthly income via options-based strategies. Both are linked to the performance of MSTR, but their outcomes and structures diverged significantly.Strategy, listed on the Nasdaq, has evolved from an enterprise software company into a de facto bitcoin proxy. As of April 15, the company holds 531,644 BTC, making its stock highly sensitive to bitcoin’s price movements. Since adopting its bitcoin treasury strategy in August 2020, MSTR shares have surged over 2,500%. However, this...

CleanSpark Ditches Bitcoin ‘HODL’ Strategy to Stop Dilution Via Equity Raise

Bitcoin miner CleanSpark (CLSK) is moving away from its strategy of HODLing 100% of the BTC it mines.The Henderson, Nevada-based company said it is returning to selling a portion of the bitcoin mined to support its operations in an announcement on Tuesday."While we remain committed to bitcoin as a long-term, hardened asset, we believe a more effective way to increase shareholder value is through a balanced approach between monetizing new production and building long-term holdings," CEO Zach Bradford said.CleanSpark's holdings now exceed 12,000 BTC, worth just over $1 billion at current prices.The company has also increased its credit facility with Coinbase Prime (COIN) to $200 million, pursuing a strategy of funding its operations without having to sell equity. CleanSpark, which...

CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 1% as Index Trades Flat

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2503.6, up 0.1% (+3.51) since 4 p.m. ET on Monday.Eight of 20 assets are trading higher.Leaders: BCH (+1.0%) and BTC (+0.7%).Laggards: APT (-3.5%) and NEAR (-3.0%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

MIT-Incubated Optimum Raises $11M Seed Round to Build Web3’s Missing Memory Layer

Optimum, a decentralized, performance-enhancing memory layer for any blockchain, raised an $11 million seed round, inviting its creators from institutions like Harvard and MIT to jump from the world of academia into the commercial crypto arena.The seed round was led by 1kx with participation from Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, Reforge and others.Optimum is building what it calls the missing memory layer of blockchains, making the way data is stored, accessed and propagated, faster, cheaper and truly decentralized, according to a press release.At the core of Optimum’s innovation is a method of decentralized coding for distributed systems, known as Random Linear Network Coding (RLNC), developed by Muriel...