Coindesk

Last week was Consensus Toronto 2025. If you couldn’t attend, CoinDesk has you covered! Listen to amazing global thought leaders, sharing their insights on pertinent topics surrounding the digital asset space on day 1, day 2 and day 3. You can also read the extensive editorial coverage.In today’s Crypto for Advisors, Shivani Phull from Pixelynx explains how Black Mirror is leveraging blockchain as part of evolving fan content and engagement.Then, Eric Tomaszewski from Verde Capital Management answers questions about the appeal of these products to next-gen investors in Ask an Expert.Thank you to our sponsor of this week's newsletter, Grayscale. For financial advisors near Boston, Grayscale is hosting an exclusive event, Crypto Connect, on Thursday, June 5. Learn more.– Sarah...

It's early days for the global dollar (USDG), a stablecoin that debuted in November, but a thousand firms could join the group that helps popularize the token in return for a share of the yield earned on reserve assets, according to crypto exchange Kraken, one of the founding partners. USDG, whose other backers include trading platform Robinhood (HOOD), stablecoin issuer Paxos, crypto investor Galaxy Digital and crypto bank Anchorage Digital, recently welcomed 19 new joiners, many of them crypto native firms. Banks and large traditional finance firms are also lining up, Kraken's consumer business lead Mark Greenberg said.“There are 25-plus partners now, and I hope in another month, we'll be announcing the next 25, and then the next 25. So...

Texas is drawing closer to establishing a strategic bitcoin (BTC) reserve after a senate bill to create one was approved by the lower house.The state's House of Representatives voted in favor of Senate Bill 121 which would establish a "Texas Strategic Bitcoin Reserve for the purpose of investing in cryptocurrency and the investment authority of the comptroller of public accounts over the reserve and certain other state funds."The bill, which passed in a 101-42 vote, now awaits a concurrence vote from the Senate following House amendments before passing to Governor Greg Abbott's desk for a final sign-off.Texas would become the second state to establish a strategic reserve for digital assets after New Hampshire. An equivalent vote in Arizona got all...

Strategy (MSTR) will issue and sell shares of its 10.00% Series A Perpetual Strife Preferred Stock for up to $2.1 billion.Strategy plans to sell the shares over a period of time, based on market conditions. Net proceeds will be used for general corporate purposes, which may include the acquisition of bitcoin (BTC) and working capital.Source link

By Francisco Rodrigues (All times ET unless indicated otherwise)Bitcoin BTC surpassed Wednesday's record to reach an all-time high of $111,875 in the early hours of Thursday, according to the CoinDesk Bitcoin Price Index, as traditional financial markets contended with rising bond yields and renewed concerns over ballooning U.S. debt.The largest cryptocurrency has gained around 3.8% in the last 24 hours while the broader CoinDesk 20 CD20 index rose 4.74%, continuing a trend of strength driven by mounting institutional demand and growing interest in crypto exposure.The rally is unfolding against a backdrop of higher yields on U.S. and Japanese government bonds. The 10-year U.S. Treasury yield rose to 4.6%, while the 30-year topped 5%, driven by concerns over President Donald Trump’s...