Coindesk

Top House Democrats sent a letter to the U.S. Treasury Department Wednesday, asking its money laundering watchdog to hand over all suspicious activity reports (SARs) tied to President Donald Trump’s crypto ventures.In a letter sent to Treasury Secretary Scott Bessent, Reps. Gerald Connolly (D-Va.), Joe Morelle (D-N.Y.) and Jamie Raskin (D-Md.) — the ranking members of the House Oversight, Administrative, and Judiciary committees — called for an urgent investigation into Trump’s blockchain project World Liberty Financial and the $TRUMP memecoin, citing possible violations of campaign finance laws, bribery statutes and securities regulations.“The Committees seek to determine whether legislation is necessary to prevent violations of campaign finance, consumer protection, bribery, securities fraud, and other anti-corruption laws in connection with fundraising by...

"Three trillion is like a mag 7 stock, 20 trillion is an asset class,” said Anthony Scaramucci, founder and CEO of SkyBridge Capital. “So if you tell me that bitcoin can get to $500,000, people will be writing stories that bitcoin is an asset class.”That provocative benchmark from Scaramucci set the tone for a spirited conversation at CoinDesk’s Consensus 2025 conference, where he joined Jonathan Steinberg, CEO of WisdomTree; Pasqual St-Jean, President and CEO of 3iQ; and Andy Baehr of CoinDesk Indices to discuss whether crypto, particularly bitcoin BTC, has finally become a bona fide asset class.While panelists largely agreed that crypto is getting there, they emphasized that the path to institutional validation requires more than just price appreciation.Bitcoin Leads...

Global economic uncertainties are creating ripple effects across cryptocurrency markets, with Cardano (ADA) demonstrating notable volatility amid shifting investor sentiment. After rallying 22% weekly, ADA has established a trading range between $0.795 and $0.841, reflecting both profit-taking and strategic accumulation by larger investors. Recent developments have strengthened Cardano's market position, particularly its addition to Grayscale's Digital Large Cap Fund and integration with Brave browser's wallet system. These partnerships have significantly expanded ADA's potential user base, with the Brave integration alone connecting Cardano to over 86 million users worldwide. Market data shows institutional involvement has intensified, with on-chain analytics revealing holders controlling between 100 million and 1 billion ADA accumulating over 40 million tokens in just two days. This whale activity...

JPMorgan (JPM) took its first step onto a public blockchain network through its Kinexys Digital Payments platform, settling a tokenized U.S. Treasury transaction on Ondo Chain’s testnet.The pilot, detailed in a press release shared with CoinDesk, marks the debut of a Delivery versus Payment (DvP) transaction on the testnet, a new layer-1 blockchain designed to support institutional-grade real-world assets.Kinexys, which the release says processes an average of over $2 billion in daily transaction volume, handled the payment leg, while Ondo Finance’s tokenized short-term Treasury fund (OUSG) formed the asset leg. Chainlink Runtime Environment — a system for coordinating cross-chain workflows —secured the settlement across the two networks.This is the first time Kinexys, the Wall Street bank's permissioned network, has...

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 3335.09, down 1.0% (-34.87) since 4 p.m. ET on Tuesday. One of 20 assets is trading higher.Leaders: XRP (+0.9%) and AVAX (-0.1%).Laggards: UNI (-6.8%) and APT (-4.6%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link