Coindesk

Circle Enters Tokenization Race by Acquiring Hashnote, $1.3B Real-World Asset Issuer

Circle, the crypto company behind the $48 billion USDC stablecoin, said Tuesday it has acquired tokenized real-world asset (RWA) issuer Hashnote.The companies closed the deal this morning, a Circle spokesperson told CoinDesk and was announced in Davos, Switzerland during the annual World Economic Forum meeting. The companies didn't reveal pricing details.Circle aims to integrate USYC with USDC, Circle’s flagship stablecoin, enabling convertibility between cash and yield-bearing collateral on blockchains, the press release said. Hashnote issues the $1.3 billion USYC token, which saw massive growth last year to become the largest tokenized U.S. Treasury product on the market, according to rwa.xyz data.Circle’s CEO, Jeremy Allaire, said this marks a significant step toward aligning traditional financial structures with the speed and transparency...

CoinDesk Indices Rolls Out New Index That Diversifies Exposure Beyond the Top 20 Digital Assets

CoinDesk Indices, a subsidiary of CoinDesk, has introduced the CoinDesk 80 Index to address the increasing institutional demand for liquidity across diverse digital assets.The new offering is designed to track the performance of the next 80 digital assets beyond the CoinDesk20 Index, according to a press release. The Bullish exchange, which has surpassed $1 trillion in cumulative trading volume since its inception in November 2021, has listed a perpetual futures contract tied to the new index under the ticker CD80/USDC-PERP. Bullish is the parent company of CoinDesk.The index currently counts crypto market makers GSR and STS Digital among its clients. "We’re excited about the broader opportunity this brings to expand liquidity, empower informed trading strategies, and further the maturation of...

CoinDesk 20 Performance Update: ADA Drops 3.2%, Leading Index Lower From Monday

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 3890.01, down 0.4% (-15.92) since 4 p.m. ET on Monday.Ten of 20 assets are trading higher.Leaders: DOT (+1.9%) and POL (+1.5%).Laggards: ADA (-3.2%) and HBAR (-2.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

KULR Buys Another $8M of Bitcoin, Taking Total Holdings to 510 BTC

KULR (KULR), a maker of advanced energy-management systems, said it spent $8 million on bitcoin (BTC) to take its total holdings to 510 tokens.At a weighted average price of $101,695, that equates to almost 79 bitcoin and means the company's total investment is now $50 million.The purchase follows the Houston, Texas-based company's Dec. 4 announcement that it will invest some of its surplus cash in the largest cryptocurrency as the adoption of bitcoin treasury for public companies gathers steam.The company has achieved a bitcoin yield of 127% so far this year, it said in a statement shared with CoinDesk. The yield is the percentage change in the ratio of its bitcoin holdings to its full-diluted shares outstanding over a given...

U.S. DOGE Sports Dogecoin Logo After Announcement at Trump Inauguration

Dogecoin (DOGE) and parody DOGE tokens showed mixed movements alongside a broader market decline even as Donald Trump officially unveiled a Department of Government Efficiency at his Monday inauguration — bucking a historic tendency of the tokens to move higher on such mentions.“To restore competence and effectiveness to our federal government, my administration will establish the brand-new Department of Government Efficiency,” Trump declared during his speech after the swearing-in.An executive order of the department's establishment was issued shortly thereafter.The department holds no official power to enforce its recommendations and is headed by technocrat Elon Musk. The website started to display a dogecoin token logo on Tuesday, despite having no direct relation to the world’s largest memecoin.DOGE was down as much...