Coindesk

Smart Valor, a crypto exchange and AI-led investment company, is exploring a possible sale of all or part of its business.The Zug, Switzerland-based company is conducting a strategic review after receiving a number of inquiries from large global exchanges, crypto platforms and traditional finance (TradFi) institutions including banks and trading platforms, CEO and co-founder Olga Feldmeier told CoinDesk in an interview.The European Union's Markets in Crypto Asset (MiCA) rules came into force on Dec. 30, and Smart Valor could be a target for companies that don't have regulatory approval in Europe. While neither Switzerland nor Lichtenstein, where Smart Valor's retail crypto exchange is regulated, are members of the bloc, they belong to the European Economic Area (EEA) and can adopt...

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, 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 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 (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...