Coindesk

Meme-turned-utility project Floki is working with an unidentified asset manager to develop an exchange-traded product (ETP) tracking its FLOKI token that could be available to investors in Europe early in the new year, one of the developers told CoinDesk.If approved, FLOKI would be the only meme token other than dogecoin (DOGE) with an institutional product in Europe.“We've been actively working with a respected Asset Manager and an ETP Issuer to launch a Floki ETP (Exchange-Traded Product) for quite a while now, and after months of due diligence and painstaking effort, we've been told that the Floki ETP is on track to go live in early Q1, 2025,” lead developer B told CoinDesk in a Telegram message on Wednesday. The developers...

This is the third in a series of stories examining the crypto industry's high-stakes 2024 foray into politics and campaigning. The first explored the electoral track record of Fairshake PAC's strategy and the second its intense use of a 2010 Supreme Court stance.The leaders of the companies responsible for the river of money that flooded U.S. political shores this year have already benefited tremendously from the outcome of last month's election — increasing their personal fortunes by billions of dollars, far outpacing the large spending they devoted to crypto-friendly candidates.Coinbase Inc. (COIN) CEO Brian Armstrong and his company devoted some $74 million to the industry's dominant political action committee, Fairshake, putting Armstrong in a close lead over a few other...

One of the most significant emerging trends of 2024 has been the interplay between artificial intelligence (AI) and the crypto ecosystem. Historically this has primarily been on the infrastructure side, affecting various layers of the stack such as decentralized compute, storage and model training and inference. However, the last few months the crypto x AI crossover has taken stage front and center as agents have surfaced and are multiplying by the thousands. While the AI agent narrative has taken up a lot of mindshare of late, we've barely scratched the surface of what we're going to see in 2025.What are AI agents?AI agents are autonomous programs designed to perform specific tasks. This could be as simple as sharing memes on...

Trrue, a layer-1 blockchain focused on environmental, social and governance (ESG) compliance and real-world asset tokenization received a $10 million investment commitment from GEM Digital, the company said in a press release on Tuesday.The money will be used to accelerate the development of Ireland-based Trrue's platform, the company said.GEM Digital is a Bahamas-based $3.4 billion alternative investment group that specializes in the digital asset sector. It will receive TRRUE tokens in return for the investment. The company invests in utility tokens listed on centralized (CEXs) and decentralized exchanges (DEXs).The token is being offered at $0.10 on a number of launchpads, the company said on X, with a total of 300 million tokens being sold. Listing is planned for Dec. 27.Trrue...

The $308 million hack of Japanese crypto exchange DMM in May was the work of North Korean hackers, the U.S. and Japanese law enforcement agencies said Monday.The theft of 4,502.9 bitcoin (BTC), which is forcing the exchange to close, was "affiliated" with a group known as TraderTraitor, the FBI said in a statement with the Department of Defense Cyber Crime Center and National Police Agency of Japan.Hackers linked to North Korea dominated crypto crime this year, Chainalysis said in its annual report on the subject. The country, whose official name is the Democratic People's Republic of Korea (DPRK), is tied to more than half of the crypto value stolen in 2024. Its operatives are responsible for the theft of $1.34...