Coindesk

American Bitcoin, the bitcoin (BTC) miner 20% owned by two of President Donald Trump's sons, plans to list on the Nasdaq in September, said Asher Genoot, the CEO of Hut 8, which owns the other 80%.The firm is finalizing a merger with Gryphon Digital Mining that will clear the way for its public debut, Reuters reported. Once completed, the existing shareholders are expected to retain ownership of about 98% of the combined company.American Bitcoin launched in March with a strategy to build up bitcoin reserves both by mining the asset and buying it outright for its balance sheet. The involvement of Donald Trump Jr. and Eric Trump ties the company to one of the most prominent political families in the...

In today's Crypto for Advisors newsletter, Samantha Bohbot, partner and chief growth officer from RockawayX breaks down decentralized finance and the differences Bitcoin, Ethereum, and Solana bring to this space.Then, Kevin Tam answers questions about institutional investment in crypto ETFs and notes some global trends in "Ask an Expert."– Sarah Morton Unknown block type "divider", specify a component for it in the `components.types` optionWebinar alert: On September 9 at 11:00am ET join Michelle Noyes from AIMA and Andy Baehr from CoinDesk Indices as they discuss building a sustainable business in the cyclical markets of crypto. Register today. https://aima-org.zoom.us/webinar/register/4917558078322/WN_3jAGIrqMTK2z7e74q5bkWg#/registrationEvent alert: CoinDesk: Policy & Regulation in Washington D.C. on September 10th. The agenda includes senior officials from the SEC, Treasury, House, Senate,...

The native token of the Chainlink network, LINK, surged more than 5% after the network announced a partnership with the U.S. Department of Commerce to bring official government economic data onchain, marking a first-of-its-kind effort to bridge public data infrastructure with blockchain applications.Key macroeconomic statistics from the Bureau of Economic Analysis — such as Real Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers — are now accessible onchain through Chainlink Data Feeds, the company announced in a blog post on Thursday. Six data points in total are being published, including both absolute levels and annualized percentage changes.The data is being made available across ten blockchain networks, including Ethereum (ETH),...

UNDER EMBARGO UNTIL AUG 28 9AM ETA group of former Jump Trading, Coinbase (COIN) and Citadel Securities engineers said it raised $20 million in new funding for trading infrastructure startup aPriori, bringing the total capital raised to $30 million.The round included participation from HashKey Capital, Pantera Capital, Primitive Ventures, IMC Trading, GEM, Gate Labs, Ambush Capital and Big Brain Collective, according to a release.San Francisco-based aPriori is building what it calls an execution layer for on-chain markets, designed for high-performance Ethereum Virtual Machine (EVM) networks.The firm uses high-frequency trading practices in an attempt to reduce issues that plague crypto markets like wide spreads and maximal extractable value (MEV) leakage.Founder Ray Song said the company’s system segments order flow in real...

As bitcoin's (BTC) price recovery looks to gather pace, on-chain data points to potential seller resurgence near $113,600. The wider altcoin market, however, is doing well, as evidenced by the 4% gain in the CoinDesk 80 Index in the past 24 hours. The CoinDesk 20 Index has gained nearly 1%. "Bitcoin is drawing its third rising daily candle, trading above $113K on Thursday morning," Alex Kuptsikevich, the chief market analyst at the FxPro, said in an email. "The growth of altcoins, coupled with the rise in stock indices, has created an environment of increased risk appetite, while BTC's decline to $110K has restored its attractiveness to buyers." Derivatives PositioningBTC's rise in price from Tuesday is characterized by a drop in...