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Latest headlines from Coindesk.

The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders Say

The crypto industry is throwing its weight around in Washington in hopes of influencing the upcoming U.S. elections, spending an unprecedented amount of money to get crypto-friendly candidates elected...

https://www.coindesk.com/policy/2024/05/14/the-crypto-industrys-influence-on-us-elections-is-bigger-than-ever-industry-insiders-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper

Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion's share of protocol revenues back to liquidity providers.

https://www.coindesk.com/tech/2024/05/14/defi-lender-liquity-unveils-new-stablecoin-with-user-set-borrowing-rates-in-white-paper/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

'Liquid Vesting' Is Oxymoronic Blockchain Feature That Lets Early Investors Sell Without Waiting

A new feature from Colony Lab, a developer and project incubator in the Avalanche blockchain ecosystem, called "liquid vesting," lets users sell their tokens before their vesting period is over.

https://www.coindesk.com/tech/2024/05/14/liquid-vesting-is-oxymoronic-blockchain-feature-that-lets-early-investors-sell-without-waiting/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF

The U.S. state of Wisconsin purchased 94,562 shares of the BlackRock’s iShares Bitcoin Trust (IBIT) in the first quarter of the year, a filing shows. The shares are worth nearly $100 million.

https://www.coindesk.com/business/2024/05/14/state-of-wisconsin-buys-nearly-100m-worth-of-blackrock-spot-bitcoin-etf/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Peter Thiel's Founders Fund, Vitalik Buterin Back $45M Investment in Polymarket

The series B funding round comes during a breakout year for the crypto-based prediction market platform, and brings its total funding close to $75 million.

https://www.coindesk.com/business/2024/05/14/peter-thiels-founders-fund-vitalik-buterin-back-45m-investment-in-polymarket/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual

The aims to broaden access to the $1 trillion reinsurance industry, making it more efficient and transparent with blockchain technology.

https://www.coindesk.com/business/2024/05/14/rwa-platform-re-debuts-tokenized-reinsurance-fund-on-avalanche-with-15m-commitment-from-nexus-mutual/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

'CryptoDad' Giancarlo Joins Paxos Board

Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission who has been a public advocate for the cryptocurrency sector, to its board of directors, th...

https://www.coindesk.com/policy/2024/05/14/cryptodad-giancarlo-joins-paxos-board/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Bitcoin Dips Below $62K Ahead of U.S. Inflation Figures

The latest price moves in bitcoin (BTC) and crypto markets in context for May 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/05/14/first-mover-americas-bitcoin-dips-below-62k-ahead-of-us-inflation-figures/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison by Dutch Court

Alexey Pertsev was found guilty of money laundering $1.2 billion worth of crypto.

https://www.coindesk.com/policy/2024/05/14/tornado-cash-developer-alexey-pertsev-found-guilty-of-money-laundering/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

GameStop Rally Sends Meme Coins Skywards; PEPE, FLOKI, MOG Surge

“Roaring Kitty is living proof that retail can mog (outperform) institutions at the highest level,” one meme coin developer said.

https://www.coindesk.com/markets/2024/05/14/gamestop-rally-sends-meme-coins-skywards-pepe-floki-mog-surge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction

User activity has plunged after a hyped run-up to the start of the Runes protocol , which was expected by some to mirror Solana’s meme coin ecosystem.

https://www.coindesk.com/tech/2024/05/14/bitcoin-runes-protocol-sees-traction-waning-after-much-hyped-introduction/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction

User activity has plunged after a hyped run-up to the start of the Runes protocol , which was expected by some to mirror Solana’s meme coin ecosystem.

https://www.coindesk.com/news-analysis/2024/05/14/bitcoin-runes-protocol-sees-traction-waning-after-much-hyped-introduction/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Industry Stakeholders Believe a UK Election Won't Derail Crypto Plans

The U.K.'s expected election this year shouldn't affect the country's efforts to regulate cryptocurrency much, industry observers say.

https://www.coindesk.com/policy/2024/05/14/industry-stakeholders-believe-a-uk-election-wont-derail-crypto-plans/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market

Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.

https://www.coindesk.com/policy/2024/05/14/philippines-central-bank-gives-approval-to-coinsph-to-pilot-stablecoin-in-key-remittance-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Reports System-Wide Outage

The crypto exchange's website is currently unavailable and responds with a 503 error.

https://www.coindesk.com/business/2024/05/14/coinbase-reports-system-wide-outage/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Paradigm Unveils 'Block Trading' Facility for MATIC, SOL, XRP Options

Crypto OTC liquidity network Paradigm on Monday announced a block trading facility for linear options tied to MATIC, SOL and XRP. Trades facilitated by Paradigm will be submitted to Deribit for execut...

https://www.coindesk.com/markets/2024/05/14/paradigm-unveils-block-trading-facility-for-matic-sol-xrp-options/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, t...

https://www.coindesk.com/policy/2024/05/14/indian-crypto-exchange-coindcxs-defi-arm-okto-to-launch-blockchain-and-okto-token/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base

President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.

https://www.coindesk.com/policy/2024/05/13/us-blocks-china-tied-crypto-miners-as-national-security-risk-near-nuke-base/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Why, for Some, Crypto Is the Defining Political Issue of Our Times

It’d be foolish for people to vote against their own interests.

https://www.coindesk.com/opinion/2024/05/13/why-for-some-crypto-is-the-defining-political-issue-of-our-times/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors

Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.

https://www.coindesk.com/markets/2024/05/13/hong-kong-bitcoin-and-ether-etfs-see-39m-outflows-on-monday-farside-investors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines