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Latest headlines from Coindesk.

Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'

The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies.

https://www.coindesk.com/markets/2024/05/16/bitcoin-has-best-day-in-2-months-as-markets-anticipate-a-summer-of-easing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani's Ouster

Neel Somani, the founder and CEO of Eclipse Labs, stepped down after sexual assault allegations recently surfaced.

https://www.coindesk.com/business/2024/05/16/eclipse-labs-promotes-vijay-chetty-to-ceo-nearly-a-week-after-neel-somanis-ouster/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme

Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme...

https://www.coindesk.com/policy/2024/05/15/canadas-crypto-king-and-associate-arrested-charged-with-fraud-in-alleged-30m-ponzi-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Izzy Englander's Millennium, Paul Singer’s Elliott Among Bitcoin ETF Holders

After Tuesday’s surprising disclosure of a $161 million allocation from the State of WIsconsin, more investment whales turned out to have been part of the unprecedented success of the ETFs.

https://www.coindesk.com/business/2024/05/15/izzy-englanders-millennium-paul-singers-elliott-among-bitcoin-etf-holders/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

What the DOJ’s First MEV Lawsuit Means for Ethereum

In a highly technical overview of an exploit that has since been patched, government prosecutors find that exploiting code is a crime. CoinDesk reached out to several experts in the Ethereum community...

https://www.coindesk.com/opinion/2024/05/15/what-the-dojs-first-mev-lawsuit-means-for-ethereum/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. House's McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill

The result of next week's expected vote on U.S. legislation to regulate the cryptocurrency industry will strongly influence the odds the U.S. Senate gets on board, said Rep. Patrick McHenry (R-N.C.), ...

https://www.coindesk.com/policy/2024/05/15/us-houses-mchenry-says-senate-may-be-swayed-if-many-democrats-back-crypto-bill/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally

Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.

https://www.coindesk.com/markets/2024/05/15/bitcoin-hits-66k-as-soft-inflation-data-sparks-crypto-rally/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Protocol: Lido Backers vs EigenLayer

In this week's issue, we've got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundrai...

https://www.coindesk.com/tech/2024/05/15/the-protocol-lido-backers-vs-eigenlayer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Incoming Vanguard CEO Won't Reverse Decision Not to Launch Bitcoin ETF

The former BlackRock executive is replacing outgoing CEO Tim Buckley, effective July 8.

https://www.coindesk.com/business/2024/05/15/incoming-vanguard-ceo-wont-reverse-decision-not-to-launch-bitcoin-etf/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DePIN’s Solution to AI’s Biggest Blind Spot

Decentralized machine perception, managed by tokens and cryptographically secure, could offer a privacy and effectiveness upgrade over centralized systems, says Nils Pihl, CEO and Founder of Auki Labs...

https://www.coindesk.com/opinion/2024/05/15/depins-solution-to-ais-biggest-blind-spot/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Rafael Cordón: Safeguarding Elections With Bitcoin

Software engineer Rafael Cordón’s Simple Proof system helped prevent fraud in Guatemala’s most recent presidential election. Can this technology be used to insure against election interference in othe...

https://www.coindesk.com/consensus-magazine/2024/05/15/rafael-cordon-safeguarding-elections-with-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Brothers Accused of $25M Ethereum Exploit as U.S. Reveals Fraud Charges

The alleged 12-second attack related to the controversial practice known as MEV, or maximal extractable value.

https://www.coindesk.com/policy/2024/05/15/brothers-accused-of-25m-ethereum-exploit-as-us-reveals-fraud-charges/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources

A House proposal to revoke the U.S. Securities and Exchange Commission's Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple people familiar with the sit...

https://www.coindesk.com/policy/2024/05/15/house-resolution-to-overturn-controversial-sec-rule-likely-to-pass-in-senate-sources/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Nasdaq, After Pivoting Crypto Ambitions to Tokenized T-bills, Sees Staffers Exit Amid Delays: Sources

After ending its crypto custody plan, Nasdaq pivoted to tokenized U.S. Treasuries, but progress was too sluggish for some now-former employees, a person familiar with the matter said.

https://www.coindesk.com/business/2024/05/15/nasdaq-after-pivoting-crypto-ambitions-to-tokenized-t-bills-sees-staffers-exit-amid-delays-sources/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Halving Impact and Macro Shifts Create Tailwinds for Bitcoin

Despite the drop in bitcoin’s price since April’s halving, there are still plenty of reasons to be bullish about BTC and crypto, says Paul Marino, Chief Revenue Officer at GraniteShares.

https://www.coindesk.com/opinion/2024/05/15/halving-impact-and-macro-shifts-create-tailwinds-for-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Ethereum Staking Opportunity

The market is just beginning and there’s a lot of room for growth, says Eliezer Ndinga, Head of Strategy and Business Development for Digital Assets at 21.co. Here’s what could drive the market.

https://www.coindesk.com/opinion/2024/05/15/the-ethereum-staking-opportunity/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Humanity Protocol Raises $30M at $1B for Decentralized Identification to Rival Worldcoin

While Worldcoin's technology is based on iris scans, Humanity Protocol uses palm prints.

https://www.coindesk.com/business/2024/05/15/humanity-protocol-raises-30m-at-1b-for-decentralized-identification-to-rival-worldcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Old-Head Otoh Talks Casascius Bitcoins, Tax Havens and Old Friends

The pseudonymous investor – early to both Ethereum and Litecoin – has lived large. He is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31.

https://www.coindesk.com/opinion/2024/05/15/crypto-old-head-otoh-talks-casascius-bitcoins-tax-havens-and-old-friends/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Data Indexer Subsquid Plans to Launch SQD Token Friday

The decentralized indexing protocol has raised over $17 million lifetime from venture capital firms and community investors.

https://www.coindesk.com/business/2024/05/15/data-indexer-subsquid-plans-to-launch-sqd-token-friday/?utm_medium=referral&utm_source=rss&utm_campaign=headlines