Crypto News

Robinhood (HOOD) topped Wall Street's second-quarter expectations, but shares fell about 4% in after-hours trading, adding to their 3.1% decline during Wednesday's session. The online brokerage reported adjusted earnings per share of $0.62, well ahead of analysts' $0.43 estimate, while revenue climbed 32% from a...Read more

For years, Ethereum has been synonymous with decentralized finance. It pioneered onchain financial tools like lending protocols and tokenized assets, which today underpin much of the crypto economy. But one of crypto's fastest-growing sectors, perpetual futures, or "perps", has largely flourished elsewhere. Ask traders where...Read more

The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, extending its pause for a sixth consecutive meeting as policymakers continue to grapple with stubborn inflation. “Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply...Read more

"I think we're going to see a lot of mainstream impact from something tokenized that people can buy that they used to have a hard time getting access to," Galindo said. "I think that'll probably be the first way crypto hits the people that aren't...Read more

Stablecoin infrastructure firm Brale is rolling out an interoperability protocol designed to end what it says is a bottleneck in the industry's growth: moving a rapidly expanding number of custom stablecoins across blockchains. Dubbed ION Protocol, it allows participating stablecoins to move between blockchains by...Read more

Barclays analyst Benjamin Budish estimates Coinbase processed roughly $152 billion of trading volume during the quarter, well below the Street's expectation of about $178 billion. He expects adjusted EBITDA to come in roughly 3% below consensus, pointing to weaker blockchain rewards and institutional trading revenue....Read more

This same story repeated in June but from a different angle: the month's largest loss, more than $30 million at Humanity Protocol, came from a private key compromised on a team member's machine, with the contract untouched, per the project's own account. This is the...Read more

The Ethereum Foundation (EF) has appointed longtime ecosystem contributor pcaversaccio (known as "pc") to its board, expanding the group's leadership as it continues to refine the governance of the organization behind the world's second-largest blockchain. pc, a security researcher and co-founder...Read more

It was sometime in 2015, on a hiking trail in Hong Kong, that the perpetual swap — also called a perpetual future or a “perp” for short — was born. Ben Delo, the mathematician and co-founder of BitMEX, was walking with a friend called Bavik, a derivatives trader,...Read more

About 176,000 ZEC, worth roughly $81 million, had migrated into Zcash’s new Ironwood shielded pool by Wednesday, a day after the upgrade activated and sealed the pool where a counterfeiting flaw had gone undetected for four years. That is roughly 5% of the 3.66...Read more

Perpetual futures are entering regulated markets, and the objection to them is serious: retail-driven, high-leverage instruments will import systemic risk. But the critique is aimed at the wrong target. Systemic risk in a derivatives market is a property of the venue on which the perpetuals are traded, not...Read more

BNY, which has more than $59 trillion in assets under custody and administration, is moving one of its core record-keeping businesses onto blockchain as Wall Street builds the infrastructure for tokenized funds, the Financial Times reported Thursday. "We think of BNY as modernizing a function...Read more

The Federal Reserve (Fed) will announce its rate decision at 2 p.m. ET today, followed by Chair Kevin Warsh’s press conference at 2:30 p.m. ET. Traders typically assign greater weight to FOMC meetings that come with updated economic projections and a “dot plot” of interest-rate...Read more

The crypto market was mixed before the Federal Reserve’s interest-rate decision later Wednesday. The CoinDesk 20 Index has added 0.41% since midnight UTC, with 10 members advancing and 10 declining. BitcoinRead more

Options are derivative contracts used by traders to hedge price volatility risks. A call option offers asymmetric upside exposure in the underlying asset for a small upfront payment, much like a lottery ticket. A put option represents an insurance against price drops. Exchanges typically follow...Read more