Nelson Wang

Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.

Nelson Wang

Latest from Nelson Wang


Finance

Virtual Reality Tokens Surge 8% as Traders Await Apple's VR Headset Release

The metaverse market is bouncing back ahead of Apple's release as trading volume on related tokens spikes to $905 million.

Apple to release VR headset on Monday (Lauren Heymann/Unsplash)

Markets

Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data

Ether and other major cryptos spent much of the day in positive territory.

Bitcoin daily chart (CoinDesk Market Index)

Finance

Justin Sun Predicts Huobi May Get Hong Kong License in 6 to 12 Months

He says other exchanges, including OKX, Gate.io, Bitget and ByBit might also apply for a license.

Justin Sun (CoinDeskTV)

Markets

Bitcoin Lingers Under $27K to Continue Its May Sluggishness Amid Inflation Concerns

BTC and ether both lost ground in May, the first monthly decline of 2023. LTC and RNDR were among the month’s big gainers.

Bitcoin price one month. (CoinDesk)

Markets

MakerDAO Paves Way for Additional $1.28B U.S. Treasury Purchase

The protocol’s community voted for onboarding a new real-world asset vault that would invest up to the additional amount in U.S. Treasury bonds.

Maker Foundation CEO Rune Christensen.

Markets

MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets

The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP’s total supply.

MakerDAO booth at CES 2020 (Brady Dale/CoinDesk)

Tech

Jimbos Protocol to Work With U.S. Homeland Security to Help Recover $7.5M From Flash Loan Exploit

The team is opening more cases in other jurisdictions and offering a roughly $800,000 bounty to the general public for information on the exploiter.

U.S. Homeland Security (Smith Collection/Gado/Getty Images)

Markets

USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown

The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value.

Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)

Finance

Coinbase Shares Rise as Q1 Revenue Grows 23% to $773M From Q4

The crypto exchange reported results after the close on Thursday.

Coinbase's Base blockchain has gone live (Chesnot/Getty Images)

Finance

Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ

The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend.

(Chesnot/Getty Images)