Exclusive


Tech

Galaxy Buys Almost All of CryptoManufaktur's Assets, Expanding Ethereum Staking Portfolio

The acquisition by publicly traded Galaxy Digital, led by Michael Novogratz, will expand the firm's role in Ethereum staking, as part of a broader effort to push deeper into the business of blockchain infrastructure.

Mike Novogratz, Galaxy founder and CEO, discusses the practical changes that would follow Democratic support of crypto. (CoinDesk/Shutterstock/Suzanne Cordiero)

Finance

Crypto Custody Firm Copper Receives Key License in Hong Kong as it Expands in Asia Pacific

The license permits the holder to provide trust and corporate services in the region.

Crypto custody firm Copper receives TCSP license in Hong Kong as part of Asia Pacific expansion. (Danny Nelson/CoinDesk)

Markets

SEC Tells ETH ETF Issuers Fund Can Start Trading Next Tuesday: Sources

Issuers have been asked to submit their final S-1 documents by Wednesday.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Finance

A Crypto Trading Clampdown Expands Beyond Binance to Another Large Exchange

The second-largest crypto exchange, OKX, asked key trading firms for more information about their clients, in what appears to be an effort to root out misuse of a VIP fee program.

Crypto exchanges are clamping down on fees. (Matt Artz/Unsplash)

Tech

Crypto Casino Founder Apologizes for Gambling Away Investor Funds

Galaxy says it has reported a former general partner, Richard Kim, to the authorities for misappropriating at least $3.67 million of company funds belonging to Zero Edge, Kim's crypto casino.

Zkasino has re-opened ether bridge to users. (Carl Raw/Unsplash)

Finance

OKX Picks Malta Over France as Europe Hub to Comply With EU's MiCA Crypto Rules: Sources

OKX previously said in May 2023 that France would be its preferred European hub. "Compliance in Malta is way more lenient," said a person with direct knowledge of OKX's EU regulatory efforts.

Malta (Nick Fewings / Unsplash)

Tech

Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company

Polychain says Niraj Pant broke the fund's policies by secretly accepting "adviser" tokens from Eclipse.

Ritual co-founder Niraj Pant (Ritual)

Tech

Blockchain Startup Rome Raises $9M to Serve Ethereum Layer-2s Through Solana

Shared sequencers and data availability (DA) are services that Rome could provide, as blockchain builders increasingly rely on "modular" networks to handle Ethereum's myriad components and functions.

Rome co-founders Anil Kumar and Sattvik Kansal (Rome)

Finance

Digital Asset Trader Auros to Invest Over $50M in Crypto Startups Through Its Newly Established VC Arm

Auros Ventures aims to make concentrated bets on crypto startups to help them scale with Auros being "power user," Auros co-founder and CIO Ben Roth said in an exclusive interview with CoinDesk.

Julien Auchecorne, the newly appointed head of Auros Ventures (Auros)

Finance

Private Equity Giants Are Circling Bitcoin Miners on AI Allure

Private equity firms are seeing value in partnering with bitcoin miners to help with AI computing after Core Scientific signed a 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.

Lending money handing over paying cash (Shutterstock)