US


Finance

Market Maker Flowdesk Doubled Down on the U.S. as Things Looked Bleak. Now That Bet Is Paying Off

Flowdesk's CEO made a contrarian bet on the U.S. while the SEC was waging war on crypto. Fast forward a year, and the country has bitcoin ETFs, ether ETFs are imminent and pro-crypto legislation is before the Senate.

head and shoulders shot of Flowdesk CEO Guilhem Chaumont

Markets

Trump Odds on Polymarket Hit Another All-Time High After Vance VP Pick

With a millennial running mate, the former president now has a 72% chance of retaking the White House, traders on the crypto-based prediction market are signaling.

MILWAUKEE, WISCONSIN - JULY 15: (L-R) Tucker Carlson, U.S. Rep. Byron Donalds (R-FL), Republican presidential candidate, former U.S. President Donald Trump,  Republican Vice Presidential candidate, U.S. Sen. J.D. Vance (R-OH), and Speaker of the House Mike Johnson (R-LA) appear on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin. Delegates, politicians, and the Republican faithful are in Milwaukee for the annual convention, concluding with former President Donald Trump accepting his party's presidential nomination. The RNC takes place from July 15-18. (Photo by Chip Somodevilla/Getty Images)

Policy

Kraken Co-Founder Jesse Powell Donates $1M, Mostly Ether, to Donald Trump

Powell said he is supporting the only major pro-crypto party candidate.

Kraken co-founder Jesse Powell (CoinDesk)

Policy

SEC Ends Probe Into Consensys, Won't Sue Over Ethereum

The U.S. regulator closed its investigation into "Ethereum 2.0," Consensys said.

Joe Lubin, founder and CEO of Consensys. (Shutterstock/CoinDesk/Suzanne Cordiero)

Markets

Meme Coins and Macro: U.S. Credit Card Holders Most Stressed Since 2012

The percentage of credit card loans outstanding for over 90 days has increased to the highest since 2012, a signal that speculative activity may ease off.

(stevepb/Pixabay)

Policy

FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B in Forfeited Assets

Attorneys for the victims said the bankruptcy process has left FTX customers feeling "aggrieved and robbed."

FTX logo (Adobe Firefly)

Policy

White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports

CFTC Commissioners Christy Goldsmith Romero and Kristin Johnson are reportedly set to be nominated to key roles.

Christy Goldsmith Romero (CFTC)

Markets

Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say

Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.

U.S. Federal Reserve Chair Jerome Powell testified that a U.S. CBDC isn't in the near future, and he said the Fed wouldn't design one to spy on Americans (screen capture, Senate Banking Committee video)

Policy

U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.

(Shutterstock)

Policy

MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case

The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)