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Finance

Michael Saylor’s Strategy Snubbed by S&P 500 Amid Robinhood's Surprise Inclusion

Robinhood was unexpectedly added to the S&P 500, boosting its stock by 7% after the market closed.

Executive Chairman of MSTR, Michael Saylor (Danny Nelson/CoinDesk)

Policy

Legislation Steering U.S. Fate of Crypto Emerges in New Version in Senate

Lawmakers in the Senate Banking Committee have a new draft of the crypto market structure bill that would establish U.S. regulations for crypto trading.

Sen. Tim Scott (Nikhilesh De/ColnDesk)

Markets

Ether Leads Crumbling Crypto Prices in Shocking Reversal From Early Rally

Soft U.S. jobs numbers released Friday cemented the case for an imminent Fed rate cut and provided what turned out to be only a brief jolt higher to crypto markets.

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

Markets

U.S. Added Just 22K Jobs in August as Unemployment Rate Rose to 4.3%

The soft numbers not only cement the case for a Fed rate cut later this month, but likely put a 50 basis point move on the table versus the previously expected 25.

The U.S. released January jobs numbers Friday morning (Ernie Journeys/Unsplash)

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Finance

Chainlink and Pyth Selected to Deliver U.S. Economic Data on Blockchain

Chainlink's LINK and Pyth's token surged after they announced that they will deliver official macroeconomic data feeds from the U.S. Commerce Department on blockchain.

Chainlink co-founder Sergey Nazarov

Finance

Ethereum Wallet MetaMask Will Likely Unveil Its Own Stablecoin this Week

The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a prematurely posted governance proposal that was quickly deleted last week.

A fox (Unsplash)

Policy

Terraform's Do Kwon Pleads Guilty to Conspiracy, Wire Fraud in UST Blow-up

The 33-year-old Korean national said he "knowingly" participated in a scheme that defrauded purchasers.

Do Kwon (CoinDesk archives)

Markets

Bitcoin Surges Past $117K as Trump Taps Stephen Miran for Federal Reserve

An executive order paving the way for crypto to be included in 401(k) plans is also helping boost prices on Thursday.

The Marriner S. Eccles Federal Reserve building in Washington, D.C.

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Markets

Fed Holds Rates Steady as Expected, but Two Dissent From Decision

Fed Chair Jerome Powell has been under considerable pressure from the White House to ease monetary policy.

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)

Policy

No U.S. Bitcoin Reserve Plans as White House Touts Crypto Report

The report on the government's crypto plans doesn't offer a ton of surprises, mostly echoing familiar policy work, and it's got nothing new on the crypto stockpiles.

Donald Trump (Jesse Hamilton/CoinDesk)