CoinDesk’s coverage kicked into high gear this week as crypto readied for a new presidency and a new regulatorily-friendly era.
Some highlights:Senior analyst James Van Straten reported on a wave of companies buying bitcoin for their balance sheets, following a model pioneered by MicroStrategy’s Michael Saylor.
Markets reporter Krisztian Sandor followed the rise of Solana’s SOL, XRP and Hedera’s HBAR on rumors that Trump might support an America-first crypto “reserve” to complement a national bitcoin holding.
Markets Co-Managing Editor Omkar Godbole delved into why bitcoin continues to be in a trough price-wise. But he said the recent selloff won’t hurt long-term institutional adoption.
Ian Allison, senior reporter, caught up with new Binance.US chief Norman Reed, who revealed how SEC officials had tried to choke off the exchange’s banking relationships as part of its 2022 investigation.
Asia reporter Sam Reynolds looked into how regulators in several countries had recently tried to ban Polymarket as prediction markets contend with gambling laws. (Kalshi, however, gained Donald Trump Jnr. as an advisor, showing how the U.S. may now become a safe haven for crypto companies.)
In a preview of what is expected to be a vibrant time for M&A activity, Ctrl Wallet, a self-custody wallet, revealed that it is up for sale, Allison reported.
Meanwhile, crypto ETFs are expected to surge in volume, following 2024’s seism
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Author: Benjamin Schiller
