Finance
The $293 million KelpDAO hack shows why DeFi is finally being forced to grow up
For protocol founders and security researchers, the incident reinforced a broader shift underway across crypto: DeFi is no longer primarily battling coding bugs. It’s battling complexity.
By CoinDesk
SpaceX targets June 11 IPO pricing, picks Nasdaq for historic market debut
Elon Musk’s rocket and satellite company has accelerated plans for its blockbuster public offering, with trading expected to begin as early as June 12 after a faster-than-expected SEC review.
By CoinDesk
China’s two-wheelers ride EV wave into Europe
Yadea plans factory in Hungary amid rising demand for electric scooters in Asia and South America
By Financial Times
Record high Japanese yields trigger bets on repatriation
Fund managers say country’s investors will sell out of US Treasuries to invest in JGBs
By Financial Times
Bain Capital closes largest Asia fund after raising $10.5bn
Buyout firm raised $2.1bn more from external investors than had been targeted
By Financial Times
Trump turns up the heat on Cuba
US president is using threats and inducements to force communist island to open up its economy as it runs out of fuel
By Financial Times
Trump-backed challenger defeats two-term Republican senator in primary
President had branded Bill Cassidy of Louisiana ‘disloyal’ for voting to impeach him
By Financial Times
The many joys of small talk
Clever people have always understood the value of pleasantries at work
By Financial Times
Europe’s leaders must stop self-censoring
White House pressure is being met with political flattery and strategic ambiguity that citizens find confusing
By Financial Times
Gulf freight rates jump as shipping companies turn to trucks to move cargo
Businesses face thousands of dollars in extra costs, with lorries only able to carry a fraction of the goods
By Financial Times
Kraken parent Payward cuts 150 staff, streamlining business ahead of planned IPO
The crypto exchange is also seeking fresh funding at a $20 billion valuation as it ramps up acquisitions and prepares for a public listing.
By CoinDesk
Bitcoin gives up Clarity Act gains as macro rout wipes out leveraged crypto bulls
Stocks, gold and crypto slid on Friday while crude oil topped $100 and traders repriced Fed expectations for rate hikes.
By CoinDesk
Crypto market structure bill clears key hurdle as ethics debate looms over floor vote
The Clarity Act cleared the Senate Banking Committee with bipartisan support, setting up a potential full Senate vote within weeks.
By CoinDesk
Iran war shows markets no longer sleep
The latest conflict involving Iran has produced an unexpected proving ground for financial infrastructure, and an unlikely winner has emerged, argues Huang.
By CoinDesk
CME, ICE push U.S. regulators to scrutinize Hyperliquid over manipulation risks
CME Group and ICE have reportedly warned the CFTC and Capitol Hill officials that Hyperliquid’s decentralized perpetual futures platform could enable market manipulation and sanctions evasion.
By CoinDesk
Lombard joins LayerZero exodus as $4 billion in assets switch to Chainlink's bridge
The shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over the security of cross-chain infrastructure.
By CoinDesk
Saudi Arabia is tokenizing its multi-trillion dollar economy to protect its wealth from global shocks
The chairman of droppRWA has secured $12.5 billion in mandates to tokenized real estate and his plans are to go beyond properties to bring trillions of dollars onchain.
By CoinDesk
U.S. House lawmakers who oversee the CFTC are urging Trump to fill the commission
As the Commodity Futures Trading Commission takes on a growing task to police U.S. crypto trading, senior lawmakers are saying it needs bipartisan leadership.
By CoinDesk
Bhutan ‘doesn’t recall’ selling any bitcoin, disputing widely-tracked $1 billion BTC drawdown
Arkham Intelligence data shows that over $1 billion in bitcoin has left wallets attributed to Bhutan in the past year, flowing to exchanges and trading firms. The country says it has not sold any.
By CoinDesk
Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%
A long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst session for U.S. stocks since March.
By CoinDesk
XRP beat bitcoin gains as CLARITY Act advanced, but a real bullrun still needs Congress
The token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products.
By CoinDesk
Crypto users are choosing juicy yields over protection, putting billions at risk of hacks
DeFi insurance protocols debuted with huge ambitions during the 2020 crypto boom. But as hacks evolved and users chased yields over protection, most of the sector collapsed under the same risks it was built to cover.
By CoinDesk
Jump Crypto’s ‘Firedancer’ is taking a slow and steady approach to its long-awaited Solana infrastructure rollout
In an interview with CoinDesk, the lead engineer at Firedancer gives an update on how the new client, also known as a software, is fairing in the Solana ecosystem.
By CoinDesk
Israel rushed laser system to UAE to fend off Iran’s missiles
Deployment of equipment is one of the first examples of major defence co-operation between the two states
By Financial Times
The long con: How North Korean spies spent months in-person to drain $285 million from Drift
The security intelligence research firm said North Korean-state-backed hackers account for 76% of all crypto scam and hack losses in 2026 and have stolen $6 billion since 2017.
By CoinDesk