Citadel Crypto Exchange on the Horizon, Despite Ken Griffin’s Skepticism

Join ’em if you can’t defeat ’em. Citadel Securities is following this approach with its newest endeavor. Even as its creator expresses his own mistrust about the market, the market-making behemoth is getting into the crypto game. Will a Citadel crypto product, backed by some of the industry’s greatest venture capital companies, become a market … Read more

Miners and Coinbase are in Trouble, and Bitcoin is Rumbling

You’d think that because it’s June, legislators would be off duty and traveling home to wave in a parade… or meet with affluent backers…or whatever else they do over the summer break… Instead, lawmakers in Albany and Washington, D.C., right before the off-season, slammed the brakes on the crypto business. Let’s take a look at … Read more

Optimism (OP-USD): This Week’s Top Story

I’m always delighted to see a high-profile crypto launch without a Shiba Inu, ape, or goblin. Optimism (OP-USD) is currently on Binance, Coinbase, and DEXs like Uniswap. Optimism is a “Layer 2” Ethereum scalability solution (ETH-USD). Its OP coin was “airdropped” this week to its users and “Active Ethereum Participants.” If you’re engaged in a … Read more

Crypto Lender Babel Finance Valued at $2 Billion After Latest Fundraising

Babel Finance, a cryptocurrency lender and asset management located in Hong Kong, said on Wednesday that it has secured $80 million in a fresh investment round valued at $2 billion. Jeneration Capital, Circle Ventures, and 10T Holdings, as well as current investors Dragonfly Capital and BAI Capital, participated in the Series B investment round. A … Read more