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Crypto ETNs have had a slow start to trading in the UK since launching on May 28, only generating around $500,000 in total trading volume.

The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund for the first time with Onyx Digital Assets.

The broker raised its Galaxy Digital price target to C$23 from C$17, while maintaining its buy rating.

ZkSync, an Ethereum Layer 2 network developed by Matter Labs, has introduced a new community-driven governance system called ZK Nation.

The latest price moves in bitcoin (BTC) and crypto markets in context for June 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Mixed U.S. numbers ahead of inflation data and FOMC meeting caused a good ‘buy opportunity’ for bitcoin and ether, QCP added.

Crypto lending firm Ledn survived the crypto winter by being “boring, slow and safe,” according to a co-founder.

Several operators were removed from the Solana Foundation’s delegation program over malicious MEV activity.

Crypto is becoming an increasingly important part of Robinhood’s business, accounting for 20% of total revenue in the first quarter, the report said.

Ethereum spot ETFs could capture as much as 20% of the flows currently directed towards bitcoin ETFs, an analyst said.