CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 1.2%, leading index lower
Near Protocol (NEAR), down 1% from Wednesday, was also an underperformer....
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Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg
Kraken owner Payward will acquire Hong Kong-based Reap Technologies as the crypto exchange expands its stablecoin and payments infrastructure business in Asia....
Bitwise enters tokenization in takeover of Superstate’s $267 million 'carry fund'
Bitwise assumes management of Superstate's $267 million USCC crypto carry fund June 1, marking the asset manager's first tokenized fund venture. The fund targets qualified investors seeking profits from spot-futures price spreads using blockchain infrastructure. The move reflects growing institutional adoption of tokenized assets, now exceeding $30 billion globally, as traditional and crypto-native firms modernize capital markets operations.