Crypto

Our crypto coverage puts the news surrounding the industry’s biggest players in the context of the broader tech ecosystem. Our reporters have covered the Securities and Exchange Commission’s efforts to regulate crypto, the downfall of major players like FTX and Binance’s CZ, and more.
Recent Articles about Crypto
Art by Clark Miller.

Borrowed Money Fueled Crypto’s $700 Billion Sell-Off

By Yueqi Yang · Oct 13, 2025 1:44pm PDT · 2 comments
The flash crash that rumbled across the crypto market on Friday can be traced to an unusual token that aims to track the dollar, a fast-growing exchange that allows investors to borrow heavily and speculative tokens that traders buy using debt. That combustible mix of borrowed money was ignited Friday by President Donald Trump’s announcement of... The flash crash that rumbled across the crypto market on Friday can be traced to an unusual token...
Art by Clark Miller

SEC Is Moving to Allow Stocks to Trade Like Cryptocurrencies

By Yueqi Yang · Sep 30, 2025 6:00am PDT · 1 comment
The Securities and Exchange Commission is working on a plan to allow stocks to trade like cryptocurrencies on the blockchain, but is facing strong opposition from traditional financial firms such as Citadel Securities, according to people involved in the process. The SEC’s staff is talking to industry representatives about the plan, which is a... The Securities and Exchange Commission is working on a plan to allow stocks to trade like...
Art by Clark Miller.

How Crypto Upended Financial Markets and What Comes Next

By Yueqi Yang · Sep 22, 2025 6:00am PDT · 1 comment
Crypto stormed into the traditional financial system over the past four months, wedging itself deeper than ever into banking and the stock market. The head-spinning changes created billions in profits for the industry and added more risks for investors and regulators. The changes came so fast that they were hard to keep straight. We’ve rolled... Crypto stormed into the traditional financial system over the past four months, wedging itself...
Art by Mike Sullivan
Crypto Exchange Sets Off Price War for Stablecoins
By Yueqi Yang · Sep 10, 2025 5:00am PDT · 1 comment
Art by Mike Sullivan

Crypto Exchange Sets Off Price War for Stablecoins

By Yueqi Yang · Sep 10, 2025 5:00am PDT · 1 comment
Just two months after Congress passed a cryptocurrency law that gave a big boost to stablecoins, a price war has broken out, potentially wiping away the lucrative profits these tokens could generate. The battle is taking place among users of Hyperliquid, a fast-growing decentralized crypto exchange. They are considering reducing their use of... Just two months after Congress passed a cryptocurrency law that gave a big boost to stablecoins,...
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Nasdaq Steps Up Scrutiny of Companies Loading Up on Crypto

By Yueqi Yang · Sep 4, 2025 6:00am PDT · 1 comment
Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a stock price boost by raising money to buy and hoard crypto, according to company filings and people familiar with the matter. The exchange’s move could slow the crypto boom that is putting increasingly exotic tokens on mainstream markets. The stock... Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a...
Pantera founder, Dan Morehead. Photo via Getty
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Crypto Fund Pantera Seeks to Raise Up to $1.25 Billion for Solana Deal

By Yueqi Yang · Aug 25, 2025 2:06pm PDT · 1 comment
Crypto fund manager Pantera is seeking to raise as much as $1.25 billion to convert a public company into a solana investment firm, as a flood of companies race to cash in on the latest hot crypto sector. Pantera, founded by Dan Morehead, a former trader at Goldman Sachs and Tiger Global Management, is one of the largest and oldest crypto asset... Crypto fund manager Pantera is seeking to raise as much as $1.25 billion to convert a public...
World Liberty Financial co-founder Donald Trump Jr. (left), is joined at the Nasdaq MarketSite in Times Square by Zach Witkoff, the incoming chairman of Alt5 Sigma (center) and incoming Alt5 Sigma board director Eric Trump (right). Photo by Getty
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Trump Partner in Crypto Venture Faces SEC Allegations

By Michael Roddan · Aug 19, 2025 10:15am PDT · 1 comment
The Trump family has partnered with a father-son duo with a history of run-ins with financial regulators for a deal to sell $1.5 billion of its crypto tokens. A biotech turned crypto company called Alt5 Sigma will sell $1.5 billion of stock and use the money to buy the crypto token created by World Liberty Financial, founded by Donald Trump Jr.... The Trump family has partnered with a father-son duo with a history of run-ins with financial...
Bullish's New York Stock Exchange debut. Photo via Getty
Crypto’s Bullish Day
By Ken Brown · Aug 13, 2025 5:00pm PDT
Bullish's New York Stock Exchange debut. Photo via Getty
The Briefing

Crypto’s Bullish Day

By Ken Brown · Aug 13, 2025 5:00pm PDT
Crypto conquered the stock market again with the public debut of crypto exchange Bullish, whose stock soared as much as 220% on its opening day Wednesday after raising $1.1 billion in its IPO. The offering followed a glittering IPO from stablecoin issuer Circle and offerings from a raft of companies that have stuffed themselves with... Crypto conquered the stock market again with the public debut of crypto exchange Bullish, whose...