Yueqi Yang

New York

Crypto Reporter at The Information

Crypto reporter @theinformation. Ex-Bloomberg. [email protected]. Verify my X account from my official author page.

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Articles

Coinbase to Buy Crypto Options Exchange Deribit for $2.9 Billion

6 days ago | theinformation.com | Yueqi Yang

Source: The InformationCoinbase announced it has agreed to buy Deribit, the world’s biggest crypto options exchange, for $2.9 billion, the biggest merger deal ever in the crypto industry. The deal will allow Coinbase to fill a missing piece in its derivatives business and push deeper into areas long dominated by big offshore exchanges. Unlike Binance and OKX, Coinbase doesn’t offer crypto options trading yet.
BNY Head of Digital Assets Caroline Butler Departs

1 week ago | theinformation.com | Yueqi Yang

Source: The InformationBNY’s global head of digital assets Caroline Butler has decided to leave the company after more than five years, according to the bank. Carolyn Weinberg, the bank’s chief solutions innovation officer who joined from BlackRock in January, will continue to lead the company’s digital assets strategy and platform. In March, Butler testified in Congress on behalf of the bank on stablecoin legislation. The bank safekeeps reserve assets for Circle’s stablecoins.
David Bailey, Who Advised Trump on Crypto, Plans Bitcoin Investing Firm

1 week ago | theinformation.com | Yueqi Yang

David Bailey, who advised President Donald Trump on crypto policy during his 2024 campaign, is raising $300 million to launch a publicly traded bitcoin investing company, according to people familiar with the matter. He is following a string of companies that buy up crypto seeking to replicate the success of Michael Saylor’s Strategy, which converted itself into a bitcoin investment firm.
Trading App eToro Moves Ahead With IPO Plans

1 week ago | theinformation.com | Yueqi Yang

Source: The InformationTrading platform eToro said Monday it’s launching the roadshow for its initial public offering, making it one of the first companies to move forward with their listing plans after tariff-induced market turmoil froze the IPO market last month. The Israel-based company and its shareholders are offering a total of 10 million shares for $46 to $50 each, seeking to raise up to $500 million, according to an updated filing Monday.
MoneyGram Makes Crypto Push

1 week ago | theinformation.com | Yueqi Yang

Source: The InformationMoneyGram, the international money transfer firm, will allow crypto companies to make use of its thousands of physical locations worldwide to provide cash deposit and withdrawals for their users. The company on Friday launched a tool for developers of crypto exchanges, wallets, and stablecoin apps to easily integrate with its global cash network.
Trump’s Stablecoin Used in Abu Dhabi’s $2 Billion Binance Deal

1 week ago | theinformation.com | Yueqi Yang

Source: The InformationThe market value of the stablecoin launched by President Donald Trump’s World Liberty Financial crypto venture rose to $2.1 billion on Thursday from $130 million three days ago after a Middle East sovereign wealth fund used the token to pay for its investment in crypto exchange Binance. The stablecoin was used by Abu Dhabi sovereign wealth fund MGX, according to World Liberty’s co-founder Zach Witkoff, son of Trump’s special envoy to the Middle East Steve Witkoff.
Crypto Venture Capital Fundraising Springs Back to Life

2 weeks ago | theinformation.com | Yueqi Yang

Fundraising is picking up among crypto venture funds after two dismal years, as investors hope to profit from the friendly regulatory environment under President Donald Trump. The rebound is likely to be modest because venture capital funds are no longer the only game in town for big investors who want crypto exposure. Crypto VC funds are on track to raise nearly $4 billion in the coming months, which would top last year’s total of $3 billion raised.
Ripple Had Offered to Buy Circle

2 weeks ago | theinformation.com | Yueqi Yang

Source: BloombergStablecoin provider Circle rejected a takeover offer from crypto company Ripple valued at $4 billion to $5 billion, Bloomberg reported. Ripple is still interested in Circle but hasn’t decided whether to make another offer. Circle remains focused on pursuing an initial public offering that it filed for in April, the publication said.
Fed Withdraws Crypto Guidance in Industry-Friendly Pivot

2 weeks ago | theinformation.com | Yueqi Yang

Source: The InformationThe Federal Reserve Board announced on Thursday it has withdrawn its crypto guidance issued during the Biden administration, completing an industry-friendly pivot by all three federal banking regulators. The Fed will no longer require banks to receive signoff before engaging in crypto activities. It also withdrew its 2023 statements warning banks about crypto risks.
Jane Street’s Crypto Trading Tripled Last Year

2 weeks ago | theinformation.com | Yueqi Yang

Jane Street, a Wall Street powerhouse, more than tripled its crypto trading in 2024 during the market rebound, boosted by bitcoin exchange-traded funds and the expected easing of crypto rules under President Donald Trump. The New York–based company purchased $110 billion worth of cryptocurrencies, including stablecoins, and sold $110 billion worth of cryptocurrencies last year, according to financial documents seen by The Information.