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In brief Ubisoft launched a Decentralized Verification Network with LayerZero, enabling secure cross-chain transfers of gaming assets across 130+ blockchains. The system is designed to strengthen digital ownership security while simplifying asset transfers between platforms. Ubisoft has built games across multiple blockchain networks, and supported many others over the years. Gaming giant Ubisoft announced Wednesday the launch of its Decentralized Verification Network, or DVN, a blockchain-based system designed to secure digital asset transfers across multiple blockchain platforms.The maker of popular games like Assassin’s Creed, Just Dance, and Far Cry collaborated with LayerZero to leverage its interoperability protocol, allowing gamers to…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. We have a more specific date on when Galaxy Digital intends to (finally) go public in the US. And speaking of crypto-related equities, Grayscale’s launched a new ETF. First, on Galaxy: The firm is eyeing May 16 for its Nasdaq listing. We reported earlier this month that the SEC “declared effective” the company’s registration statement to do so. There’s still that shareholder meeting to approve the move on May 9. Galaxy shares have traded on the Toronto Stock Exchange since 2020 and will continue to do…

In brief Galaxy Digital Holdings plans to list on the Nasdaq Global Select Market on May 16, pending shareholder approval.  The company is making a play for U.S. investors’ dollars by listing its shares on an American exchange.  -The move comes nearly five years after Galaxy Digital first went public on the Toronto Stock Exchange.  Galaxy Digital Holdings plans to list on the Nasdaq Global Select Market next month, the firm said Wednesday in a statement, a byproduct of the pro crypto pivot of U.S. federal regulators and policymakers.The listing, which is subject to shareholder approval, will tentatively go live…

This is a segment from The Drop newsletter. To read full editions, subscribe. Remember the “interoperability” gaming dream?  Ubisoft is spinning up a Decentralized Verification Network (DVN) to verify crypto assets that are being moved or bridged from one blockchain to another.  The company is using LayerZero’s tech — more specifically, its codebase and omnichain messaging protocol — in the deal. The game studio is running its own clients and nodes for its network, however. The DVN means Ubisoft can let players move their NFTs and in-game currencies from one chain to another, which makes them usable with other Ubisoft…

There was a bit of volatility in crypto on Wednesday, but most of the market continued the weeks’ trend of trading in a very tight range.Shortly after the close of the U.S. stock market, bitcoin (BTC) was changing hands at $94,700, down just 0.4% over the past 24 hours. BTC was lower by nearly 2% at one point alongside a sizable early decline in stocks.Hit harder during the early decline, altcoins also rebounded, but underperformed bitcoin The CoinDesk 20 slumped 2% in the last 24 hours, with litecoin (LTC), ripple (XRP), avalanche (AVAX) and chainlink (LINK) all dropping roughly 4%.Crypto…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A household name is teaming up with a stablecoin platform in a bid to bring tokenized dollars into everyday life. That would be payments giant Visa, which is now launching stablecoin-linked cards.  What does that even mean? Essentially, fintech developers using Bridge can offer these cards to their customers, who can then make purchases at any merchant location that accepts Visa.  Bridge deducts funds from the cardholder’s stablecoin balance and converts the balance into fiat so the merchant gets paid in their local currency. The card…

Robinhood (HOOD) topped tempered analyst estimates in the first quarter of 2025, reporting adjusted earnings per share of $0.37 against forecasts for $0.33.The popular trading platform reported $927 million in total revenue, down from $1 billion in the fourth-quarter, but beating Street expectations of $920.1 million. Crypto-related revenue was $252 million, up 100% from year-ago levels.Transaction-based revenue of $583 million slipped 13% from $672 million in the fourth quarter.Robinhood had seen explosive numbers in the fourth quarter, in part thanks to a surge in crypto trading amid euphoria stemming from U.S. President Donald Trump’s presidential win. But the froth in…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The US economy contracted in the year’s first three months. It’s the first quarterly decline since 2022.  Today’s advanced GDP estimate for Q1 showed a 0.3% annualized decline, sending stocks lower, and Treasury yields and gold higher. Analysts had expected GDP to grow 0.4% in the first quarter.  The report comes a day after President Trump marked 100 days in office, during which time the S&P 500 notched its worst performance (-7.3% since Inauguration Day) since the first 100 days of President Nixon’s second term. The…

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team.In this issue:Inside Movement’s Token-Dump Scandal: Secret Contracts, Shadow Advisors and Hidden MiddlemenEthereum Could Supercharge Transaction Speed to 2,000 TPS Thanks to Bold New ProposalBitcoin Debate on Looser Data Limits Brings to Mind the Divisive Ordinals ControversyCoinbase’s Base Network Achieves ‘Stage 1’ Status, Reducing Centralization RiskNetwork newsMOVEMENT’S TOKEN DUMP SCANDAL: Movement, a buzzy crypto startup supported by Trump’s World Liberty Financial, was rumored to be closing a $100M series B round. Instead, following a…

Cryptocurrency debit card firm Baanx has partnered with Visa to launch stablecoin payment cards tied to self-custodial wallets, starting in the U.S. with Circle’s USDC dollar pegged token, the companies said.The Visa cards enable holders to spend USDC directly from their crypto wallets, using smart contracts to move a stablecoin balance upon card authorization from the consumer to Baanx in real time, with Baanx converting the balance into fiat for payment, according to a press release on Wednesday.Allowing people to manage their money on-chain with the help of major card networks like Visa and Mastercard is a fast growing segment…