Lance Datskoluo
Lance Datskoluo is a Markets Correspondent at DL News, focusing on the intersection of traditional finance (TradFi) and digital assets.
Prior to joining DL News, he worked at the Depository Trust & Clearing Corporation (DTCC), where he spearheaded the transformation of clearing and settlement products across both fixed-income and equities markets.
Lance has also worked in investment banking and sales & trading. As a director at BCP Securities, he helped launch the European office, streamlining high-yield and investment-grade emerging markets opportunities for U.S. institutional investors.
A formerly registered general securities representative with FINRA Series 7 and NASAA Series 63 licenses, Lance currently serves as an active arbitrator with the U.S. Financial Industry Regulatory Authority.
Disclosure: Lance has no significant crypto holdings.
16 articles
IREN Shifts Focus from Bitcoin Mining to AI Infrastructure
IREN is transitioning from Bitcoin mining to AI infrastructure, aiming for $5 billion in EBITDA by 2030, according to a report from Bernstein. The firm notes that IREN is becoming a hyperscale AI cloud operator, which may provide better profit margins compared to its previous focus on Bitcoin mining.
2 months ago·DL News·Reported by Lance Datskoluo
Bitmine Increases Ethereum Holdings by $294M Ahead of Clarity Act Discussion
Bitmine has acquired an additional $294 million in Ethereum, raising its total holdings to around $12 billion, according to DL News. This purchase coincides with upcoming discussions about the Clarity Act in the Senate, which aims to establish a federal framework for digital assets.
2 months ago·DL News·Reported by Lance Datskoluo
Ethereum Developers Conclude Key Session in Arctic to Enhance Network Capacity
Ethereum developers have finalized significant upgrades aimed at improving the network's scalability during a week-long meeting in Longyearbyen, Svalbard, as reported by DL News. The Ether price remains low, over 50% down from its peak, but the Ethereum Foundation has also secured $23 million through token sales to fund further development efforts.
2 months ago·DL News·Reported by Lance Datskoluo
Clarity Act Markup Stalls Amid Bank Resistance to Stablecoin Yields
The markup of the Clarity Act has been postponed to May due to unresolved issues. Despite bank lobbying against yield-bearing stablecoins, Zachary Townsend, CEO of Meanwhile, claims this resistance is ineffectual. The comments came from an article on DL News.
2 months ago·DL News·Reported by Lance Datskoluo
Crypto Companies Raised Over $600M in April Amid VC Skepticism
Despite a decline in enthusiasm, crypto companies secured over $600 million in April, according to DefiLlama data. The outlook on innovation remains mixed, with concerns about unmet promises voiced by industry leaders, as reported by DL News.
2 months ago·DL News·Reported by Lance Datskoluo
Traders Gain Confidence as Bitcoin Nears $77,000 Before Powell's Final FOMC
Traders exhibit renewed optimism as Bitcoin approaches $77,000 ahead of Jerome Powell’s last press conference as the Federal Reserve chair, according to DL News. With over $2 billion in net inflows into U.S. spot Bitcoin ETFs in April, the market appears to be stabilizing despite Bitcoin's significant decline from its previous peak.
2 months ago·DL News·Reported by Lance Datskoluo
Bitcoin Price Drops 2% Amid Federal Reserve Transition Uncertainty
Bitcoin's price fell 2% to $75,000 following Federal Reserve Chair Jerome Powell's final press conference, according to DL News. The uncertainty surrounding the Fed's leadership transition, characterized by internal discord, impacts the broader crypto market.
2 months ago·DL News·Reported by Lance Datskoluo
Standard Chartered Projects Tokenisation to Reach $2 Trillion by 2028
Standard Chartered predicts that the tokenisation market will grow from $35 billion to $2 trillion by 2028, driven by decentralised finance (DeFi) and stablecoins, according to DL News. Despite recent turbulence in DeFi, the bank sees continued expansion as a pathway for real-world assets to transition onchain.
2 months ago·DL News·Reported by Lance Datskoluo
Strategy Shares Surge 50% as Bitcoin Crosses $80K Ahead of Earnings Call
Strategy's stock price increased over 50% in the past month, coinciding with Bitcoin's rise above $80,000. The surge comes as institutional demand boosts Bitcoin exchange-traded funds, drawing $827 million in early May, according to DL News.
2 months ago·DL News·Reported by Lance Datskoluo
Bitcoin Traders Expect Price Surge Amid Potential Fed Transition
Bitcoin traders are increasingly optimistic about the cryptocurrency's price, anticipating a rise towards $90,000 as the U.S. Federal Reserve prepares for a leadership change. According to DL News, analysts view Kevin Warsh's potential confirmation as crucial for market stability, particularly following the Department of Justice's decision to drop its probe into the current Fed chair Jerome Powell.
2 months ago·DL News·Reported by Lance Datskoluo
Hegseth Positions Bitcoin as Strategic Asset Amid Global Tensions
US Secretary of War Pete Hegseth confirmed ongoing "classified" Bitcoin projects at the Pentagon, emphasizing its potential as a tool for American power. Hegseth's comments, made during a Congressional hearing, reflect a growing recognition of Bitcoin's role in global geopolitics as reported by DL News.
2 months ago·DL News·Reported by Lance Datskoluo
Bitcoin Surpasses $80,000 as Clarity Act Advances in Senate
Bitcoin exceeds $80,000 on May 1, 2024, amid significant ETF inflows and upcoming legislation. Senator Tim Scott indicates a bipartisan markup for the Clarity Act is expected in May, which could remove regulatory uncertainty. This momentum may contribute to Bitcoin's rise, as institutional interest strengthens, according to DL News.
2 months ago·DL News·Reported by Lance Datskoluo
Hyperliquid Launches Bitcoin Prediction Markets, Challenging Established Platforms
Hyperliquid’s new Bitcoin outcome market has reportedly surpassed equivalent markets on Polymarket and Kalshi in volume. The launch marks a significant step for prediction markets, as analysts suggest these platforms are now being viewed as potential institutional hedging tools, according to DL News.
2 months ago·DL News·Reported by Lance Datskoluo
Coinbase Raises Concerns About Anthropic's Mythos AI and Bitcoin Confidence
Coinbase warns that Anthropic's Claude Mythos AI could pose a threat to crypto markets. Despite these concerns, a significant majority of institutional investors remain optimistic about Bitcoin, according to the firm's recent outlook.
2 months ago·DL News·Reported by Lance Datskoluo
Robinhood Faces 47% Crypto Revenue Drop, Bernstein Maintains Positive Outlook
Robinhood's Q1 revenue from crypto has declined 47% year-on-year, contributing to an 8% drop in its stock price. Despite this, Bernstein maintains an 'outperform' rating, forecasting a potential rebound as the company shifts its focus away from crypto volatility, according to DL News.
2 months ago·DL News·Reported by Lance Datskoluo
Coinbase Cuts 700 Jobs Amid Market Challenges and Focus on AI
Coinbase announces a reduction of approximately 14% of its workforce, affecting 700 employees, as it restructures to prioritize artificial intelligence capabilities. Shares of the cryptocurrency exchange increased by 4% in response to the news, according to DL News.
2 months ago·DL News·Reported by Lance Datskoluo
