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StarkWare cuts jobs in reorganization as Starknet revenue falls 99% from peak

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StarkWare is restructuring into two business units and reducing its workforce as it shifts from scaling Ethereum to building its own revenue-generating products — a shift forced by a more than 99% collapse in revenue from its flagship Starknet network. The changes were presented at a company-wide town hall hosted by CEO Eli Ben-Sasson, where […]

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Bitcoin Hit by $20 Million Hourly Selling Pressure Above $70,000

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Bitcoin BTC$70,735.54 The market is facing a familiar problem since prices surpassed $70,000 last week: a surge in profit-taking. According to blockchain analytics firm Glassnode, more than $20 million worth of BTC was sold per hour at a profit. “Each approach to the $70,000-$80,000 range faces low liquidity and profit-taking pressure, limiting the rebound. Another

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Clarity Act Returns to US Senate, Banking Results: Crypto Week Ahead

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The coming week will see the US Senate return from recess, with the Clarity Act on the agenda while the National Credit Union Administration’s comment window on stablecoin issuer rules closes. Additionally, April 15 marks the U.S. tax filing deadline, which could put pressure on cryptocurrency holders in managing their finances and add volatility to

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Attacker Mints $1 Billion Polkadot Tokens on Ethereum and Only Steals $250,000

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Crypto hacks are not new, but cases where attackers take big risks and walk away with peanuts are not common. This rare scenario occurred on Sunday. An attacker exploited a vulnerability in Hyperbridge’s cross-chain gateway that connects different blockchains, minting 1 billion Polkadot tokens ($1.19 billion) on Ethereum and swapping them for around $237,000 worth

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Alameda transfers $16 million into Solana’s SOL token for possible payments to creditors

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According to data source Arkham, bankrupt crypto exchange FTX’s sister company, Alameda Research, “unlocked” approximately $16 million worth of SOL token from Solana and moved it to an address tied to creditor repayments. Release refers to the process of removing crypto assets that were previously locked into a proof-of-stake (PoS) network to help secure the

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WLFI threatens legal action against Justin Sun after accusing Trump-linked project of deceptive DeFi deals

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WLFI$0.07907 escalated his dispute with Justin Sun into a potential legal battle Sunday evening, as tensions over his recent loan to a connected DeFi project escalated into a public showdown. “Does anyone still believe @justinsuntron?” the project wrote about X. “We have the contracts. We have the evidence. We have the truth. See you in

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The strategy signals further Bitcoin buying, as the company only needs 2% annual BTC growth to cover dividends.

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Strategy co-founder Michael Saylor signaled an imminent Bitcoin purchase on Sunday, posting “think bigger” alongside the company’s BTC acquisition tracker that has preceded every major purchase since 2020. The company has made 105 bitcoin purchases since it began accumulating in August 2020. The most recent, on April 6, added 4,871 BTC for $329.8 million. Total

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How US Sports Teams Can Launch Their Fan Token Strategies Now

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For years, the conversation about fan tokens in the United States has followed a familiar and frustrating pattern. The leaders of major sports franchises were interested. Their fans were curious. The technology was ready. But without clear regulatory guidance on how fan tokens would be classified under U.S. law, the risk of launching a program

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CFTC Chairman Mike Selig argues for agency’s ‘exclusive regulatory authority’ in fight against prediction markets: State of Crypto

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Commodity Futures Trading Commission Chairman Mike Selig told CoinDesk that the agency will continue to defend its “exclusive regulatory authority” to oversee prediction markets in court. “It doesn’t matter if it’s sports or politics or anything else, if it’s a validly offered product within a CFTC-regulated exchange, then we regulate that,” Selig said. You’re reading

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