The Algorand Foundation on Wednesday joined the ranks of crypto companies that have reduced their workforce, losing 25% of its fewer than 200 employees and citing the “uncertain global macroeconomic environment” and a broader crypto slowdown. The cuts came as a wave of layoffs proliferated across the industry. In February, the Gemini Space Station (GEMI) […]
Crypto Firms Abandon Hundreds of Workers to Bank on AI Read More »
For years, tokenization has been touted as a bridge between crypto and Wall Street. Put treasuries on chain. Issue tokenized money market funds. Represent actions numerically. The assumption was simple: if assets move on-chain, institutions will follow. But tokenization alone has never been the end game. As we have recently argued in our institutional perspective,
How DeFi is quietly rebuilding the fixed income stack for institutional capital Read More »
Strategy (MSTR), already the largest Bitcoin holding company in the world BTC$70,910.17is on track to record its second-largest quarterly accumulation, continuing its aggressive cash expansion even as the cryptocurrency’s price fell 20%. Since January, the company has purchased 89,618 BTC, bringing its total holdings to 761,068 BTC. With two Mondays remaining for potential purchase announcements
Strategy (MSTR) on Track for Second Largest Quarter of BTC Buying Despite Price Drop Read More »
A seat at Donald Trump’s next crypto lunch could cost as little as $70,000. It could also cost more than $6 million, depending on how participants choose to climb the leaderboard that determines entry, even though the token is trading nearly 96% below its peak. The event, announced last week, will take place April 25
Lunch with Donald Trump could cost $70,000, or $6 million. Read More »
Former FTX CEO Sam Bankman-Fried, who is currently serving a 25-year prison sentence for fraud, has renewed public praise for US President Donald Trump, adding to speculation that he is hoping for a pardon. In a recent article on X, written through a proxy using prison-approved communications, Bankman-Fried supported Trump’s decision to launch strikes against
SBF considers presidential pardon with tweets praising Donald Trump Read More »
A political action committee with ties to major tech and crypto donors is raising the specter of disgraced former FTX CEO Sam Bankman-Fried to target New York congressional candidate Alex Bores as the state lawmaker faces a crowded Democratic field. A heavily worded mailer distributed by Think Big PAC told voters that the Democratic primary
The two US senators negotiating a controversial provision of the crypto industry market structure bill – Republican Thom Tillis and Democrat Angela Alsobrooks – have reportedly agreed on a compromise that could move the industry’s top priority to the next stage in the Senate. Politico reported that the two agreed in principle on a stable
Crypto Clarity Act May Be Allowed To Move After Senators Agree On Stable Coin Yield Read More »
Kalshi is now the subject of a two-week restraining order banning betting in Nevada, while a legal debate continues over the long-term status of prediction markets there. On Friday, Nevada’s First Judicial District Court issued a 14-day order, ordering the platform to stop offering event contracts in the state. A federal appeals court cleared the
Kalshi Gets Temporary Ban in Nevada Over Sports Betting Dispute Read More »
Oil volatility triggered by the Iran conflict is pushing traders toward decentralized exchanges (DEXs) like Hyperliquid, where markets never close, Wall Street investment bank JPMorgan said in a report on Wednesday. The bank reported a surge in activity from non-crypto investors using perpetual futures, derivatives with no expiry date, to gain around-the-clock exposure to oil.
Hyperliquid oil volume booming thanks to Middle East war (JPMorgan) Read More »
The SEC’s new approval of Nasdaq’s token framework marks a key turning point in how stocks might be traded in the future: it puts blockchain at the heart of U.S. stock markets, but on Wall Street terms. The regulatory green light allows Nasdaq to test a system in which certain stocks and ETFs can be
