PALM BEACH, Fla. — Banking trade groups, rather than individual banks, are primarily responsible for blocking negotiations on crypto market structure legislation, Coinbase CEO Brian Armstrong said. Banks themselves see crypto as an opportunity, he said Wednesday at the World Liberty Forum at Mar-a-Lago. “For whatever reason, incumbent industries sometimes have trade groups and view […]
Billionaire real estate mogul Barry Sternlicht said his company, Starwood Capital Group, which manages more than $125 billion in assets, was ready to start tokenizing real-world assets but could not move forward due to regulatory barriers in the United States. “We want to do it now and we are ready,” Sternlicht said Wednesday at the
Shares of Riot Platforms (RIOT) rose nearly 9% on Wednesday after activist investor Starboard Value LP released a letter urging the company to accelerate its transition from Bitcoin mining to an AI infrastructure provider. The goal is for Riot to secure high-margin artificial intelligence and high-performance computing (AI/HPC) hosting deals. Riot’s 1.7 gigawatts of fully
Riot stock jumps about 7% as Starboard pushes $1.6 billion AI data center move Read More »
After hesitating early on Wednesday, Bitcoin BTC$66,250.94 reversed during the afternoon in the United States and slipped to a session low below $66,000, putting pressure again on the lower end of its recent range. After trading $68,500 overnight, BTC is down 2.5% in the past 24 hours and last traded at $66,200. Crypto stocks, which
BTC’s rebound from this month’s crash evaporates Read More »
Crypto exchange Kraken has extended its acquisition streak by purchasing token management platform Magna as the company prepares for its anticipated public market debut. The deal, announced Wednesday by Kraken parent company Payward, brings a platform used by crypto teams to manage token acquisition, claims and distributions. It currently serves more than 160 customers and
Kraken parent acquires token management company ahead of planned IPO Read More »
OpenAI is diving deeper into cryptographic security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains. Smart contracts, the self-executing code deployed on blockchains like Ethereum, underpin decentralized exchanges, lending protocols, and a wide range of
Coinbase’s layer 2 Ethereum network, Base, is changing the technology that powers it, moving away from Optimism’s OP stack, the toolkit it was originally launched on. In a blog post titled “The Next Chapter for Base,” the team announced plans to take more control over its own code and infrastructure. Instead of relying on multiple
Base Moves Away from Optimism’s ‘OP Stack’ in Major Technology Shift Read More »
Ethereum has crossed a symbolic threshold, with more than half of the total issued ether (ETH) now held in its proof-of-stake (PoS) contract for the first time in the network’s 11-year history, Santiment said in an article on X that drew criticism. The on-chain analytics firm said Tuesday that 50.18% of all historically minted ETH
Santiment’s 50% Ethereum staking figure draws criticism from researchers Read More »
PALM BEACH, Fla. — Prediction markets are beginning to play a role in shaping traditional financial markets, New York Stock Exchange Chairman Lynn Martin said Wednesday at the World Liberty forum in Palm Beach. “It was very clear to us… that prediction markets [were being used] as a contribution to traditional markets,” she said at
What Happens on Prediction Platforms Can Drive Traditional Markets, Says NYSE Chief Read More »
Hyperliquid (HYPE), a blockchain-based exchange that processed more than $250 billion in perpetual futures transactions last month, has launched a U.S. lobbying and research arm aimed at shaping how lawmakers regulate decentralized finance (DeFi). The Hyperliquid Policy Center, a nonprofit organization based in Washington, D.C., will focus on regulatory frameworks for decentralized exchanges, perpetual futures
