In all likelihood, the move by the Sei Foundation – the organization behind layer1 blockchain Sei – to buy bankrupt genetic data company 23andMe is a long-shot at best, and potentially just a publicity stunt. But, it remains an incredibly exciting idea that has got a lot of people thinking. Were such a deal to … Read more
Bitcoin’s correction may just be getting started. In fact, the crypto sector as a whole could be facing a severe downtrend reminiscent of 2022. “I could see us going back to a five handle by the end of the year,” Quinn Thompson, founder of crypto hedge fund Lekker Capital, told CoinDesk in an interview. A … Read more
The first quarter of 2025 tells a clear story about DeFi’s evolution. While yields across major lending platforms have compressed significantly, innovation at the market’s edges demonstrates DeFi’s continued maturation and growth. The Great Yield Compression DeFi yields have declined sharply across all major lending platforms: The vaults.fyi USD benchmark has fallen below 3.1%, below … Read more
The U.S. Commodity Futures Trading Commission (CFTC) withdrew two pieces of crypto-related staff guidance on Friday, further streamlining its approach to crypto regulation. The first advisory rescinded on Friday was Staff Advisory No. 18-14, Advisory with Respect to Virtual Currency Derivative Product Listings. Originally published in May 2018, the advisory established guidelines for crypto-related derivatives, … Read more
Circle Internet Financial, the issuer of the USDC stablecoin, has reportedly hired investment banks JPMorgan Chase and Citi as the underwriters of a hoped-for IPO, Fortune reported. While timing is not yet totally decided, sources say Circle will publicly file its prospectus in late April, meaning a potential IPO perhaps prior to June. The company … Read more
A new artificial intelligence-infused blockchain with Andreseen Horowitz’s backing is “ultimately designed as a replacement for Bitcoin,” according to its co-founder Travis Good. The far-fetched claim is rooted in what Good prognosticates as unvarnished reality: Bitcoin’s encryption mechanisms are “getting really stale” and could be “completely obsolete within five years,” creating a business conundrum for … Read more
Brazil’s top financial policy body banned some pension funds from investing in cryptocurrencies because they are too risky. The National Monetary Council (CMN) forbade closed pension entities known as Entidades Fechadas de Previdência Complementar (EFPCs) from allocating any portion of their guarantee reserves into bitcoin (BTC) or other digital currencies. The EFPCs manage retirement savings … Read more
OKX chief legal officer Mauricio Beugelmans has left the cryptocurrency exchange, according to his Linkedin profile. Beugelmans, who has been instrumental in shaping OKX’s global compliance policy, states on his profile that his tenure lasted three years and eight months at the exchange, from August 2021 to March 2025. Just last month, OKX paid over … Read more
Still a big fan of digital assets, BlackRock CEO Larry Fink nevertheless said he’s not blind to the possible risks to the U.S. from Bitcoin’s (BTC) rise to prominence. “The U.S. has benefited from the dollar serving as the world’s reserve currency for decades,” said Fink in his annual letter to shareholders.But that’s not guaranteed … Read more
X2Y2, once a leading marketplace for non-fungible tokens (NFT) will shut on April 30, ending a three-year run that saw the exchange briefly trail only OpenSea in trading volume during the NFT boom of 2021. The decision comes as the broader NFT market continues to deflate. Trading volumes have dropped nearly 90% since their peak, … Read more
