As controversy swirled around the Ethereum Foundation (EF) this winter, one of Ethereum’s most respected architects was quietly plotting his next move. Danny Ryan—a key visionary behind Ethereum’s most ambitious upgrade, “The Merge”—left the EF in September but entered talks a few months later to rejoin the organization as its new leader. “I was in … Read more
EMB: March 12, 16:00 UTC Modular blockchain Hemi Labs’ unveiled its mainnet with $440 million in total value locked (TVL). Hemi, founded by early Bitcoin developer Jeff Garzik, plans to unify Bitcoin and Ethereum, the two oldest and largest blockchains, into “a single supernetwork,” according to an emailed announcement. Hemi is built on both Bitcoin … Read more
Bolivia’s state energy company YBFB will use cryptocurrency to pay for energy imports, according to a Reuters report. YBFB hopes that using crypto will be a direct solution to the nation’s shortage in U.S. dollars and foreign currency reserves. The shortage comes alongside a fuel crisis spurred by a lack of natural gas exports, which … Read more
Until the new presidential administration took office, the digital asset industry was embroiled in an existential showdown with the U.S. Securities and Exchange Commission. For years, the SEC waged a scorched-earth regulation-by-enforcement campaign against the digital asset industry and its most-used platforms for failing to adhere to confusing — or non-existent — rules about what … Read more
The U.S. Treasury market is experiencing its highest volatility in four months, potentially jeopardizing an expected bitcoin (BTC) price recovery. U.S. inflation data for February came in softer-than-expected, strengthening the case for Federal Reserve interest-rate cuts. The reading encouraged some analysts to forecast a bitcoin price recovery to $90,000 and higher. It’s currently around $82,000. … Read more
Crypto exchange giant Binance said on Wednesday that Abu Dhabi-based investment firm MGX invested $2 billion in the company. The investment marks the first institutional placement in the exchange and it’s also the first digital asset-focused investment for MGX, according to a press release. The investment was made in stablecoins, the statement noted, though it … Read more
Crypto markets have recently dropped to their lowest prices in three months, reversing most of the gains following Trump’s U.S. presidential victory. Bitcoin had been holding up relatively well until the $92,000 level, which had been holding as support since November 2024, was broken. The price then rapidly fell to $80,000, where it found support. … Read more
Many investors dismiss BNB as simply “the Binance coin,” but that designation fails to recognize its broader value unlocks. While BNB was initially launched as the native token of the Binance Chain (now the BNB Smart Chain), and its early token burns were tied to Binance’s quarterly profits, BNB is evolving into a decentralized asset … Read more
Inflation in the U.S. softened more than expected in February, putting Federal Reserve rate cuts firmly back in the plan as spring and summer approach. The Consumer Price Index rose 0.2% in February, according to a report from the Bureau of Labor Statistics on Wednesday morning. Expectations were for 0.3% and January’s pace was 0.5%. … Read more
The liquidation of an over $200 million long trade on ether (ETH) lead to a $4 million loss for Hyperliquid, where the “whale” placed the bet. The liquidation saw wallet ‘0xf3f4’ opening a highly leveraged 50x long ETH position, depositing $4.3 million USDC as margin for a total size of 113,000 ETH. The wallet then … Read more
