Cardano’s core development team, Input Output Global (IOG), has secured the green light from the community to receive 96 million ADA, worth approximately $71 million, to support a year-long series of upgrades. Key Takeaways: Cardano’s community approved 96M ADA in milestone-based funding for core development. Oversight will include monthly reports, smart contracts, and governance by…
With inflation nibbling away at savings and stocks delivering modest returns, many investors are looking elsewhere. A $500 investment in the S&P 500, for example, could earn just $50 a year if the average 10% return holds up. For those willing to accept more risk, cryptocurrency continues to draw interest—especially XRP, which is now being…
Spot Bitcoin ETFs recorded $812.25 million in net outflows on Friday, marking the second-largest single-day exodus in the history of these products. Key Takeaways: Bitcoin ETFs saw $812M in outflows on Friday, marking the second-largest single-day loss on record. Ether ETFs ended a 20-day inflow streak with $152M in redemptions. Institutional appetite for Ethereum appears…
A massive Bitcoin theft from 2020 has surfaced nearly four years later, and it’s now being called the largest crypto heist ever uncovered. Key Takeaways: Arkham has revealed an undisclosed 2020 hack of 127,426 BTC from Chinese mining pool LuBian. The attack exploited weaknesses in LuBian’s private key system, with over 90% of its BTC…
The crypto industry has donated over $26 million to Donald Trump this year, according to newly released campaign finance filings. Key Takeaways: The crypto industry has donated over $26 million to Trump’s campaign in 2024. Major contributors include Blockchain.com, Gemini, Andreessen Horowitz, and Paradigm. Trump’s pro-crypto policies have raised support, alongside concerns over potential conflicts…
Nasdaq-listed Mill City Ventures III is looking to raise up to $500 million through a new equity agreement to expand its Sui token treasury. Key Takeaways: Mill City plans to raise $500M to expand its SUI token treasury after a $450M initial investment. The stock dropped over 11% following the announcement, despite being up 165%…
U.S. stock markets saw a staggering wipeout, losing over $1 trillion in market value as soaring inflation and sweeping new trade tariffs triggered widespread investor panic. The Dow plunged 1.2%, the S&P 500 slid 1.6%, and the Nasdaq dropped 2.2%, contributing to the multi-hundred-billion-dollar decline across equities. Against this backdrop, Bitcoin also came under pressure—dipping…
The crypto market enters August 2025 with mixed interpretations about whether an altcoin season is taking shape. While Bitcoin remains near its recent highs, some traders are shifting attention toward projects like Tron, Sui, and Pi Coin. Each shows contrasting price action and sentiment, making them part of the debate over the durability of the…
Andreessen Horowitz (a16z) is urging U.S. lawmakers to revisit and revise a draft crypto regulation bill, warning that the current proposal could open legal loopholes and weaken investor protections. Key Takeaways: a16z warns the draft crypto bill creates legal loopholes around ancillary assets. The firm says redefining securities could weaken protections and contradict the Howey…
Coinbase is accusing the Federal Deposit Insurance Corporation (FDIC) of stonewalling court orders and obstructing efforts to expose documents tied to the alleged “Operation Chokepoint 2.0,” according to new filings in federal court. Key Takeaways: Coinbase claims the FDIC is obstructing court-ordered disclosures tied to crypto regulation. At issue are alleged “pause letters” pressuring banks…