Bitwise CIO Matt Hougan weighed in on the Securities and Exchange Commission (SEC) Chair’s recent speech announcing the regulator’s new initiative to develop the digital crypto industry. Project Crypto, The ‘Most Bullish’ Document On Tuesday, Bitwise CIO Matt Hougan discussed the SEC Chair’s recent speech, titled “American Leadership in the Digital Finance Revolution.” In a…
TL;DR Shiba Inu is introducing its first-ever democratic process to appoint an interim president through a multi-phase election involving open nominations, debates, and final voting. Lead developer Shytoshi Kusama announced a shift toward community-led governance, encouraging SHIB whales to run for the position. The Elections Earlier this month, the popular meme coin project Shiba Inu…
China’s Ministry of State Security (MSS) has raised alarms over a foreign company’s (likely Worldcoin) collection of biometric data from users in exchange for cryptocurrency rewards, calling the practice a potential threat to both individual privacy and national security. The warning, published Wednesday on the agency’s official WeChat account, pointed to documented cases of large-scale…
Former Binance CEO Changpeng “CZ” Zhao has moved to shake off a $1.76 billion clawback bid from the now-bankrupt FTX trust. It’s a bold opening move. Based on reports, he argues the case should never have landed in a Delaware court. Challenge To Delaware Jurisdiction According to a report, Zhao insists he lives in the…
Verb Technology (Nasdaq: VERB) has raised $558 million through an oversubscribed private placement to transition into TON Strategy Co. (TSC), the first publicly listed firm to adopt Toncoin (TON) as its primary treasury reserve asset. The deal, priced at $9.51 per share, attracted over 110 institutional and crypto-native investors, including Kingsway Capital, Blockchain.com, and Ribbit…
In what could mark a significant advancement for the cryptocurrency industry, the US Securities and Exchange Commission (SEC) has issued new guidance regarding liquid staking activities. This development follows a concerted effort by industry leaders, including Jito Labs, Bitwise Asset Management, Multicoin Capital, VanEck, and the Solana Institute, who recently urged the SEC to allow…
One of the leading decentralized exchanges received words of encouragement from a prominent figure in the crypto space. Even though the project’s results are significant, it can’t seem to return to its prior feats, and there are growing concerns about governance. More Room to Grow Matt Hougan, Chief Investment Officer at Bitwise, the largest provider of…
Changpeng Zhao (CZ) has filed a motion to dismiss a $1.76 billion lawsuit brought against him by the FTX bankruptcy trust. He says the court has no legal authority over him because he lives in the United Arab Emirates (UAE). CZ’s Defence According to a Bloomberg report, his legal team submitted the motion on Monday…
Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced EIP-7999, a proposal to overhaul the network’s fee structure by unifying multiple resource costs under a single maximum fee. The move aims to simplify transaction pricing while improving capital efficiency, addressing long-standing concerns about Ethereum’s complex fee market design. A Unified Approach to Ethereum’s Fee…
TL;DR SEI trades near support as price drops 9% this week; volume stays above $200 million. Analyst compares SEI to SUI’s pre-rally setup, forecasting a sharp move toward $4 soon. Futures market heats up near $0.30 while Sei network TVL climbs to $604 million. SEI Declines After Pullback, Now Trading Below $0.29 Sei (SEI) is…