Category: crypto

The White House launched a smartphone app providing users with administration updates, social posts, photos, and policy pages related to President Donald Trump’s second term. The app offers breaking news alerts, live video, media library, and direct feedback tools. Users can submit tips to ICE and view affordability and border-focused messages.

Firelight is developing an on-chain protection layer backed by staked XRP to address security concerns in DeFi projects. The protocol has surpassed 50 million staked XRP and plans to cover smart contracts, bridges, oracles, and economic failures in Q2. Exploit losses in Q1 exceeded $137 million, leading to increased demand for on-chain protection.

The top trending stories this week included politics, market stress, geopolitics, memecoin chatter, and yield-focused positioning. David Sacks transitioned to a broader advisory role, risk-off selling dominated market discussions, geopolitics and AI security concerns were in focus, and traders engaged in memecoin hype and cash strategies to manage uncertainty.

Senator Elizabeth Warren has requested records from the US Commerce Department regarding Bitmain, a Chinese company that produces Bitcoin mining equipment, in response to security concerns. Previous investigations have looked into potential espionage risks and disruptions to critical infrastructure. The request also includes inquiries into Bitmain’s contacts with Commerce officials and Trump family members. Warren’s…

Bitcoin fell from $72,000 to $65,500 in 48 hours, with the wider crypto market declining. Ethereum dropped below $2,000, Binance Coin hovered near $610, and XRP remained below $1.35. SIREN surged over 100% while the overall crypto market lost $60 billion. Bitcoin struggled to break above $72,000 throughout the week.

Pi Network has begun the second phase of its migration with Protocol 21 upgrade, requiring mainnet node operators to update before April 6. This update aims to add smart contracts and DeFi tools in future upgrades. The network is focused on stability and efficiency, with further updates planned for April and May.

Retail investors are showing strong interest in Strategy’s “Stretch” preferred shares, which are used to fund Bitcoin purchases. The shares offer lower volatility Bitcoin exposure with steady yields, attracting over $1 billion in investment. Strategy executives state that retail investors now make up the majority of holders of these shares.

David Sacks has finished his term as the White House’s crypto and AI czar but will continue in a new advisory role focusing on technology policy. He will co-chair PCAST, shaping policy recommendations on AI and digital assets. This change allows him to advise on a wider range of technology issues while staying close to…

US Representative Maxine Waters asked the Federal Reserve Bank of Kansas City to explain why they approved Kraken Financial’s limited-purpose master account. Waters requested details on what services Kraken can access, restrictions, and safeguards for crypto firms accessing the US payment system. She also raised concerns about transparency and consistency in the approval process.

A US federal judge in San Francisco has temporarily blocked the Pentagon from taking action against Anthropic, an AI company, providing short-term relief in its dispute with the Trump administration. The ruling prevents the enforcement of a stop-use order against Anthropic’s chatbot, Claude, while the case progresses. Anthropic has challenged the government’s labeling as a…