Category: crypto

Prediction market traders decreased the chances of a presidential pardon for former FTX CEO Sam Bankman-Fried after his parents defended him on CNN. Polymarket and Kalshi lowered the odds, with his parents arguing that Alameda Research did not misuse customer funds. Despite their efforts, a pardon still seems unlikely in 2026.

The European Central Bank found that the governance of top DeFi protocols like Aave, MakerDAO, Ampleforth, and Uniswap is more centralized than claimed, with top holders controlling over 80% of governance tokens. This could jeopardize their regulatory status under the EU’s MiCA regime, potentially subjecting them to compliance requirements.

Backpack CEO Armani Ferrante denies selling BP tokens over-the-counter to cash out, addressing rumors as “FUD.” He acknowledges mistakes in the handling of “witch hunt” Sybil cases, promising re-evaluations and appeals. Despite short-term market fluctuations, Ferrante emphasizes long-term product-market fit, compliance, and transparency as key metrics for Backpack’s value.

Solana meme coin WhiteWhale crashed 50% after founder left due to family pressure and “pump the price” demands, locking $13m in tokens. Market cap now $12m with $5.4m 24-hour trading volume. Founder moved 500m tokens to non-spendable address. Solana meme ecosystem facing challenges with many projects abandoned.

Coinbase CEO Brian Armstrong accuses big banks of undermining President Trump’s crypto agenda by pushing for a ban on yield for stablecoins. The fight is over whether platforms like Coinbase can share Treasury returns with users. Banks warn of losing deposits to crypto, while Coinbase defends its $1.35 billion stablecoin revenue.

Bitget CEO Gracy Chen discusses the $1 trillion US stock wipeout, attributing it to a global macro risk reset. Bitcoin’s lower leverage hints at its transition to a neutral portfolio allocation rather than a high-risk investment. Despite volatility, Bitcoin’s behavior is seen as more robust amid market stress due to decreased leverage and increased institutional…

Bitcoin’s price fell below $66,000, the lowest in a month, as David Sacks steps down as White House crypto czar. His departure raises concerns about the future of digital asset policy. Over $500 million in leveraged crypto bets were liquidated, signaling a setback in the market. Geopolitical tensions and macroeconomic factors also contribute to market…

Tazapay raised $36 million in Series B funding to expand cross-border payment infrastructure and licensing globally, with Circle Ventures leading the extension. The company serves over 1,000 enterprises and fintechs in 30 countries, focusing on faster, cheaper, and regulated payments. The funding will support digital settlement technology and expansion in various regions.

Better Home & Finance and Coinbase are collaborating on a new mortgage product that would allow homebuyers to use their crypto holdings as collateral, combining a standard mortgage with a separate crypto-backed loan. This would be a departure from current Fannie Mae rules that require crypto to be converted into dollars. The product would involve…

Benji Taylor has been appointed as the head of design at X in preparation for the public launch of X Money. Taylor has experience in crypto wallets, DeFi, and consumer apps, and will work closely with Elon Musk and the team. X Money will offer wallet services, peer payments, and a debit card.