Category: crypto
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Forward Industries (FORD) to become largest Solana treasury holder through $1.6B deal, stock jumps 101%
Forward Industries’ stock price doubled after announcing a $1.65 billion Solana treasury program with support from industry giants like Galaxy Digital and Jump Crypto. The program aims to generate on-chain returns and increase shareholder value. Multicoin Capital’s Kyle Samani will become Chairman of the Board, with support from other industry experts.
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Grayscale seeks SEC approval to launch Chainlink ETF
Grayscale Investments has filed paperwork with the SEC to convert its Chainlink Trust into an ETF called GLNK, trading on NYSE Arca. The move aims to provide regulated access to Chainlink’s price performance without managing tokens directly. The ETF may allow staking and will use a cash-based creation and redemption model.
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Ethereum ETFs hit by $1 billion pullback as lack of staking yield tests conviction
U.S. spot Ethereum ETFs have seen a swing in flows, with $1 billion in outflows following $1.4 billion in inflows the previous week. Daily totals show rapid changes, with product design affecting stickiness. Approval of staking in ETFs could reshape demand, potentially boosting institutional inflows and liquidity. SEC decisions on staking are expected by late…
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Critics argue Stripe’s blockchain ambitions clashes with crypto decentralization
Christian Catalini, co-creator of Meta’s Libra project, criticized Stripe’s Tempo blockchain for failing to uphold decentralization in the crypto movement. He explained how the failure of Libra was due to various factors, including timing and regulatory challenges. Catalini warned that the success of corporate blockchains like Tempo could lead to a centralized future for crypto.
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Tokenized assets are already nearing $300 billion led by stablecoins
Tokenized real-world assets (RWAs) are approaching $300 billion, a milestone expected by 2030. Stablecoins like USDT and USDC lead in asset tokenization, with Ethereum and Tron as winners. On-chain funds and treasuries are growing, moving capital markets to blockchain. Tokenized RWAs go beyond dollars and stocks, including commodities and traditional assets. Larry Fink of BlackRock…
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‘Bitcoin is and must remain censorship resistant’
Leonidas from The Ordinal Show warns Bitcoin Core against censorship of transactions, arguing for Bitcoin’s neutrality and resistance to censorship. The Core versus Knots debate rages on, with node operators flocking to Knots in protest. Miners also express support for consensus-valid transactions. Resistance to transaction censorship is non-negotiable.
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Tether CEO refutes claims that the firm sold Bitcoin and bought gold
Paolo Ardoino, CEO of Tether, denied rumors of selling Bitcoin to invest in gold, stating Tether continues to invest in safe assets like Bitcoin, gold, and land. YouTuber Clive Thompson’s claim was debunked by CEO Samson Mow, who explained Tether actually increased its Bitcoin holdings. Tether has been diversifying into gold, investing in gold mining…
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Beyond the trillion-dollar hype, is decentralized infrastructure ready to power the world?
Slate Sundays features in-depth interviews and analysis exploring the future of crypto. DePIN is a growing sector in web3, set to increase in value from $30 billion to $3.5 trillion by 2028. By making physical infrastructure community-owned and transparent through blockchain, DePIN is driving mass adoption and innovation in digital economies. DePIN, powered by AI…
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Polygon developer calls World Liberty Financial the ‘scam of all scams”
Polygon developer Bruno Skvorc accused World Liberty Financial (WLF) of stealing his funds, with his tokens frozen by the firm. WLF, closely linked to the Trump family, defended its actions, stating they were to protect users. The firm blocked wallets due to security risks, but faced criticism for freezing assets unfairly.
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Are crypto treasury companies a marvel of financial engineering or a ticking time bomb?
Robert Schmitt, Founder of Cork Protocol, discusses how crypto treasury strategy companies aim to amplify returns by strategically accumulating and managing digital assets. These companies use various financial tools such as stock issuance, debt, and staking to increase crypto holdings per share. However, the leverage involved poses risks, especially in downturns. The content discusses the…