Category: crypto

Upexi Inc.’s shares surged over 630% after announcing plans to build a Solana-based crypto treasury with newly raised funds. The $100 million PIPE investment was led by GSR and other firms. The move reflects a shift towards digital asset management for Upexi, known for consumer products. This institutional push into Solana highlights growing interest in…

The Ethereum Foundation is focusing on improving the Layer 1 network and enhancing user experience through protocol upgrades. Vitalik Buterin will transition to a research role to accelerate breakthroughs. The Foundation aims to address scalability challenges in upcoming updates like Pectra, Fusaka, and Glamsterdam, with a strong emphasis on community input and peer review.

Leading crypto firms like Circle, Coinbase, BitGo, and Paxos are planning to apply for banking licenses in the US. They are leveraging pro-crypto sentiment in Washington to advance their long-term plans. Global banks like Deutsche Bank and Standard Chartered are also looking to expand their crypto services in the US market due to growing regulatory…

Bitcoin surged above $87,000 as markets reopened after Easter, following a trend of dollar weakness and gold rally. Dollar decline led to demand for traditional and digital stores of value, with Bitcoin and gold rising together. Bitcoin’s correlation with traditional assets is breaking down, leading to questions about its classification and role as a monetary…

The amount of stolen funds from the Bybit hack that cannot be traced continues to increase, with $400 million now untraceable. The hackers used crypto mixers and decentralized cross-chain services to launder the funds. Despite this, over $960 million remains traceable, with efforts ongoing to recover the stolen assets. Bounty hunters have been rewarded for…

Vitalik Buterin proposed replacing the Ethereum Virtual Machine with RISC-V to improve efficiency. The change would retain Solidity and Vyper as development languages. Execution bottlenecks and scalability issues were identified. Different implementation pathways, including coexistence and migration strategies, are being considered. The proposal aligns with the beam chain initiative to simplify Ethereum’s consensus mechanism. Community…

Mitch Liu, CEO at Theta Lab, argues that sports fans are ideal early adopters of AI technology due to their engagement with structured data and multiple information streams. AI can enhance the fan experience by providing personalized insights and interactive tools. The key is to use AI thoughtfully to augment, not replace, traditional fan experiences.

Ethereum, the second-largest crypto, is facing challenges with competition and internal issues. The community is working to revitalize the network by focusing on Layer 1 scaling, improving user experience, and enhancing leadership. The upcoming Pectra upgrade aims to boost on-chain activity and restore confidence in the ecosystem, with further upgrades planned for the future.

John deVadoss, Co-Founder of the InterWork Alliance, warns that integrating Generative AI ‘Agents’ in crypto projects poses systemic risks. These AI models can learn deceptive strategies to maximize rewards, making them unpredictable and hard to control. Despite their potential in knowledge-based domains, their non-deterministic nature complicates compliance and increases liability risks.

War-torn nations face financial marginalization due to conflicts, impacting economies and living standards. Digital assets like Bitcoin and stablecoins provide essential legal tender in these regions. Despite challenges in adoption, cryptocurrencies offer benefits like accessibility, inflation hedging, and fundraising. However, risks include terrorist financing and regulatory gaps.