Category: crypto

a16z crypto is focusing on a long-term investment strategy in the crypto sector, comparing the current market to the foundational phases of the internet and AI. Despite high-profile partners leaving, the firm is raising a new $2 billion fund. They believe in the long-term potential of blockchain technology and are investing in themes like stablecoins…

Ripple CEO Brad Garlinghouse believes stablecoins could become the primary way for businesses to enter the crypto sector, providing faster payment options. Bloomberg Intelligence predicts stablecoin flows could reach $56.6 trillion by 2030. Ripple’s RLUSD is the 10th largest stablecoin by market cap. Garlinghouse highlights the importance of U.S. regulation in driving stablecoin adoption.

US Senator Cynthia Lummis defended the Digital Asset Market Clarity Act against claims that it puts decentralized finance developers at legal risk. She stated that recent changes would provide strong protections for DeFi developers and criticized the criticism as outdated. Discussions in the Senate continue to revise the bill.

P2P.me traded on a Polymarket contract tied to its fundraising round before it launched, raising $5.2 million. The market resolved to “no” as it fell short of the $6 million target. US lawmakers and prediction platforms are tightening rules on insider trading concerns. Profits will go back to the MetaDAO treasury.

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.