Category: crypto
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Binance founder Changpeng Zhao ‘CZ’ leads crypto community donations for deadly SEA earthquake
A devastating 7.7-magnitude earthquake hit Myanmar and Thailand, causing over 1,700 fatalities and thousands injured. Binance co-founder Changpeng Zhao pledged 1,000 BNB tokens, valued at $630,000, split between the two countries for disaster relief. Cryptocurrency donations are playing a significant role in providing rapid and transparent financial aid during crises.
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Next-gen interoperability arrives for Cosmos and Ethereum
The Cosmos ecosystem is upgrading its Inter-Blockchain Communication (IBC) protocol with IBC Eureka, enabling faster transactions and improved security. The first transaction between Cosmos Hub and Ethereum was successful, with potential implications for web3 development. This upgrade aims to lower technical barriers for developers and enhance cross-chain applications in DeFi.
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U.K. officials have frozen nearly $7.7M worth of illicit crypto assets in one year
U.K. authorities have frozen $7.7 million worth of illicit crypto assets since April 2024. Cryptocurrencies are popular among criminals for money laundering and terrorism financing. The U.K. granted special powers to freeze, seize, and destroy crypto assets linked to crimes. Challenges include freezing foreign nationals’ wallets and lack of understanding of crypto technology.
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OpenAI’s strategy to keep American AI competitive
Ahmad Shadid, Founder of O.xyz, discusses OpenAI’s “AI Action Plan” aimed at maintaining America’s dominance in AI against China’s expansion. The plan includes easing regulations, increasing federal investment, and collaborating with industry for advanced AI infrastructure. The goal is to protect national security and economic competitiveness while countering China’s DeepSeek initiative.
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Is the altcoin market in even deeper trouble?
The crypto market has seen oversaturation and speculation fatigue with NFTs and memecoins due to AI-powered image generators and trading bots. AI is now being used in blockchain coding, potentially distorting developer activity metrics and leading to the creation of low-utility tokens. However, AI can also be used to filter out weak projects and increase…
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Fidelity says Bitcoin could potentially overtake gold, echoing Saylor’s absorption theory
Fidelity Investments director Jurrien Timmer believes Bitcoin may surpass gold in market value in the next 10-20 years if it follows certain growth models. Despite recent price struggles, major institutions like Fidelity and BlackRock continue to invest in Bitcoin. Michael Saylor predicts Bitcoin’s market cap could reach $500 trillion by replacing traditional assets.
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What the industry must learn from the largest Bybit hack
Michael Egorov, Founder of Curve Finance, discusses the recent $1.5 billion Bybit hack, highlighting the vulnerability of centralized exchanges. He emphasizes the need for security upgrades and suggests user-controlled wallets with oversight layers. Implementing AI tools and self-hosted Web UIs could enhance security measures, but significant upgrades are necessary to combat growing risks.
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FDIC says banks can engage in crypto activities without prior approval
The FDIC issued new guidance allowing banks to engage in crypto-related activities without prior approval, provided they manage risks appropriately. This marks a policy shift and reflects efforts to reset the agency’s approach to financial innovation. The decision has been praised for promoting innovation and adoption in the crypto industry.
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French state-owned bank commits another $25 million to digital asset investment fund
French public investment bank Bpifrance is accelerating its digital asset investment strategy by committing up to €25 million to support French blockchain companies through direct investments in crypto tokens. This move highlights France’s ambitions to lead in emerging technologies and strengthen the French blockchain ecosystem. The bank has been supporting the French blockchain landscape for…
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Protocols must prove demand as stablecoin liquidity per token falls 99%
The average stablecoin liquidity per token has dropped significantly from $1.8 million in 2021 to just $5,500 in March 2025, prompting protocols to demonstrate reasons for investors to hold. Rising token issuance has diluted available capital without increased demand, leading to lower liquidity, weaker communities, and diminished engagement. Investment in revenue generation and transparent operations…