Category: crypto

Russia’s Deputy Finance Minister Vladimir Kolychev has dismissed speculation about including cryptocurrencies in the country’s National Wealth Fund due to their high volatility. He emphasized the importance of stability in the fund’s investment structure and stated that crypto assets are unsuitable for the fund at this stage. Kolychev also mentioned that there are no plans…

Cardano founder Charles Hoskinson was not invited to the White House Crypto Summit despite ADA token’s inclusion in Trump’s proposed crypto reserve. Hoskinson downplayed the event’s significance, emphasizing the importance of legislative engagement for policy work. Despite his absence, key figures like Michael Saylor and Brian Armstrong will attend.

Argentine authorities are investigating the collapse of the Solana-based memecoin LIBRA, looking into potential money laundering and insider trading. Prosecutor Eduardo Taiano is tracing transactions and freezing assets to identify those who profited from the token’s rise and fall. President Milei’s endorsement of LIBRA has sparked controversy, with calls for his removal from office.

Kraken will begin the second phase of FTX creditor repayments on May 30. The repayment phase will cover claims below and above $50,000. FTX has unstaked a large amount of its Solana tokens this month. Users in certain countries have yet to receive any compensation.

Robinhood CEO Vlad Tenev believes blockchain technology will revolutionize stock trading, making markets more accessible and efficient. He highlights advantages such as 24/7 trading and faster settlement times. Regulatory uncertainty has hindered widespread adoption, but Tenev is optimistic about overcoming hurdles. He plans to advocate for clearer regulations at the White House Crypto Summit.

Bitwise filed an S-1 form with the SEC to launch an Aptos ETF, causing APT to surge 7%. The ETF’s NAV will be determined using a pricing benchmark and Coinbase will be the custodian. Bitwise previously launched an Aptos ETP in Switzerland. There is a trend of filing for crypto ETFs after Trump’s election.

BioNexus Gene Lab from Malaysia announced a treasury strategy prioritizing Ethereum over Bitcoin due to Ethereum’s inclusion in the US Crypto Strategic Reserve and its utility as a financial platform. The company aims to become the first Nasdaq-listed company with an Ethereum-exclusive treasury strategy. Wyoming’s blockchain-friendly regulations also influenced the decision.

Coinbase CEO Brian Armstrong expressed interest in tokenized securities amid changing regulations. He discussed potential advancements in tokenized assets and the possibility of bringing security tokens and international products to the US market. Despite regulatory challenges, Armstrong sees the potential for tokenized securities to gain traction in regulated markets.

Solana’s upcoming protocol changes aim to reduce selling pressure by reallocating transaction fees to validators, potentially increasing their revenue. However, these changes could also introduce new decentralization challenges, impacting validator sustainability. The proposed adjustments to inflation based on staking participation seek to balance token issuance with network security.

Despite a volatile week for Bitcoin, holders of AlphaBitcoin have remained profitable according to on-chain metrics. The rapid price swings of Bitcoin did not affect the long-term profitability of AlphaBitcoin holders.