Category: crypto

Hut 8 has partnered with Eric Trump and Donald Trump Jr. to launch American Bitcoin, focused on industrial-scale Bitcoin mining and strategic reserve development. The Trump family has invested in the venture, with Eric Trump as Chief Strategy Officer. The initiative aims to be the world’s largest and most efficient Bitcoin miner.

Dogecoin’s price dropped 6% in the last 24 hours, while Bitcoin and Ethereum saw smaller declines. Elon Musk clarified that Dogecoin will not be used by the US government, despite speculation. Dogecoin’s weak performance contrasts with growing institutional interest and potential ETF launches. Musk’s influence on Dogecoin’s price has decreased.

CoinShares data shows continued inflows into digital asset investment products, with Bitcoin attracting the most activity. Altcoin ETPs also saw net inflows for the first time in five weeks, led by Ethereum, Solana, XRP, and Sui. Regional participation was strong in the U.S. and Europe, with minor outflows in Hong Kong and Brazil. Despite the…

Bitcoin is trading around $81,800, down 1.98% in the past 24 hours and over 7% from its recent peak. The market decline has led to $220 million in liquidated positions. Market uncertainty due to macroeconomic stress and tariff fears has resulted in lower demand and investor hesitation, impacting both crypto and traditional markets. The upcoming…

The traditional crypto VC investing model has failed, leading to a grim landscape for Crypto VCs. Factors like regulatory uncertainty and the rise of institutional capital inflows have diverted funds away from VC firms. VCs are now shifting towards mindshare-led investments to stay profitable in a rapidly changing market.

Justin Banon, Founder of Boson Protocol, discusses the upcoming technological disruption in the luxury industry. AI agents and decentralized commerce will transform how luxury goods are discovered, authenticated, and traded. This shift will make luxury more accessible and efficient while maintaining exclusivity. Brands must adapt to this change to thrive in the future.

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.

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.

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.

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.