Category: crypto

Perplexity AI CEO Aravind Srinivas hinted at integrating crypto into the platform, sparking speculation in the industry. The company may introduce crypto payments or AI tools for assessing digital assets. Additionally, DeepSeek AI’s incorporation into Perplexity’s offerings has raised concerns about data security, which Srinivas addressed by ensuring user data remains protected.

Crypto bettors on Polymarket predict an 87% chance of the SEC approving a Litecoin-based ETF this year. The SEC is currently in a public comment phase for the proposed Canary Litecoin ETF, with a decision expected within 45-90 days. Approval would mark a significant milestone for altcoin ETFs and has led to a rally in…

Gemini has decided to stop hiring MIT graduates and interns due to the university’s renewed association with former SEC Chair Gary Gensler. The Winklevoss brothers criticized MIT’s decision to bring back Gensler, citing his history of regulatory actions against the crypto industry. This move aligns with growing discontent in the crypto space.

Polymarket crypto bettors predict an 87% chance of the SEC approving a Litecoin-based ETF this year. The SEC initiated a public comment phase for the proposed Canary Litecoin ETF, with a 21-day feedback period. This marks a potential shift in the SEC’s approach to crypto investments. Litecoin’s price and network activity have increased due to…

Robinhood CEO Vlad Tenev warns that the US could lose its competitive edge in financial markets without clear rules for tokenized securities. He argues that blockchain-based financial assets could provide more investment opportunities for retail investors. Tenev calls for a regulated framework for tokenized securities and updates to the SEC’s accredited investor rule. Industry leaders…

A user made nearly 18,000 tokens on Pump.Fun’s memecoin launchpad, earning $3.8 million in profits. Coinbase Director Conor Grogan highlighted the user’s strategy of creating tokens manually, not with bots. Another user, Artemis, shared a similar tactic on Base, profiting $600,000 and stealing 177.39 ETH from 9,256 users. Rug pulls like these are becoming normalized…

Digital Currency Group (DCG) has launched a new subsidiary called Fortitude Mining to diversify exposure to high-growth crypto assets beyond Bitcoin. Led by CEO Andrea Childs, the company aims to pioneer a venture-driven approach to crypto mining and capitalize on the rapid growth of Proof-of-Work networks. This strategic shift reflects broader trends in the industry…

Coinbase added high-profile advisors, including former US Senator Kyrsten Sinema and Chris LaCivita. Regulatory and legal tailwinds in the US have favored the crypto industry, with Trump nominating pro-crypto individuals to key roles in regulatory agencies. Coinbase also scored legal victories against the SEC in January.

Crypto.com gained market share in the centralized crypto exchange market in 2024, while Binance and OKX saw declines. Binance, Bybit, and Coinbase led in spot trading volume in December. Centralized exchanges had record annual trading volume of $75.8 trillion. Derivatives markets dominated trading, with institutional adoption growing.

Federal Reserve Chair Jerome Powell stated that banks can serve with crypto if they manage risks effectively. He emphasized the Fed’s openness to financial innovation and addressed concerns about crypto firms accessing banking services. Powell’s speech led to optimism in the market, with Bitcoin rebounding in price. The Fed is examining the relationship between banks…