Category: crypto

The Ethereum Foundation has deployed 3,400 ETH into Morpho Vaults, part of its move towards active DeFi treasury management instead of selling ETH. This signals confidence in Ethereum’s DeFi stack, with Morpho’s TVL near $5.8B. The move follows a strategic shift in early 2025 to use DeFi platforms to generate yield.

Vanity Fair’s cover story on “crypto true believers” has sparked backlash in the industry, with many feeling that the imagery and prose are mocking. The article highlights the struggle of the cryptocurrency sector to gain mainstream respect without losing its original anti-establishment spirit. The controversy raises questions about the industry’s pursuit of institutional approval and…

A recent survey by Coinbase and EY found that 74% of institutions expect crypto prices to rise and 73% plan to increase their allocations. Stablecoins and tokenisation are driving the next wave of interest. Regulatory clarity is seen as a key obstacle, with the GENIUS Act expected to enhance institutional participation in the stablecoin market.

A pseudonymous trader named Jason has a 2,281 BTC short position on Binance, currently in a $4.2 million profit. This adds to a history of well-timed trades, including a $58.89 million loss. Jason’s latest move coincides with Bitcoin’s decline due to geopolitical tensions and economic data, sparking debate among analysts.

The Federal Reserve is expected to keep interest rates steady due to high inflation and rising oil prices, with potential implications for Bitcoin. A neutral hold is anticipated, but a hawkish stance could lead to a sell-off in risk assets. Bitcoin could face liquidity risks and a possible drop in value.

Oil prices have surged above $100 per barrel due to the blockade in the Strait of Hormuz, impacting global supply. The U.S. has issued a Jones Act waiver to allow foreign tankers to transport fuel between American ports. This has led to inflation concerns, affecting Fed cuts and risk appetite in the crypto market.

FINTRAC revoked registrations of 23 crypto MSBs for failing to meet AML requirements. This follows Finance Minister Champagne’s order to crack down on illicit finance. Ottawa aims to enforce compliance with anti-money laundering laws, as seen in a record fine against Cryptomus. Canada’s strict AML regulations apply to all virtual currency businesses.

A Chinese hacker group disguised as a cybersecurity firm reportedly stole $7 million in digital assets through supply-chain attacks on Trust Wallet and other clients. An internal dispute led to a whistleblower leak, exposing the operation. Authorities have not confirmed the allegations, highlighting the importance of secure wallet practices and supply-chain auditing.

U.S. stocks opened higher on Tuesday, with the Dow, S&P 500, and Nasdaq all rising. Crypto-linked stocks like Coinbase and MicroStrategy are trading more like volatile proxies of Bitcoin rather than based on their own fundamentals. The market remains optimistic despite the lack of a significant breakout in Bitcoin.

Tether’s QVAC Fabric incorporates BitNet LoRA to optimize and operate multi-billion-parameter AI models on consumer GPUs and top-of-the-line smartphones, advancing on-device AI capabilities significantly. This move aligns with Tether’s shift towards infrastructure development, offering open-source tools for developers to leverage and reducing reliance on centralized cloud services in the AI space.