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DeFi Captures 5x Fee of Blockchains, Value Drifts to Front-End Apps
Revenue in the crypto industry is increasingly flowing to user-facing applications rather than the underlying blockchain networks, according to recent data, signaling a potential shift in where investors and developers focus their…
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Trove Investors Seek Refunds After Perps Pivot to Solana
Trove Markets, which is building a decentralized perpetual exchange for collectibles, is under fire for pivoting to Solana after raising over $11.5 million tied to a token sale for an integration on Hyperliquid, prompting some backers to…
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CLARITY Act Fight Over Dollar Yield and DeFi Liquidity
Since missing its Jan. 15 markup date and being pushed to the end of the month, the Digital Asset Market Clarity (CLARITY) Act is becoming a proxy fight over who gets to intermediate US dollar yield onchain — open decentralized finance…
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Bitcoin Above $95K, US Lawmakers Delay CLARITY Act
Cryptocurrency markets posted a broad recovery this week, led by gains in major coins, even as investor attention remained focused on the uncertainty of pending US crypto legislation.Bitcoin (BTC) rose over 5% during the past week to top…
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This American Burger Chain Just Bought Bitcoin Again
Steak ‘n Shake has purchased $10 million in Bitcoin, marking a significant escalation in its strategy to transform fast-food revenues into a corporate cryptocurrency treasury. The acquisition marks the latest phase of the 90-year-old…
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CLARITY Act ‘Has a Long Way to Go‘
David Solomon, CEO of banking giant Goldman Sachs, has weighed in on the pending digital asset market structure legislation, action on which was recently postponed by the US Senate Banking Committee.In a Thursday earnings call discussing…
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DeFi Leaders Voice Concerns amid Market Structure Bill‘s Uncertain Future
With a markup of the Digital Asset Market Clarity Act (CLARITY) in the US Senate Banking Committee postponed indefinitely, leaders in decentralized finance are using the delay to press lawmakers on concerns with the bill.Before Republican…
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Korea University Blockchain Institute Partners With Injective as Validator in Global Ecosystem
Korea University’s Blockchain Research Institute has partnered with Injective, joining its global ecosystem as a validator to strengthen ties between academia and the blockchain industry. Validator Participation and Network Security Korea…
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DeFi Protocols Move Away From Discord as Scam Risks Rise
Decentralized finance (DeFi) protocols are abandoning public Discord servers, arguing that the platform has become more of a liability than a community hub. The shift drew attention on Wednesday after DeFi lending protocol Morpho said it…
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BitMine Invests $200M In MrBeast’s Beast Industries
BitMine Immersion Technology has agreed to invest $200 million in Beast Industries, the entertainment company founded by YouTube star Jimmy Donaldson, better known as MrBeast, in a deal that marks one of BitMine’s largest non-core equity…
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