▶️Crypto News & Updates
💠YZi Labs (fka Binance Labs) invests 'multi-8-figure' in Genius Trading
- with CZ joining as advisor
- Genius is building a privacy-focused, self-custodial trading terminal offering spot, perpetuals, and copy trading across more than 10 blockchains
💠Zama launching token sale at $55 million floor FDV
- via CoinList and own auction app
- The Zama Confidential Blockchain Protocol enables confidential smart contracts on top of any L1 or L2 using FHE
- Zama has previously raised $130 million in 2 funding rounds (as per cryptorank), though it is likely that the funding was not purely a token sale
💠Crypto Market Structure Bill Update
- U.S. Senate Banking Committee Chair Tim Scott released an updated bipartisan crypto market structure bill
- that would ban interest-like rewards for simply holding stablecoins while allowing incentives tied to user activity
- The new draft attempts to draw a clear policy line by permitting stablecoin rewards only when users transact, stake, provide liquidity, or post collateral rather than earn yield on idle balances
- Recommend you to dig into detail on this subject if it is of interest to you as headlines and even articles do not tell you all that you should know about topics of legislation
💠Polygon Labs buys two crypto startups for $250 million as it looks to compete with Stripe
- as per Fortune
- The deal for Coinme, its latest payments play, was for between $100 and $125 million
- which implies that the price for Sequence was somewhere between $125 and $150 million
- The Seattle-based Coinme, which specializes in converting cash into crypto and is known for its work with crypto ATMs, has a suite of money transmitter licenses in the U.S
- Toronto-based Sequence builds out blockchain infrastructure, including crypto wallets
💠YZi Labs (fka Binance Labs) invests 'multi-8-figure' in Genius Trading
- with CZ joining as advisor
- Genius is building a privacy-focused, self-custodial trading terminal offering spot, perpetuals, and copy trading across more than 10 blockchains
💠Zama launching token sale at $55 million floor FDV
- via CoinList and own auction app
- The Zama Confidential Blockchain Protocol enables confidential smart contracts on top of any L1 or L2 using FHE
- Zama has previously raised $130 million in 2 funding rounds (as per cryptorank), though it is likely that the funding was not purely a token sale
💠Crypto Market Structure Bill Update
- U.S. Senate Banking Committee Chair Tim Scott released an updated bipartisan crypto market structure bill
- that would ban interest-like rewards for simply holding stablecoins while allowing incentives tied to user activity
- The new draft attempts to draw a clear policy line by permitting stablecoin rewards only when users transact, stake, provide liquidity, or post collateral rather than earn yield on idle balances
- Recommend you to dig into detail on this subject if it is of interest to you as headlines and even articles do not tell you all that you should know about topics of legislation
💠Polygon Labs buys two crypto startups for $250 million as it looks to compete with Stripe
- as per Fortune
- The deal for Coinme, its latest payments play, was for between $100 and $125 million
- which implies that the price for Sequence was somewhere between $125 and $150 million
- The Seattle-based Coinme, which specializes in converting cash into crypto and is known for its work with crypto ATMs, has a suite of money transmitter licenses in the U.S
- Toronto-based Sequence builds out blockchain infrastructure, including crypto wallets
I am a bit afk so not posting news & updates. Will be back soon-ish.
Meanwhile, remember...
Alt season starts tomorrow 👍
Meanwhile, remember...
Alt season starts tomorrow 👍
👍1
▶️Crypto News & Updates
🔷Bitmine Immersion Technologies (BMNR) Announces $200 Million Investment in Beast Industries
- BMNR is the top Ethereum Treasury Company with Tom Lee as Chairman
- "We look forward to exploring ways to further collaborate and incorporate DeFi into our upcoming financial services platform." said the CEO of Beast Industries
🔷Paradigm leads $7.1 million seed round for attention market Noise
- Noise is building a prediction market-style platform where users can wager on whether social media topics today will continue to be relevant tomorrow, similar to “a stock market for trends.”
- The team is now preparing for a mainstream launch on Base, the Ethereum Layer 2 incubated by Coinbase
🔷X is revising its developer API policies to no longer allow apps that reward users for posting on the social media platform
- InfoFi players Kaito and Cookie announced they will sunset their respective platforms and are seeking ways to pivot
- $KAITO & $COOKIE dumped 25%+ from their recent highs
🔷On January 10, a victim lost more than $282 million worth of LTC and BTC in a hardware wallet social engineering scam
- according to ZachXBT
- The attacker then converted the stolen LTC and BTC into Monero via multiple instant exchanges
- briefly driving a sharp spike in XMR’s price
🔷BNB Foundation announced the completion of the 34th quarterly burn
- A total of 1.37m BNB was burned
- the total circulating supply of BNB has decreased to 136.36m (started from 200m at TGE)
🔷Sui Network experienced a prolonged disruption for approximately six hours
- due to an internal divergence in validator consensus processing causing a network stall
🔷Binance Wallet (Web) launches perpetual futures trading
- powered by Aster
🔷Metamask Wallet launched support for Justin Sun's Tron Network
🔷Bitmine Immersion Technologies (BMNR) Announces $200 Million Investment in Beast Industries
- BMNR is the top Ethereum Treasury Company with Tom Lee as Chairman
- "We look forward to exploring ways to further collaborate and incorporate DeFi into our upcoming financial services platform." said the CEO of Beast Industries
🔷Paradigm leads $7.1 million seed round for attention market Noise
- Noise is building a prediction market-style platform where users can wager on whether social media topics today will continue to be relevant tomorrow, similar to “a stock market for trends.”
- The team is now preparing for a mainstream launch on Base, the Ethereum Layer 2 incubated by Coinbase
🔷X is revising its developer API policies to no longer allow apps that reward users for posting on the social media platform
- InfoFi players Kaito and Cookie announced they will sunset their respective platforms and are seeking ways to pivot
- $KAITO & $COOKIE dumped 25%+ from their recent highs
🔷On January 10, a victim lost more than $282 million worth of LTC and BTC in a hardware wallet social engineering scam
- according to ZachXBT
- The attacker then converted the stolen LTC and BTC into Monero via multiple instant exchanges
- briefly driving a sharp spike in XMR’s price
🔷BNB Foundation announced the completion of the 34th quarterly burn
- A total of 1.37m BNB was burned
- the total circulating supply of BNB has decreased to 136.36m (started from 200m at TGE)
🔷Sui Network experienced a prolonged disruption for approximately six hours
- due to an internal divergence in validator consensus processing causing a network stall
🔷Binance Wallet (Web) launches perpetual futures trading
- powered by Aster
🔷Metamask Wallet launched support for Justin Sun's Tron Network
😁2
▶️Crypto News & Updates
🔷The New York Stock Exchange is developing a platform for trading and onchain settlement of tokenized U.S. equities and ETFs
- pending regulatory approval
- the platform will enable features including round-the-clock trading, fractional share purchases, orders sized in dollar amounts, immediate settlement using tokenized capital and stablecoin-based funding
🔷Paradex halted services after database tweaks triggered erroneous funding calculations, wiping out positions as prices glitched to zero
- announced rollback after the perp DEX users report mass liquidations
- team confirmed root cause identified; no funds lost
🔷Michael Saylor's Strategy has acquired 22,305 BTC for ~$2.13 billion at ~$95,284 per bitcoin
- now holds 709,715 $BTC acquired for ~$53.92 billion at ~$75,979 per bitcoin
🔷Tom Lee's BitMine acquired 35,268 ETH worth around ~$116M last week
- company now holds 4.203 million ETH valued at ~$13B
🔷Solana Mobile activated SKR airdrop today
- targeting over 100,000 Seeker users and 188 developers with 1.82 billion tokens based on engagement tiers
- SKR empowers holders to delegate for network security and elect "Guardians" to curate Seeker app store offerings, boosting Solana's mobile DeFi integration
- Total Supply of SKR: 10 billion, Current FDV: $110 million
🔷DeFi project Makina finance was exploited for $4-5 million
🔷The New York Stock Exchange is developing a platform for trading and onchain settlement of tokenized U.S. equities and ETFs
- pending regulatory approval
- the platform will enable features including round-the-clock trading, fractional share purchases, orders sized in dollar amounts, immediate settlement using tokenized capital and stablecoin-based funding
🔷Paradex halted services after database tweaks triggered erroneous funding calculations, wiping out positions as prices glitched to zero
- announced rollback after the perp DEX users report mass liquidations
- team confirmed root cause identified; no funds lost
🔷Michael Saylor's Strategy has acquired 22,305 BTC for ~$2.13 billion at ~$95,284 per bitcoin
- now holds 709,715 $BTC acquired for ~$53.92 billion at ~$75,979 per bitcoin
🔷Tom Lee's BitMine acquired 35,268 ETH worth around ~$116M last week
- company now holds 4.203 million ETH valued at ~$13B
🔷Solana Mobile activated SKR airdrop today
- targeting over 100,000 Seeker users and 188 developers with 1.82 billion tokens based on engagement tiers
- SKR empowers holders to delegate for network security and elect "Guardians" to curate Seeker app store offerings, boosting Solana's mobile DeFi integration
- Total Supply of SKR: 10 billion, Current FDV: $110 million
🔷DeFi project Makina finance was exploited for $4-5 million
Another $1B+ liquidations day 👌 👌 👌
it's been a while
it's been a while
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▶️Crypto News & Updates
🔷Novogratz's Galaxy Digital plans $100 million hedge fund with crypto focus
- Galaxy Digital has secured $100 million for a hedge fund launching in the first quarter
- will allocate up to 30% to crypto and 70% to financial services equities
🔷Trump Media (DJT on Nasdaq) is targeting Feb. 2 as its date of record
- for its upcoming rewards token to be distributed to beneficial company owners and shareholders
- Crypto.com will mint the digital tokens and retain custody of them “pending distribution.”
- announcement does not reveal much new information about the forthcoming token
- the token may unlock “benefits or discounts tied to Trump Media products,” it may not be transferable or exchanged for cash
🔷Decentralized social media infrastructure firm Neynar is acquiring Farcaster
- Neynar will "now maintain the Farcaster protocol, run the Farcaster clients and operate Clanker"
🔷Mask Network takes over Lens Protocol with goal to build 'products people actually use'
- Mask Network is also known for its support of Mastodon, another decentralized social ecosystem
🔷US fast-food chain Steak 'n Shake announced that starting March 1, it will provide Bitcoin bonuses to all hourly employees
- For every hour worked, employees will receive an additional $0.21 worth of Bitcoin
- employees are required to complete a two-year vesting period before they can collect these Bitcoins
- powered by Fold App
🔷Novogratz's Galaxy Digital plans $100 million hedge fund with crypto focus
- Galaxy Digital has secured $100 million for a hedge fund launching in the first quarter
- will allocate up to 30% to crypto and 70% to financial services equities
🔷Trump Media (DJT on Nasdaq) is targeting Feb. 2 as its date of record
- for its upcoming rewards token to be distributed to beneficial company owners and shareholders
- Crypto.com will mint the digital tokens and retain custody of them “pending distribution.”
- announcement does not reveal much new information about the forthcoming token
- the token may unlock “benefits or discounts tied to Trump Media products,” it may not be transferable or exchanged for cash
🔷Decentralized social media infrastructure firm Neynar is acquiring Farcaster
- Neynar will "now maintain the Farcaster protocol, run the Farcaster clients and operate Clanker"
🔷Mask Network takes over Lens Protocol with goal to build 'products people actually use'
- Mask Network is also known for its support of Mastodon, another decentralized social ecosystem
🔷US fast-food chain Steak 'n Shake announced that starting March 1, it will provide Bitcoin bonuses to all hourly employees
- For every hour worked, employees will receive an additional $0.21 worth of Bitcoin
- employees are required to complete a two-year vesting period before they can collect these Bitcoins
- powered by Fold App
People who were farming for farcaster airdrop are now farming for neynar airdrop 🎮
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😁1
▶️Crypto News & Updates
💠Ledger eyes $4B NYSE IPO after 2025 revenues hit triple-digit millions
- Ledger secures $480B+ in assets, including 30% of NFTs
💠Superstate raises $82.5 million Series B funding
- to expand onchain equity issuance infrastructure
- The company is scaling its Opening Bell platform and regulated market infrastructure to support direct onchain share issuance, settlement, and shareholder recordkeeping
💠YZi Labs (fka Binance Labs) has made a strategic investment in BitGo’s IPO
- did not disclose the size of its investment in the IPO
- For context, BitGo Holdings priced its IPO at $18 per share, above the marketed range of $15 to $17. The company sold 11.8 million shares to raise $212.8 million, giving it a valuation of approximately $2.08 billion
💠TIL there's a decentralized satellite internet project called 'Spacecoin'
- Spacecoin announced a strategic partnership and token swap with World Liberty Financial (WLFI)
- The collaboration aims to integrate DeFi with satellite internet connectivity, with WLFI utilizing its stablecoin, USD1, to provide payment and settlement services
💠Layer 1 protocol Saga paused its SagaEVM chain after a security exploit drained nearly $7 million
- the exploit involved a coordinated sequence of contract deployments, liquidity movements and cross-chain interactions that allowed the attacker to extract funds rapidly
💠Ondo Finance launched Ondo Global Markets on Solana
- tokenizing over 200 U.S. stocks, commodities and ETFs
- Ondo also listed tokenized version of BitGo's share on its NYSE debut day itself
- Just-in-time mint & redeem during market hours facility is available on Jupiter
💠Ledger eyes $4B NYSE IPO after 2025 revenues hit triple-digit millions
- Ledger secures $480B+ in assets, including 30% of NFTs
💠Superstate raises $82.5 million Series B funding
- to expand onchain equity issuance infrastructure
- The company is scaling its Opening Bell platform and regulated market infrastructure to support direct onchain share issuance, settlement, and shareholder recordkeeping
💠YZi Labs (fka Binance Labs) has made a strategic investment in BitGo’s IPO
- did not disclose the size of its investment in the IPO
- For context, BitGo Holdings priced its IPO at $18 per share, above the marketed range of $15 to $17. The company sold 11.8 million shares to raise $212.8 million, giving it a valuation of approximately $2.08 billion
💠TIL there's a decentralized satellite internet project called 'Spacecoin'
- Spacecoin announced a strategic partnership and token swap with World Liberty Financial (WLFI)
- The collaboration aims to integrate DeFi with satellite internet connectivity, with WLFI utilizing its stablecoin, USD1, to provide payment and settlement services
💠Layer 1 protocol Saga paused its SagaEVM chain after a security exploit drained nearly $7 million
- the exploit involved a coordinated sequence of contract deployments, liquidity movements and cross-chain interactions that allowed the attacker to extract funds rapidly
💠Ondo Finance launched Ondo Global Markets on Solana
- tokenizing over 200 U.S. stocks, commodities and ETFs
- Ondo also listed tokenized version of BitGo's share on its NYSE debut day itself
- Just-in-time mint & redeem during market hours facility is available on Jupiter
Deadlier Notes
a16z crypto has been buying tokens worth 8 & 9 figures recently. These are top names that did airdrops in last few years and their prices have suffered from the brutal state of liquidity in alts. So, a16z crypto seems to be buying up what appear to be locked…
This is/was worth keeping an eye on.
I remember buying $SOL at $30-35 in mid-2021 after a16z's announcement of 9 figure investment in it iirc.
Unique tech + competitive advantage + lack of hacks/exploits + actual product usage = pmf-powered growth story/narrative
LayerZero has good chance of performing well in the future.
a16z crypto has also been investing 8 figures in private token sales of multiple other projects. you can track those on cryptorank or any other website. and also track other successful crypto funds and maybe share your research with me in dm. thx.
private token sales make sense because gaining new & sticky users is challenging for new projects. same set of airdrop farmers are using these projects and abandoning most after airdrop and tge.
venture investments have moved a lot towards crypto equiities as there is broader lack of liquidity in the altcoin space and most projects are not performing well after tge.
all this has led to some quality tokens trading at valuations which are considered 'cheap' during bull markets. we call them 'gems'.
so, there might be a play here.
of course, none of this is financial advice.
I remember buying $SOL at $30-35 in mid-2021 after a16z's announcement of 9 figure investment in it iirc.
Unique tech + competitive advantage + lack of hacks/exploits + actual product usage = pmf-powered growth story/narrative
LayerZero has good chance of performing well in the future.
a16z crypto has also been investing 8 figures in private token sales of multiple other projects. you can track those on cryptorank or any other website. and also track other successful crypto funds and maybe share your research with me in dm. thx.
private token sales make sense because gaining new & sticky users is challenging for new projects. same set of airdrop farmers are using these projects and abandoning most after airdrop and tge.
venture investments have moved a lot towards crypto equiities as there is broader lack of liquidity in the altcoin space and most projects are not performing well after tge.
all this has led to some quality tokens trading at valuations which are considered 'cheap' during bull markets. we call them 'gems'.
so, there might be a play here.
of course, none of this is financial advice.
Today’s my last day in crypto
This industry’s a joke and I do not wish to continue
Selling whatever I got left and investing in some irl business
To everyone who’s supported me through the years: I love you
Take care y’all!
This industry’s a joke and I do not wish to continue
Selling whatever I got left and investing in some irl business
To everyone who’s supported me through the years: I love you
Take care y’all!
🫡6👎1
Apple has announced new airtag which you can plant on that cousin of yours who keeps talking about cryptocurrency at every family function and run away as soon as the tag tells you he's close to you.
▶️Crypto News & Updates
🔷Ethereum treasury firm ETHZilla has purchased two CFM56-7B24 jet engines for $12.2 million
- through a newly formed aerospace subsidiary
- after selling at least $114.5 million worth of ETH. The engines are leased to a major airline
- as per Wu Blockchain News
🔷NFT platform Nifty Gateway announced that it will officially close on February 23, 2026
- the platform has entered "withdrawal-only mode"
- Nifty Gateway was one of the earliest NFT trading and management platforms and was acquired by cryptocurrency exchange Gemini in 2019
🔷Saylor's Strategy has acquired 2,932 BTC for ~$264.1 million at ~$90,061 per bitcoin
- Strategy now holds 712,647 $BTC acquired for ~$54.19 billion at ~$76,037 per bitcoin
🔷Tom Lee's BitMine acquired 40,302 ETH
- The company holds 4,243 million ETH valued at ~$12.8B
🔷Matcha Meta sees $16.8 million drained in SwapNet incident
- Matcha Meta disabled the SwapNet integration and removed direct allowances on individual aggregator contracts as investigations continue
- Matcha Meta is built by 0x Project, for context
🔷Ethereum treasury firm ETHZilla has purchased two CFM56-7B24 jet engines for $12.2 million
- through a newly formed aerospace subsidiary
- after selling at least $114.5 million worth of ETH. The engines are leased to a major airline
- as per Wu Blockchain News
🔷NFT platform Nifty Gateway announced that it will officially close on February 23, 2026
- the platform has entered "withdrawal-only mode"
- Nifty Gateway was one of the earliest NFT trading and management platforms and was acquired by cryptocurrency exchange Gemini in 2019
🔷Saylor's Strategy has acquired 2,932 BTC for ~$264.1 million at ~$90,061 per bitcoin
- Strategy now holds 712,647 $BTC acquired for ~$54.19 billion at ~$76,037 per bitcoin
🔷Tom Lee's BitMine acquired 40,302 ETH
- The company holds 4,243 million ETH valued at ~$12.8B
🔷Matcha Meta sees $16.8 million drained in SwapNet incident
- Matcha Meta disabled the SwapNet integration and removed direct allowances on individual aggregator contracts as investigations continue
- Matcha Meta is built by 0x Project, for context
▶️Crypto News & Updates
💠Crypto payments network Mesh hits unicorn status after $75 million Series C led by Dragonfly
- The company said its unified crypto payments layer now reaches more than 900 million users through integrations across exchanges, wallets, and financial services platforms
💠Tether officially launches 'Made in America' USAT stablecoin
- USAT is issued through the federally regulated Anchorage Digital Bank, with Cantor Fitzgerald serving as reserve custodian and preferred primary dealer
- Former White House crypto policy advisor Bo Hines is leading the firm's U.S. push as CEO of Tether's USAT unit
💠Trump family backed company 'American Bitcoin' increased its holdings by 416 $BTC
- bringing total reserves to 5,843 Bitcoin
💠Nifty Gateway promises permanent NFT hosting in shutdown update
- Nifty Gateway promises permanent NFT hosting in shutdown update
- a subset of NFTs minted in 2021 or earlier have metadata that is permanently linked to Nifty Gateway’s own servers. For those assets, the firm said it will "continue to host the metadata indefinitely."
💠First Avalanche ETF hits US markets as VanEck launches AVAX fund
💠Crypto payments network Mesh hits unicorn status after $75 million Series C led by Dragonfly
- The company said its unified crypto payments layer now reaches more than 900 million users through integrations across exchanges, wallets, and financial services platforms
💠Tether officially launches 'Made in America' USAT stablecoin
- USAT is issued through the federally regulated Anchorage Digital Bank, with Cantor Fitzgerald serving as reserve custodian and preferred primary dealer
- Former White House crypto policy advisor Bo Hines is leading the firm's U.S. push as CEO of Tether's USAT unit
💠Trump family backed company 'American Bitcoin' increased its holdings by 416 $BTC
- bringing total reserves to 5,843 Bitcoin
💠Nifty Gateway promises permanent NFT hosting in shutdown update
- Nifty Gateway promises permanent NFT hosting in shutdown update
- a subset of NFTs minted in 2021 or earlier have metadata that is permanently linked to Nifty Gateway’s own servers. For those assets, the firm said it will "continue to host the metadata indefinitely."
💠First Avalanche ETF hits US markets as VanEck launches AVAX fund
▶️Crypto News & Updates
💠Fidelity to launch dollar-backed stablecoin FIDD on Ethereum in coming weeks
- The stablecoin will be issued by Fidelity Digital Assets' national trust bank and redeemable one-to-one for U.S. dollars through Fidelity platforms
- Fidelity said it will manage FIDD's reserves internally, leaning on its asset management arm to oversee backing and custody
💠Ethereum developer Griff Green, who helped found The DAO, said unclaimed funds from its infamous 2016 hack will be redeployed to launch a new Ethereum security initiative
- Around 20% of the original DAO recovery funds, once worth $6 million and now estimated at around $200 million, were never claimed by affected users
- TheDAO Security Fund, plans to stake roughly 75,000 ETH and use the yield to finance ongoing security operations
💠Binance said it will convert its $1 billion SAFU insurance fund from stablecoins into bitcoin over the next 30 days
- Binance pledged to regularly audit and rebalance the fund to keep it near $1 billion if volatility drags its value down
💠Vitalik Buterin commits roughly $45 million in ETH to open-source security and privacy projects
- Buterin said the funds will support a full-stack push spanning software, hardware, and privacy tools over the next few years, aimed at strengthening self-sovereignty across the Ethereum ecosystem
💠Andre Cronje's Flying Tulip raises additional $75.5 million at $1 billion token valuation
- A separate $200 million allocation has also been set aside for CoinList, which is beginning next week
- Flying Tulip plans to open additional whitelist rounds to fill the remainder of its targeted $1 billion raise
- Flying Tulip is building an onchain exchange that brings multiple DeFi functions into a single system. The platform combines spot trading, perpetual futures, lending, and a native stablecoin called ftUSD, with plans to add insurance and options over time.
💠Lighter announces Lighter EVM, an EVM-equivalent rollup natively interoperating with Lighter
- As a general purpose rollup, Lighter EVM will be secured by the OpenVM zkVM, while maintaining compatibility with the existing core Lighter financial engine powering perps and spot trading
💠SEC Chair Paul Atkins stated that crypto innovation exemptions (covering tokenized securities, DeFi, etc.) may not be released this month or next
- Wall Street giants JPMorgan, Citadel, and SIFMA met with the SEC's crypto task force to express concerns about the exemptions' economic impact
💠Kazakhstan's central bank investment subsidiary NIC announced plans to bolster national crypto reserves using cryptocurrencies seized by law enforcement, gold, and foreign currency, allocating $350 million
💠Trump Appoints Kevin Warsh as new Fed Chair
💠Fidelity to launch dollar-backed stablecoin FIDD on Ethereum in coming weeks
- The stablecoin will be issued by Fidelity Digital Assets' national trust bank and redeemable one-to-one for U.S. dollars through Fidelity platforms
- Fidelity said it will manage FIDD's reserves internally, leaning on its asset management arm to oversee backing and custody
💠Ethereum developer Griff Green, who helped found The DAO, said unclaimed funds from its infamous 2016 hack will be redeployed to launch a new Ethereum security initiative
- Around 20% of the original DAO recovery funds, once worth $6 million and now estimated at around $200 million, were never claimed by affected users
- TheDAO Security Fund, plans to stake roughly 75,000 ETH and use the yield to finance ongoing security operations
💠Binance said it will convert its $1 billion SAFU insurance fund from stablecoins into bitcoin over the next 30 days
- Binance pledged to regularly audit and rebalance the fund to keep it near $1 billion if volatility drags its value down
💠Vitalik Buterin commits roughly $45 million in ETH to open-source security and privacy projects
- Buterin said the funds will support a full-stack push spanning software, hardware, and privacy tools over the next few years, aimed at strengthening self-sovereignty across the Ethereum ecosystem
💠Andre Cronje's Flying Tulip raises additional $75.5 million at $1 billion token valuation
- A separate $200 million allocation has also been set aside for CoinList, which is beginning next week
- Flying Tulip plans to open additional whitelist rounds to fill the remainder of its targeted $1 billion raise
- Flying Tulip is building an onchain exchange that brings multiple DeFi functions into a single system. The platform combines spot trading, perpetual futures, lending, and a native stablecoin called ftUSD, with plans to add insurance and options over time.
💠Lighter announces Lighter EVM, an EVM-equivalent rollup natively interoperating with Lighter
- As a general purpose rollup, Lighter EVM will be secured by the OpenVM zkVM, while maintaining compatibility with the existing core Lighter financial engine powering perps and spot trading
💠SEC Chair Paul Atkins stated that crypto innovation exemptions (covering tokenized securities, DeFi, etc.) may not be released this month or next
- Wall Street giants JPMorgan, Citadel, and SIFMA met with the SEC's crypto task force to express concerns about the exemptions' economic impact
💠Kazakhstan's central bank investment subsidiary NIC announced plans to bolster national crypto reserves using cryptocurrencies seized by law enforcement, gold, and foreign currency, allocating $350 million
💠Trump Appoints Kevin Warsh as new Fed Chair