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 had moved its public Discord server into read-only mode, directing users instead to alternative support channels. The move reflects … Read more
A division appears to be forming among crypto industry executives regarding the market structure bill, with crypto giants such as Coinbase pulling support, but others stating that any regulation is better than none. “Crypto builders need clear rules of the road,” Chris Dixon, managing partner at a16z Crypto, said on Thursday. He added that over … Read more
Russia will reportedly move to open up crypto to retail investors, with a new bill set to soon be introduced to the country’s legislature. Anatoly Aksakov, chair of the State Duma’s Financial Market Committee, said legislation is ready to be introduced that would remove cryptocurrencies from special financial regulation and place them under a general … Read more
Blockchain infrastructure firm Global Settlement Network has announced a pilot to tokenize water treatment sites in Jakarta, aiming to eventually scale it out to the rest of Southeast Asia over the next 12 months with $200 million in tokenized assets. Real-world asset tokenization involves minting financial and other tangible assets on the blockchain to increase … Read more
Open interest in Bitcoin derivatives markets has declined over the past three months, resulting in dwindling leverage that has become bullish for the overall market structure, according to CryptoQuant. A 31% decline in open interest (OI) on Bitcoin derivatives since October is a “deleveraging signal” which helps purge the excess leverage built up in the … Read more
Bitcoin will likely reach new all-time highs despite poor performance against gold and tech stocks last year, according to BitMEX co-founder Arthur Hayes, citing the potential expansion of monetary conditions. “If gold and the Nasdaq have the juice, how is Bitcoin going to get its groove back? Dollar liquidity must expand for that to happen,” … Read more
A spokesperson for former New York City Mayor Eric Adams has refuted accusations that he moved money or profited from the NYC Token, which launched on Monday and plummeted 80% in the first hour of launch. “To be absolutely clear: Eric Adams did not move investor funds. Eric Adams did not profit from the launch … Read more
The Crypto Fear and Greed Index, a metric tracking crypto investor sentiment, has registered a “greed” score for the first time since the $19 billion October liquidation event that sent traders running from altcoins. In an update on Thursday, the index returned a rating of 61, reflecting better overall sentiment after weeks of “fear” and … Read more
Senate Banking Committee Chairman Tim Scott says further negotiations to garner bipartisan support for a key crypto-regulating bill are needed before it can advance. The US Senate Banking Committee has cancelled its markup of a crypto market structure bill slated for Thursday, citing the need for further negotiation. Committee Chairman Tim Scott said late on … Read more
Figure Technology Solutions, a blockchain-focused financial technology company, is pushing stock lending on-chain with a new system that allows investors to lend shares directly to one another without relying on traditional securities intermediaries. Bloomberg reported Wednesday that the company has launched the On-Chain Public Equity Network, known as OPEN, which allows companies to issue real … Read more