Reddit co-founder Alexis Ohanian has confirmed he has joined Project Liberty’s bid to acquire TikTok’s US operations with the aim of bringing the platform onto a blockchain. Ohanian’s involvement was first reported by Reuters on March 3, with Project Liberty founder Frank McCourt announcing Ohanian would be joining as a strategic adviser specializing in social … Read more
A Manhattan federal court judge has delayed the US government’s case against former Terraform Labs CEO Do Kwon after prosecutors requested more time to review another four terabytes of evidence. In a March 3 order, Judge Paul Engelmayer moved a hearing slated for March 6 to April 10 after the prosecutors said in a Feb. … Read more
There’s a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic, as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation. (Polymarket) On Tuesday morning, Canada and Mexico faced the implementation … Read more
El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector to stop voluntarily … Read more
Strong support from many Democrats helped win a victory for a U.S. Senate effort to erase a Biden administration crypto tax rule on Tuesday, clearing what may have been the most difficult hurdle toward eliminating the Internal Revenue Service’s new broker rule that was set to include decentralized finance (DeFi). The Senate voted 70-27 to … Read more
The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post. Cumberland said the filing was … Read more
Executives from a wide array of crypto companies, including Coinbase, Chainlink and Exodus, will represent the industry Friday at U.S. President Donald Trump’s first White House crypto summit. Coinbase CEO Brian Armstrong, Chainlink Labs co-founder Sergey Nazarov, Exodus CEO J.P. Richardson and Strategy Chairman Michael Saylor have all confirmed their attendance at the event, which … Read more
Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals. In total, the platform’s trading volume declined from $119 billion to $44 billion in the first two months … Read more
David Sacks, President Donald Trump’s crypto and artificial intelligence czar, came under fire this week following allegations that he could financially benefit from Trump’s announcement of a U.S. strategic crypto reserve. The initiative, which Trump shared details about on Sunday, would involve the government holding a reserve of digital assets, including Bitcoin (BTC), Ethereum (ETH), … Read more
Solana’s planned protocol upgrades are important for the network’s long-term health but could deal a blow to validators’ earnings, according to asset manager VanEck. In March, Solana’s validators will vote on two proposed upgrades — known as Solana Improvement Documents (SIMDs) — to the blockchain protocol designed to ensure rewards for stakers and adjust the … Read more