Evan Cheng didn’t just build another blockchain when he created Sui. He engineered a paradigm shift. Over the past year, Sui, one of the darlings of the bull market, has blown past $1.5 billion in total value locked (TVL), up from just over $200 million at the start of the year, thanks to the market’s … Read more
Here’s the new political calculus for a U.S. congressional candidate: You nod to crypto and say you’re on the pro-innovation side, and chances are, a million dollars (or more) could drop from the sky to pay for TV spots that highlight your strengths or pillory your opponent. In any of hundreds of lesser known districts … Read more
Early traders of NFT marketplace Magic Eden’s new token ME had a lot to be thankful for – if they could access their airdrops, that is. In the first minutes of trading Tuesday, the token’s fully diluted valuation hit $15 billion. But as more claimants managed to process their airdrops – and in some lucky … Read more
As (literally) a thousand DePIN projects bloomed in 2024, they could thank one decentralized physical infrastructure network in particular for showing the way: Helium. The original DePIN (before DePIN was a word), Helium was started by Amir Haleem, Shawn Fanning, and Sean Carey all the way back in 2013. It took until 2019 for the … Read more
XRP, the native token of the XRP Ledger (XRPL) network, surged during the U.S. afternoon hours on Tuesday as Ripple CEO Brad Garlinghouse said the company’s much-anticipated stablecoin obtained regulatory approval from the New York Department of Financial Services. “This just in…we have final approval from NYDFS for RLUSD! Exchange and partner listings will be … Read more
El Salvador and Argentina are partnering to help develop the crypto industry in Latin America. Juan Carlos Reyes, El Salvador’s top crypto regulator and president of the Comisión Nacional de Activos Digitales (CNAD), and Roberto Silva, the president of the Comisión Nacional de Valores of Argentina (CNV), on Tuesday signed an agreement for the two … Read more
Howard Lutnick’s firm, Cantor Fitzgerald, is a prominent Wall Street bond broker and a member of an exclusive club: It’s a primary dealer that gets to trade directly with the Federal Reserve. So when Lutnick — Tether’s U.S. Treasuries dealer — said this year that Tether actually has the money it says is backing its … Read more
Under Fred Thiel’s leadership, MARA Holdings (MARA) — previously known as Marathon Digital Holdings — has become not only one of the largest bitcoin miners in the world but also the second-largest corporate owner of bitcoin, with about $3.9 billion worth on its balance sheet. Thiel joined the mining company in 2018 as a director … Read more
The relentless efforts by Bitwise CEO Hunter Horsley and chief investment officer Matt Hougan’s to bring institutional money into crypto for the past seven years finally paid off when spot ETFs for both bitcoin and ether were approved by the SEC earlier this year. The digital asset manager launched funds for both, taking its assets … Read more
There are many in the Web3 space who have only recently jumped into AI. Illia Polosukhin isn’t one of them. Long before he co-founded the decentralized app blockchain protocol NEAR, Polosukhin worked at Google as an AI researcher and co-wrote the seminal 2017 paper “<a href="https://openreview.net/forum?id=H1ZGYPb_ZS&referrer=%5Bthe%20profile%20of%20Illia%20Polosukhin%5D(%2Fprofile%3Fid%3D~Illia_Polosukhin1)" target="_blank">Attention is All you Need</a>,” which is widely credited … Read more