Tether, the entity behind the USDT stablecoin, has made a significant stride into the healthcare domain by injecting a substantial $200 million investment into Blackrock Neurotech. This pioneering biotech firm specializes in cutting-edge brain-computer interface (BCI) technology. Operating under its recently established venture division, Tether Evo, the stablecoin powerhouse has acquired a majority stake in…

Marking a significant milestone, Lido Finance, the leading liquid staking protocol within the Ethereum ecosystem, now commands over 28.5% of the total staked Ether, sparking discussions regarding the potential of decentralized finance (DeFi) to rival traditional finance (TradFi). This achievement, reached on April 29th, solidifies Lido Finance’s position as the foremost DeFi protocol, boasting a…

On Monday, the prevailing sentiment across major cryptocurrencies is leaning towards a bearish outlook. This shift in market sentiment is primarily attributed to traders deliberating over the potential scenario of the US economy entering a state of “stagflation”. Stagflation, characterized by a combination of stagnant economic growth and high inflation, typically prompts a bearish stance…

IN BRIEF The SEC postponed its decision on the Ethereum ETF until June 2024. Justin Sun voices doubt regarding the approval of an Ethereum ETF. The SEC solicits public feedback on proposed modifications to the ETF. The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on several spot Ethereum ETF applications,…

IN BRIEF Paradigm seizes opportunity with proactive transfer of 3,718 ETH amid market surge. Ethereum’s prominence in Paradigm’s portfolio informs strategic maneuvers. ETH’s rally coincides with Paradigm’s trajectory for profit recovery. Paradigm Capital’s recent transfer of 3,718 Ethereum (ETH) to Anchorage Digital marks a significant move for the investment dealer, particularly considering their absence from…

in brief Navigating through turbulent times, the cryptocurrency industry in Russia has encountered numerous challenges since late 2022. Recently, Beribit, a licensed cryptocurrency exchange, has come under fire, facing significant backlash. Adding to the industry’s woes, the Russian Duma is reportedly considering a ban on cryptocurrency exchanges within the country. Russia’s journey has been fraught…

ACINQ’s Phoenix Wallet and zkSNACKs’ Wasabi Wallet have made the strategic decision to cease operations for customers based in the United States. This significant move is a direct response to the recent heightened regulatory scrutiny targeting self-custodial cryptocurrency wallet providers. The regulatory crackdown has raised substantial concerns within both ACINQ and zkSNACKs regarding the classification…

Yuga Labs, the mastermind behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has disclosed its second company restructuring and subsequent round of layoffs in just over six months. The announcement was delivered by Greg Solano, the company’s CEO and co-founder, who assumed the leadership role in February. Co-Founder Stresses the Need for…

IN BRIEF DTCC announces that it will not allocate any collateral to exchange-traded funds (ETFs) linked to Bitcoin or cryptocurrencies, nor will it provide loans for this purpose. Effective April 30, 2024, DTCC will implement changes to collateral values for certain securities as part of its annual renewal of the line-of-credit facility. Crypto analysts and…