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SBF Says He Was Shocked By Democrats’ Crypto Stance Prior to FTX Collapse
Former FTX CEO Sam Bankman-Fried disclosed in a recent interview with Tucker Carlson that growing ties with the Republican Party may have contributed to the severity of his prison sentence. After receiving a 25-year sentence due to fraud and conspiracy charges in March 2024, Bankman-Fried reflected on his political journey, stating, “In 2020 I was…
Continue ReadingWhat Bitcoin reserve? BTC price slips back below $90K
Bitcoin’s fluctuating performance continues to attract the attention of investors and analysts alike, particularly following recent events such as the inaugural White House Crypto Summit. With an opening low following the March 6 trading session on Wall Street, Bitcoin’s volatility seems undeterred by what was anticipated to be significant news for the cryptocurrency market. Bitcoin’s…
Continue ReadingBioNexus Gene Lab Becomes First Nasdaq-Listed Firm to Prioritize Ethereum in Treasury Strategy
BioNexus Gene Lab Corp (BGLC) has made a significant move by adopting an Ethereum-focused treasury strategy, marking it as the first Nasdaq-listed company to commit to Ethereum (ETH) in such a prominent manner. While the specific allocation percentage of Ethereum has not been disclosed, this decision aligns with ETH’s recent inclusion in the U.S. “Crypto…
Continue ReadingEthereum Developers Postpone Pectra Upgrade Following Buggy Tests
Ethereum developers have announced a postponement of the highly anticipated Pectra upgrade following two problematic test runs. This upgrade, heralded as the platform’s most significant enhancement since 2024, is geared toward bolstering Ethereum’s competitiveness amidst rising pressure from alternative blockchains. Initially set to go live in March, the Pectra upgrade faced challenges when tests on…
Continue ReadingJapan’s ruling party moves to slash crypto capital gains taxes to 20%
Japan’s Liberal Democratic Party (LDP), the ruling party in the country, is taking significant strides toward modernizing its regulatory framework for cryptocurrencies. The proposed reforms aim to reduce the capital gains tax on cryptocurrency investments from its current level to a more manageable 20%. Additionally, it seeks to classify digital assets distinctly from traditional securities…
Continue ReadingDonald J. Trump-Inspired World Liberty Financial and Sui Ink Strategic Reserve Deal and Collaboration
Leading Layer 1 blockchain Sui has announced a promising collaboration with World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol inspired by Donald J. Trump. This strategic partnership aims to accelerate product development, specifically focusing on the integration of Sui assets into WLFI’s “Macro Strategy,” a strategic reserve aimed at supporting leading projects within the…
Continue ReadingInside Solana’s Debate on a Major Reduction in SOL Inflation
Solana is currently navigating a pivotal moment as its decision-makers explore a significant economic overhaul aimed at enhancing the investment appeal of its native token, SOL. Central to this discussion is the issue of inflation, which, while deemed necessary for sustainability in proof-of-stake blockchains like Solana, has raised concerns about excessive issuance rates. Critics assert…
Continue ReadingHere’s what happened in crypto today
Solana Co-Founder Skeptical of Proposed U.S. Crypto Reserve Anatoly Yakovenko, the co-founder and CEO of Solana, has voiced strong opposition to the idea of a U.S. national cryptocurrency reserve, which has recently gained attention alongside announcements from former President Donald Trump regarding plans for a Bitcoin reserve. Yakovenko expressed concerns that government control over digital…
Continue ReadingWhat are the Next Potential Targets?
Is PI Set for Another Price Surge? The Pi Network has made waves recently following the launch of its native token on February 20, marking a significant milestone nearly six years post its controversial inception. Trading on various platforms such as Bitget, OKX, and MEXC, PI’s market performance has experienced notable volatility, initially dropping below…
Continue ReadingSolana co-founder prefers ‘no reserve’ despite SOL inclusion
Anatoly Yakovenko, the co-founder and CEO of Solana, recently expressed his views on the potential establishment of a U.S. cryptocurrency reserve. In a post shared on March 6, he articulated a strong preference against a government-managed crypto reserve, arguing that such control could jeopardize the foundational principles of decentralization inherent in blockchain technology. Yakovenko outlined…
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