Author: Admin-aX9d7

This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe. “Capital runs as surely and instantly where it is most wanted, and where there is most to be made of it, as water runs to find its level.”— Walter Bagehot (1873) Q: What’s it cost to have dinner with the president? The official website promoting a “Dinner with President TRUMP” pitches the opportunity as “The most EXCLUSIVE INVITATION in the World.”  (Reader beware, the site has more capitalization than a German dictionary.) Specifically, the dinner is “Only for the TOP 220 $TRUMP Coin Holders,” which does indeed…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The Solana Foundation is tightening its leash on the validators receiving its stake.  The Solana Foundation now says that for every new validator added to the Solana Foundation Delegation Program, it will remove three long-standing ones with under 1,000 SOL in external stake. The goal: have fewer validators relying on foundation stake and more earning authentic backing from the community. Blockworks Research data lead Dan Smith estimated that at current staking levels, around 150 Solana validators would lose their foundation stake under the new rule.  The Solana…

Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), have started a new chapter with the comeback of their co-founder Greg Solano, also known in the digital arts and NFT community as Garga, to the CEO position. This leadership shift portrays a strategic shift for the company, aimed at injecting new energy and directions in the changing landscape of non-fungible tokens (NFTs) and digital collectibles. Strategic Leadership Transition Solano is replacing Daniel Alegre, an ex-executive of Activision, who served as the CEO of Yuga Labs for about ten months. Alegre has led Yuga Labs through the expansion and…

The Bitcoin market fell below $39,000 after the Easter holidays as “weak hands” continued to sell, forcing prices down to a local low at $38,729 before bouncing back. This uptake is driven by persistent and robust undercurrent demand.According to a blog post by on-chain data analysts Glassnode, the Bitcoin market remains strongly correlated with traditional markets that themselves are facing several macro headwinds. They wrote“The current broader market environment is one of rapid change, with a wide array of commodity markets breaking to new highs, bond yields trading strongly higher, and a seemingly ever worsening supply chain disruptions and headline…

United States Senator Cynthia Lummis suggests the crypto industry may be celebrating too soon over the US Federal Reserve softening its crypto guidance for banks.“The Fed withdrawing crypto guidance is just noise, not real progress,” Lummis said in an April 25 X post. Lummis called the Fed’s April 24 announcement — withdrawing its 2022 supervisory letter that had discouraged banks from engaging with crypto and stablecoin activities — “just lip service.”Lummis’ tone was different from the rest of the crypto industryLummis, a pro-crypto advocate known for introducing the Bitcoin (BTC) Strategic Reserve Bill in July 2024, pointed out several flaws…

The Chinese government is considering integrating blockchain to enhance the security of its credit information systems, according to a report from STCN.The move is part of a broader effort by the National Development and Reform Commission (NDRC) to apply emerging technologies in improving data-sharing practices and safeguarding sensitive information.Li Chunlin, Deputy Director of the NDRC, stated that the commission has already begun incorporating privacy computing solutions.These tools are designed to minimize the risk of information leaks by processing data in a secure environment. He emphasized that the overarching goal is to reinforce the protection of citizens’ data through advanced technical…

A $198 million crypto fraud empire disguised as AI trading has been unraveled, exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and Exchange Commission (SEC) announced on April 22 that it has charged Ramil Palafox, founder of PGI […]

Nasdaq, the operator of one of the premier U.S. stock exchanges and a crypto index, is advising the U.S. regulators to carefully focus on defining digital assets in four buckets that will clearly determine which agency acts as referee, according to a 23-page letter sent to the Securities and Exchange Commission’s crypto task force.”While a stock by any other word would still be a stock, the existing market ecosystem can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets,” the letter argued in response to…

The emerging blockchain industry lags behind the artificial intelligence sector in terms of job creation, but this hiring gap may narrow by 2030.Blockchain remains one of the smallest sectors in the tech industry, with about 300,000 global jobs, compared to 1.5 million in AI and machine learning and 25 million in software development, according to a new Bitget Research report shared with Cointelegraph.The blockchain sector added around 20,000 new jobs in 2024, according to job listings aggregated from platforms like LinkedIn, Web3 Jobs and Crypto Job List.Total workforce in tech industry. Source: Bitget ResearchWhile blockchain-based jobs had an average compound…

This is a segment from the Empire newsletter. To read full editions, subscribe. “I’m always trying to figure out where the puck is going,” Pantera’s Paul Veradittakit told me.  It’s a key part of how Veradittakit determines whether or not he’s interested in investing time and, of course, money into a project.  Veradittakit’s been around the industry for over a decade. If he hadn’t joined Pantera, he might have been one of the first employees at Coinbase. Instead, he and Pantera founder Dan Morehead decided to invest in companies that were building like Coinbase in other parts of the world. …