Author: driver789
The brief career of William Banks is one of the crypto industry’s most bizarre tales, involving months of staged content, a fake jailbreak that earned over 10 million views, and two memecoin rug pulls that he claimed raised approximately $50,000 for Palestinian aid organizations. On memecoin platform Pump Fun, where over 99% of tokens collapse to near-$0, the self-proclaimed comedian tried to stand apart by using philanthropy to justify his antics. “Thank you to the crypto community for buying my pretend memecoin and helping me to raise $50,000 for the crisis in Gaza,” he said about a very real, not-at-all…
The Open Network (TON), an independent layer-1 blockchain that has integrations with the Telegram messaging application, said it has slashed block times to 400 milliseconds with the release of its Catchain 2.0 consensus upgrade.Payment transactions now settle in about 1 second, while trades settle in “real time,” and decentralized applications will now operate at speeds comparable to traditional apps, according to TON’s announcement on Thursday.Faster block times produce more validator rewards, as the number of blocks added to the chain increases. TON’s annual inflation is projected to increase six-fold, to 3.6% from about 0.6% following the update, TON said. Inflation…
Securitize has appointed former U.S. Securities and Exchange Commission (SEC) official Brett Redfearn as president and a member of its board, adding regulatory experience as the firm prepares to go public this year.Redfearn, who previously led the SEC’s Division of Trading and Markets, will work with Securitize’s leadership team to scale its offerings across issuance, trading and fund administration, the company announced in a press release. The company focuses on turning traditional financial assets, such as funds or private credit, into blockchain-based tokens that can be traded more easily.His appointment comes at a time when tokenization is gaining traction among…
During Stable Summit IV in Cannes (27–28 March), Redwan Meslem from the Enterprise Ethereum Alliance moderated a session with Tony McLaughlin (CEO) of Ubyx on scaling stablecoins while maintaining the principle of “singleness of money.” The discussion addressed clearing, settlement, and par value in multi-issuer systems, with a focus on practical strategies for institutional adoption. 1. Wallet Infrastructure is the Entry Point for Institutional Adoption Wallet infrastructure is the primary entry point for banks and fintechs into on-chain systems. Drawing on his experience in traditional finance and as founder of Ubyx, Tony noted that if institutions offer wallets connected to…
Bitcoin may have survived the worst of the shock, but the data says this is stabilization, not escape velocity. A Bitcoin Reset Underway? According to CryptoQuant, the current conditions suggest a reset is underway, with Bitcoin working through a broad deleveraging phase. Yet even as market stress eases, the top cryptocurrency still hasn’t carved out a definitive bottom in this bear cycle. Related Reading Analyst MorenoDV_ believes Bitcoin’s on‑chain/derivatives “stress cycle” indicators are rolling over, suggesting the market is exiting an acute stress phase, but not yet entering a clean bullish reversal regime. The analyst says that alignment between Bitcoin’s…
A trader lost about $3 million after building a large leveraged Fartcoin position on Hyperliquid that unraveled in thin liquidity, triggering the platform’s auto-deleveraging (ADL) mechanism.Hyperliquid data flagged by Lookonchain shows that the trader accumulated about 145 million tokens across multiple wallets before being liquidated. The liquidation redistributed gains to opposing traders, with at least two wallets seeing around $849,000 through ADL. PeckShield said the unwind produced about $3 million in accounting losses and left Hyperliquid’s HLP vault down roughly $1.5 million over 24 hours, though Hyperliquid had not publicly confirmed those figures by publication.The episode highlighted how ADL can crystallize…
Morgan Stanley has entered the spot bitcoin ETF market with the launch of its Bitcoin Trust (MSBT), adding a major new issuer to an increasingly competitive field defined by fee pressure, shifting flows, and institutional positioning. The fund debuted with roughly $30.6 million in net inflows and about $34 million in trading volume, offering an early signal of demand from the bank’s vast wealth management network. MSBT carries a 14 basis point fee, undercutting many existing products and reinforcing a broader trend toward lower costs across the sector. Despite the launch, U.S. spot bitcoin ETFs recorded about $94 million in…
US Treasury Secretary Says It’s Time to Advance Crypto’s Clarity Act to Trump’s Desk – BitRss – Crypto World News The Crypto Basic 16 minutes ago 4 Treasury Secretary Scott Bessent has urged the Senate to accelerate action on the long-delayed Digital Asset Market Clarity Act and send it to the president’s desk without further delay. In a recent WSJ op-ed, he warned that the United States could fall behind in financial innovation if lawmakers fail to establish clear rules for the rapidly expanding digital asset sector.Visit Website BitRss shares this Content always with License. Read Entire Article Screenshot generated…
The US Department of Justice (DOJ) and Commodities and Futures Trading Commission (CFTC) asked a federal court to block Arizona from enforcing state gambling law against Kalshi’s event contracts, arguing that they fall under the CFTC’s exclusive authority over swaps markets.The Wednesday filing argues that event contracts listed on federally regulated platforms such as Kalshi are swaps under the Commodity Exchange Act and therefore fall within the CFTC’s exclusive jurisdiction.The filing says Arizona’s enforcement effort unlawfully intrudes on the CFTC’s exclusive jurisdiction over federally regulated event-contract markets.If granted, the order would block Arizona from applying its gambling laws to prediction…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 1982.06, down 0.6% (-12.51) since 4 p.m. ET on Wednesday.One of 20 assets is trading higher.Leaders: ICP (+1.5%) and BTC (+0.0%).Laggards: AAVE (-3.6%) and XLM (-2.7%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.