Algorand cuts 25% staff amid crypto downturn
The Algorand Foundation has reduced its workforce by 25%, citing global macroeconomic uncertainty and continued weakness in crypto markets as key drivers behind the decision.
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The Algorand Foundation has reduced its workforce by 25%, citing global macroeconomic uncertainty and continued weakness in crypto markets as key drivers behind the decision.
CoinEx has introduced a dual investment product designed to help crypto traders earn yield while targeting specific buy or sell price levels in volatile or range-bound markets.
A whale investor has purchased 50,706 Ethereum worth $111.62 million using USDT, marking a major re-entry into the market after selling holdings a year earlier.
The Federal Reserve has kept interest rates unchanged at 3.50%–3.75%, maintaining a hawkish stance as inflation concerns and geopolitical risks cloud the economic outlook.
Aster has expanded its collaboration with World Liberty Financial by launching USD1-denominated perpetual markets and new trading incentives aimed at boosting liquidity ahead of its Layer 1 rollout.
Arizona has filed 20 criminal charges against prediction market platform Kalshi, accusing it of operating an illegal gambling business and offering election wagering within the state.
S&P Dow Jones Indices has licenced its S&P 500 Index for a perpetual futures product on Hyperliquid, marking the first officially authorised onchain derivative tied to the benchmark.
Bhutan has offloaded more than $72 million worth of Bitcoin, continuing a broader trend of reducing its national crypto holdings amid market weakness.
SBI VC Trade has launched a retail USDC lending service in Japan, allowing users to lend stablecoins to the platform in exchange for fixed-term returns.
Crypto firms have urged US universities to expand education on decentralised finance, citing growing demand for blockchain talent across Wall Street and traditional finance.
Institutional investors remain bullish on crypto, with 74% expecting prices to rise over the next 12 months despite recent market volatility.
UK lawmakers have called for an immediate moratorium on cryptocurrency donations to political parties, citing risks to national security and electoral integrity.
Ethereum developers are testing a Fast Confirmation Rule that could cut bridge and deposit times by up to 98%, reducing delays to around 13 seconds.
Crypto use for payments in Australia has doubled over the past year, but increasing banking restrictions are creating new friction for users, according to an Independent Reserve survey.
The US Securities and Exchange Commission has clarified that nonfungible tokens are generally not considered securities, placing them in a category of digital collectibles.
The US Federal Reserve kept interest rates unchanged at 3.5%–3.75%, citing uncertainty around the economic impact of the Iran war and persistent inflation pressures.
US Senator Cynthia Lummis said lawmakers are close to passing a long-awaited digital asset market structure bill, with key disagreements now nearing resolution.
Kraken has paused plans for a multibillion-dollar initial public offering after filing confidentially with the US Securities and Exchange Commission, citing challenging market conditions.
Changpeng Zhao has dismissed accusations that Binance facilitated Iran-linked or terrorism-related transactions, arguing the claims lack logic and offer no business incentive for the exchange.
The Iran war is raising the risk of a permanent inflation floor, potentially ending the era of cheap money and reshaping returns across global financial markets.
The Bank of Korea has launched phase two of its digital won pilot, expanding to nine commercial banks to test deposit tokens for nationwide payments and government subsidies.
Fairshake, the crypto industry’s leading political action committee, suffered its largest campaign setback after spending more than $10 million opposing Illinois Lieutenant Governor Juliana Stratton, who won her Democratic Senate primary.
The UAE’s cryptocurrency sector has remained operational and stable despite its proximity to the ongoing conflict in Iran, with industry participants reporting no disruption to core activities.
Whale wallets holding more than one million TRUMP tokens have climbed to 83, the highest level since October, following the announcement of a Mar-a-Lago gala for top holders.
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