The average Web3 VC pitch sounds like ours three years ago. “We have deep relationships across the ecosystem.” “We add value beyond capital.” “Our network is our advantage.” It’s not that any of these statements are lies; it’s that everyone says them, which makes them effectively meaningless. Liquidity providers (LPs) have heard this pitch so […]
Web3 VCs have a differentiation problem Read More »
As readers of this newsletter may be aware, Congress has spent the last few months debating market structure legislation, but cryptopolitical discussions encompass so many more topics than just that one: taxes, decentralized financial regulations, midterm elections, states, and so much more. CoinDesk’s Consensus Miami conference next month will examine each of these questions in
Consensus Policy Summit Preview: Crypto Mode Read More »
The $292 million exploit of the Kelp DAO has sparked a wave of backlash across the crypto industry, with developers and traders warning that the incident exposed deeper flaws in how decentralized finance (DeFi) is built. Data shared by market participants shows that the immediate fallout spread far beyond the hacked protocol. “rsETH hack leads
Here’s how the crypto community is reacting after a massive $292 million hack Read More »
Stablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money across the globe, but companies are now asking a different question: what can they actually do with them? That shift is driving a new phase of adoption, according to Chunda McCain, co-founder of Paxos Labs, who says
Three wallets, one rejection, and $5.7 billion in market capitalization gone in 48 hours. RaveDAO’s RAVE crashed 90% in 24 hours as crypto exchanges Binance and Bitget opened investigations into the trading activity that catapulted the token to a $6 billion market cap last week. Bitget CEO Gracy Chen confirmed the investigation on X, and
RaveDAO’s RAVE Token Collapses 90% in One Day as Exchange Probes Expand Read More »
Aave just saw $6.6 billion go out the door, and it’s not because someone hacked Aave. The protocol’s total locked-down value fell from $26.4 billion on April 18 to nearly $20 billion in the US morning hours on Sunday, as of DefiLlama. The AAVE token fell 16% to $92 and daily fees rose to $1.99
Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender Read More »
France is facing a rise in crypto-related kidnappings as so-called “key attacks” become more frequent, brazen and violent. That shift was visible this week amid the holding of an annual international blockchain and crypto conference. A police motorcade escorted VIP guests to a dinner at the Palace of Versailles. And security was also particularly strengthened
France is facing the brunt of a rising violent crime wave against the crypto community Read More »
Institutional investors are warming to digital assets, with improved sentiment and broader use cases emerging as key drivers of adoption, according to a new study by Tokyo-based bank Nomura and its crypto unit Laser Digital. The survey, based on responses from more than 500 investment professionals in Japan, found that 31% of respondents now have
For years, NEO’s treasury was held in a setup that would be unusual for most financial institutions: hundreds of millions of dollars in cryptoassets were controlled through personal wallets, with no multisig protection and little formal oversight. That person, according to co-founder Da Hongfei Erik Zhang, is NEO’s other co-founder and the architect of its
The largest U.S. aluminum producer, Alcoa, is close to selling its vacant Massena East smelter in upstate New York to bitcoin firm New York Digital Investment Group (NYDIG) as it offloads dormant assets and eases demand for energy-ready industrial sites. The company’s CEO, Bill Oplinger, said the company is in advanced negotiations and expects the
Alcoa to cash in on crypto’s thirst for energy Read More »
