Malaysia-based BioNexus Gene Lab announced on Mar. 5 that it has approved its treasury strategy, which prioritizes Ethereum (ETH) over Bitcoin (BTC). The firm said the decision was driven by Ethereum’s recent inclusion in the US Crypto Strategic Reserve and its “broader utility as a programmable financial platform.” BioNexus said its Board of Directors’ extensive…
The President of Belarus, Aleksandr Lukashenko, raised the possibility yesterday that the Eastern European country could begin mining cryptocurrencies. “Look at this mining. More and more people are turning to me. If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency and so on,” Lukashenko told Alexei…
DoubleZero Foundation, a startup building a “new internet” to improve blockchain performance, raised $28 million at a $400 million valuation, according to three people familiar with the matter, and is now searching for “strategic partners” to invest more at $600 million. Dragonfly and Multicoin Capital lead the initial funding round, two of the people said.…
In the latest pro-crypto pivot in the US, the Senate has quashed a rule submitted by the Internal Revenue Service relating to “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.” The rule required decentralized finance platforms to report detailed information on customers to the IRS, starting for tax year 2027.…
Canary Capital, the digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning on launching an exchange-traded fund (ETF) tracking the price of Axelar (AXL). The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Wednesday, kicking off the process to launch such a fund. The hedge…
Bitwise has filed an S-1 application form twith the US Securities and Exchange Commission (SEC) on Mar. 5 to launch an Aptos (APT) exchange-traded fund (ETF). The news caused APT to surge 7% in one hour, increasing from $6.06 to $6.50 as of press time, based on CryptoSlate data. According to the filing, the ETF’s…
Robinhood CEO Vlad Tenev believes that blockchain technology will eventually underpin stock trading, arguing that crypto’s infrastructure could make financial markets more accessible, cost-efficient, and resilient. Tenev made the statement during a fireside chat, where he outlined how integrating stocks with blockchain networks could remove many inefficiencies in traditional trading systems, allowing assets to trade…
Bitcoin’s (BTC) price action remains centered around critical levels, with $92,000 acting as a necessary threshold for upward momentum and $70,000 emerging as a key support zone, according to a recent Glassnode report. The report highlighted that price structure and on-chain data indicate strong confluence at these levels, shaping the broader market outlook. It also…
In the latest whipsaw of headlines this week, Donald Trump’s tariff delay Wednesday eased investor worries with bitcoin (BTC) leading the crypto market higher. The U.S. government confirmed to delay tariffs on auto parts coming from Canada and Mexico by one month just one day after enacting them. Germany’s plan to ease debt limits for…
Solana’s bustling decentralized finance (DeFi) scene is growing faster than Ethereum’s, and making more money too. And yet, Franklin Templeton pointed out in a Tuesday report, its tokens are worth less. “Solana DeFi valuation multiples trade on average lower than their Ethereum counterparts despite significantly higher growth profiles, highlighting an apparent valuation asymmetry,” the report…