Day: 20 March 2025

Robert Mitchnick, BlackRock's head of digital assets, suggested in a Yahoo Finance interview on March 19 that a U.S. recession could boost Bitcoin adoption. He highlighted that Bitcoin's decentralized and inflation-resistant properties may increase demand during economic downturns, especially in environments of significant fiscal stimulus and low interest rates. "A ...

Cryptocurrency exchange Gemini has been appointed as the custodian for Evolve Funds' newly launched leveraged Bitcoin (LBIT) and Ethereum (LETH) exchange-traded funds (ETFs), which debuted on the Toronto Stock Exchange (TSX) on Tuesday. These ETFs offer retail investors modestly leveraged exposure to BTC and ETH, aiming for 1.25x returns through ...

Pruna AI has released its AI model optimization framework as open-source on GitHub, aimed at reducing costs and increasing speed through model compression. This move comes in response to the rising demand for efficient and affordable AI tools in the tech and crypto industries. In December 2024, Hugging Face, a ...

South Korean prosecutors have launched an investigation into cryptocurrency exchange Bithumb, reportedly raiding its headquarters over allegations that company funds were misused to support a former CEO’s apartment purchase. According to a report from local media outlet YTN, the Seoul Southern District Prosecutor’s Office carried out the raid at Bithumb’s ...

Solaxy, a meme coin project offering Layer-2 scaling solutions for Ethereum and Solana, has raised over $26 million in its presale. This success indicates increasing interest in utility-driven meme coins and highlights the project's potential to tackle scalability challenges in the blockchain sector. Solaxy's SOLX token presale has gained interest ...

Decentralized finance (DeFi) oracle provider RedStone has dismissed circulating claims about a partnership with web3 acceleration platform Web3Port and market maker Whisper, calling them false and unauthorized. In an official statement, RedStone clarified that neither Web3Port nor Whisper had provided services to the company or influenced its market activities. The ...

Coinbase has solidified its position as the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether (ETH), according to a recent performance report by the crypto exchange. As of March 3, Coinbase reported staking 3.84 million ETH—valued at approximately $6.8 billion—through its validators. This stake ...

Marina Abramović, the renowned Serbian performance artist, has partnered with digital marketplace TAEX to launch an NFT project called Marina Abramović Element (MAE). This project, which follows her first web3 venture in 2021, will run from May to September 2025 and feature three NFT drops highlighting her artistic legacy, according ...

Santiment contributor Brian has analyzed the impact of US interest rate hikes on the cryptocurrency market, noting traders' sensitivity to Federal Open Market Committee (FOMC) meetings. He highlighted that the Federal Reserve's aggressive tightening cycle in 2022, raising rates from 0.25% in March to 4.50% by December in response to ...

Bybit CEO Ben Zhou has revealed that hackers responsible for stealing around 500,000 ETH, valued at approximately 1.4 billion, increasingly rely on crypto mixers to obscure their tracks. Despite these efforts, about 88.87% of the stolen funds remain traceable, 7.59% have gone entirely dark, and 3.54% have been frozen. According ...