Saturday, January 31

Crypto

Trove Investors Seek Refunds After Perps Pivot to Solana

Trove Markets, which is building a decentralized perpetual exchange for collectibles, is under fire for pivoting to Solana after raising over $11.5 million tied to a token sale for an integration on Hyperliquid, prompting some backers to seek refunds.Trove first…

Crypto’s Decentralization Falls Apart at Interoperability: Casper CTO

Moving value across blockchains is now largely mediated by a small group of centralized intermediaries despite crypto’s long-standing claims of decentralization.Michael Steuer, president and chief technology officer of Casper Network, framed this dynamic as a structural outcome of the industry’s…

80% of Hacked Crypto Projects Never Fully Recover, Expert Warns

Nearly four out of five crypto projects that suffer a major hack never fully regain their footing, according to Mitchell Amador, CEO of Web3 security platform Immunefi. Amador told Cointelegraph that most protocols enter a state of paralysis the moment…

China-Led CBDC Platform mBridge Tops  Billion in Transaction Volume

China-led cross-border digital currency platform mBridge has processed more than $55 billion in transactions as efforts to build payment rails that operate outside traditional dollar-based systems find momentum.Project mBridge, a multi-central bank digital currency (CBDC) platform, has now settled over…

ETH Validator Exit Queue Hits Zero as Staking Demand Soars

The massive staking inflows are strengthening ETH’s supply-demand dynamic, potentially setting the stage for upward price momentum this year.The Ethereum staking validator exit queue has dropped to zero — signaling a dramatic fall in selling pressure and strengthening confidence in…

Solana Labs CEO Says Solana Must Adapt or Die

Solana Labs CEO Anatoly Yakovenko said he wants Solana to be a constantly evolving network, continuously updating to meet the changing needs of users, contrasting with Vitalik Buterin’s vision of Ethereum as a self-sustaining blockchain.“Solana needs to never stop iterating.…

Steak ‘n Shake Says Bitcoin Stash Grew by  Million in Value

Steak ‘n Shake, a fast-food restaurant chain that accepts Bitcoin (BTC) payments at its stores, announced on Friday that its BTC corporate treasury grew by $10 million in notional value.“All Bitcoin sales go into our strategic Bitcoin reserve,” the company…

BTC Reserve Is a ‘Priority’ but Legalities Hinder Process

Progress is being made toward establishing a Bitcoin (BTC) strategic reserve in the United States, but “obscure” legal provisions are holding up the process, according to Patrick Witt, the director of the White House Crypto Council. Several government agencies are discussing…

Jefferies ‘Greed & Fear’ Strategist Drops Bitcoin on Quantum Risk

Investment bank Jefferies’ longtime “Greed & Fear” strategist Christopher Wood has reportedly eliminated Bitcoin from his flagship model portfolio, citing mounting concerns that advances in quantum computing may undermine the cryptocurrency’s long-term security.According to a report by Bloomberg, Wood said…

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