Matter Labs is reshuffling its team as the company moves to a permissioned privacy chain called Prividium. The layoffs will include senior engineers, designers, and operators who are no longer aligned with the new direction. Founder Explains Layoff Decision. Alex Gluchowski, the company’s CEO, confirmed the news on social media, noting that the decision followed […]
Strategy executive chairman Michael Saylor says the company’s core purpose is creating financial products backed by Bitcoin (BTC), a business model he compared to a reserve bank. According to him, Bitcoin’s next stage of development should be about building a layered capital market around it. From Digital Gold to Digital Architecture In a June 16 […]
“We have 32 years of dividend coverage through our BTC Reserve,” said Strategy on X on Thursday. In principle, the math works out, as the firm’s Bitcoin treasury is currently worth just below $55 billion, and its dividend obligations are $1.7 billion. In November, Strategy claimed to have 71 years of dividend coverage “assuming the price […]
Andreessen Horowitz crypto executive Miles Jennings criticized Illinois’ newly enacted Digital Asset Privilege Tax Act on June 17, calling it “one of the most anti-crypto laws in the US.” The law imposes a 0.2% tax on the exchange, transfer, and custody of digital assets, with no meaningful exemptions for routine self-custody moves. Backlash From the […]
Bitcoin’s price is losing ground once again, as the asset was rejected at over $66,000 earlier today and dumped to $64,000 minutes ago, shortly after the conclusion of the latest FOMC meeting and the subsequent press conference by the new Fed Chair, Kevin Warsh. Unlike what many expected when he replaced Jerome Powell, Warsh maintained […]
Avalanche (AVAX) became one of the most discussed cryptocurrencies on Monday despite the broader market rally, as growing skepticism around the network fueled social media debates. According to Santiment, many users are questioning whether Avalanche can still compete with faster-growing blockchains such as Solana and Sui. Lagging Devs and Users Much of the criticism has […]
Following a wave of selling pressure that pulled bitcoin (BTC) below $60,000 two weeks ago, analysts have highlighted on-chain data that signals possible seller exhaustion, which is further substantiated by a reprieve in macroeconomic conditions. According to analysts at crypto exchange Bitfinex, the market is witnessing a transition into late-stage capitulation rather than a broader […]
Coinbase plans to launch tokenized stock trading in August for customers outside the US, according to an announcement on Tuesday. Tokenized stocks will be backed 1:1 by the underlying asset and will represent “true equity ownership,” it stated. This includes dividend payouts and complete shareholder rights, alongside the “programmatic utility of the onchain economy.” Pre-IPO Perps […]
Many leading altcoins are well in the green today (June 16), but Bittensor (TAO) has failed to follow the overall upswing, posting a substantial daily decline. Even so, several analysts think it could be gearing up for a rebound that might carry it back to multi-month highs. Big Pump Incoming? TAO currently trades at around […]
Meme coins have been on a bad run since they peaked in 2024, with data from CryptoRank showing they’ve collectively lost more than $110 billion from then to now. According to the data, this year alone, the sector has dipped 31%, taking its combined value to around $24.5 billion, with repeated attempts at recovery barely […]