Author: Coindesk

“A lot of institutions in Singapore and Asia haven’t really done much [in crypto]. There have been some traditional institutions that have been working with digital assets, but in a very limited fashion,” Lee said, adding that most of the activity in Singapore is coming from “non-traditional institutions” such as investment funds, venture funds, hedge funds, family offices and high net worth individuals. Read the full article here

At press time, BTC futures contract expiring on March 28 traded 4.8% higher at $101,992, representing a. premium of nearly 5% to the global average spot price of $97,200, according to data source Deribit and TradingView. Contracts expiring on June 27 and Sept. 26 changed hands at $104,948 and $107,690 in an upward-sloping futures curve. Read the full article here

As big tech searches for ways to meet its voracious energy demands and policymakers search for cleaner alternatives to secure energy independence, nuclear has increasingly become a nexus for both Wall Street and Washington. On Capitol Hill, senators and representatives have passed nuclear legislation this year with overwhelmingly broad bipartisan support. In an era defined by bitter partisanship, the Accelerating Deployment of Versatile Advanced Nuclear for Clean Energy (ADVANCE) Act passed the Senate by a vote of 88-2 and passed the House by a vote of 393-13. This followed the House’s Atomic Energy Advancement Act and Senate’s Fusion Energy Act,…

Applications for this technology span finance, data sharing, education, and beyond. For instance, platforms like Genius Terminal use agents for decentralized digital asset trading, while in data sharing, agents allow users to control their information, choose who gets to use it, and either sell it or exchange it for personalized recommendations. In education, they link LLMs for assessing the accuracy of answers to blockchains for transparent verification and real-time rewards that engage learners. This is really just the beginning, as these agents get more advanced, they’ll be able to take on more sophisticated tasks too. Read the full article here

In 2020, under former SEC Chair Jay Clayton, the SEC sued BitClave alleging that the sale of its Consumer Activity Token (CAT) violated federal securities laws. BitClave settled the charges without admitting any wrongdoing, and agreed to forfeit the entirety of the money it raised in 2017, plus another $4 million in interest and penalties. It also agreed to destroy all uncirculated CAT and request that exchanges delist it as part of the settlement agreement. Read the full article here

First, even the best-staffed teams in crypto are lean compared to traditional corporate setups. If these teams are meant to focus on driving adoption, who really benefits when we pull large portions of them away, covering $1,000+ conference tickets, flights, hotels, daily stipends for food and transport — and worse, the lost hours spent traveling, multiplied by their pay? In all honesty, the only true product-market fit this industry seems to have found is in hosting events. Read the full article here

Historically, institutions have hesitated to move on-chain due to regulatory risks. However, with bitcoin ETF AUM inflows on track to surpass the gold ETFs’ AUM within a year, finance and tech companies exploring the technology and offering crypto products, and corporates adding digital assets to their balance sheets, institutional interest in crypto has never been higher. That said, the coexistence of off-chain and on-chain capital thus far has mainly involved using on-chain capital to capture off-chain yield (e.g., Tether purchasing billions of dollars in U.S. treasuries). With regulatory clarity, we are now in the early stages of off-chain capital moving…

“I don’t think the competition for power from AI facilities will significantly impact hashprice,” Mellerud said. “The Bitcoin mining network is a self-correcting mechanism, so reduced hashrate in one country will simply increase profitability of miners in another country, giving them more room to grow.” “My thesis is that the U.S. will have less than 20% of the hashrate by 2030 due to competition from AI facilities, while hashrate will grow elsewhere, particularly in Africa and Southeast Asia,” Mellerud added. Read the full article here

“If you ask five people: ‘What is Bittensor?’ You will get five different answers,” Silbert, a cryptocurrency OG investor and evangelist, said in an interview. “If you remember early bitcoin, some people would say it’s money, some people would say it’s gold. Some people would say it’s this blockchain […] The way that I look at Bittensor is as the World Wide Web of AI.” Read the full article here

Wang immediately met with prosecutors after FTX’s collapse, making him one of two key cooperating witnesses in Bankman Fried’s trial, alongside former Alameda Research CEO and Bankman-Fried’s former girlfriend, Caroline Ellison. For that, he deserved a “world of credit,” Kaplan told Wang during his sentencing. Read the full article here