Category: Business

TLDR Aave Labs has put forward a proposal to transfer 100% of the revenue from Aave-branded products to the Aave DAO treasury. The proposal intends to formalize the role of Aave Labs as a long-term contributor under a token-centric model.

TLDR David Schwartz, Ripple’s Emeritus Chief Technology Officer, characterized Bitcoin as a technological dead end, highlighting adoption over innovation. Schwartz stressed that Bitcoin’s success hinges more on network strength than continuous technical advancements. He defended the decentralization of the XRP

TLDR Senator Elizabeth Warren took SEC Chair Paul Atkins to task for eroding investor safeguards and cutting back on enforcement efforts in the cryptocurrency industry. Warren raised questions about whether companies linked to former President Trump were getting preferential treatment,

TLDR SoftBank’s profit rises following $20 billion in gains from its OpenAI investment AI-focused acquisitions expand SoftBank’s footprint in data and robotics sectors Vision Funds turn losses around as AI assets make up a large share of their portfolio Liquidity

TLDR Lawmakers grilled SEC Chair Paul Atkins over the agency’s reduced crypto enforcement activity. Democrats voiced worries about the SEC pausing its case against Tron founder Justin Sun and dropping its lawsuit against Binance. Legislators probed whether former President Donald

TLDR ARK Invest acquired approximately $50 million worth of Robinhood shares during Wednesday’s market sell-off, making it the largest crypto-related holding in the flagship ARK Innovation ETF, valued at $248 million Robinhood’s stock declined by nearly 9% following Q4 revenue

TLDR Thailand’s government has greenlit the use of digital assets as underlying assets in the country’s derivatives and capital markets. The Securities and Exchange Commission will revise the Derivatives Act to incorporate cryptocurrencies and carbon credits. This step aims to

TLDR Applied Materials will pay $252 million to settle allegations of illegally exporting chip-making equipment to China’s SMIC from 2020 to 2023. The firm carried out 56 unlawful shipments valued at $126 million by channeling ion implanters through its South

TLDR Digital Currency Group CEO Barry Silbert anticipates that 5-10% of Bitcoin’s capital will transition to privacy-focused cryptocurrencies like Zcash within the next few years. Silbert suggests that privacy coins have the potential for 500-1,000x returns, whereas Bitcoin’s upside is

TLDR BlackRock is listing its $2.1 billion BUIDL tokenized Treasury fund on the Uniswap decentralized exchange. As part of the agreement, the asset manager acquired an unspecified quantity of Uniswap’s UNI governance token. Initially, trading will be restricted to authorized

TLDR Paxful has agreed to a $4 million fine after admitting to charges including facilitating illegal prostitution, transmitting criminal funds, and violating anti-money laundering laws. The cryptocurrency exchange processed approximately $3 billion in transactions between 2017 and 2019, knowingly serving

TLDRs; Baidu has launched BaiduWiki and a global search function, aiming to expand its AI services internationally, though content verification remains a concern. Concerns about BaiduWiki’s credibility stem from Baidu Baike’s past issues with censorship, pseudoscience, and incomplete entries. Baidu

TLDR Nicholas Peach of BlackRock stated that a 1% crypto allocation in Asian portfolios could result in approximately $2 trillion in inflows. During Consensus Hong Kong, Peach estimated Asia’s household assets at roughly $108 trillion. BlackRock’s spot Bitcoin ETF IBIT