News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take The Crypto Council for Innovation, Michael Saylor and Robinhood, among others, have all met with the SEC’s newly created crypto task force over the last several days. The SEC has been making moves to re-evaluate its approach to regulating crypto after years of what some in the crypto industry called a “regulation by enforcement” approach.
Quick Take Regulatory uncertainty remains a potential hurdle for Solana ETFs, as the SEC may classify SOL differently from Bitcoin and Ethereum despite a more crypto-friendly stance under new leadership. Bloomberg analysts estimate a 70% chance of Solana ETFs receiving SEC approval.
Quick Take Restaking protocol Byzantine Finance raised $3 million in pre-seed funding to support the development of its aggregation layer.
Quick Take Sam Bankman-Fried posted on X for the first time since January 2023, expressing his views on the recent mass layoffs in the U.S. government. FTT token briefly surged over 29% following Bankman-Fried’s posts.
Quick Take The Pectra upgrade was activated on the Holesky test network at 4:55 p.m. ET yesterday. This activation marks a key phase in stress-testing the upgrade before it is launched on Ethereum’s mainnet. Despite the planned launch, the network has not been finalized since activation.
- 03:51Andre Cronje has created a new project, Flyingtulip, positioned as a high-leverage contract trading protocolNews on March 10th, Sonic (formerly Fantom) co-founder Andre Cronje (AC) has added the tag "flyingtulip founder" to his personal X profile. According to the official website of the project, flyingtulip is positioned as a new generation of intelligent trading protocol that can support more than 50 times leverage trading. The protocol uses adaptive curve technology, which can automatically adjust between constant product and constant sum curves according to real-time market volatility, providing traders with better execution prices while bringing optimal returns for liquidity providers.
- 03:47Market expectations suggest that the Federal Reserve may resume rate cuts as early as JuneIn light of Trump's chaotic tariff policy and federal government layoffs, bond traders are signaling an increasing risk of economic stagnation in the United States. Less than two months into Trump's presidency, there was speculation that he would inject stimulus measures to expand the US economy and continue to put upward pressure on US Treasury yields, but this speculation is quickly being discarded. Instead, traders have been buying short-term U.S. Treasuries in large quantities since mid-February, with a significant drop in two-year Treasury yields. The market expects the Federal Reserve may resume rate cuts as early as June to prevent economic deterioration.
- 03:45Bitcoin Magazine CEO: The US Department of Justice may sell Bitcoin against the President's wishes, causing recent pressure on Bitcoin pricesBitcoin Magazine CEO David Bailey posted on social media, "If the U.S. Department of Justice has been hastily liquidating the Bitcoin held by the U.S. government within three months after obtaining court approval (against the president's wishes), then this can explain Bitcoin's recent price trend." This implies that government sell-offs may be a significant reason for the recent pressure on Bitcoin prices.