WLFI$0.1062, the Trump-family-linked crypto project, will soon launch a foreign exchange platform called World Swap, its co-founder, Zak Folkman, said on stage at Consensus Hong Kong. The forex teaser adds to a growing list of products orbiting the project’s USD1 stablecoin as the project positions itself as a full-stack financial ecosystem, with further announcements expected…
Cardano founder Charles Hoskinson said that privacy-focused blockchain Midnight doesn’t have plans to onboard privacy maxis from the zcash and monero communities to the Midnight chain. “You don’t try to get anybody from Monero or ZCash over,” he said during a Q&A session at Consensus Hong Kong on Thursday. “They certainly will come in their…
Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR) the world’s largest corporate bitcoin holder reclaimed its $100 par value during Wednesday’s U.S. session for the first time since mid-January. STRC trading at or above par enables the company to resume at-the-market (ATM) offerings to fund further bitcoin acquisitions. STRC last hit the $100…
The largest realized loss in bitcoin history occurred during last week’s market downturn, shattering previous records as the asset plummeted from $70,000 to $60,000 on Feb. 5. According to Glassnode, the Entity-Adjusted Realized Loss reached $3.2 billion. This metric exclusively tracks the USD value of moved coins sold below their acquisition price while filtering out…
The mood among top venture capitalists at Consensus Hong Kong was not retreat, but recalibration, as the crypto market experienced a prolonged downturn. Hasseeb Qureshi, managing partner at Dragonfly, described today’s venture market as a “barbell:” On one side, proven verticals compounding at scale; on the other, a narrow set of high-risk, next-generation bets. “There’s…
The top Democrat on the U.S. House Financial Services Committee demanded the chairman of the Securities and Exchange Commission explain during a Wednesday hearing what happened with the agency’s enforcement interest in Tron Foundation founder Justin Sun and whether his ties to President Donald Trump have had an influence. Representative Maxine Waters highlighted the U.S….
Hong Kong — Tokenization is gaining traction, but its success depends less on market hype and more on real-world utility, say executives from Ondo Finance and Securitize. “There’s no shortage of firms, of issuers, of companies that are interested in tokenizing,” said Graham Ferguson, head of ecosystem at Securitize, during a panel discussion at Consensus…
The surge in speculation driving prediction markets and leveraged bets on various sectors isn’t reckless, it’s rational, according to CoinFund managing partner David Pakman. In a presentation during Consensus Hong Kong, Pakman reframed the behavior as “economic nihilism,” a calculated response by Gen Z to structural barriers in wealth building. His case started with housing….
Paxful Holdings, which pleaded guilty last year to accusations from U.S. authorities that it had fostered illegal prostitution, violated money-laundering laws and knowingly handled criminal proceeds, was sentenced to pay a $4 million penalty, much reduced because of the business’ current ability to pay. The peer-to-peer bitcoin BTC$67,687.47 marketplace that had been popular in Africa…
Even a modest model portfolio allocation to crypto in Asia could drive massive inflows into the market, according to Nicholas Peach, head of APAC iShares at BlackRock. Speaking on a panel at Consensus Hong Kong, Peach said rising institutional acceptance of crypto exchange-traded funds (ETFs) — particularly in Asia — is reshaping expectations for the…
