The company is launching a new investment fund, ‘Crypto Fund 5,’ to support crypto startups at every level of development. They plan to invest over the next ten years, focusing on founders who are creating real-world applications using crypto technology, particularly in payments, finance, and decentralized systems.
Bitmine recently bought 10,000 ETH directly from the Ethereum Foundation for an average of $2,292 per token. This purchase increases Bitmine’s total ETH holdings to 5,180,131 tokens, which represents about 4.29% of all ETH currently in circulation (120.7 million coins), according to a company press release. Bitmine is now 86% of the way to its goal of owning 5% of all existing ETH, a target they’ve dubbed the “Alchemy of 5%.”
Taking to the modern pulpit of X, Hoskinson laments the “insane fatigue” of correcting the unwashed masses. “Scaling,” he proclaims with the gravity of a man unveiling the Ark of the Covenant, “has been our cross to bear since the halcyon days of Shelley.” Layer-2 designs, the eUTXO model, zero-knowledge research-all mere trifles in the grand tapestry of Cardano’s inexorable march toward scalability. “It’s research, darling,” he seems to sneer, “not a tea party.”
Coinbase to Cut 14% of its Jobs Coinbase is reducing its workforce by about 14% due to the current downturn in the cryptocurrency market and the increasing role of artificial intelligence. CEO Brian Armstrong explained the company is streamlining its operations and becoming more focused on AI. This involves simplifying management and creating smaller, more … Read more
This union, as audacious as it is absurd, signals a desperate attempt to drag traditional financial markets into the blockchain era, kicking and screaming if necessary. One can only imagine the boardroom conversations: “Let us take the chaos of cryptocurrency and the boredom of shareholder services, and from this unholy alliance, create something neither fully understands.” The deal, expected to close in January 2027 pending regulatory approvals, leaves us with one burning question: Will this be a harmonious marriage of innovation and tradition, or a divorce waiting to happen, with blockchain as the contentious custody battle?
The crypto market’s in a right frolic after Bitcoin busted through that $80,000 barrier like a bull in a china shop. BTC’s sittin’ at $80,690, up more than 1% since the clock struck midnight UTC. Ether, bless its heart, is laggin’ at $2,370, still dreamin’ of April’s glory days.
According to a recent report, South Korean regulators are proposing changes to rules governing virtual assets, aiming to increase monitoring of activity in this area. However, 27 local cryptocurrency exchanges, through their industry group DAXA, are objecting to the proposed changes. They worry the new rules could disrupt their operations and potentially increase financial risks for customers. The debate now centers on finding the right balance between stricter regulation and protecting the interests of everyday users.
finally, some useful gossip.
Polygon announced on Sunday that its latest update includes a new wallet feature. This feature uses a secure system called a shielded pool to process payments, and relies on zero-knowledge proofs to verify transactions, as part of its work with Hinkal.