An ongoing bear market combined with wider global economic struggles has hit crypto firms hard, causing delays, staff layoffs, and AI pivots. This week, crypto protocol Algorand announced it was reluctantly reducing its workforce by 25%. Algorand claimed the “tough” layoff was in response to “the uncertain global macro environment as well as the broader
Electric Capital published a research report on Monday, cataloging 501 distinct sources of real-world yield and cross-referencing them against tokenized assets with meaningful on-chain traction today. The venture firm found that only 34 of those yield sources have any on-chain presence above $50 million, and they cluster in familiar territory: U.S. Treasuries, private credit, corporate
Publicly traded AI and blockchain firm Eightco Holdings ($ORBS) has upped its investment in leading artificial intelligence firm OpenAI, making an additional $40 million investment in the firm behind popular chatbot ChatGPT. The investment brings its total backing to $90 million in the firm led by co-founder and CEO Sam Altman, accounting for 30% of
While ETF outflows grabbed attention, about $13b quietly moved into crypto via OTC, prime brokerage, and private funds, showing institutional demand runs deeper than ETF dashboards. Summary A Daily Chain briefing highlights roughly $13b in capital flowing into crypto this week via prime brokers, OTC desks, structured products, and private vehicles that never show up
Representatives from central banks, multilateral institutions and the private financial sector met yesterday (19) in São Paulo, during the MERGE São Paulo event , to discuss the advances and challenges of asset tokenization and digital money in the region. The panel “Tokenization of Money: CBDCs, Tokenized Deposits and the Future of Digital Liquidity” brought together
Circle Internet Group (NYSE: CRCL) surged from its 52-week low of $49.90 on Feb. 5 to roughly $129 by mid-March, gaining approximately 160% while broader crypto markets continued to fall. The rally followed five simultaneous catalysts that prompted Wall Street to stop treating CRCL as a crypto proxy and start modeling it as payments infrastructure.
The U.S. Department of Justice unsealed an indictment charging Super Micro Computer (SMCI) co-founder Yih-Shyan “Wally” Liaw and two associates with smuggling $2.5 billion in Nvidia (NVDA) AI servers to China. SMCI shares plunged 28% while Nvidia fell 4.8% as the highest-profile U.S. AI chip export enforcement case rattled markets. How the Alleged Scheme Worked
The World Trade Center in São Paulo hosted today (18) the first day of MERGE São Paulo 2026 open to the public, an event that brought together leaders from the financial and crypto-asset sectors to discuss the future of digital assets. The dominant theme of the day was unequivocal: stablecoins have ceased to be a
When Vanity Fair published “Crypto’s True Believers Demand to Be Taken Seriously” on Mar. 17, the backlash arrived within hours. Hayden Adams said he had passed on the shoot after being asked to pose in a bathrobe in a sauna. Camila Russo called the framing “so off.” Nic Carter compared the group photograph to the
UBS, the Swiss multinational investment bank and one of the world’s largest wealth managers, has obtained final approval from the Office of the Comptroller of the Currency (OCC) to convert UBS Bank USA into a nationally chartered bank, the company announced in a LinkedIn post. With the national charter, UBS aims to bolster its US