Crypto companies, executives and investors have gathered more than any other industry to influence the 2024 election. Crypto now trails only the fossil fuel industry in political spending since 2010. According to watchdog group Public Citizen, the crypto industry will spend an “unprecedented” amount of money in 2024 trying to influence US congressional elections. Crypto … Read more
DeFi Protocols Drops Wrapped Bitcoin After Controversial Partnership It provides an opportunity for competitors to enter the market. Wrapped Bitcoin ownership drama sparks interest in bringing Bitcoin to Defy. On August 9, BitGo Plans announced To transfer control of wrapped bitcoin — or WBTC — to crypto custody platform BiT Global and a joint venture … Read more
PIP Labs unveiled one of the biggest crypto raises this summer. Co-founder Seung Yoon Lee hopes that Story Blockchain can help creators get more out of AI companies. This is the third fundraiser a16z has led for the lead developer behind the story. Seung Yoon Lee started his first startup, a serialized fiction app, when … Read more
Institutional investors increased their bitcoin exposure in the second quarter of 2024, 13F filings show. Bitwise's Matt Haugan called the adoption rate “historic.” But traditional players don't stop there, he said. Spot bitcoin exchange traded funds received more from institutional investors in the second quarter of 2024. That trend is likely to continue. This is … Read more
The Solana Protocol opens a new market for anti-trading for mining memecoins. The new platform enables short squeezes on Solana Memecoins. Crypto's memecoin market has lost $13 billion since July. Solana Protocol Dumpy.fun is launching a new feature that turns its initial purpose – shorting Solana memecoins – on its head. A new market called … Read more
Coinbase Hires Heavyweight Board Members Brooklyn District Attorney Seeks Crypto Analyst The crypto industry offers many opportunities for interesting work. On one hand, you can get paid to create memes for a web3 company. For those with lofty ambitions, the role of chief of staff is growing in this field. So who has been hired … Read more