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View More NewsBitcoin will draw trillions of dollars from institutional investors over the next decade as financial advisers, family offices, pension plans and sovereign wealth funds begin to view it as a mainstream financial asset, Bitwise Chief Investment Officer Matt Hougan told CoinDesk.The first professional investors to allocate at scale will be financial advisers and family offices, Hougan said in an email interview on Friday. The shift, said Hougan, is already visible in 13F filings for spot bitcoin ETFs and in moves by large wealth firms, including Morgan Stanley and Wells Fargo, to make bitcoin more accessible to clients.Over time, Hougan expects…
Ether.fi has captured roughly $223 million in annualized fees and about $51 million in annualized revenue. In the second quarter, it earned $41 million in gross revenue and nearly $10 million in earnings after rewards and other costs, with only $30,000 of value distributed to ETHFI holders through buybacks.The split lands as Ethereum’s staking economics are under debate.A group of Ethereum researchers, one from the Ethereum Foundation, proposed this week that the network stop paying people to stake once half of all ether is locked up. Under the current setup the payment never falls to zero no matter how much…
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From Jane Bambauer’s and my brief in Patterson v. Meta Platforms, Inc., pending now before New York’s highest court (for more on the case, see the lower court opinions)—many thanks to our excellent local counsel Vivek Tata, Molly O’Keefe, and…
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In what we know as the Middle East, a dramatic jump in the emerging pattern of human violence took place around 5500 BCE, the primary evidence being circumvallation, the construction of walled fortifications around population centres.Circumvallation was not unprecedented. The massive and fabled walls of Jericho appeared around 8000 BCE. Twelve feet high and six feet thick, an estimated 1,800 feet in circumference, the walls were a mute indicator of both the place’s unprecedented wealth—perhaps derived from trading Dead Sea salt—and the need to protect it. But these fortifications stood alone for 2,500 years; and then, rather suddenly, equivalents began…
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Crypto perpetual futures trading volume on centralized cryptocurrency exchanges (CEXs) fell to $4 trillion in July, marking a 31-month low last seen in December…
In brief A Flock presentation obtained via public records shows a planned Nexar partnership using ~350,000 Uber, Lyft, and delivery dashcams to scan plates…
Max Friedman is a rising third-year law student at the University of Memphis. This is the second entry in a series on antisemitism and…
Additionally, the OFAC also sanctioned a network of foreign exchange houses, shell companies and individuals on Friday that it said helped Iran’s shadow banking…
Polymarket is set to lobby for authorization of prediction markets in Japan, according to a Bloomberg report on Friday.The decentralized prediction market platform has…
Bitcoin (BTC) has trended up for 90 days and is seeing a “bull market rally,” analysis says.Key points:Bitcoin has trended up for 90 days…
from the government-by-ostrich dept The fuckery that is going on across HHS and vaccine programs is just plain incredible. As the Trump administration continues…
As Republicans and Democrats continue their mid-decade redistricting grudge match that could determine which party controls Congress after November, Americans may learn a truism…
Crypto majors bitcoin BTC$75,399.24 and ether (ETH) head into the weekend having been confined to a tight trading range over the past four days,…
THORChain said a malicious node operator exploited a vulnerability in its GG20 threshold signature system to drain about $10.7 million from one of the…
In brief House Republicans opened an insider trading probe into Kalshi and Polymarket over insider trading. Rep. James Comer requested records tied to suspicious…
On Thursday, an effort to eliminate gun-free zones on New Hampshire college campuses fizzled out in the state Legislature, when the Senate voted against…
