Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

How Does HashKey Build Institutional-Grade On-Chain Financial Infrastructure?

In a recent "Charting a New Institutional Strategy" event held ahead of Consensus, HashKey Cloud and HashKey CaaS introduced a comprehensive on-chain financial infrastructure solution tailored for institutional clients. The event highlighted the growing demand for secure, efficient, and regulatory-compliant services as institutions enter the crypto ecosystem. Leo, CEO of HashKey’s On-Chain Business Group, expressed optimism about the industry’s compliance-driven future, emphasizing Web3’s potential as transparent and secure financial infrastructure, particularly in regions with less developed financial systems. HashKey Cloud, represented by Product Lead Shen Jun, showcased its institutional-grade staking and yield services, operating under a non-custodial model to enable secure asset tokenization and yield generation. The platform supports multi-chain services and offers insurance-backed staking solutions. HashKey CaaS, introduced by Business Development Manager Yu Yi, provides end-to-end services including asset tokenization, staking for ETFs and digital assets, on-chain transactions, and risk management. It aims to bridge traditional finance with crypto through compliant, globally-trusted infrastructure. The event also featured roundtables with participants from firms like Victory Securities, Zodia Custody, WisdomTree, Ether.fi, Lido, and others, discussing the integration of traditional finance with on-chain yields, new earning opportunities with ETH and BTC, and the tokenization of precious metals as part of the expanding RWA (Real-World Asset) ecosystem. HashKey’s strategic shift from a compliant exchange to an institutional on-chain infrastructure provider underscores its commitment to driving the convergence of traditional and digital asset finance in Hong Kong and globally.

marsbit02/10 03:45

How Does HashKey Build Institutional-Grade On-Chain Financial Infrastructure?

marsbit02/10 03:45

Is There More to Kyle Samani's Exit from the Crypto World?

Kyle Samani, co-founder of Multicoin Capital, recently announced his departure from the crypto industry, sparking controversy due to his subsequent critical remarks. Shortly after leaving, he expressed disillusionment with Web3 and blockchain, claiming they are merely financial ledgers with limited impact—a statement he quickly deleted. He later attacked Hyperliquid, accusing it of facilitating crime and operating opaquely, which many viewed as hypocritical given his past success and influence in crypto. This abrupt shift has led to speculation about underlying reasons for his exit. Analysts note that Multicoin Capital continues investing in Hyperliquid, and co-founder Tushar Jain included it in the firm’s future investment themes, while omitting Samani’s favored DePIN sector. Some, like Ran Neuner, suggest Samani may have been forced out due to internal conflicts, possibly bound by non-compete clauses. Despite Samani’s exit, other industry leaders like Tushar Jain, Haseeb Qureshi, and Chris Dixon reaffirm their belief in crypto’s future. They argue that the industry is maturing, moving from pioneers to builders, and compare its evolution to the early internet—foundational infrastructure must precede broader applications. The consensus remains that crypto’s narrative and potential are far from exhausted.

Odaily星球日报02/10 03:32

Is There More to Kyle Samani's Exit from the Crypto World?

Odaily星球日报02/10 03:32

Matrixdock Expands Gold Token XAUm to Solana, Bringing Institutional-Grade Tokenized Gold to High-Performance Public Chain Ecosystem

Matrixdock, the RWA platform under Matrixport, has expanded its gold-backed token XAUm to the Solana blockchain. This move brings institutional-grade tokenized gold into a high-performance public chain ecosystem, enabling greater scalability for trading, liquidity management, and DeFi applications. Each XAUm token is backed by one troy ounce of 99.99% pure LBMA-standard physical gold, held in institutional vaults and subject to third-party audits. The integration with Solana allows XAUm to natively access Solana’s DeFi ecosystem, starting with liquidity on Raydium and plans to expand into lending markets. Pyth Network will serve as the primary price oracle. By leveraging Solana’s high throughput, low latency, and low transaction costs, XAUm transitions from a static store of value to a programmable financial asset capable of supporting collateralization and liquidity in decentralized finance. The smart contracts have undergone independent audits to ensure security. This follows Matrixdock’s previous work on Solana, including its role in developing Bhutan’s sovereign gold-backed token TER. The expansion reinforces Matrixdock’s position as a key infrastructure provider in the tokenized real-world asset space.

marsbit02/10 03:11

Matrixdock Expands Gold Token XAUm to Solana, Bringing Institutional-Grade Tokenized Gold to High-Performance Public Chain Ecosystem

marsbit02/10 03:11

When On-Chain Lending Systems Converge

Credit is the time machine of the economy, enabling businesses to bring future cash flows into today's decisions. The global credit gap for SMEs in emerging markets is estimated at $5.7 trillion. Recent developments in on-chain lending, such as Kraken's DeFi Earn and Bitwise's vault strategies on Morpho, signal a maturation beyond the speculative cycles of 2022. The ecosystem now integrates vaults for self-custody and transparency, automated risk management by firms like Chaos Labs, and AI-driven optimization engines. Total value locked in lending protocols has grown 150% in two years, with active loans exceeding $40 billion—double the 2022 peak. This evolution reduces operational inefficiencies, lowers credit costs via stablecoins and smart contracts, and enhances accessibility, potentially helping bridge the global credit gap. However, risks like liquidity constraints and curator discretion remain.

marsbit02/10 01:35

marsbit02/10 01:35

Ripple Joins Top 10 Global Private Companies With A $50B Valuation

Ripple has been ranked among the top 10 most valuable private companies globally, with an estimated valuation of $50 billion, according to a widely shared "unicorn companies" list on X. This positions Ripple alongside major AI and fintech firms like OpenAI, ByteDance, and SpaceX. The valuation marks a significant increase from its $40 billion late-2025 financing, suggesting a sharp upward revaluation. Unlike public companies, Ripple's value is shaped by private transactions, including share buybacks at lower valuations in 2022 and 2024. The ranking reframes Ripple as a large-scale payments infrastructure business rather than a crypto-focused narrative. However, with no imminent IPO plans, its valuation remains subject to periodic private market activity. At the time of reporting, XRP was trading at $1.40.

bitcoinist02/10 01:32

Ripple Joins Top 10 Global Private Companies With A $50B Valuation

bitcoinist02/10 01:32

Crypto Morning Brief: MegaETH Mainnet Launches, Backpack Seeks Funding at $1 Billion Valuation

Crypto Morning Brief: MegaETH Mainnet Launches, Backpack Seeks Funding at $1B Valuation Key market developments include comments from White House economic advisor Hassett, who expects slightly lower job data but maintains strong GDP growth projections. Binance's SAFU fund purchased 4,225 BTC worth $300M. Story Protocol delayed its token unlock to 2026, citing a shift toward AI training data licensing. Backpack unveiled its tokenomics: 25% of tokens (2.5B) will be released at TGE, with 24% allocated to points holders and 1% to Mad Lads NFT holders. The team confirmed no insider token allocations—all team tokens are locked until after a planned U.S. IPO. Backpack is in talks to raise funds at a $1 billion valuation. MegaETH announced its mainnet launch alongside an ecosystem frontend called "The Rabbithole." Meanwhile, Bitmine acquired 20,000 ETH ($41M), and Cango sold 4,451 BTC ($305M) to fund its AI infrastructure transition. Metalpha will allocate up to 20% of its annual net profit to Bitcoin purchases. Jump Trading will provide liquidity for equity in prediction markets Kalshi and Polymarket. The article also covers market trends and recommended reads on topics like Bitcoin cycles, RWA token standards, and critiques of crypto market behavior.

marsbit02/10 01:23

Crypto Morning Brief: MegaETH Mainnet Launches, Backpack Seeks Funding at $1 Billion Valuation

marsbit02/10 01:23

CZ's Missed Opportunity: The Cost of a Trillion-Dollar AI Era

In 2014, CZ sold his Shanghai apartment to buy 1,500 BTC—a legendary investment that would have been worth nearly $190 million at its peak. But an even bigger opportunity came years later. In November 2022, amid FTX’s liquidity crisis, Binance signed a non-binding letter of intent to acquire the failing exchange. The deal fell through within days, and FTX collapsed. Unknown to many at the time, FTX held a hidden gem: a 7.84% stake in AI startup Anthropic, acquired in a 2022 funding round. That investment, made before the AI boom, is now worth an estimated $27.44 billion based on Anthropic’s rumored $350 billion valuation. Had the Binance-FTX acquisition proceeded, CZ might have gained control of this stake—potentially the most valuable asset in FTX’s portfolio. Instead, FTX’s bankruptcy estate sold the Anthropic shares to traditional financial firms like Jane Street and Fidelity, netting over $1.3 billion. The article reflects on the missed chance for crypto leaders to influence AI’s top tier and laments what could have been a powerful convergence of crypto and AI.

比推02/09 18:03

CZ's Missed Opportunity: The Cost of a Trillion-Dollar AI Era

比推02/09 18:03

xMoney Expands Domino’s Partnership to Greece, Powering Faster Checkout Experiences

xMoney ($XMN) is expanding its partnership with Domino’s to Greece, following a successful rollout in Cyprus. The collaboration enables Domino’s Greece to accept card payments and digital wallets, including Apple Pay and Google Pay, through xMoney’s embeddable checkout solution. This integration ensures a seamless, secure, and faster payment experience without redirection, handling all sensitive data through compliant infrastructure. The expansion, announced at SuiHub Athens, builds on xMoney’s existing work with Sui ecosystem to broaden real-world payment access in Europe. While the current focus is on fiat payments, both teams are exploring future digital asset payment possibilities. xMoney’s role is to make checkout fast and invisible, allowing brands like Domino’s to prioritize customer experience. The token XMN supports ecosystem growth and aligns with xMoney’s licensed payment infrastructure, enabling scalable, frictionless transactions.

TheNewsCrypto02/09 17:44

xMoney Expands Domino’s Partnership to Greece, Powering Faster Checkout Experiences

TheNewsCrypto02/09 17:44

Bithumb Recovers 99.7% Of Erroneous Bitcoin Airdrop While BMIC Sets New Standards In Security

South Korean exchange Bithumb recovered 99.7% of funds from an erroneous Bitcoin airdrop caused by an internal error, highlighting the risks of centralized exchanges. The incident reignited the "not your keys, not your coins" debate and underscored vulnerabilities in legacy crypto infrastructure. In response, attention is shifting toward proactive security solutions like BMIC ($BMIC), a quantum-resistant protocol designed to protect against future cryptographic threats posed by quantum computing. BMIC uses post-quantum cryptography, zero public-key exposure, and AI-enhanced threat detection to secure transactions and wallets. Its ongoing presale has attracted significant interest as investors seek long-term protection against technological risks.

bitcoinist02/09 17:20

Bithumb Recovers 99.7% Of Erroneous Bitcoin Airdrop While BMIC Sets New Standards In Security

bitcoinist02/09 17:20

The Turn of 'The Greatest Crypto Investor in History' Kyle Samani, and the Mirror Image from a Decade Ago

Kyle Samani, co-founder of Multicoin Capital and one of crypto's most prominent investors, announced in early 2026 that he would step back from daily management to focus on AI, robotics, and life sciences, while maintaining personal crypto investments. His earlier deleted statement expressing disillusionment with Web3 and dApps sparked industry-wide concern, interpreted by some as a loss of faith in crypto’s non-financial applications. Samani’s journey began after his first venture, Pristine—a Google Glass software startup—failed due to platform risk when Google discontinued consumer sales. This experience drew him to decentralized systems, leading to the founding of Multicoin in 2017. Though initially inspired by Ethereum, he became a vocal critic and instead championed Solana, making early and highly profitable investments. Known for his provocative style, Samani aggressively advocated for Solana while dismissing Ethereum’s scalability. Despite successes, Multicoin faced challenges, including significant exposure to FTX’s collapse and criticism over fund management during SOL’s price volatility. Samani’s partial exit mirrors his departure from Pristine a decade earlier—a shift prompted by narrative contraction, not failure. Just as Pristine’s technology eventually found new life through acquisitions and emerging tech, crypto’s current struggles may lead to renewed growth under better conditions, such as improved regulation, infrastructure, or AI integration. The industry’s poised for evolution, not extinction.

比推02/09 15:04

The Turn of 'The Greatest Crypto Investor in History' Kyle Samani, and the Mirror Image from a Decade Ago