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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.

The Full Story of the Zcash Core Team's Exit: A Crypto Version of the OpenAI Drama

Zcash Core Team Departs to Form CashZ, Highlighting Crypto's Non-Profit vs. For-Profit Tension The core development team of Zcash (ZEC), Electric Coin Company (ECC), has collectively left the project's non-profit governance structure, Bootstrap, citing a "clear and persistent misalignment" with Zcash's core mission. ECC CEO Josh Swihart announced the team's departure and the immediate formation of a new for-profit startup, CashZ (CashZ.org), which will focus on commercializing a Zcash wallet to achieve mass adoption. The split stems from a fundamental disagreement on organizational structure. ECC argued that the non-profit Bootstrap model severely constrained funding, incentives, and execution efficiency, hindering scalability. Bootstrap's board, however, expressed concerns that the transition to a for-profit entity could introduce significant legal and political risks to the entire Zcash ecosystem. The situation has been compared to the OpenAI governance drama, representing a recurring industry conflict: the tension between the safety and ethics of a non-profit and the efficiency and scalability of a for-profit company. Following the news, Zcash's price fell approximately 20%, reflecting market unease. Despite the split, the new CashZ team insists the Zcash protocol itself remains unaffected and their mission to build "unstoppable private money" continues.

marsbit01/11 00:10

The Full Story of the Zcash Core Team's Exit: A Crypto Version of the OpenAI Drama

marsbit01/11 00:10

A16z Bets Big On America’s Crypto, Tech Future With $15 Billion War Chest

a16z (Andreessen Horowitz) has raised $15 billion in new capital, marking its largest fundraising round to date. The funds are allocated across multiple sectors: $6.75 billion for growth, $1.7 billion each for apps and infrastructure, $1.176 billion for American Dynamism (defense and supply chains), $700 million for Bio + Health, and $3 billion for other venture strategies. The firm aims to bolster U.S. competitiveness in key technologies like AI and crypto, emphasizing their long-term strategic importance. Despite a decline in overall U.S. venture fundraising in 2025, a16z secured a significant portion of available capital, increasing its assets under management to approximately $90 billion. This positions the firm to heavily influence startup funding and technological priorities, drawing both optimism and concerns about market concentration.

bitcoinist01/10 17:02

A16z Bets Big On America’s Crypto, Tech Future With $15 Billion War Chest

bitcoinist01/10 17:02

Telegram's 'Crypto Accounting': Surging Revenue Behind Net Losses and the $450 Million Token Sale Controversy

Telegram's recent unaudited financials reveal a paradox: while its H1 2025 revenue surged 65% year-over-year to $870 million, it reported a net loss of $222 million. This was primarily due to a sharp devaluation of its TON token holdings, which fell over 73% during the crypto market downturn. Revenue growth was driven by an 88% increase in premium subscriptions ($223 million), a 5% rise in ads ($125 million), and nearly $300 million from its exclusive partnership with the TON blockchain. However, the company’s significant crypto assets led to major accounting losses. Telegram also sold over $450 million worth of TON tokens, sparking community concerns about potential "dumping." Officials clarified that these sales—mainly to long-term investors like TONStrategy (TONX)—came with four-year vesting periods to avoid immediate sell pressure. Founder Pavel Durov emphasized that the move aimed to decentralize TON ownership and fund development, not just cash out. As Telegram eyes a potential IPO by 2026–2027, its deep ties to TON present both a growth engine and a volatility risk. The company recently raised $1.7 billion in convertible notes from investors like BlackRock, but its IPO plans face regulatory and legal hurdles, including ongoing investigations involving Durov in France.

marsbit01/10 14:55

Telegram's 'Crypto Accounting': Surging Revenue Behind Net Losses and the $450 Million Token Sale Controversy

marsbit01/10 14:55

Telegram's 'Crypto Accounting': Surging Revenue Behind Net Losses and the $450 Million Token Sale Controversy

Telegram's recent unaudited financials reveal a paradox: soaring revenues accompanied by net losses. In H1 2025, revenue surged 65% year-over-year to $870 million, driven by an 88% jump in premium subscriptions ($223 million) and a key partnership with the TON blockchain, which contributed nearly $300 million. Despite an operating profit of nearly $400 million, the company reported a net loss of $222 million. This was primarily due to a significant write-down of its TON token holdings, whose value fell over 73% during the crypto market downturn. A major point of controversy was Telegram's sale of over $450 million worth of TON tokens, representing more than 10% of the token's circulating supply. Community concerns about a cash grab were addressed by TONStrategy Chairman Manuel Stotz, who clarified that the sales were to long-term investors like his NASDAQ-listed firm TONX. The tokens are subject to a four-year vesting period to prevent immediate selling pressure. Founder Pavel Durov framed this as part of a strategy to decentralization, aiming to keep Telegram's ownership of TON below 10% to avoid centralization concerns. Telegram's path to a potential IPO is being watched closely. The company has raised significant capital through bonds, including a recent $1.7 billion convertible note with terms favorable to investors if an IPO occurs before 2030. However, an ongoing legal investigation in France involving Durov presents a potential obstacle. With nearly 1 billion monthly active users, Telegram's deep integration with the volatile crypto ecosystem remains a double-edged sword—a major growth driver but also a source of financial risk—that investors must weigh.

链捕手01/10 14:46

Telegram's 'Crypto Accounting': Surging Revenue Behind Net Losses and the $450 Million Token Sale Controversy

链捕手01/10 14:46

BNY Mellon Launches Tokenised Deposit Feature For Institutional Clients — Expert Breaks It Down

BNY Mellon has launched a tokenized deposit feature for institutional clients, operating on a private, permissioned blockchain. This system creates a digital representation of traditional deposit balances, which remain securely held in the bank’s regulated systems. The innovation aims to improve efficiency, enable 24/7 operations, and facilitate near-instant, programmable transfers for collateral, margin, and payments. Key participants, including ICE, Citadel Securities, and Circle, will test the feature in real workflows like collateral management and settlements. The initiative bridges traditional banking with digital infrastructure, enhancing liquidity and reducing friction in financial operations.

bitcoinist01/10 12:47

BNY Mellon Launches Tokenised Deposit Feature For Institutional Clients — Expert Breaks It Down

bitcoinist01/10 12:47

Nasdaq and CME Rebrand Joint Crypto Index to Expand Exposure

Nasdaq and CME Group have rebranded their joint crypto index to the Nasdaq-CME Crypto Index, deepening their long-standing collaboration. The updated index serves as a benchmark for investors seeking diversified exposure beyond single-asset crypto strategies, reflecting growing regulatory clarity and institutional participation. It tracks multiple cryptocurrencies, including Bitcoin, Ether, XRP, Solana, Chainlink, Cardano, and Avalanche, representing a broader market view rather than a Bitcoin-centric approach. The index emphasizes governance, transparency, and institutional risk compliance, with eligibility rules, liquidity thresholds, and quarterly rebalancing. This initiative builds on the decades-long partnership between Nasdaq and CME, which began with Nasdaq-100 futures in the 1990s.

TheNewsCrypto01/10 12:41

Nasdaq and CME Rebrand Joint Crypto Index to Expand Exposure

TheNewsCrypto01/10 12:41

Ripple gains U.K approval as ‘liquidity’ fuels XRP’s 2026 momentum

Despite XRP's price declining by 11.56% in 2025, the broader XRP Ledger (XRPL) ecosystem experienced significant fundamental growth, primarily fueled by a surge in stablecoin adoption. The stablecoin market cap on XRPL grew nearly 300%, with Ripple's native stablecoin, RLUSD, surpassing $1 billion and later reaching $1.38 billion. This massive liquidity influx drove a 4,160% increase in the network's total tokenized asset value, demonstrating strong capital flows. A key development reinforcing this momentum is Ripple's recent official approval to operate in the U.K., granting it legitimacy to expand payment services and work with banks. The stablecoin market cap on XRPL subsequently hit a record $405 million, underscoring the asset's central role in bridging TradFi and DeFi. The substantial liquidity provided by RLUSD enables deeper capital deployment, faster transactions, and stronger throughput on the XRPL. With XRP already up 14% in 2026, this combination of regulatory approval and powerful on-chain liquidity is positioned to fuel a new growth cycle.

ambcrypto01/10 09:02

Ripple gains U.K approval as ‘liquidity’ fuels XRP’s 2026 momentum

ambcrypto01/10 09:02

North Korean Hackers Celebrate a 'Fat Year': Record $2.02 Billion Stolen in 2025, Money Laundering Cycle Approximately 45 Days

North Korean hackers set a record in 2025, stealing $2.02 billion in cryptocurrency, a 51% increase from 2024, despite a decrease in the number of attacks. Their cumulative thefts now total at least $6.75 billion. They achieved this by conducting fewer but more sophisticated attacks, often through infiltrating crypto services with IT workers or using complex impersonation strategies against executives. The overall crypto industry suffered over $3.4 billion in stolen funds. A key trend is the extreme concentration of losses, with the top three hacks accounting for 69% of the total. The disparity between the largest attack and the median hack reached a record 1000x. North Korean actors exhibited distinct money laundering patterns, heavily favoring Chinese OTC services, cross-chain bridges, and mixers. Their laundering cycle for major heists is approximately 45 days, moving through stages of immediate layering, initial consolidation, and final cash-out. Simultaneously, individual wallet thefts surged to 158,000 incidents affecting 80,000 users, though the total value stolen ($713 million) decreased. In a positive development, DeFi hacking losses remained low despite increased Total Value Locked (TVL), indicating improved security measures are having a significant impact. A case study of the Venus Protocol demonstrated effective real-time threat detection and fund recovery.

marsbit01/10 03:10

North Korean Hackers Celebrate a 'Fat Year': Record $2.02 Billion Stolen in 2025, Money Laundering Cycle Approximately 45 Days

marsbit01/10 03:10

Weekly Selection丨Meme Coins Lead the First Wave of the New Year's Market, Venezuela's Bitcoin Holdings Remain a Mystery

PANews Weekly Digest: Meme coins like DOGE, SHIB, and PEPE led the first market rally of 2026, signaling a return of risk appetite. Major themes include 2025 reviews and 2026 forecasts, with institutions like Fidelity predicting a crypto "super cycle" and firms like a16z highlighting trends like privacy chains and AI integration. Venezuela’s alleged secret Bitcoin reserves (estimated at 660k BTC) drew attention amid geopolitical shifts. AI dominated CES 2026, while DeFi and NFT markets showed volatile but recovering traction. Regulatory developments, including China’s reinforced crypto oversight and Walmart’s new BTC/ETH trading service, were also highlighted. The week’s content covers macro trends, investment strategies, and emerging opportunities in Web3.

marsbit01/10 01:33

Weekly Selection丨Meme Coins Lead the First Wave of the New Year's Market, Venezuela's Bitcoin Holdings Remain a Mystery

marsbit01/10 01:33

Morgan Stanley Submits 3 Crypto ETF Applications in 24 Hours, "Catching Up" on Cryptocurrency

Morgan Stanley, one of the world's largest wealth managers, is rapidly expanding its involvement in the cryptocurrency sector. After initially maintaining a conservative stance, the bank has recently accelerated its efforts to catch up with competitors. Within a 24-hour period in early January 2026, Morgan Stanley submitted three separate filings to the SEC for cryptocurrency ETFs: a Bitcoin Trust, a Solana Trust (which includes a staking feature), and a spot Ethereum ETF. The Ethereum ETF also aims to generate yield by staking a portion of its holdings. This move follows a series of strategic shifts throughout 2025. The bank first partnered with infrastructure provider Zerohash to offer crypto trading to retail clients via its E-Trade platform, planned for 2026. It then completely lifted restrictions, allowing all clients—including retirement accounts—to invest in spot Bitcoin ETFs through their wealth advisors. Beyond ETFs, Morgan Stanley announced plans to launch its own proprietary digital wallet later in 2026. This wallet will support the holding and management of cryptocurrencies and focus on tokenized assets, such as traditional securities, private equity, and real estate. According to Wealth Management head Jedd Finn, this initiative is part of a broader strategy to merge traditional finance (TradFi) with decentralized finance (DeFi) ecosystems. This aggressive push mirrors a wider trend of major traditional financial institutions, like Bank of America and Citigroup, also significantly increasing their crypto offerings in 2026. Morgan Stanley's evolving strategy, from cautious observation to active embrace, highlights the ongoing mainstream integration of digital assets and signals a major shift in global financial infrastructure.

marsbit01/10 01:02

Morgan Stanley Submits 3 Crypto ETF Applications in 24 Hours, "Catching Up" on Cryptocurrency

marsbit01/10 01:02

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