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.

A Crypto Gamble That Split a Century-Old Swiss Private Bank?

An internal conflict over cryptocurrency strategy has led to a generational split within the Swiss private banking family behind Banque Syz. Marc Syz left the bank, led by his father Eric Syz, after the board rejected his proposal to integrate Future Holdings AG—a crypto treasury firm—into the bank’s alternative asset division, Syz Capital. Marc, who previously headed Syz Capital, is now pursuing a dual IPO for Future Holdings in Sweden and Switzerland, aiming to build one of Europe’s largest corporate Bitcoin treasuries. The dispute reflects broader tensions within Switzerland’s wealth management sector, where traditional private banks face intense competition and divergent views on innovation. Marc advocated for greater focus on digital assets and AI, warning that some banks rely too heavily on Switzerland’s reputation as a financial safe haven without adapting to new trends. Following the rejection of the merger, Marc and his business partner Richard Byworth resigned from Syz Capital and are launching a new asset management firm focused on alternative investments. Meanwhile, Banque Syz reaffirmed its commitment to alternative investments as a core business pillar and recently appointed Eric’s other son, Nicolas Syz, as CEO. The split underscores both the difficulties of family business governance and the high-stakes divergence in strategy between traditional finance and emerging digital asset models in Switzerland.

marsbit03/23 09:49

A Crypto Gamble That Split a Century-Old Swiss Private Bank?

marsbit03/23 09:49

‘Ownership must be tracked at creation’ – Can Camp Network solve it?

Camp Network, a blockchain startup, proposes using crypto to address challenges in entertainment finance and digital ownership, particularly as AI accelerates content creation. It replaces traditional intermediaries with "on-chain vaults" for programmable ownership and automated revenue distribution, allowing communities to fund projects and share in IP success. The system emphasizes "proof of provenance" to track ownership at creation, ensuring proper attribution and royalties. While the model has attracted investment and industry interest, adoption remains cautious, with executives seeking solutions to real inefficiencies like rights tracking and payment delays rather than added complexity.

ambcrypto03/23 09:33

‘Ownership must be tracked at creation’ – Can Camp Network solve it?

ambcrypto03/23 09:33

The Investment Circle's Shared Answer: Unitree

English Summary: "Unitree, a leading Chinese humanoid robotics company, has officially filed for a科创板 (STAR Board) IPO, marking a potential 'A-share humanoid robotics first stock.' The company, founded by Wang Xingxing, has demonstrated remarkable commercial success, reporting 2025 revenue of approximately RMB 1.708 billion (a 335% year-on-year increase) and a net profit exceeding RMB 600 million, with gross margins nearing 60%. A key to its growth has been the strategic shift from quadruped robots to humanoids. Its humanoid robot sales surged from just 5 units in 2023 to 5,500 in 2025, with the average selling price dropping significantly to RMB 167,600 while maintaining high profitability. The company boasts a star-studded investor lineup, including Meituan, Sequoia China, Matrix Partners, Tencent, Alibaba, BYD, and Geely, reflecting strong industry and capital consensus on the robotics sector. Its IPO is seen as a major milestone, setting a valuation benchmark for the entire industry and opening a crucial exit channel for investors. The broader humanoid robotics market in China is experiencing a financing boom, with over 133 funding rounds in 2026 alone for 115 companies. However, Unitree acknowledges that a key technological challenge remains: the development of a mature 'brain' (embodied AI) for true autonomous decision-making, not just advanced 'cerebellum' movement control. Despite this, its successful commercialization and path to IPO have made it a standout, with early backers like Lei Jun's Shunwei Capital poised for significant returns."

比推03/23 08:19

The Investment Circle's Shared Answer: Unitree

比推03/23 08:19

Gate Releases Latest Reserve Report: Covers Nearly 500 User Assets, BTC Reserve Ratio Reaches 147%

Gate has released its latest Proof of Reserves (PoR) report, demonstrating strong financial health. As of March 16, 2026, the platform's overall reserve ratio stands at 122%, significantly exceeding the 100% industry safety benchmark. The reserves cover nearly 500 different types of user assets, highlighting robust risk management capabilities. Key assets show substantial over-collateralization: BTC reserves are at 147% (25,404 BTC held for 17,216 user BTC), ETH at 122.75%, and stablecoins like USDT, USDC, and GUSD also maintain reserves well above 100%. GT and XRP reserves are reported at 136.84% and 116.54%, respectively. As a global leader founded in 2013, Gate emphasizes security and transparency through measures like 100% reserve commitment, zero-knowledge proofs, and a verifiable reserve mechanism. Serving over 50 million users, the platform continues to expand its product offerings, including TradFi integration and Intelligent Web3 initiatives, aiming to foster a secure and evolving digital asset ecosystem.

marsbit03/23 07:52

Gate Releases Latest Reserve Report: Covers Nearly 500 User Assets, BTC Reserve Ratio Reaches 147%

marsbit03/23 07:52

Hawk Tuah Influencer Says Memecoin Collapse Left Her Traumatized, But Critics Push Back

Hawk Tuah influencer Hailey Welsh says the collapse of the HAWK memecoin in December 2024 left her traumatized. The token surged to a $490 million market cap before crashing over 90% the next day. Welsh claims she was only a promoter, received no profits, and faced death threats after the incident. She was cleared by an FBI investigation and excluded from an investor lawsuit targeting the token’s creators. Despite warnings from the crypto community, she launched the token without fully understanding the risks. Welsh now advises others to avoid crypto entirely. Estimated losses from the failed launch are around $200,000.

bitcoinist03/23 06:01

Hawk Tuah Influencer Says Memecoin Collapse Left Her Traumatized, But Critics Push Back

bitcoinist03/23 06:01

Crypto Industry Lays Off Hundreds in Weeks, Blaming Both AI and Bear Market

The cryptocurrency industry has seen a wave of layoffs in recent weeks, with companies including Algorand, Gemini, Crypto.com, OP Labs, and Messari cutting hundreds of jobs. Official reasons cited range from poor macroeconomic conditions and declining token prices to increased integration of AI to improve efficiency. However, industry observers suggest these layoffs are less about AI replacing human labor and more a result of broader sector consolidation. Key areas like restaking, DePIN, and Layer 2 solutions have significantly contracted, forcing companies into cost-cutting mode. New job postings in crypto have dropped by about 80% compared to last year, indicating a wider market slowdown. The reported layoffs likely represent only a fraction of the actual reductions, reminiscent of the larger downturn seen during the 2022 crypto winter.

marsbit03/23 03:53

Crypto Industry Lays Off Hundreds in Weeks, Blaming Both AI and Bear Market

marsbit03/23 03:53

Funding Weekly Report | 11 Public Funding Events, Prediction Market Platform Kalshi Completes New Round of Over $1 Billion Funding, Valuation Reaches $22 Billion

Last week (March 16-22) saw 11 blockchain funding rounds totaling over $1.086 billion. Key deals include prediction market platform Kalshi raising over $1 billion at a $22 billion valuation, led by Coatue. In AI x Web3, Gency AI secured $20 million from investors including TikTok to expand its decentralized ad network, while Derivio raised $6 million for its AI-native trading platform. In DeFi, Ironlight Group raised $21 million to expand its compliant tokenized securities infrastructure. Infrastructure player Uniblock raised $5.2 million. In CeFi, stablecoin payment platforms TransFi and Dtcpay raised $19.2 million and $10 million, respectively. Republic also received a strategic investment from Hamilton Lane, bringing its total funding to $202 million.

marsbit03/23 01:21

Funding Weekly Report | 11 Public Funding Events, Prediction Market Platform Kalshi Completes New Round of Over $1 Billion Funding, Valuation Reaches $22 Billion

marsbit03/23 01:21

Crypto Firms Cut Jobs Amid AI Integration And Market Pressures – Details

Major crypto firms are implementing significant workforce reductions, strategically driven by aggressive AI integration and ongoing market pressures. Unlike previous downturns, these layoffs aim to combine AI-driven efficiency gains with adaptation to broader challenges. Crypto.com cut 12% of its staff, with CEO Kris Marszalek emphasizing that pairing top performers with AI tools is essential for scalability and precision. Gemini reduced its workforce by 30%, citing losses and a shift toward AI, while Messari also cut jobs to pivot to AI-focused products. Block slashed nearly half its jobs, crediting AI for enabling leaner teams. Despite a bear market with a total crypto cap of $2.39T and significant outflows, the market shows slight signs of recovery, with improved sentiment indicators.

bitcoinist03/22 15:06

Crypto Firms Cut Jobs Amid AI Integration And Market Pressures – Details

bitcoinist03/22 15:06

Turning 200,000 into Nearly 100 Million: DeFi Stablecoin Attacked Again

DeFi stablecoin protocol Resolv Labs was exploited, resulting in a hacker minting 80 million USR tokens using only 200,000 USDC. The attacker’s address (starting with 0x04A2) first created 50 million USR with 100,000 USDC, and later minted another 30 million with an additional 100,000 USDC. This caused USR to depeg, dropping to around $0.25 before partially recovering to approximately $0.80. The incident also impacted related lending markets on Morpho and Lista DAO, which paused new borrowing requests. Additionally, RLP token holders, including Stream Finance—which holds over 13 million RLP tokens—face significant exposure, with estimated losses around $17 million. Initial analysis by DeFi community YAM suggests the exploit occurred because the protocol’s SERVICE_ROLE, which provides minting parameters, was compromised. The system fully trusted this role’s input without on-chain verification or minting limits, allowing the attacker to manipulate the mint amount. The project’s emergency response was also slow, taking nearly three hours to pause the protocol due to multi-signature delays. This attack highlights critical vulnerabilities in off-chain role trust and emergency mechanisms within DeFi protocols.

marsbit03/22 09:47

Turning 200,000 into Nearly 100 Million: DeFi Stablecoin Attacked Again

marsbit03/22 09:47

When Wall Street's ETH Starts to 'Earn': From BlackRock's ETHB to Ethereum's Asset Attribute Shift

Wall Street Embraces Staking: BlackRock's ETHB and Ethereum's Shift to a Yield-Generating Asset On March 12, 2026, BlackRock launched the iShares Staked Ethereum Trust (ETHB) on Nasdaq, a groundbreaking Ethereum ETF that not only holds spot ETH but also stakes a significant portion (70-95%) of its assets to generate and distribute yield to investors. This move effectively answers a long-debated question: whether ETH can be accepted by mainstream finance as a yield-bearing asset. ETHB operates by delegating staking to professional validators like Figment via Coinbase Prime. It distributes approximately 82% of the staking rewards (estimated at 2.3%-2.5% APY after fees) to shareholders monthly, while retaining 18% as service fees and charging a 0.25% annual management fee. This provides a predictable, automated cash flow, though it lacks the compounding effect of native on-chain staking unless investors manually reinvest distributions. This development is significant as it marks the formal entry of staking—a core crypto-native activity—into Wall Street's asset framework. Under new SEC leadership, regulatory barriers have eased, allowing BlackRock to legitimize staking rewards as a viable investment return. This paves the way for other PoS-based ETFs (e.g., Solana, Cardano) and may shift substantial capital from traditional spot ETFs to yield-generating products. While on-chain staking options remain popular (e.g., native staking, liquid staking via Lido/Rocket Pool, or wallet-based staking), ETHB’s introduction signals a broader shift: ETH is increasingly viewed not just as a speculative asset, but as a productive, cash-flow-generating machine. The trend of making assets "work" is now irreversible, whether through traditional financial products or decentralized protocols.

marsbit03/22 06:17

When Wall Street's ETH Starts to 'Earn': From BlackRock's ETHB to Ethereum's Asset Attribute Shift