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.

Bitwise CIO: On-chain finance is ‘arriving sooner than expected’

Bitwise CIO Matt Hougan declared that on-chain finance has crossed a historic threshold, arriving "sooner than expected" due to its critical role during the Middle East crisis. When Iran-related escalations intensified over the weekend and traditional markets were closed, platforms like Hyperliquid became essential real-time hedging tools, providing live oil price data and seeing its token HYPE surge 30%. Tether Gold also experienced a massive volume spike, reaching $300 million in daily trades as investors sought safe-haven assets. Prediction markets like Polymarket recorded all-time high activity. Hougan argues that crypto’s performance during this period will accelerate institutional adoption, comparing the shift to disruptive technologies like Netflix and the iPhone. Despite some criticism about added friction and risks, the weekend demonstrated that on-chain finance is becoming an unavoidable part of the global financial system.

ambcrypto03/04 22:02

Bitwise CIO: On-chain finance is ‘arriving sooner than expected’

ambcrypto03/04 22:02

Solana processes 8x transactions more than BNB Chain – Details

While the broader crypto market moved sideways in February 2026, Solana's on-chain activity surged, processing 3.4 billion transactions—an 11% increase from January. This volume was eight times greater than that of the next largest network, BNB Chain, which handled 424 million transactions. Although Ethereum's mainnet saw only 62 million transactions, its Layer-2 networks like Base and Arbitrum absorbed significant activity. Solana also saw strong institutional support with nearly $950 million in net inflows into its ETFs. Despite a 12% monthly price decline to around $90, realized loss data suggests the worst of the selling pressure may be over, with the market entering a more stable phase.

ambcrypto03/04 21:01

Solana processes 8x transactions more than BNB Chain – Details

ambcrypto03/04 21:01

Coinbase, Microsoft disrupt Tycoon 2FA phishing network linked to credential theft

Coinbase, in collaboration with Microsoft, Europol, and other partners, has successfully disrupted the Tycoon 2FA phishing-as-a-service platform. This criminal toolkit enabled attackers to steal login credentials and bypass multi-factor authentication (MFA) by using cloned login pages that mimicked trusted services like Microsoft 365. The operation involved seizing key domains through legal action and dismantling the infrastructure powering the service. Coinbase's investigation traced cryptocurrency payments funding the platform, which operated on a subscription model, and attributed its administration to an individual based in Pakistan. The takedown highlights the significant threat phishing poses to the crypto sector, where social engineering remains a major cause of financial losses. This coordinated effort targeted both the operational infrastructure and the financial networks supporting such cybercrime.

ambcrypto03/04 17:06

Coinbase, Microsoft disrupt Tycoon 2FA phishing network linked to credential theft

ambcrypto03/04 17:06

Paraguay Plans First State-Run Bitcoin Mining Project

Paraguay's state power utility ANDE has signed a memorandum of understanding with crypto infrastructure firm Morphware to explore a state-run Bitcoin mining operation. This marks a shift from hosting private miners to a utility-controlled model. The partnership will analyze using seized mining equipment—reportedly around 30,000 units—to monetize underutilized electricity. An initial pilot may deploy 1,500 confiscated ASICs near existing substations. ANDE would own and operate the miners, while Morphware provides technical support. The initiative aims to turn idle energy into revenue while aligning with national energy and digital infrastructure strategies.

bitcoinist03/04 14:32

Paraguay Plans First State-Run Bitcoin Mining Project

bitcoinist03/04 14:32

European Banking Giants Unite: Can the Euro Stablecoin Reshape the Global Crypto Landscape?

A consortium of 12 major European banks, including BNP Paribas, ING, and UniCredit, has announced the launch of a euro-pegged stablecoin, Qivalis, in late 2026. This initiative aims to provide a regulated European alternative to dominant dollar-based stablecoins like USDT and USDC, which currently serve as the de facto monetary standard in the crypto ecosystem. The Qivalis stablecoin will be fully backed by a reserve comprising at least 40% in bank deposits and the remainder in high-rated short-term eurozone government bonds, ensuring high liquidity and reduced risk. The move represents a strategic effort by European institutions to secure a role in the emerging on-chain financial infrastructure, where stablecoins are increasingly functioning as settlement units, payment networks, and sovereign currency representations. Rather than directly challenging dollar stablecoins' liquidity dominance, the project seeks to ensure the euro’s presence in the digital financial landscape, preventing a single-currency monopoly in future on-chain trade and capital flows. This development signals a broader shift: traditional finance is actively entering the digital asset space to redefine its role in an increasingly tokenized economy.

marsbit03/04 13:38

European Banking Giants Unite: Can the Euro Stablecoin Reshape the Global Crypto Landscape?

marsbit03/04 13:38

First Primary Battle: How Is the Crypto Industry Heavily Betting on the Continuation of Trump's Agenda?

The 2026 US midterm primary season begins, with crypto industry super PACs like Fairshake deploying over $288 million to influence key races in Texas, North Carolina, and Arkansas. Their goal is to elect pro-crypto candidates and secure a "pro-crypto Congress" to pass the stalled CLARITY Act, which aims to clarify SEC/CFTC regulatory roles and allow institutional crypto adoption. In Texas, PACs are targeting anti-crypto Democrat Al Green while supporting opponents like Christian Menefee. Similar efforts are underway in North Carolina to unseat incumbents seen as obstacles. The industry is heavily aligned with Trump’s pro-crypto agenda, following his signing of the GENIUS Act for stablecoins in 2025. With the CLARITY Act stuck in the Senate due to partisan disputes and election-year politics, crypto groups are spending heavily in primaries to ensure legislative support. The outcome could determine whether Trump’s crypto policies, like Bitcoin reserves and DeFi deregulation, move forward or face further delays.

比推03/04 12:45

First Primary Battle: How Is the Crypto Industry Heavily Betting on the Continuation of Trump's Agenda?

比推03/04 12:45

Another Bitcoin Miner Shifts To AI: Core Scientific Offloads 1,900 BTC

Core Scientific, one of the world's largest public Bitcoin miners, is accelerating its strategic pivot toward artificial intelligence (AI) and high-performance computing (HPC). According to its recent SEC filing, the company sold 1,900 BTC in January 2025 for $175 million, reducing its holdings from 2,537 BTC to just 630 BTC. It expects to sell substantially all remaining Bitcoin in Q1 2026. The firm has reduced its operational hashrate from 20.1 EH/s to 17.9 EH/s and does not plan further large-scale mining equipment purchases. Instead, capital is being redirected toward HPC infrastructure. This shift reflects a broader industry trend, with other major miners like Bitfarms and Bitdeer also transitioning toward data centers and AI compute services. Bitfarms’ CEO stated that converting even a small site to GPU-as-a-service could generate more income than its entire Bitcoin mining history. Despite the strategic shift, Core Scientific remains a top-10 public Bitcoin miner. Bitcoin is currently trading around $68,200.

bitcoinist03/04 11:42

Another Bitcoin Miner Shifts To AI: Core Scientific Offloads 1,900 BTC

bitcoinist03/04 11:42

Jack Ma Just Concluded an AI Mobilization Meeting, and the 'Soul Figure' of Qwen Left

A major leadership shakeup has hit Alibaba's AI division following a high-level strategic meeting. Ma Yun, along with core executives from Alibaba and Ant Group, convened on March 3rd to signal a full commitment to AI. However, the very next day, Lin Junyang, the 32-year-old P10 technical lead and key architect behind Alibaba’s open-source Qwen large language models, abruptly announced his resignation on social media platform X. Reports suggest the departure was not voluntary. The trigger appears to be an internal restructuring plan for the Qwen team. The plan, from the Tongyi Lab, aimed to break up Lin’s vertically integrated, full-stack team into separate, horizontally divided modules reporting directly to the lab, which would significantly reduce his management scope. This clashed fundamentally with Lin's belief that deep collaboration within a full-process team is essential for LLM innovation. The incident highlights a growing tension within Alibaba between the open-source technical ideals championed by Lin and the company's increasing focus on commercial returns from AI. Despite Qwen's global open-source success—topping Hugging Face downloads with over 1 billion—internal skepticism about its revenue potential and pressure from competitors were mounting. Lin's resignation has sent shockwaves through the global AI community, prompting an outpouring of support. Several key Qwen team members have also resigned. His departure marks a pivotal moment for Alibaba AI, signaling a shift from building open-source technological influence to prioritizing commercial落地 (commercialization). The immediate challenges for Alibaba include potential further brain drain, disrupted development rhythms, and maintaining trust within the open-source ecosystem, all while facing intense competition.

marsbit03/04 11:10

Jack Ma Just Concluded an AI Mobilization Meeting, and the 'Soul Figure' of Qwen Left

marsbit03/04 11:10

ARK Invest Buys Coinbase and Robinhood Shares Amid Market Pullback

ARK Invest increased its exposure to crypto-related stocks by purchasing additional shares of Coinbase and Robinhood during a market downturn on March 3. The firm bought $4.09 million worth of Coinbase shares and approximately $12.06 million in Robinhood shares across three of its ETFs. These acquisitions were made despite both stocks declining that day, reflecting ARK's continued confidence in the long-term prospects of the crypto market and associated trading platforms. Coinbase and Robinhood remain among the top holdings in ARK’s Blockchain & Fintech Innovation ETF (ARKF), with weightings of 5.89% and 4.37%, respectively.

TheNewsCrypto03/04 11:07

ARK Invest Buys Coinbase and Robinhood Shares Amid Market Pullback

TheNewsCrypto03/04 11:07

Transacta Partners with CryptoJets to Support Growing Demand for Crypto Payments in Private Aviation

CryptoJets, a global private jet and helicopter brokerage, has partnered with payment infrastructure provider Transacta to meet the growing demand for cryptocurrency payments in private aviation. The collaboration aims to optimize payment speed, settlement reliability, and geographic coverage for high-value transactions. Through this partnership, CryptoJets can now process large crypto payments and receive fiat currency settlements within 1–2 business days, operating across 180 countries. The move responds to increasing crypto adoption among younger luxury travelers seeking privacy, speed, and flexibility. Transacta, a regulated payment provider licensed in Estonia, the U.S., and Canada, will support CryptoJets in scaling operations while ensuring compliance and a seamless client experience.

TheNewsCrypto03/04 10:35

Transacta Partners with CryptoJets to Support Growing Demand for Crypto Payments in Private Aviation