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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.

Tether Signs Big Four Auditor, Circle's Compliance Moat Collapses, Stock Plummets 20%

Tether, the world's largest stablecoin issuer, has announced it has engaged one of the Big Four accounting firms to conduct its first-ever comprehensive independent financial audit. This move is seen as a major step toward transparency for the company, which has long faced scrutiny over its reserve backing. The announcement had an immediate market impact, with shares of its competitor Circle, issuer of USDC, plummeting up to 20%. The audit is positioned as a turning point for Tether, which paid nearly $60 million in fines in 2021 following investigations by the New York Attorney General and the CFTC over misrepresentations about its reserves. While Tether has since published quarterly attestations, this full audit is considered a significant upgrade in legitimacy. This development directly challenges Circle's key advantage of perceived regulatory compliance and transparency. With a market cap of over $184 billion, Tether's newfound transparency could solidify its dominant position and attract more institutional capital. The article also details Tether's broader compliance strategy, including the launch of a fully U.S.-regulated stablecoin, USAT, designed to comply with the GENIUS Act. Furthermore, Tether has enhanced its cooperation with law enforcement, assisting in numerous investigations and freezing billions in assets linked to illicit activity. In conclusion, Tether's audit marks a pivotal moment for the entire stablecoin industry, signaling a shift towards greater institutionalization and transparency that aligns with traditional financial standards.

Odaily星球日报03/25 13:39

Tether Signs Big Four Auditor, Circle's Compliance Moat Collapses, Stock Plummets 20%

Odaily星球日报03/25 13:39

CZ Got Rugged Too? Bloody Battle for Control of BNB Treasury CEA Industries

CZ, the founder of Binance, appears to have fallen victim to a major financial scheme involving CEA Industries (NASDAQ: BNC), a company he selected to manage a BNB treasury initiative. Despite CZ’s trust in David Namdar, founder of Galaxy Digital and CEO of 10X Capital, the company has been accused of acting as a "private ATM" for insiders. In 2025, CEA Industries raised $500 million in private funding led by YZi Labs to implement a BNB reserve plan. However, by late 2025, conflicts erupted between YZi Labs and CEA’s board, chaired by Namdar. YZi Labs, a major shareholder with 9.4% stake, accused the board of financial misconduct, including millions in questionable payments to 10X Capital and a $1.98 million exit package for Namdar upon his March 2026 resignation. Despite YZi Labs' efforts to gain control by expanding the board—including proposing CZ as a director—Namdar’s board resisted fiercely. They delayed the annual meeting and implemented a "poison pill" strategy, making a takeover prohibitively expensive and difficult. YZi Labs now claims the company is an empty shell with no active management. The battle for control continues, with YZi Labs vowing to pursue action, but Namdar has largely succeeded in stripping the company of value before exiting.

Odaily星球日报03/25 13:16

CZ Got Rugged Too? Bloody Battle for Control of BNB Treasury CEA Industries

Odaily星球日报03/25 13:16

BYDFi Expands European Reach with Next Block Expo 2026 Sponsorship in Warsaw

BYDFi, a global crypto trading platform, is sponsoring Next Block Expo 2026, held in Warsaw, Poland, on March 24-25. The event is a major crypto and blockchain gathering in Central and Eastern Europe, featuring over 140 speakers and numerous Web3 participants. At the expo, BYDFi is engaging with attendees, sharing product insights, and hosting a mystery blind-box giveaway with limited-edition merchandise, including items from its partnership with Newcastle United. The company emphasizes its commitment to reliability, clear communication, and a user-first approach in the evolving market. Additionally, BYDFi is preparing to celebrate its 6th anniversary in April with a month of community activities and rewards.

TheNewsCrypto03/25 10:56

BYDFi Expands European Reach with Next Block Expo 2026 Sponsorship in Warsaw

TheNewsCrypto03/25 10:56

43-Year-Old OnlyFans Helmsman Passes Away; He Once Bought ETH into the Company's Balance Sheet

Leonid Radvinsky, the 43-year-old Ukrainian-American majority owner of OnlyFans, has passed away after a long battle with cancer. Under his leadership since acquiring 75% of the parent company Fenix International in 2018, OnlyFans grew into a subscription-based content platform valued at approximately $18 billion, with over 377 million users and 4.63 million creators. Radvinsky maintained a low public profile but quietly engaged with crypto initiatives. In 2022, OnlyFans introduced NFT profile picture verification via Ethereum, marking its first step into web3. That same year, Fenix International purchased $19.9 million worth of ETH, recording it on its balance sheet, though it later wrote down $8.46 million due to market declines. The company also donated 500 ETH (then around $1 million) to Ukraine DAO in support of war relief efforts. Although OnlyFans never integrated crypto payments, its founder Tim Stokely later launched Zoop, an NFT trading card platform on Polygon, applying the creator-paid subscription model to web3. In 2025, Zoop and HBAR Foundation even submitted a bid to acquire TikTok’s U.S. operations with plans to incorporate token incentives and NFT-based creator monetization—though the deal did not materialize. Radvinsky’s tenure transformed OnlyFans into a financial powerhouse, generating over $6 billion in annual transactions and paying out more than $700 million in dividends in 2024 alone.

marsbit03/25 10:05

43-Year-Old OnlyFans Helmsman Passes Away; He Once Bought ETH into the Company's Balance Sheet

marsbit03/25 10:05

What NYSE’s ‘strategic’ 24/7 platform means for Ethereum and RWAs

Tokenization is a key use case demonstrating stablecoin utility, with Ethereum currently dominating the real-world asset (RWA) market, accounting for 58% of its nearly $27 billion value. However, the New York Stock Exchange (NYSE) has partnered with Securitize to launch a 24/7 tokenized securities platform, potentially challenging Ethereum’s lead if scaled on alternative networks. Amid macroeconomic uncertainty, including high oil prices and inflationary pressures, capital is shifting toward tokenized assets like U.S. Treasuries, which surged 21% this month. Tokenized stocks also hit a $1 billion all-time high, up 20%, highlighting blockchain’s resilience and growing on-chain liquidity. NYSE’s move is seen as a strategic step to legitimize risk assets and capitalize on this momentum, signaling institutional-level confidence in RWAs and potentially reshaping the competitive landscape for Layer-1 networks.

ambcrypto03/25 10:04

What NYSE’s ‘strategic’ 24/7 platform means for Ethereum and RWAs

ambcrypto03/25 10:04

Solana Foundation Launches Developer Platform — TradFi And DeFi Giants Join The Push

The Solana Foundation has launched the Solana Developer Platform (SDP), an API toolset designed to help corporations and financial institutions build and deploy blockchain-native products. The platform, described as "AI-ready," consolidates key Solana ecosystem infrastructure into a single interface to lower technical barriers and ensure compliance and scalability. SDP is structured around three core API modules: issuance, payments, and trading. The issuance module enables the creation of tokenized deposits, stablecoins under the U.S. GENIUS Act, and real-world assets (RWAs). The payments module supports fiat and stablecoin flows for B2B, B2C, and P2P transactions. A trading module, scheduled for late 2026, will enable atomic swaps and on-chain FX. Major traditional finance players like Mastercard and Western Union are participating in pilot programs. Mastercard will use SDP for stablecoin settlement, while Western Union is testing cross-border payments. The platform integrates with infrastructure partners across node services, wallets, compliance, and ramps, and supports AI coding tools like Claude Code and Codex.

bitcoinist03/25 09:38

Solana Foundation Launches Developer Platform — TradFi And DeFi Giants Join The Push

bitcoinist03/25 09:38

NYSE and Nasdaq Enter the Fray, U.S. Stock Tokenization Begins Close Combat

On March 24, the New York Stock Exchange (NYSE) announced a partnership with tokenization platform Securitize to develop a digital trading platform for tokenized securities. Just six days earlier, the SEC approved Nasdaq’s rule amendments to enable tokenized versions of Russell 1000 stocks and major index ETFs. The two largest U.S. stock exchanges unveiled their tokenization strategies in the same month, marking a significant acceleration in institutional adoption. Throughout March, multiple major players advanced tokenization initiatives. Nasdaq partnered with Kraken’s parent company Payward to offer tokenized stock distribution for non-U.S. users. S&P Dow Jones licensed its flagship S&P 500 to on-chain protocol Trade.xyz for perpetual contracts on Hyperliquid. Invesco, managing $2.2 trillion in assets, took over Superstate’s $967 million on-chain treasury fund. The House Financial Services Committee also held a hearing titled "Tokenization and the Future of Securities." Notably, Nasdaq and NYSE are pursuing different technical approaches. Nasdaq’s model integrates with the existing Depository Trust Company (DTC) system, using blockchain as an optional layer while maintaining unified liquidity and settlement. In contrast, NYSE is building a separate, blockchain-native infrastructure with Securitize as its digital transfer agent, aiming for 24/7 trading and near-instant settlement. Regulatory progress is also advancing, including the CLARITY Act moving toward markup and an SEC no-action letter allowing DTC to offer tokenization services. Compared to global peers like Switzerland’s SDX and London’s LSEG, which took years to launch limited tokenization platforms, U.S. exchanges are moving at an unprecedented pace—Nasdaq plans to begin tokenized trading as early as Q3 2026.

marsbit03/25 08:34

NYSE and Nasdaq Enter the Fray, U.S. Stock Tokenization Begins Close Combat

marsbit03/25 08:34

Those Who Can't Buy Anthropic Are Driving Its Shadow Stock to 16 Times Its Value

A new closed-end fund, VCX, listed on the NYSE, saw its share price surge to 16 times its net asset value due to high demand for exposure to Anthropic, which holds a 21% stake in the fund. Anthropic, recently valued at $380 billion in a private funding round, is not publicly traded, making VCX one of the few ways for retail investors to gain indirect access. The fund's limited liquidity, with most shares locked until September, amplified buying pressure. Similar funds without significant Anthropic or OpenAI stakes performed poorly, highlighting that the frenzy is specifically tied to AI-related FOMO. However, the premium is considered temporary, as it may vanish once Anthropic and other held companies like SpaceX go public, expected in 2026-2027. The phenomenon reflects broader investor anxiety about missing out on transformative AI companies that are reshaping industries while remaining private longer.

marsbit03/25 08:05

Those Who Can't Buy Anthropic Are Driving Its Shadow Stock to 16 Times Its Value

marsbit03/25 08:05

The Safest Middleman in the Chip Industry Is Taking the Most Dangerous Path

Arm, the semiconductor IP licensing giant, is embarking on a high-risk strategic shift by developing its own data center CPU, the Neoverse V3-based AGI CPU. This move, its first in-house chip in 35 years, aims to catapult the company's annual revenue from $4 billion to a targeted $15 billion for its chip business by 2031. This ambitious goal requires creating a new business line nearly the size of Intel's entire data center division. The core driver is the threat from its largest customers. Major cloud providers like AWS, Google, and Microsoft are increasingly designing and deploying their own powerful Arm-based server chips (Graviton, Axion, Cobalt), capturing the chip profits while Arm earns only licensing fees and royalties. This trend places a visible ceiling on Arm's traditional revenue growth from the data center sector. By building its own chip, Arm is now competing directly with its own licensees. While its first customer, Meta, lacks a mature in-house chip program, the strategy risks alienating key partners like Amazon and Google. Arm's bet is that the explosive growth of AI-driven data center demand, particularly for CPU-based AI inference tasks, is large enough to support both its new chip business and its ongoing IP licensing model. The success of this unprecedented dual-role strategy hinges on navigating this inherent conflict.

marsbit03/25 08:01

The Safest Middleman in the Chip Industry Is Taking the Most Dangerous Path

marsbit03/25 08:01

$635M in, $405M out – How the Fed quietly shook the crypto market

The crypto market slowed last week, with many attributing the decline to Middle East tensions. However, the primary driver was the U.S. Federal Reserve's cautious policy signals. According to CoinShares, digital asset investments saw $230 million in inflows—significantly lower than previous weeks. Notably, $635 million entered just before the Fed meeting, but $405 million exited shortly after, indicating investors are highly sensitive to interest rate expectations. Bitcoin led with $219 million in weekly inflows, though short-Bitcoin products also gained $6 million, reflecting mixed sentiment. Solana remained strong with $17 million inflows over seven weeks, while Ethereum saw $27.5 million in outflows. Chainlink and Hyperliquid attracted $9.1 million combined. Despite price declines—ETH and HYPE fell ~6.7%, BTC dropped ~4%, and SOL dipped only 2%—capital continued flowing in. User activity was highest for Chainlink, while Solana maintained steady social volume. The Altcoin Season Index read 47, below the 75 threshold for a confirmed altcoin season, but sustained inflows suggest a potential buildup toward a broader rally. Institutional behavior showed a "buy the dip" mindset rather than panic selling.

ambcrypto03/25 06:32

$635M in, $405M out – How the Fed quietly shook the crypto market

ambcrypto03/25 06:32

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