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.

Gemini, Winklevoss Twins Hit With Class-Action Lawsuit Over Post-IPO Strategy Pivot, Stock Decline

Shareholders have filed a class action lawsuit in New York against crypto exchange Gemini, its co-founders the Winklevoss twins, and other executives. The suit alleges the company misled investors during its September 2025 IPO by presenting a growth strategy focused on expanding its user base and international presence. The complaint claims that just months after the IPO, Gemini abruptly pivoted its business model to prioritize prediction markets, announced a 25% workforce reduction, and exited key international markets in the UK, EU, and Australia. This "Gemini 2.0" strategy, announced in February 2026, allegedly caused the company's stock price to drop over 8%. The stock fell a further 12.9% following the departure of three senior executives and has declined more than 80% from its all-time high. The plaintiffs seek damages for significant losses suffered due to these alleged misleading statements and omissions.

bitcoinist03/21 14:02

Gemini, Winklevoss Twins Hit With Class-Action Lawsuit Over Post-IPO Strategy Pivot, Stock Decline

bitcoinist03/21 14:02

Coinbase to Launch Stock Futures, Why This Is Big For Crypto

Coinbase, a major US cryptocurrency exchange, has announced the launch of stock perpetual futures for non-US traders. This expansion is a significant step in its "Everything Exchange" strategy, moving beyond crypto into traditional assets like stocks and ETFs. The new derivatives allow eligible traders to speculate on the price of major tech stocks (Apple, Microsoft, etc.) and index ETFs (SPY, QQQ) with up to 10x and 20x leverage, respectively, all settled in USDC. These contracts never expire, enabling 24/7 trading. This launch integrates traditional assets with crypto on a single platform, offering new trading and hedging opportunities but also introducing higher risks of volatility and liquidations.

bitcoinist03/21 10:32

Coinbase to Launch Stock Futures, Why This Is Big For Crypto

bitcoinist03/21 10:32

The Second Half of Stablecoins No Longer Belongs to the Crypto World

The article discusses the shift in the stablecoin market from the crypto sector to traditional finance, highlighted by Mastercard's acquisition of BVNK for up to $1.8 billion in March 2026. This move came after Coinbase abandoned a $2 billion deal for BVNK months earlier, signaling intensified competition for stablecoin infrastructure. BVNK specializes in cross-border payments using a "stablecoin sandwich" model: converting fiat to stablecoins like USDC for blockchain transfer, then back to local currency, reducing transaction times and costs. Its key asset is a suite of global licenses, including EMI from the UK FCA and CASP under EU MiCA, enabling compliance across 130+ countries. Mastercard's acquisition aims to integrate BVNK into its Multi-Token Network (MTN), a private blockchain for tokenized assets, addressing MTN's lack of connectivity with public chains. This enables atomic settlements, 24/7 B2B transactions, and programmable payments. The strategy contrasts with Visa’s partnership-focused approach, emphasizing direct control over infrastructure. The U.S. GENIUS Act (July 2025) provided regulatory clarity, defining stablecoins as non-securities under OCC oversight, which facilitated Mastercard’s move. The deal pressures players like Ripple and traditional correspondent banks, as Mastercard’s global network could disrupt cross-border payment fees. Ultimately, stablecoin evolution is becoming invisible to users—embedded in traditional finance for efficiency, not crypto adoption. Mastercard’s investment secures a foothold in the next-generation payment ecosystem.

marsbit03/21 07:12

The Second Half of Stablecoins No Longer Belongs to the Crypto World

marsbit03/21 07:12

Ethereum vs Solana – No chain has defensible ‘moat’ yet, warns Wintermute CEO

Wintermute CEO Evgeny Gaevoy argues that neither Ethereum nor Solana has established a defensible market position, despite Ethereum's dominance in DeFi TVL ($56 billion vs. Solana's $6.8 billion). He claims Ethereum's value is largely "stuck money" and corporate experiments with limited real-world impact, while Solana, though technologically capable, remains overly reliant on memecoin activity without major new dApps. Gaevoy believes the space remains open for new blockchains to emerge and attract users. Hyperliquid's success supports this view, as it now generates 45% of blockchain fee revenue—surpassing Ethereum (7%) and Solana (13%)—by expanding into commodity trading. Additionally, new corporate chains like Tempo and Circle’s Arc threaten public chains' stablecoin and tokenization advantages by offering lower fees and enhanced security. The competition remains fluid, with no clear winner yet.

ambcrypto03/21 07:05

Ethereum vs Solana – No chain has defensible ‘moat’ yet, warns Wintermute CEO

ambcrypto03/21 07:05

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

On March 12, 2026, BlackRock launched the iShares Staked Ethereum Trust (ETHB), a staking-enabled Ethereum ETF on Nasdaq. Unlike traditional crypto ETFs that simply hold assets, ETHB stakes 70–95% of its ETH holdings through institutional validators like Figment, generating staking rewards. Approximately 82% of these rewards are distributed monthly to investors, with the remainder retained as fees. After management fees, investors can expect an annual yield of around 2.3–2.5%. ETHB marks a significant shift in how Ethereum is perceived within traditional finance—from a speculative asset to a yield-generating one. Its approval reflects a regulatory shift following Gary Gensler’s departure from the SEC and signals broader acceptance of staking as a legitimate financial mechanism. This move is expected to encourage other PoS-based crypto ETFs and may redirect substantial institutional capital toward yield-bearing products. While on-chain staking (via native, liquid, or wallet-based options) remains more flexible and potentially higher-yielding for crypto-native users, ETHB enables non-technical investors to access Ethereum’s native yield without direct blockchain interaction. This development reinforces ETH’s evolving role as a productive asset and accelerates the convergence of decentralized and traditional finance.

marsbit03/21 04:07

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

marsbit03/21 04:07

Chainlink Maxi Shares Why LINK Is A Better Institutional Bet Than XRP

In a controversial post, Chainlink ambassador Zach Rynes sparked debate by arguing that LINK is a superior institutional investment compared to XRP. He criticized Ripple for prioritizing equity shareholders over XRP token holders, claiming the company uses XRP sale proceeds to fund corporate acquisitions and stock buybacks that don’t benefit token investors. Rynes dismissed the XRP Ledger as an "obsolete ghost chain" with minimal market share in real-world assets and stablecoins, while highlighting Chainlink’s dominance in DeFi, institutional partnerships, and structurally aligned incentives—noting that even Chainlink employees are rewarded in LINK, not equity. Ripple’s former CTO, David Schwartz, countered that Ripple’s consistent XRP sales created lower entry prices for buyers, a claim Rynes rejected as "elite-tier gaslighting."

bitcoinist03/21 03:01

Chainlink Maxi Shares Why LINK Is A Better Institutional Bet Than XRP

bitcoinist03/21 03:01

Cursor's "Shelling" Kimi Controversy Reverses: From Infringement Allegations to Authorized Cooperation, China's Open-Source Models Once Again Become the Global AI Foundation

On March 20, AI programming tool Cursor (parent company Anysphere, valued at $29.3 billion) released its self-developed model Composer 2, claiming performance improvements through continued pre-training and reinforcement learning, without disclosing the base model source. Shortly after, a captured API request revealed the model ID as "kimi-k2p5-rl-0317-s515-fast," suggesting it was built on Kimi K2.5. Moonshot AI’s pre-training lead Du Yulun initially accused Cursor of violating Kimi’s modified MIT license, which requires commercial products exceeding certain revenue or user thresholds to credit Kimi model usage. The controversy gained traction with Elon Musk’s public comment. However, the situation reversed when Moonshot AI officially congratulated Cursor, clarifying that the usage was authorized through Fireworks AI’s commercial platform. Cursor’s co-founder Aman Sanger and VP Lee Robinson later explained that Kimi K2.5 was selected as the strongest base model after evaluation, and Composer 2 involved significant additional training by Cursor. They admitted failure to credit Kimi initially was a mistake. This incident highlights the growing influence of Chinese open-source models in the global AI ecosystem, as noted by Hugging Face’s CEO. It also serves as indirect validation for Moonshot AI, which is currently raising funds at a $18 billion valuation, suggesting its technology may be even more valuable than estimated.

marsbit03/21 01:52

Cursor's "Shelling" Kimi Controversy Reverses: From Infringement Allegations to Authorized Cooperation, China's Open-Source Models Once Again Become the Global AI Foundation

marsbit03/21 01:52

Weekly Selection丨Crypto Welcomes New Regulations but Bitcoin Doesn't Rise, TAO Still Hot

This weekly roundup from PANews covers major developments in crypto regulation, AI integration, and market trends. In a landmark move, US regulators SEC and CFTC jointly issued new guidance clarifying that most crypto assets are not securities, providing legal clarity for Bitcoin and major cryptocurrencies. Despite this regulatory progress, Bitcoin's price did not see significant gains. The AI sector remains a focal point, with discussions comparing Nvidia's Jensen Huang to Satoshi Nakamoto and exploring how AI is reshaping finance through tools like AI researchers and autonomous agents. Bittensor (TAO) continues to gain traction, with its subnetworks distributing substantial daily value. Institutional adoption accelerates as Nasdaq receives approval for tokenized stock trading, and S&P 500 indices debut on Hyperliquid. Meanwhile, meme coin platform Pump.fun surpasses $1 billion in cumulative revenue, though the NFT and metaverse real estate markets show signs of a severe downturn. Key market updates include MicroStrategy's continued Bitcoin acquisitions, FTX's planned $2.2 billion creditor distribution, and central banks maintaining steady interest rates. The intersection of AI and crypto is further highlighted by practical applications, such as AI-powered prediction markets generating profits.

marsbit03/21 01:36

Weekly Selection丨Crypto Welcomes New Regulations but Bitcoin Doesn't Rise, TAO Still Hot

marsbit03/21 01:36

SMCI Involved in AI Smuggling, Munger's Advice for Ordinary People to Turn Their Lives Around...

This article summarizes recent discussions among crypto influencers on X platform. Key topics include: 1. **SMCI AI Smuggling Case**: Reports detail an incident involving the alleged smuggling of AI technology, with linked images and an extended reading source. 2. **Charlie Munger's Advice for 2026**: The late investor's principles are highlighted, emphasizing the pitfalls of hesitation (lack of conviction) and going all-in (allowing no room for error). The advice is praised as timeless wisdom that resonates more with experience. 3. **Making 1 Million in Crypto**: A discussion on the perceived simplicity versus the actual difficulty of achieving significant profits in the cryptocurrency market. 4. **Macroeconomics, Policy & Black Swans**: Commentary on broader economic conditions, potential policy changes, and unforeseen market risks. The article concludes with links to the publisher's social media channels and a disclaimer that the content consists of personal opinions and does not constitute investment advice.

比推03/20 23:05

SMCI Involved in AI Smuggling, Munger's Advice for Ordinary People to Turn Their Lives Around...

比推03/20 23:05

Grayscale files for HYPE ETF as Hyperliquid gains traction despite mixed ETF flows

Grayscale has filed an S-1 form with the SEC for a proposed HYPE ETF, an early step toward launching an exchange-traded product tied to the Hyperliquid trading network's native asset. This move signals a strategic institutional shift toward DeFi infrastructure. The filing follows Hyperliquid's growth, including new S&P 500 perpetual contracts and rising TVL. HYPE's price surged from below $30 in early March to nearly $40, reflecting growing interest. However, broader crypto ETF flows are mixed, with recent daily outflows of $225.8 million, suggesting capital may be rotating into new narratives rather than exiting the market entirely.

ambcrypto03/20 23:02

Grayscale files for HYPE ETF as Hyperliquid gains traction despite mixed ETF flows