The Ethereum Foundation allocated $120 million of Ether to decentralized finance (DeFi) protocols, responding to community concerns about the foundation’s reliance on ETH sell-offs for funding. On Feb. 13, the Ethereum Foundation’s multisignature address deposited 4,200 Ether into Compound, 10,000 ETH into Spark and 30,800 ETH into Aave. With ETH hovering at around $2,600, the…

Multinational payment services giant Mastercard reported that it had tokenized 30% of its transactions in 2024; it also recognized stablecoins and other cryptocurrencies’ ability to disrupt traditional financial services. In a filing with the US Securities and Exchange Commission, the company said it achieved significant developments toward its goal of “innovating the payments ecosystem,” including tokenizing transactions,…

US President Donald Trump has officially signed an executive order to place reciprocal tariffs on the country’s trading partners, which included provisions for non-monetary policies and defined value-added taxes (VATs) as meeting the criteria for a reciprocal import tax. President Trump tapped Secretary of Commerce Howard Lutnick, Secretary of State Marco Rubio, and Secretary of…

The price of Ether jumped 3.5% as CBOE BZX Exchange filed on behalf of asset manager 21Shares to introduce staking to its spot Ether exchange-traded fund (ETF). Ether jumped 3.5% to $2,776 on the news before pulling back to $2,729 at the time of publication, according to CoinMarketCap. 21Shares wants to stake a portion of Ether…

Franklin Templeton, a US-based financial services company with $1.6 trillion worth of assets under management, announced on Feb. 12 that it had launched its OnChain US Government Money Fund (FOBXX) on layer-1 blockchain Solana. The move marks the latest expansion of FOBXX, which launched in 2021, to another blockchain. FOBXX invests nearly 100% of its…

Proposed laws to create strategic Bitcoin reserves in American states could drive as much as $23 billion in demand for BTC if passed, according to an analysis by asset manager VanEck. VanEck analyzed 20 state-level Bitcoin reserve bills and found they would require state governments to collectively buy approximately 247,000 BTC if enacted, Matthew Sigel,…