Swedish payments giant Klarna Bank AB, which is reportedly planning a US initial public offering this year, plans to “embrace crypto,” according to a Feb. 8 post from its CEO Sebastian Siemiatkowski. Siemiatkowski said he had some ideas but asked his followers for their input, prompting responses from some industry executives. The firm processes around…

The US Securities and Exchange Commission requested more time to respond to a motion to dismiss one of the agency’s crypto enforcement cases, citing how its recently created crypto task force could affect its approach in court. In a Feb. 10 filing in the US District Court for the Northern District of Illinois, the SEC…

The number of cryptocurrency venture capital deals declined significantly in the fourth quarter of 2024, indicating that investors are becoming more selective in allocating funds. In PitchBook’s Crypto VC Trends report, the capital market data firm revealed that the total crypto deal count in the first quarter of 2024 was 653. The number of deals had quarterly…

To drive real-world adoption of DePIN, layer-1 blockchain peaq launched the Get Real campaign, which rewards users for contributing to real-world DApps. The decentralized physical infrastructure network (DePIN) sector experienced significant growth in 2024, with its market capitalization surging 132% to surpass $40 billion. The rise is fueled by DePIN’s ability to generate tangible value through everyday…

Daily transaction fees on the Ethereum network have fallen to their lowest level since September 2024, according to data from Token Terminal. Ethereum generated $731,472 in daily fees on Feb. 8, marking the first time in five months that daily revenue dropped below $1 million. The network experienced a similar slump from Aug. 17 to Sept. 8,…

NYSE Arca, a subsidiary of the NYSE Group, has filed on behalf of crypto asset manager Grayscale to launch a spot Cardano exchange-traded fund (ETF). In a Feb. 10 proposed rule change filing to the SEC, NYSE Arca proposed that the stock exchange list and trade shares of a new Grayscale Cardano Trust. If approved, the product…