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,…

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…

What is Tether (USDt)? Tether’s USDt is a stablecoin, a type of cryptocurrency whose value is pegged to a real-world asset. Unlike many cryptocurrencies known for their price swings, Tether’s USDt is designed to maintain a consistent price tied to the US dollar. This price stability makes Tether an appealing option for investors who want to…

Anurag Arjun, co-founder of Avail — a unified chain abstraction solution — and the Polygon layer-2 scaling solution, told Cointelegraph that most current chain abstraction techniques create even more fragmentation of the crypto ecosystem. The tech founder said that each distinct blockchain base layer features its own set of security assumptions, making interoperability between chains…