Stablecoins Surge as Pharma Firm Holds 9% SKY
NovaBay Pharmaceuticals rebrands as Stablecoin Development Corporation, raising $134M to acquire 2.06B SKY tokens (8.78% of supply) and earn staking rewards. $SKY down 1.45%. #Update #Crypto $SKY
Crypto News
General category for all types of news related to the cryptocurrency world.
AI Influencers Compete for $1M Prize
OpenArt and Fanvue launch a $90K AI influencer contest, seeking top virtual personalities across five categories with human judges. #Update #AI
SBF’s Parents Declare His Innocence Amid Controversy
Joseph Bankman and Barbara Fried, parents of Sam Bankman-Fried (SBF), defend their son’s innocence in a CNN interview, claiming all FTX clients were compensated and alleging political motives behind his 25-year sentence. #Update #Legal $BTC
Kalshi Bans Users to Prevent Insider Trading
@Kalshi and @Polymarket implement new trading bans to prevent insider trading amid regulatory scrutiny, coinciding with a bipartisan bill aiming to ban event contracts resembling gambling. #Update #Legal $POLY
OpenAI Faces Massive Protest Over AI Concerns
200 protesters marched to @AnthropicAI, @OpenAI, and xAI in San Francisco, urging a pause on advanced AI model development. Activists seek international agreements for safer AI progress. #Update #Tech
Blackrock CEO: AI Boom Streamlines Markets
Blackrock CEO Larry Fink highlights AI-driven economic growth as tokenization redefines financial infrastructure, enhancing market access and efficiency. #Update #Finance
Influence Drives Product Leadership Success
Jessica Fain emphasizes the importance of influence and empathy for product leaders facing executive time constraints, as discussed on @Lenny’s Podcast. Key skills include adapting communication and leveraging stakeholder conversations. #Update #Leadership
AI Surges: Society Unprepared for Change
Peter Diamandis discusses the rapid pace of AI-driven technological change, highlighting societal and governmental unpreparedness and the democratization of intelligence. #Update #Tech
Prediction Market Surge Fuels New VC Fund
A new venture capital firm, 5c(c) Capital, focused on prediction markets launches with backing from @Polymarket and @Kalshi CEOs, aiming to raise $35M for early-stage investments. #Update #Crypto $USDC
S&P 500 Targets 7700 Despite Turmoil
Market strategist Tom Lee maintains his year-end S&P 500 target of 7,700 despite recent geopolitical turmoil, noting historical trends where markets bottom early during conflicts. The S&P 500 is currently at 6,579.75, down 4.06% year-to-date. #Update #Crypto $SPY (-8) ↘
Crypto Passage Odds Surge to 68%
The CLARITY Act’s passage odds have risen to 68% as crypto firms and banks discuss stablecoin yield compromises in Washington, with a potential April markup by the Senate Banking Committee. #Update #Crypto $USDC
Tokenized Funds Revolutionize Wall Street Dynamics
@BlackRock’s Larry Fink advocates for digital assets and tokenization to enhance financial access in his letter to shareholders, emphasizing the need for systemic upgrades amid rising inequality. #Update #Crypto $BTC $ETH
Oil Crisis Spurs US-Iran Strait Control
U.S. President Donald Trump proposes joint U.S.-Iran control of the Strait of Hormuz, delaying planned strikes, easing oil market pressures. #Update #Geopolitics
US Senators Ban Kalshi Polymarket Wagering
US Senators Adam Schiff and John Curtis propose the Prediction Markets Are Gambling Act to ban sports prediction contracts on CFTC-regulated platforms like Kalshi. #Update #Legal