Algorand Foundation Cuts Workforce By 25% Amid Market Uncertainty

The Algorand Foundation, the organization behind the Algorand layer-1 blockchain, said it had made the “difficult decision” to reduce its headcount by 25% on Wednesday, citing the crypto slump and wider uncertainty. “This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in

Fold Revenue Rises 8% in Q4 Amid Continued BTC Rewards Push

Bitcoin financial services firm Fold reported an 8% surge in revenue in Q4 to $9 million as it gained another 2,000 customers and rolled out more products aimed at integrating Bitcoin reward schemes into consumer spending. The results come just weeks after it released a Fold Bitcoin Rewards Credit Card, a Visa and Stripe-powered product

Bitcoin Trips After FOMC But Bulls May Keep Buying

Key takeaways: Spot market demand through US-listed ETFs and Strategy’s BTC buying supports Bitcoin’s bullish momentum Low leverage among Bitcoin bulls reduces the risk of cascading liquidations even if prices drop another 5%. Rising inflation concerns negatively impact fixed-income returns, paving the way for an eventual rotation from gold into Bitcoin. Bitcoin (BTC) faced a

FOMC Leaves Interest Rates Steady at March Meeting

The effect on energy prices from the Iran war will impact the economy, but the size and scope of the macroeconomic shock are still unknown. The Federal Open Market Committee (FOMC) announced on Wednesday that it would hold the Federal Funds rate steady at 3.5-3.75%, as it monitors macroeconomic impacts from the ongoing war in

Kalshi CEO Fires Back against Arizona Criminal Charges as ‘Total Overstep‘

The prediction markets co-founder said that the company would “abide by court decisions” but signaled that the charges were based partly on political bias and media attention. Tarek Mansour, co-founder and CEO of prediction markets platform Kalshi, has pushed back against criminal charges filed by Arizona authorities this week, claiming that they were a "total

SEC Chair Explains Why NFTs Aren’t Securities

After the US Securities and Exchange Commission (SEC) outlined four broad categories of digital assets that fall outside securities laws, Chair Paul Atkins offered further clarity on why nonfungible tokens (NFTs) generally do not meet that definition. In a Wednesday interview with CNBC, Atkins reiterated that the agency’s recent interpretive release identified four types of

FTX Recovery Trust Announces Fourth Round of Creditor Repayments

Additional reporting by Turner Wright. The FTX Recovery Trust, which oversees the distribution of funds to creditors and former customers of the failed crypto exchange, announced on Wednesday that it will distribute $2.2 billion to creditors on March 31, 2026. Eligible creditors will receive their funds through their chosen distribution provider within one to three

Crypto Fear & Greed Index Rises as $2B in Liquidity Enters Markets

The Crypto Fear & Greed Index remained at 26 on Wednesday, after rising to 28, a day earlier, ending the indicators’ 48-day stretch in the “extreme fear” zone. The Crypto Fear & Greed index tracks market sentiment using volatility, momentum, volume, and social data. Any reading below 25 signals extreme fear, while higher values reflect

Bitcoin Chases $72K After Fed Holds Rates

Bitcoin’s (BTC) bullish start to the week faced a halt on Wednesday, as BTC dropped 3.4% to $70,900 alongside a broader sell-off in US stocks.  The correction followed a hotter-than-expected Producer Price Index (PPI) report, which was 0.7% higher than the 3.4% year-on-year estimate. Despite the sell-off, spot demand remained steady, with buyers absorbing pressure
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