News Explorer — Ethereum Captures Imagination of Wall Street as Institutional Interest in DeFi and Tokenization Grows

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Aug 29, 5:26 am

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Ethereum Captures Imagination of Wall Street as Institutional Interest in DeFi and Tokenization Grows

Ethereum's recent price surge to $4,945, its highest ever, has attracted institutional interest due to its deflationary tokenomics, scalability through Layer-2 adoption, and staking model. Despite plateauing staking activity, Ethereum remains a foundational layer for DeFi and tokenization, drawing institutional inflows.

Ethereum's recent price surge to $4,945, its highest ever, has attracted institutional interest due to its deflationary tokenomics, scalability through Layer-2 adoption, and staking model. Despite plateauing staking activity, Ethereum remains a foundational layer for DeFi and tokenization, drawing institutional inflows.

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Mar 6, 7:00 pm

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Ex-Software Firm CFO Gets 2 Years in Prison for Stealing, Losing $35M in Company Funds on Crypto

Nevin Shetty, a former CFO, diverted $35 million from his employer to his DeFi platform, resulting in significant losses... Read Summary

Mar 6, 5:14 pm

DL News

Paraguay Aims to Launch Bitcoin Mining Operation Using Seized Rigs

Paraguay, once a Bitcoin mining hotspot, faced illegal operations and electricity theft, prompting the government to consider launching its own mining operation using confiscated machines. Read Summary

Mar 6, 4:42 pm

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Kazakhstan's Central Bank to Diversify Reserves With $350 Million Crypto Investment

Kazakhstan's central bank plans to invest $350 million in cryptocurrencies and related instruments to diversify its rese... Read Summary

Mar 6, 4:05 pm

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Nigel Farage Ally's Polymarket Account Lost $550K on Iran Strike Bets: Report

A Polymarket account linked to George Cottrell lost over $550,000 on bets about a potential U.S. strike on Iran. The acc... Read Summary

Mar 6, 3:40 pm

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Kucoin Faces Regulatory Action in Dubai for Operating Without Proper License

Kucoin Exchange EU Gmbh, known as Kucoin, has been ordered by Dubai's regulatory body to stop its operations in the emir... Read Summary

Mar 6, 3:05 pm

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Bitcoin Gives Up Recent Gains After US Unemployment Rises

Bitcoin dropped below $69,000, losing over 5% in a day as the U.S. reported losing 92,000 jobs in February, pushing the unemployment rate to 4.4%, as per the Bureau of Labor Statistics. Read Summary

Mar 6, 2:19 pm

Coindesk

Dubai Regulator Blocks KuCoin Over Operating Without Necessary Approvals

Dubai's digital assets regulator has ordered KuCoin to cease and desist service clients in the region. VARA said that th... Read Summary

Mar 6, 12:52 pm

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Bitcoin ETFs See a Major Outflow of $227.9 Million, Sparking Debates Among Experts

Bitcoin ETFs experienced significant outflows on March 5, with a total of $227.9 million exiting the market. Despite sho... Read Summary

Mar 6, 12:15 pm

Coindesk

Strike Secures New York State BitLicense

Strike has obtained a BitLicense and money transmitter license from the New York State Department of Financial Services,... Read Summary

Mar 6, 8:39 am

Coindesk

Vancouver's Plan to Invest in Bitcoin Goes Against Municipal Investment Rules: Report

Vancouver Mayor Ken Sim's plan to invest city reserves in Bitcoin violates municipal investment rules outlined in the Va... Read Summary

Mar 6, 3:40 am

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Vancouver Shelves Bitcoin-Treasury Idea Citing Limits in City Charter

Vancouver staff have recommended closing a council motion exploring the city's potential as "Bitcoin-friendly" due to le... Read Summary

Mar 6, 3:01 am

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OKX Debuts Orbit, Allowing Users to Discuss Markets, Share Trading Performances

OKX has launched Orbit, a social networking feature within its trading app, allowing users to discuss markets, share tra... Read Summary

Mar 5, 10:16 pm

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SEC Seeks to Resolve Tron Founder Justin Sun Lawsuit With $10 Million Civil Penalty

A proposed final judgment filed in federal court in New York outlines a $10 million civil penalty for Rainberry Inc., th... Read Summary

Mar 5, 9:00 pm

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Iran's Use of Crypto to Fuel Sanctions Evasion Grew in 2025: Chainalysis

Chainalysis reported that Iran's use of cryptocurrency for financial activities, including supporting militia networks a... Read Summary

Mar 5, 8:31 pm

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Pudgy Penguins Faces Trademark Infringement Lawsuit From Penguin Apparel Brand Owner

PEI Licensing, the company behind brands like Perry Ellis and Original Penguin, is suing Pudgy Penguins for trademark in... Read Summary