Here’s what happened in crypto today

In a significant development within the cryptocurrency ecosystem, Abstract, a consumer-focused Ethereum layer-2 blockchain project championed by the parent company of the popular Pudgy Penguins NFT collection, Igloo Inc., has…

Abstract Shuts Down Amidst Struggles to Scale and Achieve Product-Market Fit in Consumer Crypto

Abstract, a consumer-focused Ethereum layer-2 blockchain backed by Igloo Inc., the parent company of the popular NFT project Pudgy Penguins, announced on Tuesday its impending shutdown later this year. The…

Hong Kong Regulators to Establish Comprehensive Licensing Regime for Digital Asset Services by End of 2026

Hong Kong’s financial regulatory landscape is poised for a significant evolution as the government has reaffirmed its commitment to establishing a robust licensing regime for a wide array of digital…

Vivek Ramaswamy’s Shifting Stance on Cryptocurrency: From Presidential Darling to Gubernatorial Underplay

Two years ago, the political landscape was buzzing with Vivek Ramaswamy’s fervent advocacy for cryptocurrency. As a nascent contender for the 2024 Republican presidential nomination, his stump speeches were often…

Zcash Activates NU7 Network Upgrade on Testnet, Paving the Way for Mainnet Rollout

The Zcash network has successfully activated its highly anticipated NU7 network upgrade on its testnet, marking a significant milestone in the protocol’s evolution. This crucial step brings the planned protocol…

Trump Taps Intel Chief Jay Clayton to Lead New Super Intelligence Force

President Donald Trump announced on Sunday, via a post on Truth Social, his appointment of Jay Clayton, the former U.S. Director of National Intelligence, to spearhead the nation’s newly established…

President Donald Trump Appoints Jay Clayton to Lead Nation’s New Super Intelligence Force, Signaling a Bold New Era in AI Governance

President Donald Trump has officially designated Jay Clayton, the current U.S. Director of National Intelligence, to spearhead the newly established "Super Intelligence Force," a pivotal initiative aimed at solidifying America’s…

El Salvador Secures $138 Million IMF Disbursement Amidst Performance Review and Bitcoin Concerns

The International Monetary Fund (IMF) has approved the immediate disbursement of approximately $138 million to El Salvador, a significant tranche under the country’s existing $1.4 billion financing program. This decision…

Blast Network Ceases Operations Due to Unsustainable Economic Model

The Ethereum layer-2 scaling solution, Blast, has announced it is shutting down its network, citing insurmountable operational costs that have surpassed its revenue generation capabilities. The decision marks a significant…

Jay Clayton Tapped as AI Czar Amidst Growing National Security Concerns and Industry Self-Regulation Push

President Donald Trump is reportedly poised to appoint Jay Clayton, the current U.S. Director of National Intelligence, as the nation’s new "AI Czar," a pivotal role tasked with navigating the…