A crypto-aligned super political action committee is preparing to spend $5 million to support Representative Barry Moore in his bid for the US Senate, according to a recent report. The funding will come from Defend American Jobs, an affiliate of Fairshake, one of the most prominent crypto-focused PACs in the United States. The five-week advertising campaign is expected to roll out on broadcast television and cable networks, including Fox News Channel. The ads will reportedly feature an endorsement from former President Donald Trump, positioning Moore as a candidate aligned with pro-crypto economic policies. Super PACs are permitted to raise unlimited…
Author: Blockto Team
A federal judge in New York has dismissed a patent infringement lawsuit filed by Bancor-affiliated entities against Uniswap, finding that the patents in question claim abstract ideas that are not eligible for protection under US law. In a Feb. 10 memorandum opinion, Judge John G. Koeltl of the US District Court for the Southern District of New York granted Uniswap’s motion to dismiss the complaint brought by Bprotocol Foundation and LocalCoin Ltd. The court concluded that the patents relate to the abstract concept of calculating cryptocurrency exchange rates, failing the Supreme Court’s two-step test for patent eligibility. Uniswap founder Hayden…
Spark has introduced two new products, Spark Prime and Spark Institutional Lending, aimed at expanding the role of onchain stablecoins in institutional credit markets. The decentralized asset allocator is positioning its lending infrastructure as a bridge between decentralized finance liquidity and traditional institutional borrowers. Spark Prime is structured as a margin-style lending platform with off-exchange settlement, powered by Spark’s internal liquidity engine. The product is designed to provide stablecoin credit without requiring institutions to directly manage DeFi infrastructure. Early partners include Edge Capital, M1 and Hardcore Labs. Initial allocations for Spark Prime stand at approximately $15 million, with gradual expansion…
Franklin Templeton has introduced an institutional off-exchange collateral program in collaboration with Binance, allowing clients to use tokenized money market fund (MMF) shares to support digital asset trading. The structure enables institutions to pledge tokenized MMF shares issued through Franklin Templeton’s Benji Technology Platform while keeping the underlying assets in regulated custody. Instead of transferring assets directly onto the exchange, the tokenized fund shares are held off-exchange by Ceffu Custody, a Dubai-regulated digital asset custodian. Their collateral value is mirrored within Binance’s trading system, enabling institutions to maintain trading positions without relinquishing control of their assets. The model is designed…
The era of explosive, high-risk gains in cryptocurrency markets could be drawing to a close as institutional investors reshape the industry, according to Galaxy CEO Mike Novogratz. Speaking at a financial conference in New York, Novogratz said the influx of more risk-averse capital signals a maturing market structure. Institutional Adoption Changing Crypto Market Returns Novogratz noted that retail traders historically entered crypto seeking outsized returns, often targeting multiples such as 8x or even 30x gains. In contrast, institutional participants are typically focused on steadier, risk-adjusted performance. This shift, he suggested, may reduce the extreme volatility that once defined the sector.…
Bitcoin slid below the $67,000 level early Wednesday as traders reacted to a more hawkish U.S. macroeconomic outlook, triggering renewed pressure across major cryptocurrencies. The world’s largest digital asset dropped 3.1% over the past 24 hours to $66,804. Ether declined 4.1% to $1,965, while XRP and BNB fell 4.3% and 4.5%, respectively. Hawkish Federal Reserve Expectations Pressure Crypto Market analysts linked the downturn to shifting expectations around U.S. monetary policy. The nomination of Kevin Warsh as Federal Reserve chair has been interpreted as a signal of tighter liquidity conditions and fewer potential rate cuts ahead. Traders are now closely watching…
Robinhood shares fell sharply in after-hours trading after the company reported fourth-quarter results that missed Wall Street revenue forecasts, despite posting record overall revenue for the period. The trading platform generated $1.28 billion in net revenue in Q4, a 27% increase year over year but below analyst expectations of $1.34 billion. The earnings shortfall weighed on investor sentiment, sending shares down 7.66% in extended trading to $79.04 after closing the regular session at $85.60. Crypto Revenue Declines as Market Slows Crypto-related revenue dropped 38% compared to the same quarter last year, falling to $221 million. The decline followed a broader…
LayerZero Labs has announced plans to launch a new layer-1 blockchain called “Zero,” with support from major financial players including ARK Invest and Citadel Securities. The network is scheduled to go live in fall 2026 and is designed to serve institutional financial markets. The company, best known for its cross-chain messaging protocol, said Zero aims to dramatically increase blockchain scalability by leveraging zero-knowledge proofs and a zero-knowledge virtual machine known as Jolt. Zero Chain Targets 2 Million Transactions Per Second According to LayerZero Labs, the Zero blockchain could scale to as many as two million transactions per second. The firm…
Goldman Sachs significantly reduced its exposure to spot cryptocurrency exchange-traded funds in the fourth quarter of 2025, trimming both bitcoin and ether ETF holdings as digital asset markets declined. Goldman Sachs Reduces Spot Bitcoin ETF Exposure As of Dec. 31, 2025, the firm held approximately 21.2 million shares across various spot bitcoin ETFs, valued at $1.06 billion, according to its latest regulatory filing. That represents a 39.4% drop in share count compared with the third quarter. The bank also reduced its position in spot Ethereum ETFs. Holdings totaled roughly 40.7 million shares worth about $1 billion at year-end, marking a…
Crypto mining firm Canaan saw its shares slide nearly 7% on Tuesday, even after posting its strongest quarterly revenue in three years. The company reported fourth-quarter revenue of $196.3 million, marking a 121.1% year-over-year increase driven by higher hardware sales and improved mining performance. Canaan Q4 Revenue Surges 121% Year Over Year Canaan’s Bitcoin mining revenue rose 98.5% compared to the same period last year, reaching $30.4 million. The company also expanded its digital asset holdings, with its Bitcoin treasury climbing to 1,750 BTC, valued at approximately $120 million. In addition, Ether holdings increased to 3,950 ETH, worth nearly $7.9…