Transaction URL: https://bithomp.com/explorer/BF61653320E179FE102F2A73AA025350A387B2AB357C455943886D6F28CF34B9
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US equities were relatively stable Tuesday as investors enjoyed a break from back-to-back tariff headlines and digested a batch of positive bank earnings.
Goldman Sachs, Citibank and Bank of America reported this week. A couple data points of note:
Banks don’t seem worried about potential loan and lease losses
In some cases, they’re actually holding less — like Goldman Sachs, which set aside $287 million in credit loss provisions during Q1, compared to $351 million in Q4 2024. The Bank of New York Mellon also decreased its provisions from $20 million in Q4 to $18 million…
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Movement Labs and Movement Network are conducting an investigation following last month’s market maker issues, when Binance removed an unnamed market maker after “misconduct” around MOVE’s token, Blockworks has learned.
A Movement Labs spokesperson confirmed a third-party review when reached by Blockworks.
In internal Slack messages seen by Blockworks, a profile belonging to Movement co-founder Cooper Scanlon said the investigation into “recent events” has “various routes […] [that] are still being explored,” and “nothing is definitive yet.” The third party involved in the investigation was not named.
In a message to Blockworks, a Movement Labs…
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Securitize is acquiring MG Stover’s Fund Administration Business, which will make Securitize Fund Services (SFS) the “largest” digital asset fund administrator in the world, Blockworks has learned.
Securitize declined to disclose the terms of the deal to Blockworks.
“This is a significant step in our growth, reinforcing our commitment to expanding our capabilities as we serve an ever-expanding cohort of asset issuers and investors,” Securitize CEO Carlos Domingo said. “Securitize’s acquisition of MG Stover’s Fund Administration business cements our role as the most comprehensive platform for tokenized securities and fund administration.”
“This acquisition…
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Wall Street’s recession sirens are blaring — and as traditional markets brace for impact, Bitcoin’s BTC/USD defiant rally has investors asking: is this digital gold 2.0 or just fool’s gold with better marketing?
Recession probability forecasts aren’t just creeping up — they’re sprinting. In the span of days, JPMorgan hiked its odds of a U.S. recession from 40% to 60%, while S&P Global jumped from 25% to 35%. Goldman Sachs and HSBC weren’t far behind, now both penciling in a 35%–40% chance.
Related: JPMorgan Raises Recession Risk To 60% As ‘Largest US Tax Hike’ In 60 Years Hits Global Economy
“There can be no doubt that fears of a U.S. recession are intensifying,”…
Read more on Benzinga
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ETH is trading at ~$1,600 today.
Can ETH pump again? Wen moon?
Getting to the heart of this simple question requires an inevitable detour into the boring, technical weeds of data availability (DA).
The ELI5 explanation of data availability is storage fees, or bandwidth resource. All chains – L1s and L2s – need them to operate, but their primary supplier is the L1.
Here’s the rough train of thought:
What is the fate of ETH as an asset?
That depends on how well Ethereum can generate fees.
Ethereum generates fees in three primary ways: execution, MEV, and data… Read more on Blockworks
Software firm Janover has made a major move in the crypto space by purchasing 80567 Solana tokens worth $10.5 million. This marks its third SOL acquisition as part of a broader digital treasury strategy. The announcement comes after Janover shares reached an all-time high of nearly $66 before pulling back slightly. The stock remains up more than 1200 percent this year.
With this latest purchase Janover now holds around 163651 SOL valued at roughly $21 million. The company will stake its Solana assets immediately to earn rewards and support the blockchain network. Funding for the acquisition came from a recent $42 million financing round. Janover also plans to run one or more Solana validators to enhance its staking efforts.
The firm is undergoing a transformation under new leadership from former Kraken executives. A rebrand to DeFi Development Corporation is in the works along with a ticker change. Janover aims to bridge traditional and decentralized finance through strategic crypto investments.
Bitcoin: The Inverse of Clown World by Knut Svanholm and Luke de Wolf, Lemniscate Media, 175 pages, $25.00.
This is a book review from The Mining Issue of Bitcoin Magazine Print. Get your copy here.
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There is a similarity across the Bitcoin books published this [last] summer: They’re all about self-improvement and spiritual development. As a community, we seem to have moved on from writing about what money is, what it used to be, or how it operates in the modern world — or the specific ways in which bitcoin differs.
Instead, we’re now writing and thinking about life with bitcoin. Bitcoin has a culture, its virtues and values push its users in certain directions. [Aleks]…
Read more on BitcoinMagazine
Swedish MP Dennis Dioukarev has urged the government to consider adopting bitcoin as part of the nation’s currency reserves. Addressing Finance Minister Elisabeth Svantesson he proposed following a trend gaining momentum in both Europe and the United States by holding bitcoin alongside fiat and gold without using taxpayer funds.
The idea mirrors a bold move by the US where President Donald Trump recently signed an order to create a national bitcoin reserve using seized BTC. Sweden could join this forward-thinking shift as other leaders in the Riksdag including Rickard Nordin echo support for reviewing bitcoin’s role in financial strategy. The Czech Republic has also shown interest with its central bank considering up to 7 billion dollars in BTC reserves.
While the European Central Bank remains cautious the global crypto tide is rising. As more nations explore bitcoin-backed reserves Sweden may soon embrace this digital evolution to future-proof its economy.
The WCT token is now officially transferable, this marks a pivotal moment in WalletConnect’s decentralisation roadmap. Transferability of WCT brings the onchain economy closer to a more open, permissionless, and community-driven experience.
Since its inception, WalletConnect has been guided by a singular mission: to make onchain UX amazing. The WalletConnect logo is as iconic to onchain connectivity as the Visa logo is to payments. As billions in value flow through the WalletConnect network annually.
WCT plays a crucial role in this mission, WCT will allow for fees, rewards, staking and governance on the WalletConnect Network and ensures that the community, wallets and apps have…
Read more on Blockworks