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Cardano (CRYPTO: ADA) founder Charles Hoskinson said he lost over $2.5 billion in the past four years, explaining that crypto’s failure wasn’t about technology—it was about government involvement that destroyed the bull market everyone expected.
Industry Expected Bull Market, Got Chaos Instead
Hoskinson told The Wolf Of All Streets Podcast that the industry expected Trump’s election to pump crypto bags, but instead got chaos.
Most cryptocurrencies have fallen 40-50% since Trump took office, showing the industry is unhealthy under current leadership.
He jokingly compared crypto’s current state to Japan in 1946.
The industry survived the FTX collapse, Luna implosion, and former…
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Crypto custody firm BitGo has launched its initial public offering, seeking to raise up to $201 million, according to a filing with the U.S. Securities and Exchange Commission.
The Palo Alto, California-based company is offering roughly 11.8 million shares of Class A common stock at an expected price range of $15 to $17 per share.
The offering includes 11 million shares sold by BitGo and about 821,600 shares offered by existing stockholders, with the company not receiving proceeds from those secondary sales. Underwriters will also have a 30-day option to purchase up to an additional 1.77 million shares.
Founded in 2013, BitGo is one of the largest crypto custody providers in…
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The U.S. CLARITY Act could become a major catalyst for Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and broader institutional crypto adoption, according to Bitwise Chief Investment Officer Matt Hougan.
What Happened: Crypto markets are entering a transition phase where regulation, infrastructure, and real-world use cases matter more than speculation, Hougan said on a Milk Road podcast episode.
Hougan argues the Clarity Act could deliver the regulatory certainty institutions have been waiting for, potentially reshaping the outlook for ETH, SOL, and the broader ecosystem.
Stablecoins are the largest real-world crypto use case, enabling low-cost, instant global payments and serving as a…
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Strategy added to its bitcoin treasury for a third straight week, acquiring 13,627 BTC for roughly $1.25 billion at an average price of $91,519 per coin, according to an SEC filing dated January 12.
The purchases were made between January 5 and January 11 and funded through the company’s at-the-market offering program, which included sales of Class A common stock (MSTR) and its 10.00% Series A perpetual preferred stock, Stretch (STRC).
The sales generated about $1.2 billion in net proceeds, with $1.1 billion coming from common stock and $119 million from preferred equity.
The latest buy brings Strategy’s total bitcoin holdings to 687,410 BTC, acquired for an aggregate…
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Coinbase (NASDAQ:COIN) has warned U.S. lawmakers it could withdraw support for a major crypto market-structure bill if new provisions restrict its ability to offer rewards on stablecoin holdings.
What Happened: The bill is headed for Senate committee markup this week, but proposed changes would limit stablecoin rewards to regulated banks or trust-chartered institutions.
Bloomberg reported on Monday the push is backed by the banking lobby and opposed by crypto-native firms.
Stablecoin rewards are a key revenue source for Coinbase, largely tied to interest earned on USDC (CRYPTO: USDC) reserves shared with Circle (NYSE:CRCL).
Coinbase generated about $1.3 billion in stablecoin-related…
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Bitcoin is trading around $90,000 as broader crypto sentiment remains neutral despite macro tailwinds; liquidations stand at $211.88 million over the past 24 hours.
Bitcoin ETFs saw $250 million in net outflows on Friday, while Ethereum ETFs reported $93.8 million in net outflows.
CryptocurrencyTickerPriceBitcoin(CRYPTO: BTCEthereum(CRYPTO: ETHSolana(CRYPTO: SOLXRP(CRYPTO: XRP)$90,446.61)$3,108.44)$139.44 )$2.03
BTC Recipe Remains Same?
Crypto trader Jelle said Bitcoin is consolidating around the $90,500 level, repeatedly retesting it from above as the market awaits Powell’s comments.
He noted that reclaiming the $93,500 area is the key near-term objective,…
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Cardano (CRYPTO: ADA) founder Charles Hoskinson slammed the Trump administration’s handling of the cryptocurrency industry in an interview aired Sunday, particularly targeting David Sacks, the White House cryptocurrency czar.
Hoskinson Attacks Sacks
Appearing on The Wolf Of All Streets Podcast, Hoskinson voiced skepticism about the passage of the cryptocurrency market structure bill, a key piece of legislation championed by industry figures, in the first quarter.
“If it doesn’t pass this quarter, I think David Sacks should resign. He’s utterly failed us as an industry,” Hoskinson said.
“If you’re the czar and you’re in charge of this whole thing, I’ve got to judge…
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