Latest News

Cointelegraph.com News Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

  • $1T stablecoin supply could drive next crypto rally — CoinFund’s Pakman
    by Zoltan Vardai on March 29, 2025 at 9:47 am

    The growing stablecoin supply suggests cryptocurrency adoption is at its mainstream “tipping point.” The global stablecoin supply could surge to $1 trillion by the end of 2025, potentially becoming a key catalyst for broader cryptocurrency market growth, according to CoinFund managing partner David Pakman.“We’re in a stablecoin adoption upswell that’s likely to increase dramatically this year,” Pakman said during Cointelegraph’s Chainreaction live show on X on March 27. “We could go from $225 billion stablecoins to $1 trillion just this calendar year.” He noted that such growth, while modest compared to global financial markets, would represent a “meaningfully significant” shift for blockchain-based finance.Read more

  • NAYG lawsuit against Galaxy was ‘lawfare, pure and simple' — Scaramucci
    by Ciaran Lyons on March 29, 2025 at 8:47 am

    Anthony Scaramucci called NAYG’s lawsuit against Galaxy Digital “lawfare,” while another crypto executive said the particular law was so unusual he had to look it up on ChatGPT. The New York State Attorney General’s (NAYG) recent legal action against Galaxy Digital over its promotional ties to the now-collapsed cryptocurrency Terra (LUNA) was unfair and an abuse of the legal system, says SkyBridge Capital and founder Anthony Scaramucci.“It’s LAWFARE, pure and simple due to an obscure but dangerously powerful New York law known as the Martin Act,” Scaramucci said in a March 28 X post.“The law has no need to prove intent, creating a low standard of proof that can open the door for abuse like this. It shouldn’t exist,” he said.Read more

  • Greedy L2s are the reason ETH is a 'completely dead' investment: VC
    by Ciaran Lyons on March 29, 2025 at 5:41 am

    Ether’s performance against Bitcoin is at its lowest in nearly five years, with some investors calling it a “completely dead” investment — but not all crypto traders agree. Ether’s (ETH) declining appeal as an investment comes from layer-2’s draining value from the main network and a lack of community pushback on excessive token creation, a crypto venture capitalist says.“The #1 cause of this is greedy Eth L2s siphoning value from the L1 and the social consensus that excess token creation was A-OK,” Castle Island Ventures partner Nic Carter said in a March 28 X post.“ETH was buried in an avalanche of its own tokens. Died by its own hand,” Carter said. He said this in response to Lekker Capital founder Quinn Thompson’s claim that Ether is “completely dead” as an investment.Read more

  • Elon Musk’s sale of X to xAI just made fraud lawsuit a ‘lot spicer’
    by Ciaran Lyons on March 29, 2025 at 1:02 am

    Billionaire investor Elon Musk said that the futures of his AI startup xAI and social media platform X are “intertwined” after announcing the sale of X to xAI. Billionaire investor Elon Musk has sold his social media platform X to his AI startup xAI, sparking controversy as it coincides with a US judge rejecting his bid to dismiss a lawsuit tied to the social media platform.The transfer of ownership of X to xAI on March 28 means that the class-action lawsuit against Musk — accusing him of defrauding former Twitter shareholders by delaying the disclosure of his initial investment in the social media platform — has become “a whole lot spicer,” Cinneamhain Ventures partner Adam Cochran said in a March 28 X post.On the same day that Musk said “xAI has acquired X in an all-stock transaction,” a US judge reportedly rejected Musk’s attempt to dismiss the lawsuit. Cochran said it has “opened up his AI entity to exposure here too, and it’s a much bigger pie.”Read more

  • Zhao pledges BNB for Thailand, Myanmar disaster relief
    by Vince Quill on March 28, 2025 at 10:35 pm

    The Binance co-founder pledged the funds following a 7.7 magnitude earthquake that caused casualties and severe damage in both countries. Binance co-founder Changpeng “CZ” Zhao is donating 500 BNB (BNB) each to Thailand and Myanmar following a 7.7 magnitude earthquake that caused severe damage to buildings and widespread flooding.Zhao plans to distribute the funds through Binance and Binance Thailand if a third-party onchain donation platform cannot be found to distribute the disaster relief funds.“I hope everyone is safe in Thailand,” the Binance founder wrote in a March 28 X post before announcing the contributions to both countries affected by the earthquake.Read more