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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Hyperliquid has picked up one of its clearest endorsements yet from traditional finance. S&P Dow Jones Indices has licensed the first official S&P 500 perpetual contract to Trade[XYZ] on Hyperliquid, giving the exchange a flagship US equity benchmark just as HYPE extends a rally tied to the platform’s fast-growing role in round-the-clock macro trading. The deal matters because it lands at a moment when Hyperliquid is no longer being treated as just another crypto-perps venue. In recent weeks, the platform has been pulling in heavy activity around…

In brief Crypto.com is reducing its workforce by 12%, affecting approximately 180 employees CEO Kris Marszalek said the move was part of a pivot to “enterprise-wide AI.” The move follows similar cuts at Algorand Foundation and Messari earlier this week. Cryptocurrency exchange Crypto.com is cutting 12% of its workforce, or around 180 employees, as part of a strategic shift toward AI-driven operations.In a tweet, CEO Kris Marszalek described the move as a pivot to “enterprise-wide AI,” declaring that “Companies that do not make this pivot immediately will fail.” The move represents the third workforce reduction in four years for the Singapore-based platform.…

In brief Bitcoin fell over 4% on the day to below $70,000 after the Fed held rates steady at 3.50%-3.75%. Two whales sold 5,650 BTC on Wednesday, adding to macro-driven sell pressure. Experts see $70,000 to $72,000 as a key support zone, but caution low volatility may persist. Crypto and stocks plunged following the two-day policy meeting, where the U.S. Federal Reserve decided to hold interest rates steady.The Fed’s decision to keep rates unchanged at 3.50% to 3.75%, combined with escalating Middle East tensions and inflation risks, sent Bitcoin tumbling by over 4% to an intraday low of $69,537, according…

FTX’s fourth round of distributing bankruptcy recoveries arrives at a different moment. The estate will begin sending roughly $2.2 billion to eligible creditors on Mar. 31, just as Bitcoin (BTC) pushed back above $70,000 into what Glassnode called a thin $72,000-$82,000 on-chain zone.FTX announced on Mar. 18 that its fourth distribution will begin Mar. 31 and end Apr. 3, with eligible creditors expected to receive funds via BitGo, Kraken, or Payoneer within 1 to 3 business days.Dotcom customer claims receive an incremental 18% to reach 96% cumulative recovery, US customer claims receive 5% to reach 100%, and general unsecured and…

The Walt Disney Company has agreed to settle a class action lawsuit filed by YouTube TV and DirecTV subscribers in 2023. The lawsuit alleges that the entertainment conglomerate inflated the cost of streaming services by requiring streaming live pay television (SLPTV) providers to carry a bundle of Disney Networks including ESPN sports channels as a condition to offer Disney programming.  The plaintiffs argue that these arrangements prevented streaming services from offering low-cost packages that do not include ESPN channels. “[T]he YouTube TV Plaintiffs and the DirecTV Stream Plaintiffs allege, among other things, that Disney violated federal antitrust law and various…

The US Securities and Exchange Commission (SEC) has drawn its clearest line yet around which parts of crypto it views as outside securities law, a move that hands the industry a new map of regulatory winners while opening a narrower lane for privacy-focused technology.However, the SEC’s new crypto taxonomy does more than just redraw markets. Quietly, the new approach blocks a regulatory path that could have forced developers and software providers into KYC-heavy broker-dealer regimes.By classifying much of crypto activity as securities brokerage, the SEC’s earlier approach could have forced developers and software companies to register as broker-dealers, thereby requiring…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The wider crypto market slid about 4% on Wednesday, pulling major tokens back to key support zones and putting renewed pressure on Bitcoin (BTC).  By mid‑afternoon, BTC had retreated roughly 5% and was trading near $71,240, a pullback that has analysts re‑examining whether the current downturn is simply a short pause or the start of a deeper correction. Deeper Bitcoin Retracement Ahead? Market analyst Crypto Con argued on social media platform X that Bitcoin’s present weakness now closely tracks the 2022 bear market after an initial period…

In brief Attackers used fake GitHub accounts to tag developers, claiming they had won $5,000 in $CLAW tokens and directing them to a cloned OpenClaw site. OX Security said the phishing page used heavily obfuscated JavaScript and a separate C2 server to drain connected wallets and hide activity. The accounts were created last week and deleted within hours of launch, with no confirmed victims so far. OpenClaw’s viral rise has drawn an ugly new side effect: crypto scammers are now using the AI agent project’s name to target developers in a phishing campaign aimed at draining their wallets. Security platform OX…

In brief The plan covers Russell 1000 stocks and some index ETFs at launch, with the same rights, symbols, and priority. Tokenized trades would still flow through DTC and revert to traditional settlement if needed. During the review, commenters questioned its mechanics, market risks, and how much say issuers should have. Nasdaq’s proposal to trade some stocks in tokenized form received formal approval from the U.S. Securities and Exchange Commission on Wednesday, though the structure would still keep trading and settlement within traditional market rails.Covering some securities already listed on the national securities exchange, the changes would begin with Russell…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Multiple bills meant to stop federal officials from profiting off digital assets have stalled in Congress — none have made it past the committee stage — even as US President Donald Trump prepares to host top holders of his personal memecoin at his Florida estate next month. Bills Introduced But Stuck In Committee The Modern Emoluments and Malfeasance Enforcement Act, the Stop Presidential Profiteering from Digital Assets Act, and the Curbing Officials’ Income and Nondisclosure Act were all introduced over the past year. All three remain in…