Coindesk

LinksDAO is launching its own community token, adding a highly tradeable asset alongside its nearly 10,000 membership non-fungible token (NFTs) this crypto golf club tried selling to fund its mantra: "We're gonna buy a golf course."NFTs aren't as trending as they were in early 2022 when LinksDAO sold its membership tokens for $10 million. The market euphoria that led raunchy Beeple artwork to nab hundreds of millions of dollars at auction moved on long, long ago.CryptoSlam's NFT Index is down nearly 97% since its inception in January 2022, showing how market interest is now elsewhere. Memecoins now dominate crypto's short attention span economy; even Trump has one. Now LinksDAO will have one too, with LINKS."We are going to be launching...

Brian Quintenz, a one-time commissioner with the Commodity Futures Trading Commission, and Andreessen Horowitz's head of policy, will be Donald Trump's choice to run the federal commodities regulator. Quintenz previously served in the regulator between 2017 and 2021, where he organized the Technology Advisory Committee. During his time as commissioner, he said a self-regulatory organization specific to the crypto industry could help oversee companies. Since leaving the agency, he joined a16z, where he became the head of policy. A16z was one of the major funders of Fairshake, a crypto-focused political action committee which poured close to $140 million into the 2024 election. Punchbowl News first reported the nomination.In a statement, Acting CFTC Chair Caroline Pham said, "I congratulate my friend...

EMBARGO Feb 12 9 AM HK TIMEFireblocks, a provider of crypto custodian technology, said it added support for Sony's Soneium blockchain, an Ethereum layer-2 network that aims to bridge the conventional internet, or Web2, and the emerging, blockchain-based Web3.Fireblocks counts many large institutions among its clients, including large banks. Crypto custodians, which provide safe storage for digital assets, are essential for institutional adoption of digital assets because large capital allocators such as hedge funds or family offices require their use for insurance reasons.Support for Soneium, a joint venture between Sony and Singapore's Startale Labs, opens the door for the provision of custody services on the nascent blockchain, which started operations only in January and has just $33.6 million in total...

The crypto industry got a chance to make a full-throated appeal for Congress to finally intervene and set legal standards for digital assets businesses in the U.S. during a hearing Tuesday in front of the House of Representatives subcommittee that focuses on digital assets.Under the Republican-led subcommittee's title "A Golden Age of Digital Assets," the industry representatives showed up in the hearing with momentum at all levels of the federal government, including from the White House, whose crypto czar was the one to first utter the "golden age" phrase. Just over two years after the devastation of collapsing crypto lenders and the criminal implosion of FTX in 2022, the industry has proven its sharp recovery with a slate of lawmakers...

Another day, another once unthinkable crypto exchange traded fund filing. Canary Capital's proposed Solana ETF has become the second such vehicle to reach the starting gate.In a regulatory filing Tuesday the Securities and Exchange Commission (SEC) opened up public comment on the "Canary Solana Trust," a proposed ETF that would bring SOL investing into mainstream finance.The filing amounts to a clock-setting for Canary Capital's proposed investment vehicle. In 21 days the SEC will render a verdict (approval or denial) or, perhaps more likely, kick the decision can with deadline extensions.Market observers are broadly bullish that SOL and other altcoins will win their own ETFs this year, but the exact timing and order is unclear. What's more seemingly apparent is the...