Radiant, which is controlled by a decentralized autonomous community, or DAO, states on its website that its mission is to “unify the billions in fragmented liquidity across Web3 money markets under one safe, user-friendly, capital-efficient omnichain.” Source
Finally, last week, official details of what the project actually is, or aims to be, began to emerge: Still to be developed and launched, it’s a “best-in-class consumer application,” distinguished by “simple onboarding and familiar UI/UX via one-click social login and wallet creation,” according to a blog post. (UI/UX is shorthand for user interface and user experience.) Under the hood, the project plans to operate an instance of the decentralized-finance (DeFi) project Aave atop the Ethereum blockchain, with plans to eventually deploy on the layer-2 network Scroll, according to the…
Some sectors of the crypto ecosystem saw more interest than others. Crypto exchanges, lending, investing and trading platforms raised 18% of VC capital, over $460 million. Layer 1 projects came in next, at roughly $440 million, then Web3/Metaverse projects, at about $360 million, then infrastructure projects at $340 million. Meanwhile, projects combining crypto and artificial intelligence (AI) took in about $270 million – five times more than in the previous quarter, Galaxy said. Source
This uncertainty is creating opportunity as well as risk, as traditional financial (TradFi) institutions ramp up their entry into digital assets. TradFi firm’s sophisticated regulatory strategies, honed over decades of navigating complex compliance environments, are better positioned than smaller crypto-native companies. As major players launch products like Bitcoin ETFs and tokenized funds, innovators without regulatory expertise may be squeezed out unless they adapt to emerging frameworks such as those proposed by the Stablecoin Standard, which offers voluntary requirements for transparency, operational resilience, and reserve-backing. This model could offer a path…
Love or hate games like Hamster Kombat, they’re onboarding millions of users to crypto, says Ryan Gorman. Source
Prosecutors have asked the judge to go harder on Lichtenstein, however, who they argue spent months devising a scheme to gain access to Bitfinex’s systems and carry out his attack. They also point out that, while Lichtenstein has no official criminal history, he “experimented with other hacking and financial fraud activity” beginning as a juvenile. In 2016, before he hacked Bitfinex, Lichtenstein stole approximately $200,000 from another crypto exchange. Source
The report highlights a dramatic increase in blockchain activity, with 220 million addresses interacting with the technology at least once in September, triple the number in late 2023. Source
Conceived as a live experiment in human interactions with AI models, the viral bot ended up shilling a meme coin. Source
Almost 2,900 investors bought the token despite the site suffering numerous outages during its first hour, with over 344 million of the platform’s WLFI tokens sold to around 3,000 unique wallets in that period, as CoinDesk first reported. The project has since gained another 6,000 unique holders, Etherscan data shows. Source
Harris, hailing from the state of California, has long enjoyed support from major names in the technology industry including former Meta Chief Operating Officer Sheryl Sandberg, Netflix co-founder Reed Hastings and billionaire entrepreneur Mark Cuban, while Trump has secured backing from a number of tech and venture capital leaders such as David Sacks, Elon Musk and Marc Andreessen (though, notably, his business partner at Andreessen Horowitz, Ben Horowitz, recently donated to Harris, after previously endorsing Trump). Source