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US investors are not considering buying crypto as much as they used to, as risk-taking behavior has dropped, according to a study from the Financial Industry Regulatory Authority.The percentage of crypto investors was unchanged between 2021 and 2024 at 27%, but the number of investors considering either purchasing more or buying for the first time dropped to 26% in 2024 from 33% in 2021, FINRA reported on Thursday.The industry regulator found that those with “high levels of investment risk” dropped four percentage points to 8% between 2021 and 2024. The biggest drop was among investors under 35, which shaved nine…

A group of former executives from the collapsed crypto-friendly Signature Bank has launched a new blockchain-based, state-chartered bank called N3XT, with the goal of enabling instant 24-hour payments.N3XT said on Thursday that it aims to settle payments instantly at any time using a private blockchain and offers programmable payments through smart contracts. The company added that its systems have been designed for interoperability with stablecoins, utility tokens, and other digital assets.Signature Bank founder ​​Scott Shay founded N3XT, which will operate under a Wyoming Special Purpose Depository Institution (SPDI) charter and will not offer lending services.Signature Bank was one of three…

Social media giant Meta is reportedly planning to scale back its metaverse spending by up to 30% and redirect the funds into virtual reality glasses and artificial intelligence.No final decision has been made yet, but budget cuts and possible layoffs are on the table for Meta’s Reality Labs division, mainly aimed at its virtual reality unit, which eats up the bulk of metaverse-related spending, Bloomberg and The New York Times reported on Thursday.The budget cuts could come as early as January, but Meta plans to redirect resources to a Reality Labs unit developing augmented reality glasses.Wall Street reacted positively to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is showing notable relative strength as it reclaims the $3,150 level and attempts to push higher, signaling early signs of recovery after weeks dominated by heavy selling pressure, fear, and uncertainty. The broader market rebound has helped restore confidence, but ETH’s ability to outperform key altcoins highlights growing demand and improved sentiment around the asset. Adding to the renewed optimism, fresh on-chain data from Lookonchain reveals a significant move from one of the market’s most recognized whales. During the rebound, whale 0xdECF deposited another 5,000 ETH—worth…

Bitcoin may be nearing a make-or-break point as short-term traders sit on the steepest unrealized losses of the current bull cycle.Short-term Bitcoin (BTC) traders who have held BTC from one to three months have been sitting on losses ranging from 20% to 25% for over two weeks, marking the highest pain point of the current market cycle, according to CryptoQuant analyst Darkfost.“Once a large portion of them has capitulated, as we have seen in recent weeks, that is usually when the opportunity to accumulate becomes interesting,” he wrote in a Monday note.This cohort will remain underwater until BTC trades back…

Devconnect Buenos Aires wrapped up as the largest Ethereum Foundation event yet, bringing together a global mix of developers, founders, creators, and curious newcomers. Key numbers from the week 14,000+ attendeesfrom 130+ countries45% from Argentina53% first-time EF event attendees1,000+ visas issued in collaboration with Argentina’s Dirección Nacional de Migraciones80+ application exhibitors40+ deep-dive events15 Community Hubs200 volunteers500+ community-run side events across the city 📸 Find the Devconnect photo gallery here.📋 Share your feedback with us and fill out the survey. 🎡 A World’s Fair for Ethereum with La Rural as the Schellingpoint For the first time, Devconnect introduced a World’s Fair-style…

Hua Xia Bank, a publicly traded financial institution linked to China’s government, issued 4.5 billion yuan ($600 million) in tokenized bonds on Wednesday, aiming to reduce clearing friction by removing intermediaries from the auction process.According to Sina, the onchain government bonds were issued by Hua Xia Financial Leasing, a subsidiary of Hua Xia Bank, a state-controlled commercial bank in China. The bonds offered a three-year fixed yield of 1.84% to holders.The $600 million bond tranche was auctioned off exclusively to holders of China’s digital renminbi, also known as the digital yuan. Overview of tokenized government securities market, excluding US government…

The fight over the next chair of the Federal Reserve has drifted out of the financial pages and into everyday conversation. And in recent days, one man’s name keeps surfacing. Kevin Hassett. Kevin used to be a background character in US politics, and now he is being discussed as the person who could control the global monetary policy for the next decade. People sense something bigger is going on. The world is trying to figure out what happens when monetary power and political ambition move closer together than they have in modern US history. And whether the new Fed chair…

Institutional blockchain infrastructure provider Digital Asset, the creator of the Canton Network, has raised about $50 million in strategic investments from BNY, iCapital, Nasdaq and S&P Global, according to a person familiar with the deal. According to an announcement on Thursday, the strategic funding will build on Digital Asset’s strong momentum to scale the Canton Network following recent funding milestones that raised $135 million.The participation of these four big names highlights the range of institutions supporting the Canton Network, as big banks, exchanges, data, and wealth infrastructure all lend their weight to the same underlying blockchain stack. “Institutions across the…

Bitcoin-native interoperability protocol Portal to Bitcoin has raised $25 million in funding amid the launch of what it describes as an atomic over-the-counter (OTC) trading desk.According to a Thursday announcement shared with Cointelegraph, the company raised $25 million in a round led by digital asset lender JTSA Global. The fundraise follows previous investments by Coinbase Ventures, OKX Ventures, Arrington Capital and others.Alongside the fresh funding, the company rolled out its Atomic OTC desk, promising “instant, trustless cross-chain settlement of large block trades.” The newly deployed service is reminiscent of crosschain atomic swaps offered by THORChain, Chainflip, and more Bitcoin-focused systems…