Donald Trump’s executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.
Co-CEO Arjun Sethi said the firm kept investing through market weakness, leaning on acquisitions and futures growth to offset softer spot trading.
Ether and bitcoin led liquidations, as their prices dropped on macroeconomic concerns.
Unpacking Thursday’s at-times contentious markup hearing.
DeFi insurance protocols debuted with huge ambitions during the 2020 crypto boom. But as hacks evolved and users chased yields over protection, most of the sector collapsed under the same risks it was built to cover.
The upbeat public debut of AI chipmaker Cerebras is also helping to lift both crypto and traditional markets.
