Author: Kryptonews

Street artists have found themselves in legal conflicts for years with fashion brands and other companies that employ their work in advertising and social media campaigns. Some have won settlements after legal battles with these companies, which claim they do not need to contact the artists for their works, which often appear in public and sometimes are created illegally. Now, Chicago artist Jordan Nickel, who goes by the moniker Pose, finds himself in a legal conflict with arts and crafts retail chain Michaels, which he says used his artworks in its advertisements without his permission. The company is pushing back…

Backpack, a crypto exchange founded by former employees of FTX, says it will launch a 1-billion-supply token in the future, with its distribution schedule tied to its goal of going public in the US.Backpack posted to X on Monday that its token launch will begin with 25% of the intended supply, or 250 million tokens, to become available on a yet-to-be-disclosed launch date.Another 37.5% of the total supply, or 375 million pre-IPO tokens, will be made available “upon achievement of key milestones,” which Ferrante said would include opening in a new region or launching a new product.The remaining 375 million…

Ethereum co-founder Vitalik Buterin’s latest vision for Ethereum’s intersection with artificial intelligence sees the two working together to improve markets, financial safety and human agency.  In an X post on Monday, Buterin said his broader vision for the future of artificial intelligence (AI) sees humans being empowered by AI, rather than replaced, though he said the shorter term involves much more “ordinary” ideas. Buterin pointed to four key areas where Ethereum and AI could intersect in the near future: enabling trustless and/or private interactions with AI, Ethereum becoming an economic layer for AI-to-AI interactions, using AI to fulfill the “mountain man”…

Bitcoin’s BTC$69,484.19 sharp rebound from last week’s plunge toward $60,000 has been accompanied by a subtle but important shift in one closely watched indicator of U.S. demand.The Coinbase Bitcoin Premium Index — which tracks the price gap between bitcoin traded on Coinbase and the global market average — has climbed sharply from deeply negative territory, moving from around -0.22% at the height of the selloff to roughly -0.05% by Tuesday.While the index remains below zero, the rebound suggests U.S.-based investors stepped in to buy the dip as forced selling pressure eased.Coinbase is widely viewed as a proxy for institutional and…

ETH price moved above $2,150 as Bitcoin and US stock markets rallied, but does data show whether derivatives traders have turned bullish yet?Key takeaways:Ethereum maintains dominance in its total value locked metric, yet faces scrutiny over layer-2 scaling.ETH inflation rose to 0.8% as onchain activity slowed, while US macroeconomic fears kept the derivatives markets in bearish territory.Ether (ETH) price managed to reclaim the $2,100 level following a 43% crash over nine days that culminated in the altcoin making a $1,750 low on Friday. Despite a 22% relief bounce after hitting its lowest price since April 2025, ETH derivatives markets continue…

Bitcoin (BTC) may form a bottom in the coming weeks as Tether’s USDt (USDT) dominance retests a key resistance level that preceded BTC’s 2022 cycle low.Tether dominance tops have aligned with BTC bottomsAs of February, Tether dominance reached the 8.50%–9.00% range (the red area in the chart below), revisiting a historically significant zone that previously aligned with Bitcoin’s bear market lows. When USDt’s market share rises, it usually means traders are playing it safe and parking money in stablecoins instead of riskier coins like Bitcoin. Likewise, a rotation back into crypto usually aligns with USDt dominance falling. This inverse relationship…

Coinbase’s “Everything App,” Base App, is sunsetting its Creator Rewards program and Farcaster-powered social feed as part of a strategic shift to focus entirely on tradable assets.The Creator Rewards program was launched in July and was intended to make Ethereum layer 2 Base a more social ecosystem, where activity and engagement translated into earnings.The Base App X account said on Monday that it handed out around $450,000 to 17,000 creators over seven months, with the data suggesting that creators earned an average of $26. “As we’ve rolled the app out, we’ve realized we need to do less, better. And by…

Interoperability is crucial for a seamless experience with blockchains and cryptocurrencies. However, it is largely missing in integrations between many existing wallet SDKs and RGB, a protocol for issuing assets and running smart contracts on Bitcoin.Utexo, a CTDG Dev Hub participant, has introduced RGB support for Tether’s Wallet Development Kit (WDK) via the Utexo SDK. The support essentially reconciles two fundamentally different views of asset state.Why wallet SDKs and RGB are a mismatchMost wallet SDKs are designed around a narrow and well-defined set of responsibilities: managing keys, tracking balances, constructing transactions and interacting with the underlying chain. They assume that…

The British Museum announced that it has successfully raised £3.5 million ($4.8 million) to acquire the “Tudor Heart” pendant and keep the centuries-old object in the UK. The museum described the Tudor Heart as “unlike any object in the British Museum collection or elsewhere in the UK.” The 24-carat-gold pendant, which is accompanied by a 75-link gold chain, is currently the only known piece of jewelry to survive from the period of Henry VIII’s reign during his 24-year marriage to his first wife, Katherine of Aragon. Related Articles The British Museum first began its fundraiser last October after securing a…

Bitcoin (BTC) pushed back above $71,000 on Monday, after market sentiment indicators across the crypto market dropped to new lows. Some analysts believed that “extreme fear” and upside liquidity may help Bitcoin hold above its yearly-low at $60,000, but others warned that weak market conditions and bearish futures volume may push prices even lower.Key takeaways:The Crypto Fear & Greed Index dropped to a record low of 7, showing extreme fear in the market.More than $5.5 billion in short liquidations above current prices may fuel a rebound.Weak price trends and rising derivatives selling may still drag Bitcoin below $60,000.Sentiment and liquidation…