Author: Kryptonews

Prominent crypto venture capitalists are clashing online about whether non-financial use cases in crypto, Web3, and blockchain have failed due to a lack of investor demand and product-market fit or if the best days for non-financial applications still lay ahead.The debate started on Friday when Chris Dixon, a managing partner at venture capital firm a16z crypto, published an article arguing that years of “scams, extractive behavior and regulatory attacks” were the reason that non-financial use cases in crypto have not taken off.These use cases include decentralized social media, digital identity management, decentralized media streaming platforms, digital rights platforms, Web3 video…

CoinDesk is hosting its second annual Consensus Hong Kong conference, and as always, we’ll have a number of policy-focused sessions. Are you in town? Find me on stage or around the show floor and say hi!You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeCoinDesk’s annual Consensus Hong Kong conference will kick off this Wednesday with a speech from Hong Kong Chief Executive John KC Lee.Why it mattersHong Kong is playing an interesting role in the intersection of financial services between the global East and…

Milwaukee Bucks forward Giannis Antetokounmpo has taken a stake in prediction market platform Kalshi, marking the first time an active NBA player has directly invested in the federally regulated event-contracts exchange. Key Takeaways: Giannis Antetokounmpo became the first active NBA player to invest directly in prediction market platform Kalshi. Kalshi offers federally regulated “yes-or-no” event contracts across sports, politics and entertainment. The deal follows growing scrutiny over the blurred line between trading markets and sports betting. The two-time NBA MVP announced the partnership Friday, saying he will join Kalshi as a shareholder and collaborate with the company on live events…

The online casino market in 2026 is seeing a surge in global participation, fueled by compliance-based gaming and blockchain-powered accessibility. LuckyLand and Pulsz Casino continue to dominate the U.S. sweepstakes sector, offering legal entertainment in most states, while Spartans has taken the lead internationally through crypto-driven gameplay and instant withdrawals.These platforms are setting new standards for transparency, social engagement, and accessibility. LuckyLand and Pulsz Casino expand their regulated U.S. footprint, and Spartans scales globally with 5,963+ games and 43 trusted providers, combining traditional casino appeal with the speed and reliability of cryptocurrency transactions.LuckyLand Broadens U.S. Footprint With Expanding RewardsLuckyLand remains…

Google worldwide search volume for “crypto” is hovering near one-year lows, reflecting weak investor sentiment amid a broad market downturn that reduced the total market capitalization of crypto from an all-time high of more than $4.2 trillion to about $2.4 trillion.Worldwide search volume for “crypto” is 30 out of 100 at the time of this writing, with a reading of 100 indicating the highest level of search interest, which was last reached in August 2025 in parallel with the market capitalization high. The 12-month low is 24, according to Google Trends data.  Google worldwide search volume for the term “crypto.”…

The crypto market continues to evolve as investors weigh caution against the hunt for new opportunities. Established meme coins are showing mixed behavior, with Dogecoin price today fluctuating near key levels despite small gains, while trading volume remains muted. Meanwhile, the Shiba Inu price is moving sideways following recent swings, keeping traders alert for whether consolidation will trigger a breakout or a drop In this environment, BlockDAG is gaining attention by offering access before public trading starts. Its final private round is live at $0.00025, providing full token delivery at launch with no vesting. Early participants also get exclusive early…

Ethereum is quietly setting up for a potentially decisive move as the Libra formation remains active on the weekly chart. While confirmation is still pending, the structure has not been invalidated, keeping the upside scenario firmly on the table. With key resistance levels overhead and momentum beginning to stabilize, ETH may be entering a critical phase where the next major directional move starts to take shape. Weekly Libra Formation Keeps The Bullish Case Alive On the X platform, Kamile Uray highlighted that Ethereum is currently forming a Libra pattern on the weekly chart. With the weekly candle yet to close…

With crypto’s multi-month downturn accelerating into a freefall last week, bulls were frantically grasping for technical signals, or maybe yarns about the blowup of some leveraged hedge fund, that might signal a final bottom for this bear market.Perhaps the ultimate sign of a bottom, though, might be the cheers arising from those who have been faithfully bearish on bitcoin BTC$69,614.17 as its price rose from $0 to more than $100,000 over its 16-year lifespan.Over the years, the Financial Times has surely stood above all traditional publications in its steadfast opposition to bitcoin and crypto. The London paper’s team of truly…

Ethereum (ETH) has declined noticeably over the past week, with price data from CoinMarketCap reporting a net 14% decline within this period. At the time of the most recent data, ETH is trading around $2,000, significantly lower than the past week’s level near $2,500. ETH Funding Rates Signal A Bullish Turn In a QuickTake post on the CryptoQuant platform, analyst Amr Taha draws attention to recent developments in ETH funding rates, a key sentiment indicator in perpetual futures. The funding rate shows the market sentiment, whether it’s optimistic/greedy (positive) or fearful/cautious (negative). Typically, when funding is highly positive or negative,…

Bitcoin’s BTC$69,614.17 Feb. 5 collapse will go down as one of the most historic selloffs on record. Below are the key statistics that help define the event and indicate how much further there may be to fall.The bitcoin price started the day near $73,000 and fell to a low around $62,000, a drop — or, as some market participants call it, a candle — of more than $10,000. The day’s 14% decline was the largest single-day drop since November 2022, during the implosion of crypto exchange FTX.The Fear and Greed Index dropped into single digits, a level seen only a…