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Crypto Biz: Blockchain B2B trending, Telegram’s new ad platform, and more

This week’s Crypto Biz examines concerns over chip shortages and sustainability issues for crypto miners, Telegram’s new ad platform, Kraken’s expansion into institutional investors, and more.

Don’t rule out algorithmic stablecoins, Crypto Council tells Hong Kong

The CCI assessed the HKMA’s proposed stablecoin regulations and suggested moderation and acceptance of innovation.

Solana gains 34.5% in a week, and network metrics support further gains

Can SOL sustain the momentum after breaking above a 23-month high? Decentralized application volumes surged, but there’s a catch.

Experts say OpenAI in ‘precarious position,’ ‘might become next WeWork’

Elon Musk’s lawsuit over OpenAI’s for-profit pivot has prompted fears the company could be unraveling.

$200M lost to hacks in 2024, Shido token plummets 94%: Finance Redefined

Over $200 million worth of cryptocurrency has been lost to hacks and rug pulls in 32 individual incidents so far this year.

Bitcoin layer 2s among catalysts of this bull cycle, Bitcoin OG says

The emerging Bitcoin layer-2 sector will be one of the main narratives driving BTC’s price to unprecedented highs in this bull cycle, says Bitcoin OG Dan Held.

Scientists use WiFi signals to track human movement for the metaverse

WiFi sensing makes it possible to track movement in the dark and through walls.

Coinbase introduces embedded, smart wallets for developers

The crypto exchange is expanding its wallet-as-a-service offerings, addressing developers’ pain points when building Web3 applications.

Bitcoin analyst PlanB predicts 10 months of ‘face melting fomo’

PlanB’s bull market signal flashed as Bitcoin price was trading firmly above the $62,000 mark.

Bitcoin metric repeats bull move that saw up to 1,900% BTC price gains

BTC price action delivering $180,000 this cycle just became more of a reality, according to the Bitcoin Williams%R Oscillator.

What the Bitcoin halving means for BTC mining centralization

There are concerns that the halving may be bad news for mining decentralization.

Token release revision fails to halt Starknet’s declining activity

Over a week into Starknet’s colossal airdrop event, daily active users and transaction count have returned to the baseline.

What is OTC crypto trading, and how does it work?

Explore the world of crypto OTC trading — a discreet and flexible alternative to traditional exchanges, offering privacy and tailored transactions for savvy investors.

Euro-denominated Bitcoin futures will bolster institutional adoption — CME director

The CME has already doubled its average daily Bitcoin trading volume since 2023, its executive director told Cointelegraph in an exclusive interview.

Crypto hub Hong Kong, APAC exchanges’ bull run, China’s CBDC bridge: Asia Express

Hong Kong remains firm on the exchange registration deadline, and APAC exchanges see record volumes amid the crypto bull run.

Ordinals trader gets Bitcoin back after fat-fingered NFT purchase

The seller saw the buyer’s X post and decided to buy back the Bitcoin Ordinals NFT for the same amount of Bitcoin.

Elon Musk sues Sam Altman, OpenAI over agreement breach

Elon Musk urges OpenAI to return to its open-source principles and requests an injunction to prevent the for-profit exploitation of AGI technology.

State attorneys general argue SEC overstepped in Kraken lawsuit

Attorneys general from numerous states filed a brief that calls out the SEC for its enforcement action against the Kraken crypto exchange, saying it used “undelegated authority.”

Nokia targets ‘broader potential of metaverse’ in 2030 strategy

Nokia’s Technology Strategy 2030 report revealed the company’s plans to invest heavily in its network equipment and services portfolio over the coming years.

Binance user gets drained on exchange, shares ‘strange’ experience

Community members believe the exchange’s support team should have frozen the account before transferring funds.

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