The CEO of the dYdX Foundation sees parallels between the internet of the 1990s and where Decentralized Finance (DeFi) is today.

The firm’s IMX token is down over 13% at $1.16 following the announcement.

He has recommended that the state retirement system direct a portion of its funds into crypto.

CoinDesk had 20 minutes in person with the Tron founder on the sidelines of Chainlink’s Smartcon at Hong Kong Fintech Week. We covered a lot.

The company also owns a significant amount of gold and the big move higher in the yellow metal boosted profits.

The final stretch of the U.S. presidential election is keeping traders on their toes after recent big runs higher for crypto and traditional markets.

Normally, a $21 billion equity offering by a company only worth just over double that amount would tank the issuer’s stock price. But the economics around corporate America’s biggest bitcoin bull are different.

The revised plan to sell only $30 million of WLFI tokens — instead of the originally planned $300 million — suggests Trump may not quickly see a big payday from World Liberty Financial.

Ellipsis is best known as the builder of Phoenix, the popular orderbook-style exchange on Solana.

Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.