Patrick holds a graduate degree in Life Sciences and discovered Bitcoin and crypto in 2018. With a strong analytical background, he has worked with and advised multiple projects in DeFi and real-world NFT applications. Passionate about blockchain innovation, he provides valuable perspectives on decentralized finance and asset tokenization, shedding light on emerging opportunities in the space.
Market News
In a decisive move to combat the global narcotics trade, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Iranian national Behrouz Parsarad, the sole administrator of the now-defunct Nemesis darknet marketplace. As part of the sanctions, OFAC identified 49 cryptocurrency addresses associated with Parsarad—44 Bitcoin (BTC) addresses and 5
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El Salvador’s President, Nayib Bukele, has reiterated his commitment to the nation’s Bitcoin acquisition strategy, stating that government purchases of the cryptocurrency will continue unabated, despite recent stipulations from the International Monetary Fund (IMF). On March 3, 2025, El Salvador secured a $1.4 billion loan from the IMF under the Extended Fund Facility. However, a
Market News
Across Protocol, an interoperability-focused Ethereum bridge, has raised $41 million in a token sale round to strengthen its role in connecting Ethereum with Layer 2 networks. The round was led by Paradigm, with Bain Capital Crypto, Coinbase Ventures, Multicoin Capital, and angel investor Sina Habinian also participating. The funding was secured in two phases, one
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Vietnam is set to introduce a legal framework for digital assets by the end of March as the government moves to strengthen regulatory oversight and integrate cryptocurrencies into its economic expansion plans. The decision follows Prime Minister Phạm Minh Chính’s Directive No. 05, which outlines an ambitious target of 8% or higher national economic growth
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Authorities in Assam, India, have dismantled a large-scale crypto scam that defrauded over 2,000 victims, leading to $2.4 million in losses. The fraudulent operation, known as RSN Crypto, promised investors lucrative returns through a crypto-based game, luring unsuspecting residents from Assam and neighboring Meghalaya into the scheme. In a late-night operation on Sunday, the Assam
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THORChain, the decentralized cross-chain exchange, has seen an unprecedented surge in trading volume, hitting a record $4.6 billion in swaps following the $1.4 billion hack of Bybit. This spike in activity is directly linked to hackers attempting to launder stolen funds through THORChain’s decentralized infrastructure, raising concerns about how DeFi platforms can be exploited for
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TIn a stunning regulatory reversal, the SEC has dropped its lawsuit against Kraken, signaling a major shift in U.S. crypto policy under the Trump administration. The lawsuit, originally filed in November 2024, sought to classify Kraken as an unregistered securities exchange and impose stricter oversight on its operations. However, according to Kraken, the SEC will
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The cryptocurrency exchange-traded product (ETP) market has suffered its largest single-week sell-off in history, with investors pulling out a record-breaking $2.9 billion in the past week. The outflows come amid three consecutive weeks of withdrawals, wiping out a total of $3.8 billion from global crypto ETPs, according to a report from European investment firm CoinShares.
Market News
Donald Trump’s U.S. Crypto Strategic Reserve announcement has reshaped the crypto market, pushing Bitcoin’s dominance below 50% for the first time in months. The reserve, which includes Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) alongside Bitcoin, has triggered a surge in altcoin investments, leading to a reshuffling of market power. Bitcoin’s market share plunged
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David Sacks, the newly appointed White House AI and Crypto Czar, has confirmed that he sold all of his cryptocurrency holdings—including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)—before the start of the Trump administration. His statement comes in response to rising concerns over potential conflicts of interest, given his deep connections in the crypto investment
Market News
One crypto trader turned a high-risk, high-reward bet into a $7 million windfall on Hyperliquid, leveraging 50x just before Trump’s crypto reserve announcement. The trader strategically opened a 50x long position on Bitcoin (BTC) and Ethereum (ETH) just ahead of former President Donald Trump’s crypto reserve announcement on Sunday morning—a move that nearly ended in
Market News
The cryptocurrency market has roared back to life, surging nearly 20% in total market capitalization after President Donald Trump announced a U.S. Crypto Strategic Reserve. The revelation, which included Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP, sent shockwaves through the industry, reversing weeks of decline and sparking fresh investor optimism. Trump’s announcement
