Author: Isabella Taylor

In an effort to increase decentralization, the Solana Foundation aims to cut “validators in name only,” which rely solely on the Foundation’s stake. Solana (SOL) is bringing changes that aim to overhaul how its staking delegation program works. On Wednesday, April 23, Ben Hawkins, head of the staking ecosystem at the Solana Foundation, revealed that it would start cutting validators with a low external stake count. Solana Foundation’s Ben Hawkins on new validator policies: Source: X Specifically, for each new validator that enters the delegation program, the Foundation will cut three other validators with a low external stake. This applies…

Jack Mallers, founder and CEO of crypto payments firm Strike, is taking on a new role as CEO of the newly formed Bitcoin-centric company Twenty One. The announcement that Jack Mallers will be the new Twenty One Capital, Inc. CEO comes after the new company revealed a business venture involving Cantor Equity Partners,a special-purpose acquisition company by a Cantor Fitzgerald affiliate. Backed by stablecoin issuer Tether and Japanese investment powerhouse SoftBank Group, Twenty One will launch with more than 42,000 Bitcoin (BTC) under management. The company aims to maximize BTC ownership per share for its investors and will explore opportunities…

Aleph.im, a leader in decentralized infrastructure, has rebranded as Aleph Cloud and is launching a new startup accelerator program. Aleph.im’s rebrand as Aleph Cloud signifies its transformation into a full-stack decentralized cloud provider, as confirmed in an exclusive interview with crypto.news. Announced on April 23, the rebrand reflects the company’s expanded product suite, including decentralized compute, storage, virtual machines, and GPU resources, all designed to power next-generation Web3 and AI applications. Alongside the rebrand, Aleph Cloud is introducing a $1 million startup accelerator program to help Web3 builders and startups transition away from centralized cloud providers like AWS and Google…

Initia, Binance Launchpool’s 68th project, is gearing up for a wave of major exchange listings as its six-day farming period is drawing to a close. Initia (INIT), the latest project featured on Binance Launchpool, is set to debut on several major exchanges. Binance will officially list INIT on April 24 at 11:00 UTC. Other centralized exchanges, including MEXC, Bybit, Gate.io, Bitget, and KuCoin have also confirmed listings for tomorrow. The listings follows a six-day farming period on Binance Launchpool, where users could earn INIT tokens by staking Binance Coin (BNB), USD Coin (USDC), or FDUSD from April 18 to April…

The Pi Network price has continued to underperform the broader cryptocurrency market, having fallen by nearly 80% from its February highs. Pi Coin (PI) has been left behind in the ongoing crypto recovery, which has pushed Bitcoin (BTC) above $93,000 and lifted the total cryptocurrency market cap to nearly $3 trillion. Pi’s market cap has dropped from $19 billion to $4.62 billion, while its fully diluted valuation has tumbled from over $300 billion to $66 billion. However, publicly available data suggests that Pi Network’s founders, Nicolas Kokkalis and Chengdiao Fan, have become crypto billionaires. A report released on Friday showed…

Coinbase is launching a hiring push in Charlotte, North Carolina, marking a significant expansion into the longtime banking city.  The crypto exchange plans to hire more than 130 employees in the region, primarily for compliance and customer support roles, according to a report by Axios. The move is part of a broader initiative announced by CEO Brian Armstrong to bring on 1,000 new U.S. employees this year.  Crypto-friendly climate The expansion comes amid a more crypto-friendly political climate, with Donald Trump recently calling himself the country’s “first crypto president.” Though Coinbase has been remote-first since 2020, it maintains offices in…

While most of the crypto market experienced a bullish rally, PumpBTC unexpectedly plunged 40%, a sharp decline that caught many investors off guard, especially amid positive listing news. On Wednesday, April 23, PumpBTC, a DeFi token that recently launched on Binance, crashed 40% in 24 hours with no immediate news-based catalysts. The 40% crash came despite recent positive listing news. The same day of the crash, BingX listed the PumpBTC token on its spot crypto exchange. What is more, just one day prior, Korean crypto exchange Bithum also listed the token. PumpBTC’s price in the last 24 hours | Source:…

The National Hockey League has named Ndax, one of Canada’s largest crypto exchanges, as the Official Crypto Exchange Partner for the 2025 Stanley Cup Playoffs.  The deal marks the NHL’s first partnership with a crypto platform and Ndax’s first foray into professional sports sponsorship, according to a note shared with crypto.news As part of the agreement, Ndax will receive prominent brand exposure throughout the 2025 Stanley Cup Playoffs in Canada. Its logo will appear in the NHL’s camera-visible corner in-ice brand positions during all Canadian playoff games. “We’re integrating Ndax throughout the playoff atmosphere—with digital rink boards, in-arena logos, and…

El Salvador’s National Commission on Digital Assets, in collaboration with U.S. law firm Perkin Law Firm and former Goldman Sachs partner Heather Shemilt, has proposed a cross-border crypto regulatory sandbox to the U.S. Securities and Exchange Commission. The initiative, disclosed in SEC Crypto Task Force meeting minutes on April 22, is designed to provide the SEC with real-time data and insights from regulated digital asset activity in El Salvador. The sandbox would allow U.S. and Salvadoran regulators to jointly observe small-scale tokenization projects under El Salvador’s digital asset regime, which has evolved over the past five years. CNAD has developed…

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