Elon Musk-headed Department of Government Efficiency could tap blockchain technology to support its objectives of cutting federal spending, according to a report on Saturday. What happened: Musk, who floated the idea of the so-called agency, was contemplating the use of a digital ledger to track spending, secure data, and...

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Solana, the second-largest blockchain by Total Value Locked (TVL), has seen its ecosystem grow exponentially, driven by a rapid increase in the market value of its stablecoins. Data from the decentralized finance (DeFi) analytics platform DefiLlama shows that the network’s stablecoin market cap had reached $10.7 billion at the...

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“While the hype surrounding meme coins may fade, the market itself will not disappear,” the CryptoQuant founder wrote on social media....

The Ethereum Foundation (EF), a non-profit supporting the Ethereum blockchain network, has established a multisig wallet to participate in the decentralized finance (DeFi) ecosystem. In line with this, the organization has initiated a transfer of 50,000 ETH worth approximately $165.3 million into the wallet. The New Multisig Wallet According...

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Crypto investors in the U.S. are bracing for impact as tax authorities crack down on reporting.  Centralized exchanges (CEXs) will soon have to report crypto transactions to ensure tax compliance. Even MicroStrategy, which holds over $19B in Bitcoin gains, might feel the heat.  The rescinding of SAB 121 –...