DL News

He’s the one who got away.

In the long running legal clash between Nigeria and Binance, Nadeem Anjarwalla has seemingly been lost in the shuffle.

But the Binance executive who was detained with colleague Tigran Gambaryan last February and managed to make an escape worthy of a John le Carré novel is still a wanted man.

And the government in Abuja, as well as Interpol, are on the hunt, Alhaji Mohammed Idris, the country’s information minister, told DL News in an exclusive interview.

“Nadeem An

Graham Cooke, founder and CEO of the stablecoin management firm Brava, had an interesting thought.

“The IPO is dead. And Coinbase just killed it.”

Cooke argues that tokenisation will put paid to the practice of initial public offerings of traditional shares.

He also says the boom in private markets offers an opportunity to sidestep the onerous task of raising capital via public stock markets.

“Instead of complex IPOs with dozens of middlemen, companies will tokenise their shares directly,” C

In an escalation of Nigeria’s long running legal clash with Binance, a government minister said Thursday that terrorists and kidnappers funnelled funds through crypto transactions on the platform.

“We stumbled on evidence linking the operations of Binance and these criminal elements ― terrorists and their like,” Alhaji Mohammed Idris, the government’s Minister of Information, told DL News in an exclusive interview.

“We were having our own fear of insecurity exacerbated by operations of Binance

The US Securities and Exchange Commission’s approval of a spot XRP exchange-traded fund is not a matter of if, but when.

That’s according to Nate Geraci, president of investment advisor The ETF Store.

“Seems obvious spot XRP ETF approval [is] simply [a] matter of time,” Geraci said on Wednesday.

If approved, XRP will join the $104 billion crypto ETF market and become the third cryptocurrency to get its own spot fund, after Bitcoin and Ethereum.

The prediction comes after Ripple CEO Brad Garl

Last year, Arbitrum DAO, a digital cooperative that runs the Arbitrum blockchain, made a massive bet on gaming.

The DAO called the project the Gaming Catalyst Program and endowed it with with 225 million ARB tokens, worth about $200 million at the time.

Since then, the ARB token has dropped more than 60%, and the program now has about $86 million.

Frustration has boiled over as losses mount and the initial promise fades.

On Monday, two DAO members proposed clawing back most of the $86 millio

Too many young people invest in crypto.

That’s according to Nikhil Rathi, chief executive of the UK’s Financial Conduct Authority, who made his view known during a meeting with lawmakers on Tuesday.

The boss of the leading financial markets watchdog said they estimate “several millions” of people in the UK under the age of 35 have invested in digital assets without understanding the risks.

“We know it’s potentially very high-risk and you could lose all of your money,” Rathi said.

The FCA wou

Paul Atkins is bracing for a grilling.

On Thursday, Donald Trump’s pick to lead the Securities and Exchange Commission is expected to field tough questions about his plans for the top US financial regulator.

This week, Elizabeth Warren, the ranking member of the Senate Banking Committee, set the stage by firing off a 34-page letter.

The missive interrogates Atkins about his role in the 2008 global financial crash, whether he’ll investigate Trump’s businesses, and Atkins’ ties to Wall Street a

GameStop shares jumped over 14% over the past 24 hours after the company’s board approved a plan to buy Bitcoin.

The video game retailer and meme stock darling has $4.8 billion in cash reserves, but it’s unclear how much it wants to allocate to the number one cryptocurrency.

While the announcement has caused a stock price uptick, some market observers say it’s a double-edged sword.

“In the short term, this has already acted as a positive decision, as reflected in the company’s stock growth, h

When The Atlantic magazine revealed on Monday that top US officials were using Signal, a popular messaging app, to plan a bombing campaign in Yemen, observers wondered whether there would be any consequences for the apparent lapse in operational security.

It’s unlikely, according to crypto bettors.

There’s a one-in-ten chance President Donald Trump fires national security advisor Mike Waltz before June, according to bettors on Polymarket. That market was created Monday and had accumulated just

A version of this article appeared in our The Decentralised newsletter on March 25. Sign up here.

GM, Tim here.

Dydx, a perpetual futures trading platform, announced on Monday plans to use 25% of its profits to buy back its governance token.

The protocol says the scheme will “further align protocol success with the $DYDX token.” The DYDX token has fallen some 73% since the crypto market’s all-time high in December.

The idea is that buybacks — paid for with fees generated by the protocol’s us

Fidelity will be adding its own fund to the estimated $10 billion in tokenised real-world assets held onchain.

The financial giant with about $6 trillion in assets under management announced a plan to establish an Ethereum-based money market fund for institutional investors called, appropriately, OnChain.

As with a typical money market fund, Fidelity will stock it with “99.5%” US government bonds and cash.

Fidelity follows UBS, BlackRock, and Franklin Templeton in establishing a tokenised inv

World Liberty Financial, the Trump family’s purported DeFi project, has long hinted that it plans to issue a stablecoin to compete with market giants Tether and Circle.

Those plans became more concrete on Tuesday after the project released details of the stablecoin in a blog post.

The dollar-pegged token, called USD1, will be backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.

“Each token is intended to maintain a value of $1 USD, fully backed by a r

Trump Media & Technology Group, US President Donald Trump’s media company, announced a partnership with cryptocurrency exchange Crypto.com to launch exchange-traded funds.

But backlash in the crypto industry has been swift.

That’s because the crypto exchange and its subsidiary Cronos Labs also said they will reissue some $7 billion worth of their native Cronos tokens that were burned in 2021.

Burned tokens in crypto are supposed to be permanently destroyed, but in Crypto.com’s case, they can

By the end of this week, a known crypto backer may be leading a US banking regulator.

Jonathan Gould’s future as the potential next Comptroller of the Currency hinges on his performance at the confirmation hearing that’s slated for Thursday.

If successful, Gould will replace Acting Comptroller of the Currency Rodney E. Hood, who was appointed in February.

Crypto industry reps have welcomed the nomination as a sign that the Office of the Comptroller of the Currency will engage with Congress ab

Revolut’s Revolut X exchange app will expand to include retail traders and be available on mobile phones as the neobank amps up efforts to compete with native crypto firms.

The UK challenger bank described the launch to European and UK consumers as “the next step to challenging other major exchanges,” Revolut said in a statement.

In an interview, a spokesperson hinted to DL News that a US expansion is coming.

“We have no specific timeline to share right now — but this is our ambition,” the sp

Solana may have been the hottest cryptocurrency on the planet last year but institutional investors remain wary of the Ethereum rival.

That’s the upshot from the “unremarkable” debut exchange-traded funds for Solana futures made during their first week of trading, according to crypto data firm Kaiko.

CME Group, one of the world’s largest marketplaces for derivatives, launched its Solana futures product March 18.

There was $12 million in trading volume, far less than similar products launched

A bad month can turn around quickly.

At the beginning of March, Arthur Hayes was calling for a “violent plunge” on Bitcoin, to around $75,000.

At the time, Bitcoin was trading below $80,000.

Not anymore.

“I bet [Bitcoin] hits $110,000 before it retests $76,500,” Hayes, co-founder of BitMEX and chief investment officer of crypto fund Maelstrom, wrote on Monday. Bitcoin is trading at about $88,336.

Hayes expects the Federal Reserve to pick up its bond purchasing, injecting money into the econ

Is Bitcoin a digital gold?

Backers like Strategy’s Michael Saylor, BlackRock’s Larry Fink and even US President Donald Trump have made the case that its scarcity makes Bitcoin an ideal storage of value.

That narrative has been challenged after Bitcoin fell to almost 19% from its all-time high of $108,786, reached on the day of Trump’s inauguration on January 20.

Now, Standard Chartered’s top crypto analyst says Bitcoin isn’t a safe haven asset — at least not yet.

“Bitcoin is almost always mo

A version of this story appeared in our The Guidance newsletter on March 24. Sign up here.

When it comes to crypto, who’s in charge?

The founders of a project that issues tokens? Or the software that makes a blockchain tick?

This question has whirred at the heart of crypto ever since the marketplace started to truly scale in the early 2010s.

Gary Gensler, the former chair of the US Securities and Exchange Commission, argued that people and companies are ultimately responsible for the issuanc

When Bitcoin soared to over $100,000 in December, DeFi failed to move in tandem, as it has in the past.

No boom came. As interest waned, dozens of once-popular DeFi tokens plummeted more than 70% from their highs.

Even so, venture capitalists at three firms told DL News they are still excited about the sector’s growth picture.

“Liquid opportunities are starting to become extremely attractive with the recent decreases in price,” Gleb Dudka, a principal at Greenfield Capital, told DL News.

He