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Mainstream interest is broadening beyond Bitcoin's "store of value" use case toward blockchain-based financial innovation, the analysts said.

Turnkey plans to use the fresh funding to scale its team and expand its modular infrastructure, with a focus on open-source contributions.

The project noted that over 1,100 wallets participated in the Monday raise, with deposits averaging at $35,000.

In a final SEC crypto roundtable, the securities watchdog dug into decentralized finance, with Chairman Paul Atkins promising efforts to ease developers' path.

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Szilágyi also claims the EF, which has been undergoing a shift in leadership and focus, also funded a rival Geth development team. 

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Senior Coinbase exec Jesse Pollak described the deal as a “holy crap” moment for the payments industry.

The proposals were made under former Chair Gary Gensler, who led the agency's 'regulation by enforcement' approach.

Leading Ethereum supporters say the cryptocurrency is 'significantly mispriced' and poorly understood by institutional investors.

The Ethereum Foundation has donated $500,000 to support Tornado Cash co-founder Roman Storm's defense.

The move comes just four months after regulators paused a fraud investigation into several of Sun's companies.

The Ink Foundation said there will be a hard cap of 1 billion INK tokens, which will not be used for protocol governance.