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ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital-asset innovation and leadership away from the U.S.?

Hayes wants Maelstrom to outperform bitcoin and ether, which won’t be easy.

Bitcoin was little changed at $27,900 in the minutes following the roughly in-line report.

Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.

Ripple was projected to have spent $100 million fighting the SEC. Financial advisors should pay attention to Ripple’s trial, as it could have significant consequences to how we define securities.

Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.

MonkeDAO, a decentralized autonomous organization formed by owners of the Solana Monkey Business NFT project, will purchase all intellectual property rights to the collection from its current owner HadesDAO.

The DEX, however, has been unable to maintain elevated periods of trading volumes in the past, CCData noted.

The move continues a 2023 rally that has now seen the most popular crypto gain more than 80%.

The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.