The Ethereum co-founder urged broader adoption of open social platforms, saying decentralized social media can improve online communication by restoring competition. Ethereum co-founder Vitalik Buterin said he plans to fully recommit to decentralized social media in 2026, arguing that only platforms built on shared, decentralized data layers can foster real competition and support mass communication systems aligned with users’ interests rather than engagement metrics. In a Wednesday post on X, Buterin said he has shifted his activity toward decentralized social platforms this year, noting that every post he has written or read in 2026 has been accessed through Firefly, a multi-client interface that supports X, Lens, Farcaster and Bluesky. “If we want a better society, we need better mass communication tools,” Buterin said, arguing that decentralization enables competition by allowing multiple clients to operate on a shared social data layer. Read more
Institutional investors and crypto whales viewed the ETH price drop below $3,000 as a buying opportunity, but data still hints at a deeper sell-off to $2,700. Ether (ETH) price saw a daily candle close below $3,000 on Tuesday, but a positive is that data showed large holders were buying throughout the dip. While ETH whale accumulation signals growing confidence, conflicting indicators suggest rising market risk for the altcoin. Key takeaways: ETH whales and institutional investors bought over $130 million in Ether as the price closed below $3,000 on Tuesday. Read more
The committee released a draft bill in November proposing a regulatory framework, but some lawmakers still have concerns about provisions on DeFi, ethics and stablecoins. The US Senate Agriculture Committee, one of two committees in the chamber considering legislation to establish digital asset market structure, is expected to release its text of the bill by the close of business on Wednesday. Chair John Boozman said last week that the committee would release its version of the Digital Asset Markets Clarity (CLARITY) Act on Wednesday, with a markup hearing scheduled for the following Tuesday. However, the committee had not announced any updates since Coinbase effectively derailed a scheduled markup in the Senate Banking Committee last week by pulling its support for the bill. Some Senate Democrats have reportedly been pushing for additional restrictions on decentralized finance within the market structure bill. Coupled with Coinbase pulling its support for the banking committee’s bill and concerns over the w...
In an interview from the WEF in Davos, David Sacks addressed disputes over stablecoin yield and the crypto market structure legislation that's stalled in the US Senate. White House crypto czar David Sacks said banks and crypto companies will ultimately merge into “one digital asset industry” once Congress passes the long-delayed market structure bill. The comments came during an interview on CNBC’s Squawk Box on Wednesday at the World Economic Forum (WEF) in Davos, Switzerland, where Sacks was asked about the negotiations around the proposed CLARITY Act, a market structure bill that has stalled amid debate over whether stablecoin issuers should be permitted to offer yield. Sacks said the yield debate has become the primary obstacle to advancing the legislation, but noted that lawmakers, banks and crypto companies must compromise to get a market structure bill to US President Donald Trump to sign into law. Read more