4h ago
WisdomTree Elevates Crypto to Core Business as Tokenized Assets Reach $770 Million
At the Ondo Summit in New York on Tuesday, WisdomTree CEO Jonathan Steinberg said the firm's crypto and tokenization initiatives have shifted from experimentation to a central business focus as the unit approaches profitability. He noted that tokenized assets under management have climbed from about $30 million to roughly $770 million over the past year, with expansion beyond Ethereum into networks such as Solana and wider distribution via the WisdomTree Connect platform.
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4h ago
4h ago
Vitalik Buterin Calls for Ethereum L1 and Native Rollup Scaling as Layer-2 Role Shifts
On a Tuesday post on X, Ethereum co-founder Vitalik Buterin said his earlier view of layer-2 networks as the main path for scaling “no longer makes sense,” citing their limited decentralization and growing base-layer capacity. He now favors expanding Ethereum’s mainnet through gas-limit increases and native rollups, while suggesting L2s focus on specialized use cases instead of serving as the core scaling engine. Developers are already discussing raising the gas limit from 60 million to 80 million, and researcher Justin Drake has outlined a roadmap targeting 10,000 transactions per second on Ethereum over the next decade.
4h ago
6h ago
Payward, Kraken's parent, posts 33% revenue growth to $2.2B in 2025
In a 2025 report, crypto exchange Kraken's parent company Payward disclosed that annual revenue climbed 33% to $2.2 billion from $1.6 billion in 2024, supported by higher transaction volumes and recent acquisitions. Co-CEO Arjun Sethi said income was roughly evenly distributed between trading-based and asset-based streams, while assets on the platform rose 11% to $48.2 billion and funded accounts increased 50% to 5.7 million.
6h ago