More from Crypto & Fintech

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  Alcoa Sells Idle Smelter to Bitcoin Miner

  Alcoa is set to sell its long-dormant Massena East smelter in New York to Bitcoin mining firm NYDIG, marking a significant pivot from traditional aluminum production to digital infrastructure. The site, inactive since 2014, offers ready-made power infrastructure and hydropower access, ideal for energy-heavy Bitcoin mining operations. This deal reflects a broader trend of repurposing old industrial sites for crypto and AI data centers, signaling a shift in energy and tech industries. The transaction is expected to close mid-2026, potentially boosting NYDIG's mining capacity and influence.

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  LibreSSL 4.3 Boosts Quantum-Safe Security

  The OpenBSD team has launched LibreSSL 4.3, a major update to the cryptography library that enhances security by introducing quantum-resistant key exchange with the new mlkem768x25519 algorithm. This release also adds STARTTLS support for ManageSieve and RSASSA-PSS digital signatures, improving protocol compatibility and cryptographic robustness. Marked as experimental, LibreSSL 4.3 paves the way for integration into OpenBSD 7.9, signaling a strong focus on future-proof encryption standards.

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  RaveDAO Denies Market Manipulation Claims

  RaveDAO has firmly denied involvement in the recent wild price swings of its RAVE token amid investigations by major exchanges Binance and Bitget. The token skyrocketed from about $0.25 to nearly $28 before crashing over 80%, sparking accusations of a pump-and-dump scheme by onchain analyst ZachXBT. Both exchanges have launched probes into suspicious trading activity, while RaveDAO insists it is not responsible and plans to fund growth through transparent token sales. The outcome of these investigations could impact regulatory scrutiny on crypto market practices.

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  Schwab and Citadel Eye Prediction Markets

  Charles Schwab and Citadel Securities are exploring entry into the booming prediction markets sector, with Schwab CEO Rick Wurster signaling potential future offerings focused on wealth-building rather than sports or politics. Despite regulatory challenges and accusations of unlicensed betting, platforms like Kalshi and Polymarket saw a record $23.6 billion in trading volume in March. Citadel's Jim Esposito noted liquidity is still low but expects growth, particularly for event contracts that could serve as risk hedges for investors. This move could reshape how traditional finance engages with prediction markets as they mature.