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Lakshya Baskar

I specialize in Web3 and crypto writing, producing clear, research-driven content on blockchain, cryptocurrencies, and market trends.

Posts by Lakshya Baskar

JPMorgan

JPMorgan Report Highlights Growing AI Appetite Among Family Offices Worldwide

A recent industry report by JPMorgan Private Bank has revealed that there is an increasing rift in the investment preferences of the world’s wealthiest family offices. This is due to artificial intelligence becoming a leading investment theme and cryptocurrencies being largely ignored. According to the 2026 Global Family Office Report,

February 3, 2026 2 mins read
FTX

Fenwick & West Reaches Proposed Settlement With FTX Users

FTX users and law firm Fenwick & West LLP have agreed to a proposed settlement in a lawsuit regarding the firm’s representation of the failed cryptocurrency exchange, according to court documents. The lawsuit, which is part of a multidistrict litigation action filed in response to the collapse of FTX in

February 3, 2026 3 mins read
Donald Trump

Trump Says He Was Not Involved in $500M Abu Dhabi WLFI Deal

US President Donald Trump has denied any knowledge of a $500 million investment by an Abu Dhabi company in WLFI. The World Liberty Financial is a cryptocurrency firm that has ties to Trump and members of his family. When asked about the matter, Trump claimed he did not know, stating,

February 3, 2026 2 mins read
BitMine

Ethereum Treasury Firm BitMine Faces $7B Unrealized Loss Amid Crypto Downturn

BitMine Immersion Technologies, one of the largest publicly recognized holders of Ethereum (ETH), is currently struggling with unrealized losses of almost $7 billion due to the recent crypto market downturn, which has pushed its Ethereum treasury significantly into the red. The company’s Ether position, acquired at an average price of

February 2, 2026 2 mins read
Vitalik Buterin

Vitalik Buterin Proposes Two-Layer Blockchain Model to Strengthen Decentralized Governance

Ethereum co-founder Vitalik Buterin has proposed a paradigm shift in how blockchain governance and mechanism design could be approached in the future. He introduced a two-layer system that separates execution from preference formation. Shared on X, the proposal has sparked significant interest across the broader blockchain community. Buterin’s two-layer system

February 2, 2026 2 mins read
Trump

Senator Warren Presses for Probe Into Trump-Linked UAE Crypto Deal

U.S. Senator Elizabeth Warren has intensified their efforts to investigate a foreign investment in World Liberty Financial (WLFI), a cryptocurrency company associated with the Trump family, by initiating congressional oversight. This comes after it was revealed that a UAE-funded firm had invested $500 million in WLFI in January 2025, just

February 2, 2026 2 mins read
Crypto Tax

India Retains Crypto Tax Regime, Introduces New Reporting Penalties in Budget 2026

The 2026 Budget for the Union in India retains the same tax treatment for cryptocurrencies, no exemptions or changes, and increases penalties for non-reporting of virtual digital assets. In the Finance Bill introduced by Finance Minister Nirmala Sitharaman, new provisions under Section 509 of the Income-tax Act, 2025, are introduced. 

February 2, 2026 2 mins read
OFAC

U.S. Treasury Sanctions UK Crypto Exchanges for Iran Sanctions Evasion

The U.S. Treasury has sanctioned two crypto exchanges in the UK, Zedcex and Zedxion, for allegedly assisting Iran in evading U.S. and international financial sanctions. The sanctions were issued by OFAC, or the Office of Foreign Assets Control, at the U.S. Treasury. This is the first time that OFAC has

January 31, 2026 2 mins read
MegaEth

MegaETH Will Not Give MEGA Tokens as Listing Fees or Airdrops

In its official statements, MegaETH has been consistent about this: it has not and will not dole out MEGA tokens to exchanges, whether centralized or decentralized, for listing fees or as air drops. This is a statement of the company’s position on how listings should be done and how MEGA

January 31, 2026 2 mins read
JPMorgan CEO Slams Coinbase, Warns of Stablecoin Risks in Clarity Act

Banking and Crypto Leaders Clash Over CLARITY Act Ahead of White House Policy Talks

A high-profile showdown between Coinbase and major U.S. banks has again brought the CLARITY Act into the limelight. The proposed crypto market structure bill is now pending in the Senate. At the World Economic Forum in Davos, a heated exchange occurred between Coinbase CEO Brian Armstrong and JPMorgan CEO Jamie

January 31, 2026 3 mins read