Lakshya Baskar

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

Posts by Lakshya Baskar

Vitalik Buterin Says ETH-Backed Algorithmic Stablecoins Qualify as ‘True DeFi’

Ethereum co-founder Vitalik Buterin argued that even well-designed ETH-collateralized algorithmic stablecoins still constitute genuine decentralized finance. He clarified that such algorithmic mechanisms can transfer U.S. dollar counterparty risk from users to market makers. Buterin blasted the notion that USDC deposit yield strategies are representative of true DeFi principles. He suggested

February 9, 2026 2 mins read

Lyn Alden Says Fed Entering ‘Gradual Print’ Era of Monetary Policy

Economist Lyn Alden says the U.S. Federal Reserve is embarking on a “gradual print” era of monetary policy characterized by steadily increased liquidity. Alden said this approach will grow the Fed’s balance sheet at a rate proportional to bank asset growth or nominal gross domestic product, whichever is higher. Many

February 9, 2026 3 mins read

Crypto Sell-Off Triggers Temporary Withdrawal Halts on Binance and Bybit

Binance and Bybit have been said to have frozen withdrawals as a crypto sell-off continues to worsen in the marketplace. This freezing of withdrawals seems to have occurred as a result of a sell-off among the crypto assets in the marketplace. The recent sell-off appears to have influenced the decision

February 6, 2026 2 mins read

Japan’s Metaplanet Commits to Further Bitcoin Purchases as BTC Slides to $60,000

Metaplanet is a Bitcoin vault company based in Japan. And it was reported that they were committing themselves to buying even more Bitcoins despite the latest dips in price. In fact, the value of Bitcoin went down to around $60,000 in the past before it went back up to some

February 6, 2026 3 mins read

Bitwise Files With SEC to Launch First Uniswap ETF in U.S. Markets

Bitwise Asset Management has filed a registration statement with the U.S. Securities and Exchange Commission to launch an exchange-traded fund focused on Uniswap. The offering would give investors regulated exposure to the governing UNI token via a traditional investment vehicle. If approved, it will become the first ETF to focus

February 6, 2026 3 mins read

Public Retirement Funds Hit by Sharp Decline Amid Bitcoin Slump

Eleven major U.S. public pension funds are now reporting substantial unrealized losses on microcap Strategy shares linked to Bitcoin. Their combined holdings of almost 1.8 million Strategy shares are currently worth $240 million. This is down from $577 million, which indicates a substantial drawdown. Market information reveals that this represents

February 5, 2026 2 mins read

Binance Responds to Forged Legal Letter, Rejects Insolvency Accusations

Binance denied any connection to a viral cease-and-desist letter related to allegations of insolvency and bankruptcy. These rumors were spreading around the social media platforms. The exchange explained that the viral document was a forgery circulating on social media platforms. The rumors about the financial stability of Binance started when

February 5, 2026 3 mins read

CFTC Withdraws Proposed Ban on Sports and Political Prediction Markets

The CFTC has pulled its 2024 proposal that aimed to ban sports and political prediction markets, saying it will not proceed with final rules on the issue. CFTC Chairman Michael S. Selig said the agency will instead initiate new rulemaking based on a sound interpretation of the Commodity Exchange Act.

February 5, 2026 3 mins read

Binance Completes Second Bitcoin Purchase for SAFU, Adding 1,315 BTC

One of the world’s biggest crypto exchanges, Binance, has made additions to its Secure Asset Fund for Users (SAFU) by acquiring 1,315 BTC worth $100 million, according to Arkham data. This is the second acquisition of Bitcoin by Binance as part of its plan to turn up to $1 billion

February 4, 2026 3 mins read

TRM Labs: U.S. Treasury Probing Crypto Exchanges Over Iran Sanctions Evasion

The U.S. Department of the Treasury is reviewing whether crypto exchanges and digital asset infrastructure have been used by Iranian-linked actors to circumvent international sanctions. The U.S. regulators are also paying attention to the centralized exchanges, stablecoin routes, and liquidity providers that could act as repeatable access points for the

February 4, 2026 2 mins read