Devon Cross
Verified JournalistChief Cryptocurrency & Web3 Analyst
Devon has tracked blockchain ecosystems, tokenomics, DeFi protocols, and macroeconomic market movements since 2017, focusing on data-driven market intelligence.
Articles by Devon Cross
Covering crypto
ByteDance Secures $30 Billion Unsecured Loan for Massive AI Push
ByteDance, the parent company of TikTok, has secured a massive $30 billion unsecured credit facility backed by nearly 30 international banks to fund an aggressive expansion into artificial intelligence infrastructure, specialized chips, and global data centers.
US Adds 162K Jobs in August, Exceeding Expectations
The United States economy added a stronger-than-expected 162,000 jobs in August, signaling a robust rebound in the labor market and setting a critical backdrop for the Federal Reserve's upcoming September policy meeting on interest rates.
Crypto Earnings Reports: A Misleading Landscape for Advisors
Financial advisors navigating the digital asset space in 2026 confront a complex challenge when interpreting cryptocurrency earnings reports, which often present a misleading picture compared to traditional financial statements. The unique characteristics of blockchain technology, tokenomics, and market volatility necessitate a distinct analytical approach to accurately assess the financial health and performance of crypto-native entities.
Bitcoin Surges Past $77,500 as XRP Leads Majors Amid Fed Hike Fears
Bitcoin has surged past the $77,500 mark today, demonstrating significant upward momentum in the broader cryptocurrency market. This rally coincides with XRP leading the charge among major altcoins, while market participants are closely monitoring increasing odds, now nearing 66%, for an upcoming interest rate hike by the U.S. Federal Reserve.
CrowdStrike, Feds Dismantle Russian Crypto-Stealing Malware
CrowdStrike, in collaboration with federal authorities, has successfully dismantled a sophisticated Russian malware operation, identified as Sality, which secretly stole cryptocurrencies like Bitcoin and Ethereum for over eight years by replacing copied wallet addresses with attacker-controlled ones.
Crypto PAC Fairshake Cuts Massachusetts Primary Ad Spend
Fairshake, a prominent crypto-backed political action committee, has significantly reduced its planned media expenditures in the Massachusetts primary election, specifically targeting support for Representative Jake Auchincloss. The scaling back impacts an initial $189,000 allocation intended to influence the 2026 electoral cycle.
Ethena Pay Brings Stablecoins to Mainstream Banking with High-Yield
Ethena, a prominent stablecoin protocol, has launched Ethena Pay, a new service designed to integrate stablecoins into everyday financial activities through high-yield savings accounts offering a 6% dollar savings rate and a 5% cashback reward on card payments, utilizing the Avalanche blockchain for transaction settlement.
Texas Halts Flock Surveillance Funding Amid Privacy Outcry
Governor Greg Abbott has mandated that all state agencies in Texas cease funding for Flock surveillance technology, a decision driven by escalating public outrage over privacy violations and documented instances of officer misconduct associated with the AI-powered license-plate readers.
Fed Rate Hike Odds Sit at 58% as September Fears Cool
Concerns over an aggressive Federal Reserve rate hike in September appear exaggerated, with money markets pricing the probability of a rate increase at just 58% despite a hawkish speech from Kevin Warsh.
Sberbank to Accept USDT, Ether for Loans; Digital Ruble Doubts
Russia's largest financial institution, Sberbank, is preparing to expand its crypto-backed lending services to include Tether (USDT) and Ethereum (ETH) as collateral options, alongside existing Bitcoin (BTC) offerings, under the nation's new regulated crypto framework, while simultaneously expressing reservations about the public demand for the central bank's digital ruble initiative.
BIS Chief Questions Stablecoin Credibility for Payments at Scale
Pablo Hernández de Cos, head of the Bank for International Settlements (BIS), has voiced significant skepticism regarding stablecoins' ability to serve as credible instruments for payments at scale, citing profound regulatory and operational challenges. His remarks coincide with a new study from the Financial Stability Institute (FSI) that highlights stark inconsistencies in issuer rules across the stablecoin landscape.
Bitcoin Researchers Propose Quantum Fix SHRINCS to Boost Capacity
A new proposal dubbed SHRINCS by Bitcoin researchers aims to introduce quantum-resistant transaction approvals without significantly increasing network load, addressing a critical challenge for the cryptocurrency's long-term security. This innovative approach promises to integrate larger, more robust cryptographic signatures while preserving more network capacity than current post-quantum signature designs.