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Jesse Powell has a lot on his plate. He is helping the crypto industry flex its newfound influence in Washington, DC, and Kraken, the crypto exchange he founded in 2011, is planning to go public next year. But as he pulls up a chair at a San Francisco coffee shop, what’s top of mind for Powell is not politics or business. It’s real estate. He wants to talk about the gorgeous white tower known to locals as ‘Susie’s Building’ that was built in the 1920’s—and whose residents don’t want Powell to live there. “It’s right around the corner, I can…

New Zealand’s ruthless pace attack carved up Pakistan to deliver a crushing 115-run win in the fourth T20 on Sunday and clinch the five-match series. The home side moved 3-1 ahead after defending 220-6 in Mount Maunganui and then dismissing a ragged Pakistan for just 105 in the 17th over. Jacob Duffy claimed 4-20 and fellow seamer Zak Foulkes 3-25 as Pakistan suffered their biggest T20 loss by runs against all nations, eclipsing a 95-run defeat against New Zealand in Wellington nine years ago. The tourists were reduced to 9-3 after two overs with Duffy bagging two scalps in his…

SHANGHAI: Lewis Hamilton roared to his maiden win in Ferrari red in the Chinese GP sprint on Saturday but the man he beat — McLaren’s Oscar Piastri — later scored his first-ever pole position in main race qualifying. Piastri will be joined on the front row for Sunday’s 56-lap race by the Mercedes of George Russell after a thrilling day of action at the Shanghai International Circuit. Hamilton was only fifth in qualifying but the day already belonged to the seven-time world champion. The 40-year-old controlled the 19-lap sprint race from pole to take the chequered flag in only his…

President Trump followed through on a popular campaign promise this month. After laying the groundwork for a strategic reserve of cryptocurrency holdings in earlier commitments, the March 6 signing of Executive Order 14233 seeks to establish an official Strategic Bitcoin Reserve and a separate Digital Asset Stockpile. Many crypto investors had been hoping for a truly game-changing strategic reserve, paving the way to massive federal purchases of Bitcoin (CRYPTO: BTC) and other digital assets. The executive order didn’t exactly deliver on those bullish hopes, and the immediate market reaction was largely negative. On the other hand, this two-pronged digital asset strategy…

LAHORE: Pakistan Cricket Board chief operating officer Sumair Ahmad has blamed mismanagement from the International Cricket Council as the reason for the absence of a representative from hosts Pakistan during the final ceremony of the Champions Trophy. Sumair was nominated by PCB chairman Mohsin Naqvi as the board’s representative for the final in Dubai on March 9 but he was not called up to the stage to distribute prizes after India won the title with victory over New Zealand. “I was at the Dubai International Cricket Stadium as Mr. Naqvi was unable to attend,” Sumair told a news conference after…

MOUNT MAUNGANUI: A predominantly young Pakistan squad led by Salman Ali Agha look to maintain the momentum when they face New Zealand in the fourth T20 International in Mount Maunganui on Sunday. The hosts lead the five-match series 2-1. After winning comprehensively the first two games of the series, New Zealand were surprised by the tourists in a high-scoring third game at Auckland’s Eden Park where Salman and his men chased down a mammoth 205 in just 16 overs, largely through young opener Hasan Nawaz’s record-breaking century (105 not out off 45 balls), the right-hander’s first in T20 Internationals. A…

Pakistan won the toss and elected to bowl in the fourth Twenty20 against New Zealand in Mount Maunganui on Sunday as they bid to square the five-match series. Captain Salman Agha’s decision was no surprise, given that the chasing team has comfortably won each of the first three games of the series. New Zealand made two changes from the team that lost the third match convincingly in Auckland on Friday by nine wickets, leaving Pakistan trailing 2-1. Both are to their seam attack, with Zak Foulkes and Will O’Rourke replacing Kyle Jamieson and Ben Sears. Pakistan are unchanged from the…

Changes to the crypto market have been happening at warp speed in 2025. We’re only two months into the second presidency of Donald Trump, and we’ve already seen a scaling back of the Security and Exchange Commission’s crypto oversight power, the creation of a Strategic Bitcoin (CRYPTO: BTC) Reserve, and a proliferation of executive orders related to digital assets. That’s just the start. There’s more that could be coming during the next 12 months. Here’s a brief overview of three key developments to watch and what they could mean for your crypto portfolio. Let’s start with the one development that’s…

The U.S. Securities and Exchange Commission is looking to reset its relationship with the crypto industry, even before a permanent chair is confirmed by Congress. The latest effort was Friday’s roundtable, hosted at the SEC’s headquarters in Washington, D.C. and featuring a dozen attorneys representing different views and positions within the crypto industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The SEC’s reset began when Acting Chair Mark Uyeda launched a crypto task force and oversaw his agency withdraw Staff Accounting Bulletin 121,…

Earlier this month, U.S. President Donald Trump announced the creation of the Strategic Bitcoin (CRYPTO: BTC) Reserve and the United States Digital Asset Stockpile. The former will hold Bitcoin — no surprises there. The latter will hold four more of the largest cryptocurrencies: Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), and Cardano (CRYPTO: ADA). The fact that the U.S. is stockpiling crypto is exciting news for crypto investors. But are these good cryptocurrency investments? Let’s take a closer look at each one. Bitcoin is the original cryptocurrency and has also been the most successful. At the time of…