Did Grok's Roasts Affect the XAI Token?
xAI's Grok bot went viral with profane roasts at Elon Musk and leaders. Musk reacted positively. XAI token at $0.01, down -3.65%, RSI 37.53 oversold. Critical supports at $0.0088. Grok hype could c...
USDC beats Tether as stablecoin transfer volume hits $1.8T all-time high
Stablecoin monthly transaction volume reached a record $1.8 trillion in February, as USDC surprised analysts with 70% of the total volume.
Washington Man Sentenced to 2 Years for Diverting $35M to Failed DeFi Platform
A Washington state man has been sentenced to two years in federal prison after diverting $35 million from his employer to fund a personal decentralized finance venture that ultimately collapsed during the 2022 crypto market downturn. Key Takeaways: A former Washington CFO was sentenced to two years in prison for diverting $35 million in company funds into a failed DeFi investment scheme. The crypto strategy collapsed during the 2022 market downturn following the Terra ecosystem crash. The losses severely impacted the company, triggering layoffs and nearly forcing the business to shut down. Nevin Shetty, 42, was convicted of wire fraud in November after prosecutors showed he secretly transferred company funds into a crypto investment scheme tied to his side project, HighTower Treasury. The funds belonged to a private software company where Shetty served as chief financial officer. Prosecutors Say CFO Diverted Funds After Learning of Job Termination According to the US Department of Justice, Shetty drafted a conservative investment policy for the firm that limited how corporate funds could be used. Despite those internal guidelines, he moved tens of millions of dollars from the company’s accounts after learning in April 2022 that his position would be terminated due to performance concerns. The money was routed to HighTower Treasury, where Shetty and a business partner invested heavily in decentralized finance lending protocols promising annual returns of 20% or more. Prosecutors said Shetty intended to return a fixed payment to the company while keeping the remainder of any profits generated by the crypto strategy. Initially, the scheme produced modest gains. Court filings show the operation generated roughly $133,000 in its first month. However, the broader crypto market soon entered a steep downturn following the collapse of the Terra ecosystem in May 2022. As the market fell, the value of HighTower’s positions rapidly deteriorated. The investments tied to Shetty’s strategy plunged from approximately $35 million to nearly nothing during the subsequent crypto winter. After the losses became clear, Shetty admitted his actions to colleagues at the company. He was later dismissed from his role. JUST IN: NEVIN SHETTY SENTENCED TO 2 YEARS IN PRISON FOR $35M DEFI THEFT Shetty secretly moved $35 million in company funds to his side business HighTower Treasury Those funds were then invested in high-yield DeFi lending protocols that promised returns of 20% or more.… pic.twitter.com/VIrKyXYp2N — BSCN (@BSCNews) March 6, 2026 During sentencing, US District Judge Tana Lin said the incident inflicted serious damage on the business. According to the court, the company faced “significant and severe effects” from the losses and was nearly forced to shut down. The financial damage also triggered layoffs, with about 60 employees losing their jobs as the company attempted to stabilize operations following the missing funds. Federal prosecutors had requested a nine-year prison sentence, arguing that Shetty’s actions involved deception and caused lasting harm to the company and its staff. The court ultimately imposed a shorter sentence of two years. Washington Man Ordered to Pay $35M Restitution After DeFi Fraud In addition to prison time, Shetty was ordered to pay $35,000,100 in restitution. After completing his sentence, he will remain under supervised release for three years. Judge Lin also imposed restrictions on Shetty’s future employment, prohibiting him from serving as an officer or director of a company without approval from the probation office. Last month, two teenagers from California faced serious felony charges after authorities say they traveled hundreds of miles to carry out a violent home invasion in Scottsdale, Arizona, in a bid to obtain cryptocurrency believed to be worth $66 million. The case came amid a broader rise in so-called wrench attacks , physical assaults aimed at forcing crypto holders to hand over private keys. Security researcher Jameson Lopp’s public database lists roughly 70 such incidents in 2025, a sharp increase from the previous year. Security analysts say criminals are increasingly using leaked personal data to identify targets and recruiting young perpetrators online to reduce traceability. The post Washington Man Sentenced to 2 Years for Diverting $35M to Failed DeFi Platform appeared first on Cryptonews .
OKX Introduces Social Trading Platform After $25 Billion Valuation
Crypto exchange OKX is rolling out a built-in social network called Orbit inside its trading app, aiming to merge market discussion, community engagement, and real-time trading data. OKX Blends Social Media and Crypto Trading With Orbit Crypto exchange OKX is expanding its platform with a new built-in social network designed to bring market conversations directly
OmniPact Secures $50 Million to Advance Trust Infrastructure
New York, United States, March 7th, 2026, Chainwire OmniPact, a decentralized protocol building a trust layer for peer-to-peer transactions of physical and digital assets, announced today it has raised $50 million in a private funding round. The investment will speed up the development of its mainnet, integration of cross-chain features, and deployment of its decentralized arbitration module. The funding round was backed by a consortium of institutional investors and family offices that requested anonymity. Investors voiced confidence in OmniPact’s technical roadmap and its ability to set new standards for secure, intermediary-free transactions across Web4 and traditional commerce. A significant share of the proceeds will fund the final development and security audits of OmniPact’s core contracts and multi-chain infrastructure. The funds will also support the protocol’s testnet launch, scheduled for Q1 2026, and expand the engineering team to accelerate the integration of real-world asset (RWA) and AI agent transaction capabilities. “The funding validates our thesis that the future of commerce requires a neutral, transparent, and trustless foundation,” said Alex Johnson, Co-founder and CEO of OmniPact. “Our infrastructure eliminates intermediaries entirely, returning power to users. This investors’ confidence lets us execute our roadmap and bring secure, decentralized custody to a global audience.” OmniPact protocol addresses the “trust problem” in peer-to-peer transactions by using smart contracts as on-chain guarantors. Combining algorithmic custody with decentralized arbitration and reputation systems, it enables secure exchanges without centralized platforms—with the new funding set to bring this vision to market. About OmniPact OmniPact is a decentralized protocol founded in 2024 with the mission to create a neutral, transparent, and trustless foundation for peer-to-peer commerce. By leveraging smart contracts as on-chain guarantors, OmniPact enables secure transactions of physical and digital assets without intermediaries. The protocol combines algorithmic custody, decentralized arbitration, and reputation systems to solve the “trust problem” in both Web4 and traditional commerce. With a focus on cross-chain interoperability and real-world asset integration, OmniPact is committed to returning control and security to users worldwide. For more information, visit [www.omnipact.io]. Contact OmniPact Secures $50 Million to Advance Trust Infrastructure Alex Johnson OmniPact omni@omnipact.io
XRP Domino Theory Activated: Crypto CEO Explains How Global Oil Shock Could Trigger XRP Surge
A theory linking geopolitical tensions, energy markets, and global liquidity is gaining attention in the XRP community amid the war in the Middle East. According to Jake Claver, CEO of Digital Ascension Group, a chain reaction of economic events he calls the “XRP Domino Theory” could ultimately position XRP as a key liquidity asset during a global financial repricing. Visit Website
OmniPact Secures $50 Million to Advance Trust Infrastructure
New York, United States, March 7th, 2026, Chainwire OmniPact, a decentralized protocol building a trust layer for peer-to-peer transactions of physical and digital assets, announced today it has raised $50 million in a private funding round. The investment will speed up the development of its mainnet, integration of cross-chain features, and deployment of its decentralized arbitration module. The funding round was backed by a consortium of institutional investors and family offices that requested anonymity. Investors voiced confidence in OmniPact’s technical roadmap and its ability to set new standards for secure, intermediary-free transactions across Web4 and traditional commerce. A significant share of the proceeds will fund the final development and security audits of OmniPact’s core contracts and multi-chain infrastructure. The funds will also support the protocol’s testnet launch, scheduled for Q1 2026, and expand the engineering team to accelerate the integration of real-world asset (RWA) and AI agent transaction capabilities. “The funding validates our thesis that the future of commerce requires a neutral, transparent, and trustless foundation,” said Alex Johnson, Co-founder and CEO of OmniPact. “Our infrastructure eliminates intermediaries entirely, returning power to users. This investors’ confidence lets us execute our roadmap and bring secure, decentralized custody to a global audience.” OmniPact protocol addresses the “trust problem” in peer-to-peer transactions by using smart contracts as on-chain guarantors. Combining algorithmic custody with decentralized arbitration and reputation systems, it enables secure exchanges without centralized platforms—with the new funding set to bring this vision to market. About OmniPact OmniPact is a decentralized protocol founded in 2024 with the mission to create a neutral, transparent, and trustless foundation for peer-to-peer commerce. By leveraging smart contracts as on-chain guarantors, OmniPact enables secure transactions of physical and digital assets without intermediaries. The protocol combines algorithmic custody, decentralized arbitration, and reputation systems to solve the “trust problem” in both Web4 and traditional commerce. With a focus on cross-chain interoperability and real-world asset integration, OmniPact is committed to returning control and security to users worldwide. For more information, visit [www.omnipact.io]. ContactOmniPact Secures $50 Million to Advance Trust InfrastructureAlex JohnsonOmniPactomni@omnipact.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
OmniPact Secures $50 Million to Advance Trust Infrastructure
New York, United States, March 7th, 2026, Chainwire OmniPact, a decentralized protocol building a trust layer for peer-to-peer transactions of physical and digital assets, announced today it has raised $50 million in a private funding round. The investment will speed up the development of its mainnet, integration of cross-chain features, and deployment of its decentralized arbitration module. The funding round was backed by a consortium of institutional investors and family offices that requested anonymity. Investors voiced confidence in OmniPact’s technical roadmap and its ability to set new standards for secure, intermediary-free transactions across Web4 and traditional commerce. A significant share of the proceeds will fund the final development and security audits of OmniPact’s core contracts and multi-chain infrastructure. The funds will also support the protocol’s testnet launch, scheduled for Q1 2026, and expand the engineering team to accelerate the integration of real-world asset (RWA) and AI agent transaction capabilities. “The funding validates our thesis that the future of commerce requires a neutral, transparent, and trustless foundation,” said Alex Johnson, Co-founder and CEO of OmniPact. “Our infrastructure eliminates intermediaries entirely, returning power to users. This investors’ confidence lets us execute our roadmap and bring secure, decentralized custody to a global audience.” OmniPact protocol addresses the “trust problem” in peer-to-peer transactions by using smart contracts as on-chain guarantors. Combining algorithmic custody with decentralized arbitration and reputation systems, it enables secure exchanges without centralized platforms—with the new funding set to bring this vision to market. About OmniPact OmniPact is a decentralized protocol founded in 2024 with the mission to create a neutral, transparent, and trustless foundation for peer-to-peer commerce. By leveraging smart contracts as on-chain guarantors, OmniPact enables secure transactions of physical and digital assets without intermediaries. The protocol combines algorithmic custody, decentralized arbitration, and reputation systems to solve the “trust problem” in both Web4 and traditional commerce. With a focus on cross-chain interoperability and real-world asset integration, OmniPact is committed to returning control and security to users worldwide. For more information, visit [www.omnipact.io]. ContactOmniPact Secures $50 Million to Advance Trust InfrastructureAlex JohnsonOmniPactomni@omnipact.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
“If I Put $100 in XRP, I’d Have $450M Now,” Here’s Why It Won’t Be So Straightforward
A discussion within the XRP community highlighted how difficult it can be for investors to hold crypto assets long enough to achieve massive gains. Following the successes of XRP and other crypto assets, investors have persistently expressed regret over ignoring these tokens when they were in their infancy. Visit Website