Nous Research secures $50M from Paradigm to build decentralized AI on Solana

Decentralized AI startup Nous Research has raised $50 million in a Series A round led by crypto venture giant Paradigm, marking one of the largest investments at the intersection of blockchain and artificial intelligence to date.

According to an April 25 report from Fortune, the funding round values Nous at a $1 billion token valuation. Previous investors include Distributed Global, North Island Ventures, and Delphi Digital, who contributed to Nous’s earlier $20 million seed rounds.

Operating since 2022, Nous Research is stepping into the spotlight with the latest fundraising to develop open-source AI models powered by decentralized infrastructure.

The company leverages the Solana blockchain to coordinate and incentivize global participation in training its AI models, aiming to challenge centralized giants like OpenAI and DeepSeek.

Nous Research announcing Nous Psyche on Solana. Source: Nous

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Atkins SEC era sparks massive industry optimism, crypto execs speak out

The crypto industry is bracing for a significant shift in regulatory tone following Paul Atkins’ swearing-in as chair of the US Securities and Exchange Commission on April 21. A former SEC commissioner with deep roots in deregulatory philosophy, Atkins replaces Gary Gensler, whose combative stance toward crypto defined much of the agency’s recent legacy.

In the latest episode of Byte-Sized Insight with Cointelegraph, key industry figures weigh in on the implications of this leadership change and what it might unlock for innovation, investment and clarity for digital assets.

Crypto’s “golden age” continues

Chris Perkins, president of CoinFund, spoke with host Savannah Fortis and described his excitement regarding the new SEC chair, predicting a reduction in regulatory uncertainty under the new administration. 

“We were under this regulatory reign of terror, you know, under the Biden administration,” said Perkins. “Investors in assets, they’re very comfortable taking market risk… but they’re not

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Russian crypto exchanger Mosca raided amid cash-to-crypto ban talks

As the Russian government is considering a ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have experienced police raids.

Mosca, a crypto-to-cash exchange located in the Moscow International Business Center, was raided on April 23 in connection with fraud by one of its customers, Mosca’s development head Dmitry Titarenko confirmed to Cointelegraph.

“Law enforcement agencies have carried out a standard procedure of checking our customer data,” Titarenko told Cointelegraph at the local crypto event Blockchain Forum 2025.

The Mosca office raid followed online reports linking several arrests of some Mosca customers to a crypto robbery involving a victim reportedly giving fraudsters a massive cash deposit worth millions of dollars.

Cash-to-crypto ban to protect investors?

The police raid on Mosca came the next day after Evgeny Masharov, a member of the Russian Civic Chamber, proposed banning crypto exchangers from accepting cash from their customers

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US banks are ‘free to begin supporting Bitcoin’ — Michael Saylor

Bitcoin adoption among United States financial institutions could see a major boost after the US Federal Reserve withdrew its guidance discouraging banks from engaging with cryptocurrency.

On April 24, the Fed withdrew its 2022 supervisory letter that served as guidance to deter banks from engaging in crypto and stablecoin activities. The withdrawal spurred a notable uplift in Bitcoin (BTC) investor sentiment.

The Federal Reserve Board’s withdrawal giving banks guidance on crypto activities. Source: Federal Reserve

The 2022 guidance initially warned that crypto may pose risks to investors and the stability of the US financial system.

The Fed’s move means that “banks are now free to begin supporting Bitcoin,” said Michael Saylor, co-founder of the world’s largest corporate Bitcoin holding firm, Strategy, in an April 25 X post.

Source: Michael Saylor

The Fed’s decision “is a

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Trump memecoin team denies $300K dinner requirement rumors

US President Donald Trump’s memecoin team denied social media rumors that holders of the Official Trump (TRUMP) token need at least $300,000 to participate in an upcoming dinner with the president. 

On April 25, the official X account of the Trump memecoin clarified that there is no $300,000 requirement to join the memecoin project’s dinner event featuring the US president.

The rumor stemmed from community members citing the Solana blockchain explorer showing holders on the token’s contract address. At the time of writing, the explorer shows that the 220th-largest holder has 33,114 TRUMP, worth more than $400,000. However, the memecoin team said the explorer doesn’t reflect their criteria. 

“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are

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Circle executive denies claims of seeking US banking license

An executive at major stablecoin issuer Circle denied recent reports that the company is looking to obtain a US federal bank charter.

In an April 25 X post, Circle’s chief strategy officer and head of global policy, Dante Disparte, denied that the company is interested in obtaining a US federal bank charter or acquiring an insured depository institution.

Instead, he explained that Circle intends to comply with future US regulatory requirements for payment stablecoins, “which may require registering for a federal or state trust charter or other nonbank license.” He also urged lawmakers to reach regulatory clarity for stablecoins sooner rather than later.

Source: Dante Disparte

The statement follows recent reports that major cryptocurrency firms, including stablecoin issuer Circle and crypto custodian BitGo, are reportedly considering applying for bank charters or licenses. Other firms cited as seeking such a license in the same

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China may shift from US Treasurys toward gold, crypto — BlackRock exec

Central banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock’s head of thematics and active ETFs.

In a recent interview with CNBC, Jacobs said that geopolitical tensions and rising global uncertainty are accelerating diversification strategies among central banks.

He pointed to a long-term trend where countries have been reducing their reliance on dollar-based reserves in favor of assets like gold and, increasingly, Bitcoin (BTC).

“This whole diversification away from traditional assets and into things like gold and also crypto […] probably began three, four years ago,” Jacobs explained.

He said that recent geopolitical fragmentation has intensified the push toward alternative stores of value.

Jacobs referenced growing concerns about the freezing of $300 billion in Russian central bank assets following its invasion of Ukraine, suggesting that such

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Blockchain needs regulation, scalability to close AI hiring gap

The emerging blockchain industry lags behind the artificial intelligence sector in terms of job creation, but this hiring gap may narrow by 2030.

Blockchain remains one of the smallest sectors in the tech industry, with about 300,000 global jobs, compared to 1.5 million in AI and machine learning and 25 million in software development, according to a new Bitget Research report shared with Cointelegraph.

The blockchain sector added around 20,000 new jobs in 2024, according to job listings aggregated from platforms like LinkedIn, Web3 Jobs and Crypto Job List.

Total workforce in tech industry. Source: Bitget Research

While blockchain-based jobs had an average compound annual growth rate (CAGR) of 45%, outpacing most traditional tech sectors, it trails the AI industry’s 57% CAGR, according to the report.

The AI industry’s maturity and larger share of venture capital investment are the main reasons behind the hiring discrepancy, Vugar Usi Zade, chief operating officer of Bitget exchange, told

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The sentiment engine of Bitcoin ETFs is rewiring market structure

The tide of capital once destined for raw spot Bitcoin has begun to flow through institutional canals, spot exchange-traded funds (ETFs), structured products and wrapped exposure, and while the water is rising fast, the waves aren’t quite the same. 

Bloomberg’s senior ETF analyst, Eric Balchunas, pointed out on X that there is a large movement in leveraged long ETFs and, at the same time, safer bets like gold and cash. Suppose one had to choose if Bitcoin (BTC) was a risk-on or risk-off asset. In that case, it may come down to how investors interpret its narrative, whether they see it as digital gold or another speculative vehicle.

Bitcoin’s ETF ecosystem has entered a new phase of capital absorption. On April 23, 2025, daily inflows surpassed $912 million, setting a record for

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Polygon CEO: DeFi must ditch hype for sustainable liquidity

Polygon Labs CEO Marc Boiron called for a fundamental shift in how decentralized finance (DeFi) protocols manage liquidity, labeling the sector’s ongoing liquidity crisis as “self-inflicted.”

In an exclusive interview, Boiron outlined Polygon’s vision for sustainable DeFi, emphasizing chain-owned liquidity and transparent economic models as the path forward.

Boiron criticized DeFi protocols for fueling a cycle of “mercenary capital” by offering sky-high annual percentage yields (APYs) through token emissions. “It’s just renting liquidity; it’s not real loyalty,” he told Cointelegraph, noting that such strategies lead to fleeting liquidity that vanishes when yields drop or token prices falter. This reliance on short-term hype, he argued, undermines the sector’s stability and deters institutional adoption.

Chasing DeFi stability over hype

To break that cycle, Boiron urged protocols to prioritize fundamentals over flashy returns. “Sustainable DeFi needs models where liquidity sticks around for the right reasons,” he said, pointing to Polygon’s POL

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