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Crypto

Restaking raises risk rather than creating value

Restaking is attracting attention in decentralised finance as a new revenue model, but it increases risk more than returns, Cointelegraph reported on Jan. 23. It said restaking reuses already staked assets for additional rewards but functions as leverage rather than efficiency, with the same ether serving as duplicated collateral across protocols. Governance failures or slashing can cascade upward and erase collateral, it said.

Crypto

Decentralized social network Farcaster to return entire $180 million investment

Decentralized social network Farcaster will continue operating after being acquired by Neynar and plans to return $180 million in investment funding, Cointelegraph reported. Co-founder Dan Romero said the project is not ending and will move in a developer-focused direction with Neynar’s support. Farcaster enables users to own their identities and connections on-chain and had 250,000 monthly active users as of December. Some team members will move to new projects.

Crypto

Revolut drops plan to buy U.S. bank, seeks licence directly

Crypto-friendly British fintech unicorn Revolut has dropped plans to acquire a U.S. bank and will instead apply directly for a banking licence through the Office of the Comptroller of the Currency, Cointelegraph reported on Thursday, citing the Financial Times. Revolut had unveiled a strategy in September 2025 to buy a U.S. bank to accelerate global expansion but shifted to pursuing its own licence. Sources said it would be faster and avoid branch obligations.