The cryptocurrency sector sees strategic moves with veteran appointments and capital raises. Blockchain.com bolstered its board with former KPMG CEO Timothy Flynn as it eyes a potential IPO. Crypto startup Legion is reviving initial coin offerings (ICOs) with a $5 million seed round aiming to reduce scam risks. Additionally, SkyBridge Capital plans to tokenize $300 million on Avalanche blockchain, following increased interest in real-world asset tokenization. Tether made headlines by hiring Trump’s former crypto official Bo Hines, strengthening regulatory ties amidst rising competition in stablecoin markets.
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