Chris Campbell:

SEI Crypto Just Went Vertical: 31% Surge Leaves Other Altcoins in the Dust

In the unpredictable world of cryptos, it sometimes takes just one catalyst to propel a project into the spotlight. This week, it is Sei (SEI), a still discreet altcoin, that exploded by 47% in 24 hours.

Behind this surge? An unexpected announcement from Wyoming, which plans to rely on the Sei blockchain to launch its state stablecoin. A major turning point that could make Sei one of the crypto revelations of 2025.

But this rise should not be reduced to a simple political spotlight. Sei, as a blockchain optimized for DEXs, has managed to capitalize on remarkable organic growth, driven by the rise of decentralized trading.

Behind today’s peak lies a deeper reality. For two months, activity on the Sei chain has exploded: +180% daily active addresses, +20% transactions. Numbers that speak for themselves and show that interest in this crypto is not limited to a single announcement effect. It is the technical foundations that now support the speculative momentum.

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James Altucher:

$1B Crypto Fund Incoming—Tether Co-Founder & Blackstone Vet Go All In

Tether co-founder Reeve Collins and former Blackstone executive Chinh Chu are launching a $1 billion cryptocurrency fund. The fund will be through M3-Brigade Acquisition V Corp, a special-purpose acquisition company (SPAC) co-sponsored by both.

The goal is to create a publicly listed crypto treasury that holds a mix of digital assets including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). This is a big shift in institutional crypto strategy, going multi-asset over single token exposure.

The plan by Collins and Chu follows a broader trend of institutional interest in digital asset treasuries. The fund structure is similar to recent trends where firms are looking for diversified crypto exposure through regulated financial vehicles.

As the market waits for more details this SPAC led fund may be the start of a new phase of multi-token institutional adoption, going beyond Bitcoin focused strategies to a more diversified digital asset allocation model.

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Ari Goldschmidt:

Musk Confidant Afshar Leaves Tesla in Latest High-Level Exit

Omead Afshar, a powerful executive at Tesla Inc. and one of Elon Musk’s closest confidants, has left the company – the latest high-level departure during a volatile period for the electric vehicle maker.

Afshar, who has worked in the office of the CEO, was promoted last year to oversee sales and manufacturing operations in North America and Europe. Those markets have become particular pain points for the automaker recently, with sales plunging due to rising competition and a consumer backlash to Musk’s role in President Donald Trump’s administration.

This marks the latest departure of a prominent Tesla leader in recent weeks. Milan Kovac, the head of engineering for the company’s Optimus humanoid robot program, stepped down citing a desire to spend more time with his family.

Jenna Ferrua, a human resources director for North America, has also left Tesla and no longer appears to be in the company directory.

The personnel changes punctuate a tumultuous year for Tesla, whose shares have tumbled about 19% while demand has waned for its EV models and Musk has spent time in Washington.

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