Sei Foundation, the organization supporting the Layer-1 blockchain Sei, has revealed a new US non-profit, Sei Development Foundation, establishing its headquarters in New York. The post Sei Establishes US Non-Profit Foundation, Opens New York Office appeared first on Cryptonews.

The New York-based Sei Development Foundation will support the growth of the Sei protocol and advance crypto innovation in the U.S.

Sei Foundation revealed its plans to acquire 23andMe on a mission to protect the genetic data of millions of US users. 23andMe raised concerns across the US after announcing its bankruptcy.

Curve DAO (CRV), Bonk (BONK) and Pyth Network (PYTH) were among top losers as the cryptocurrency market witnessed sharp volatility on Friday, March 28. The altcoins saw sharp declines as Bitcoin (BTC) fell below $84k amid CME gap trades. Cryptocurrencies were also tracking downside action amid broader jitters across the risk assets market.

Sei Blockchain, the layer-1 chain in a significant bet towards the developing concept of decentralised science, has announced the acquisition of 23andMe after the latter filed for the Chapter-11 Bankruptcy. The California-based genetic testing and biotech company, 23andMe, has been offering DNA testing via saliva samples for millions of Americans since 2007.

TL;DR Sei Foundation is considering acquiring 23andMe after its bankruptcy filing, aiming to protect the genetic data of millions of users using blockchain technology. The proposal empowers individuals by giving them full control over how their genetic information is stored, shared, and monetized.

The Sei Foundation, the nonprofit behind the Sei (SEI) layer-1 blockchain, is considering acquiring bankrupt personal genomics giant 23andMe. The goal? To bring the genetic data of 15 million users onto blockchain rails, ensuring privacy, ownership, and control in what its calling its boldest DeSci bet yet.

The Sei Foundation is exploring the acquisition of 23andMe, a bankrupt genetic testing company, with plans to bring its data infrastructure onto the Sei blockchain. In a statement released on March 27, the Foundation revealed that the acquisition would mark a significant step toward protecting genetic data through on-chain solutions.

Sei Foundation revealed plans to acquire genetic testing firm 23andMe, which filed for bankruptcy early this week. The potential deal aims to revolutionise genetic data security and privacy using blockchain, guaranteeing user authority over sensitive details. The company said: We believe user data sovereignty is a matter of national security.

After 23andMe declared bankruptcy in the United States on March 23, 2024, the Sei Foundation, linked to the Sei blockchain network, announced its intention to consider acquiring the genetic testing company. The goal would be to protect the privacy of the genetic data of about 15 million users, offering them ownership and direct control of the information through secure and encrypted blockchain tools. The project, announced in a post published on March 27 on the official X account of the Sei network, aims to address an issue of growing importance: the security of bio-genetic data in the digital age, especially in contexts of financial instability like the current one of the American biotech company.

Sei Foundation considers acquiring bankrupt genomics firm 23andMe, saying it wants to protect the genetic privacy of 15m Americans by securing their data on blockchain. The post Sei Foundation Eyes 23andMe Buyout to Secure Genetic Data On Blockchain appeared first on Cryptonews.

The foundation behind the layer-1 blockchain, Sei, announced it was exploring the acquisition of the genetic testing company 23andMe after the firm filed for bankruptcy.In a March 27 X post, the Sei network said its foundation was considering purchasing 23andMe “to defend the genetic privacy of 15 million Americans” by putting the company's data on the blockchain. According to the foundation, if it acquires the biotechnology company, it plans to deploy all the genetic information on the blockchain and “return data ownership to users through encrypted, confidential transfers.

23andMe, the genetic testing company that went public in 2021, announced on March 23 that it was filing for Chapter 11 bankruptcy.

If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.

This unexpected boost has industry watchers speculating about the next potential breakout. Could XYZ be on the brink of a similar rise?

Sei's price has been in a strong downward trend over the past few months, but technical and fundamental indicators suggest that a rebound may be possible. Sei (SEI), a layer-1 token, dropped to a low of $0.

US President Donald Trump's World Liberty Financial has purchased 541,242 SEI tokens for 100,000 USDC.

SEI cryptocurrency price jumped 7.3% after Donald Trump's DeFi venture World Liberty Financial purchased 541,242 tokens for $100,000

Donald Trump's DeFi project World Liberty Financial continues fresh crypto, acquiring another 541,242 SEI coins. This news was enough to push the SEI price up by 7.3% while the broader crypto market consolidates.

Sei's Giga upgrade introduces the Autobahn consensus mechanism, promising rapid transaction finality and robust infrastructure for global markets. Explore its potential impact on traditional asset tokenization.

Pyth Network partners with Coinbase International Exchange to enhance asset pricing through "Pyth Lazer," delivering institutional-grade reliability and real-time updates with speeds as fast as one millisecond. The post Pyth Network Partners with Coinbase to Enhance Asset Pricing appeared first on Cryptonews.

The SEI network marks a significant rise in DEX volume to hit a record volume of $65 billion. However, it fails to reflect demand to drive the SEI market price higher. Will the altcoin manage a breakout rally amid rising DEX volumes?

Following a bearish patch for weeks, SEI is positioning itself as a high potential altcoin to lead the market reversal. With a potential breakout rally ahead, is SEI the best token to buy right now?

Sei (SEI) is recognized as the first sector-specific Layer 1 blockchain, designed specifically to enhance the performance of decentralized exchanges (DEXes) within the blockchain ecosystem. Sei's main focus is optimizing trading processes, offering exchanges a competitive edge by meeting the high demands of DEXes and also supporting asset trading and NFTs.

After Donald Trump's World Liberty Financial took a strategic position in SEI worth $125K, the DeFi token has been on a bounce back. Aiming for the $0.30 resistance, will the SEI price continue to rise towards $0.50?

PYTH token has soared 10% in the past week amid the debut of the Grayscale Pyth Trust, an investment product focused on PYTH price.

Story Highlights The SEI live Price is . Sei price could reach a high of $1.12 in 2025. The Sei coin price with a potential surge, could hit $4.17 by 2030. Recognized as the first sector-specific Layer 1 (L1) blockchain, Sei represents a pioneering approach within the blockchain ecosystem.

The cryptocurrency token SEI has actually stood out as a noteworthy example of market endurance, which was further confirmed by this token posting a solid 16% within the previous week. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What's Next For DOGE?

Sei (SEI) has garnered attention as the first sector-specific Layer 1 blockchain, designed to optimize decentralized exchanges (DEXes) and provide faster trading experiences. Sei's innovation has positioned it as a prominent player in the blockchain ecosystem, offering better trading processes and increased performance for DEXes.

Kaito's YAP system incentivizes crypto discussions on social media, creating a buzz around its 'tweet-to-earn' mechanism.

Sei Labs achieves a significant milestone with 5 gigagas throughput on a 40-node network, leveraging the Autobahn consensus protocol to enhance blockchain scalability.

Cryptocurrency prices had a mixed performance this week as investors focused on the recent Federal Reserve minutes and the ongoing Bitcoin consolidation. BTC price remained below $100,000, while the crypto fear and greed index moved to the fear zone. Still, there were some standout coins like Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).

United States President Donald Trump's World Liberty Financial announced another round of investments this week to further build its crypto portfolio.

SEI is showing strong bullish momentum, bolstered by institutional support and market activity.

Donald Trump's World Liberty Financial has taken another bullish step in the DeFi sector with the fresh purchase of SEI. With the rising support from WLFI towards DeFi, the crypto whales are lining up to gather WLFI tokens. As the sentiments improve, is this the beginning of the next bullish domino effect?

World Liberty Fi acquired a small position of Ethereum-based SEI. WLFI tokens are still selling to retail, though occasional whales make $10M investments.

World Liberty Financial withdrew $10 million USDC from Coinbase to buy 200 million WLFI tokens and spent another $125,000 USDC to purchase 547,990 SEI at an average price of $0.228. The transaction which took place on Feb.

Grayscale, a major player in the asset management space, has launched a new fund aimed at providing exposure to an emerging altcoin.

Pyth Network: the new blockchain ecosystem.

Grayscale Investments has introduced the Grayscale Pyth Trust, a new investment vehicle offering accredited investors exposure to PYTH, the governance token of the Pyth oracle network. Pyth delivers real-time price feeds essential for decentralized applications (dApps), particularly within the Solana ecosystem, where it powers 95% of protocols.

Grayscale Investments has introduced the Grayscale Pyth Trust, allowing investors to gain exposure to the PYTH governance token while avoiding the technical challenges of direct cryptocurrency ownership.

The fund claims to offer “higher-beta” exposure to the growth of the Solana ecosystem as Grayscale continues to expand its suite of single-asset crypto funds.

Grayscale is adding to its offerings, debuting a Pyth Trust as demand for crypto-focused investment products surges.

Grayscale's Pyth Trust launch could accelerate institutional crypto adoption, offering a regulated pathway to emerging digital asset investments. The post Grayscale launches Pyth Trust for US accredited investors appeared first on Crypto Briefing.

Crypto-focused asset manager Grayscale has announced the creation and launch of the Grayscale Pyth Trust. Pyth Trust is a single-asset crypto investment fund designed to offer exposure to Pyth Network (PYTH), the native governance token of the oracle network's ecosystem.

The Grayscale Pyth Trust offers accredited investors exposure to PYTH, the governance token behind Solana's leading oracle network.

Crypto asset management firm Grayscale Investments has announced the launch of a new investible asset on Tuesday. The new Grayscale Pyth Trust will offer accredited investors exposure to PYTH, the governance token of the Pyth network.

Sei Network collaborates with Gitcoin to launch a $750K funding round aimed at supporting impactful projects within its ecosystem. The initiative features two tracks to incentivize consumer-facing and infrastructure innovations.