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.

The cryptocurrency market rebounded late on Monday as major cryptocurrencies registered substantial gains. As a result, the crypto market cap is up over 1% and currently sits at $2.69 trillion.

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.

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.

U.S. District Judge James Donato dismissed a class action lawsuit against DFINITY, the crypto company behind Internet Computer (ICO), on Tuesday. The judge found the case “time-barred” under the Securities Exchange Act's three-year statute of repose.

The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.

Story Highlights The live price of the ICP crypto is . Internet Computer price could reach a maximum of $19.5 in 2025. The ICP price may hit a high of $66.89 by 2030.

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.

The crypto market remained flat for most of the day after a brief rally following better-than-expected inflation data quickly lost steam. Bitcoin (BTC) briefly rose above the $84,000 mark after the US CPI Report but fell flat later in the day, dropping below $84,000.

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.

AI coins remain a key narrative in the market, with several projects showing strong momentum despite broader sector correction. Internet Computer (ICP) has struggled over the past month, but its decentralized infrastructure could become very relevant in the AI space.

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?

The crypto market registered a sharp recovery on Sunday after President Donald Trump announced the names of cryptocurrencies to be included in the strategic reserve. As a result, the crypto market cap surged nearly 9% to reclaim the $3 trillion mark and move to its current $3.08 trillion.

The DFINITY Foundation, a major contributor to the Internet Computer (ICP), has launched Version 1.0 of the OISY Wallet, integrated with four major blockchains and managed by a DAO. The post DFINITY Foundation Launches OISY: ‘First Fully-Decentralized Wallet' for Bitcoin, Ethereum, Solana, and ICP appeared first on Cryptonews.

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?

Bitcoin (BTC) is attempting to reclaim $90,000 after a bloodbath at the beginning of the week drove the price to a low of $86,220, as analysts warned of a deeper correction to $80,000. The flagship cryptocurrency is down over 3% in the past 24 hours and is trading around the $88,900 mark.

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?

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.

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.

Bitcoin (BTC) registered a drop late on Monday, falling from $97,000 to $95,243 before rebounding and settling just above $96,000. The flagship cryptocurrency registered another slump during the current session, falling to a low of $95,189 before recovering and moving to its current level.

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.

The Sei Creator Fund's fifth round concluded, distributing over 1 million SEI tokens to video content creators, enhancing community engagement and content quality.

The dynamic realm of cryptocurrencies is preparing for yet another alarming event that could bring considerable downside pressure to BERA, SEI, AVAX, APT, SAND, STRK, ATH, and XCN tokens. Notably, recent market data flags that the abovementioned assets are preparing for massive token unlocks totaling a staggering $325 million.

Bitcoin dipped below $95,000 early in today's trading as a key support level crumpled. The flagship cryptocurrency is struggling to reclaim $96,000 and is currently trading around $95,450.

SEI, has experienced considerable growth and significant volatility since its inception. As of February 2025, SEI is trading at approximately $0.2277, with a market cap of $1 billion and a circulating supply of 4.43 billion tokens.