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While most people associate diamonds with luxury, Jack Du Rose saw it as the beginning of a much deeper transformation. He was once known as a designer of intricately detailed luxury jewelry and unique collections—including “Danger,” a series of jewelry inspired by the world’s deadliest animals. But who would have thought that the man who once collaborated with Damien Hirst on a diamond-encrusted skull project would now be a major figure in the global crypto industry. Jack didn’t jump into blockchain because it was a trend. Instead, his move came from his boredom with managing a global supply chain in the jewelry business that he found complicated, inefficient, and overly reliant on old hierarchies. It was at this point that his desire to create a more equitable and open system of collaboration began to grow. Around 2017, Jack began to immerse himself in the world of Ethereum and the concept of DAOs—decentralized autonomous organizations. To the uninitiated, DAOs may sound like a confusing technical term. But for Jack, it was a way out of the rigid organizational structures that had been holding back many potential projects. He then founded Colony, a DAO platform designed to help teams, communities, and even altcoin startups work together without having to abide by traditional management structures. With a contribution-based reputation system, Colony allows people from all over the world to get involved in projects they care about and be rewarded based on real results, not titles or positions. Furthermore, Colony also opens up funding opportunities that were previously difficult for small projects to access. Startups can immediately prove their ideas are viable through community contributions and get funding without having to go through the VC door that is sometimes only open to those who “have connections.” Talking to Jack Du Rose is like a light philosophical discussion about the “future of work.” He believes that hierarchy is not the only way to organize people in large projects. On the other hand, he also doesn’t believe in a completely free system. He believes that the key is in balance—where real contributions are rewarded. In his various writings on the Colony blog and interviews, Jack often discusses how the world of work could change drastically if we stopped thinking vertically. He even mentioned that DAOs , if implemented correctly, could be the “office of the future” that would allow global teams to work without being tied to a traditional location or working hours. Just imagine: you live in New York, join a project that is being worked on by developers in Berlin and designers in Lagos, and everyone gets rewarded for their contributions. That’s the world Jack wants to build with Colony. Although Colony was originally built on Ethereum, Jack and his team didn’t stop there. They saw the problem of transaction fees and began to move to networks like Arbitrum that were cheaper and faster. This move was not just a technical one but also a strategy to get more people on their platform without being hampered by gas fees that are a headache. However, this change was not made in a hurry. Jack maintained Colony’s original values: open collaboration, transparency, and individual empowerment. He believes that in the future, crypto projects will be judged not only by the technology they use but also by how they give everyone the space to contribute. Now, while no longer literally covered in diamonds, Jack seems to have found something far more valuable—the trust and contributions of a global community that chooses to work independently. And if you think about it, isn’t that a lot more glittering than mere jewelry?

Terraform Labs, the company behind the failed TerraUSD (UST) stablecoin and Luna (LUNA) token, has announced the launch of a Crypto Loss Claims Portal to help creditors recover losses from the 2022 Terra ecosystem collapse. The portal, managed by Kroll Restructuring Administration, is set to go live on March 31 and will remain open until April 30, 2025, at 11:59 p.m. Eastern Time. Affected creditors must act within the specified timeframe to ensure their claims are considered in the bankruptcy proceedings. Failure to submit claims before the deadline may result in forfeiture of potential recoveries. To support their claims, applicants must provide proof of their holdings and losses. The verification process includes on-chain verification for assets on supported networks through a free transaction check, while assets on unsupported networks require manual submission of transaction logs, account statements, or a read-only API key. Once a claim is submitted, an initial determination or review notice will be issued within 90 days, and approved creditors will receive pro-rata payouts. However, some assets, such as Luna 2.0 in Terra 2.0 and cryptocurrencies with an on-chain volume under $100, will not be considered eligible. The Terra ecosystem collapsed in May 2022 when UST lost its peg to the US dollar, initially dropping to $0.98 before plummeting further, triggering a $40 billion market wipeout. In an effort to restore stability, Terraform Labs minted large amounts of LUNA, but this failed to stop the downward spiral. Reports later revealed that Terraform Labs and its founder, Do Kwon, secretly coordinated with a third party to purchase large amounts of UST in an attempt to prop up its price. As previously reported by Crypto News Flash , the U.S. Securities and Exchange Commission (SEC) later accused Terraform Labs of misrepresenting UST’s stability in federal court. Additionally, Terraform co-founder Do Kwon was ordered to pay $110 million as part of a settlement agreement, along with an additional $14.3 million in prejudgment interest. By January 2024, Terraform Labs filed for Chapter 11 bankruptcy in the U.S., reporting assets and liabilities between $100 million and $500 million. By September 2024, the company secured court approval to wind down its operations following a $4.47 billion settlement with the SEC. As part of the settlement, the SEC agreed to collect its settlement amount only after Terraform compensates crypto loss claims, ensuring that affected investors receive priority in recovering their funds before regulatory penalties are enforced. At press time, LUNC is trading at $0.00006265, reflecting a 5.77% decline in the last 24 hours but a 2.93% gain over the past week. Additionally, its trading volume has dropped by 25.29%, currently standing at $11.9 million.

Wasabi Protocol has added Berachain to its platform, allowing cryptocurrency fans to trade and earn directly on the network. With this integration, Berachain’s native assets, such as BERA and HONEY, can now be accessed via vaults with yields of up to 300%. Surprising enough? Sure. But what’s more interesting is that the rewards are given in the form of BGT, and all can be done without fees and without a lock-in period. 🟢 Wasabi x @berachain 🐻 The Beras have arrived on Wasabi. You can now trade and earn on your Berachain assets seamlessly onchain. $BERA and $HONEY vaults are now live, earning up to 300% yield with $BGT rewards. Unlock instant yield and Wasabi Points without fees, lock-ups,… pic.twitter.com/ywgiX98d5Q — Wasabi Protocol 🟢 (@wasabi_protocol) March 27, 2025 If you previously thought that staking had to wait a long time, Wasabi actually offers instant yields. No need to wait for weeks, no false promises. Just store your assets in the vault, and you can immediately enjoy the results. In addition, users will also get Wasabi Points that can be utilized in the ecosystem. On the other hand, CNF previously reported that Berachain had launched a consensus mechanism called Proof-of-Liquidity (PoL). This system allows the distribution of rewards through a special feature called reward vaults. The launch of PoL immediately impacted the price of the BERA token, which rose 14% at the time, making it one of the top 100 cryptos by market cap. Quite a rise, especially for a project that is still building its technological foothold. Furthermore, on March 28, 2025, Bitcoin Suisse, one of the old and leading names in the digital asset industry, announced that they were adding Berachain (BERA) and RedStone (RED) to their trading and custody services. This gives their clients wider access to the two assets. If an institution like Bitcoin Suisse dares to put their trust in it, there must be something quite strong behind this project. Wasabi and Bitcoin Suisse are not the only ones welcoming Berachain. CNF also reported that Orderly has integrated with Berachain. What was the result? Orderly-based DEXs can now offer cross-chain order books and higher liquidity thanks to Berachain’s PoL mechanism. For those who are often annoyed with thin liquidity like iced tea in the canteen which is mostly iced, this could be good news. Denser liquidity means transactions can be faster and prices are more stable. When this article was written, the price of the Berachain (BERA) token was at $7.92, with a 24-hour trading volume reaching around $261 million. This figure shows that enthusiasm for this token is quite high, especially after various important collaboration and integration announcements recently. However, as with the crypto world in general, fluctuations are part of the game. The price of BERA had touched an intraday high of $8.95 and a low of $7.80.

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