The new platform, planned to debut by July, will use tools from tZERO and integrate with blockchain firm Figure to offer services such as mortgages and renovation loans.

Ether's plunging price stands in stark contrast to surging blockchain activity, marking a contrast to prior bear markets, company Chairman Tom Lee said.

Nomura CEO Hiroyuki Moriuchi said that the company introduced stricter position management to reduce risk exposure and limit earnings fluctuations from crypto market swings.

Justin Sun plans to add between $50 million and $100 million worth of bitcoin (BTC) to the blockchain's holdings, the Tron founder told CoinDesk.

Holders with large troves of unreported crypto held offshore are rightly getting nervous about new and invasive tax-reporting regimes.