Everything web3, crypto, defi, degen
In brief Coinbase exceeded Q3 expectations with $1.9 billion in revenue, driven by rebounding trading volumes and profitable services including its Ethereum L2 Base. BlackRock’s Bitcoin ETF IBIT saw major outflows of $290.8 million on Thursday as Bitcoin dropped below $110,000, though its cumulative inflows remain strong at $88 billion. REX Shares launched ULTI, a…
In brief Romania’s gambling regulator blacklisted Polymarket in the country. The regulator said it meets the definition of counterparty betting as users put up a stake, and a future event determines the outcome. Of particular concern was expanding volumes on Romanian elections, which have stretched into the millions of dollars. Leading prediction market Polymarket was…
In brief Former president of FTX US, Brett Harrison, told Decrypt that offering leverage up to 1,001x on volatile crypto assets is “irresponsible” and a “major problem.” Proponents of the high-leverage crypto products believe they’re just giving retail users what they want and offering a level playing field. Harrison’s comments come as he is preparing…
In brief Bitcoin has typically performed well during October—dubbed “Uptober” by observers. But this year, the leading cryptocurrency finished the month in the red. Experts told Decrypt that a number of factors influenced the drawback. Despite a roaring start and fresh all-time high early on in October, the expected “Uptober” turned into a real downer…
In brief Elon Musk predicted AI and robotics will replace all jobs and create a “universal high-income” society. He believes future devices will replace phones with AI “edge nodes” and end operating systems and apps. Musk said Tesla’s Roadster may fly, SpaceX is aiming for full rocket reusability, and Starbase is now a city. The…
In brief Pseudonymous crypto influencer The White Whale had his $3 million MEXC account suspended in July, and has been on a social media crusade to get it back ever since. On Friday, MEXC apologized, returned his funds, and promised to make changes to stop it from happening again in the future. However, several other…
In brief Coinbase CEO Brian Armstrong rattled off a handful of words after seeing prediction market on his firm’s earnings call. The stunt, which Armstrong called spontaneous, has drawn mixed reviews from industry observers. Some users praised Armstrong’s antics, while others likened it to market manipulation. Coinbase CEO Brian Armstrong helped some prediction market users…
In brief A federal appeals court affirmed the Fed’s ability to deny crypto bank Custodia a master account. Custodia had argued the Fed had no choice but to award a master account to eligible banks. The Fed said it could deny Custodia an account based on the risk posed by crypto activity. Custodia said it…
In brief The European Central Bank is looking to pilot its digital euro in mid-2027 ahead of a Europe-wide roll out in 2029. It comes after the European Council told the ECB and other participants to “accelerate” the development of the CBDC, to release it as soon as possible. Crypto enthusiasts remain wary of CBDCs,…
In brief California’s Department of Financial Protection and Innovation (DFPI) fined Coinhub $675,000 for violating digital assets law. Of that total, $105,000 is due as restitution to consumers who were overcharged by the ATM operator. This marks the fourth enforcement action from the regulator as it cracks down on crypto ATM operators that it says…
