Everything web3, crypto, defi, degen
In brief The pseudonymous Buzzlamic Jihad has joined Aptos as an advisor, after months of memes he posted on social media helped pump the token in February. Buzz told Decrypt he wants to fix Aptos’ image problem and position it as a premium stablecoin network. He also plans to leverage his long-time relationship with the…
In brief BNB Chain’s X account may be compromised with users urged not click on any links. CZ made the public announcement via his own X account on Wednesday. Phishing remains a prominent attack vector in the crypto industry. The official X account for BNB Chain has been compromised, prompting an urgent alert from Binance…
In brief Phantom designed its own stablecoin—CASH—to underpin its new consumer financial platform Phantom Cash. Phantom Cash will offer unique features like peer-to-peer transactions, a Visa debit card, and rewards on unspent CASH. The wallet provider raised $150 million in January at a $3 billion valuation. Popular Solana crypto wallet Phantom unveiled CASH, a new…
In brief Kentucky Senator Brandon Smith faces two lawsuits over his Bitcoin mining repair company Mohawk Energy, including claims of misrepresentation and breach of contract. Smith, who authored Kentucky’s 2021 crypto mining tax incentive bill, denies all allegations and has filed counterclaims against both plaintiffs. The legal troubles highlight growing pains in the U.S. crypto…
In brief New York Department of Financial Services Superintendent Adrienne Harris is leaving her position in October. Under her tenure, NYDFS became the first American regulatory body to provide guidance on stablecoins. Kaitlin Aslow, who is at the NYDFS now, will take over as superintendent after serving at the Federal Reserve and the Financial Health…
In brief The meme coin trenches have seen a drop in trading volume with the rise of perpetual futures decentralized exchanges, such as Aster. Data shows grass roots meme coins hitting a six-month low, while perp DEXs spike in volume. However, seasoned veterans aren’t too concerned as they believe that meme coins are “cyclical” and…
In brief Telegram founder Pavel Durov said French intelligence sought the removal of opposition channels ahead of Moldova’s 2024 election. His allegations come as Moldova’s pro-European party leads in a new parliamentary vote marked by claims of Russian interference. The dispute underscores rising state pressure on digital privacy platforms, from messaging apps to crypto networks.…
In brief Predictors on Myriad now think Bitcoin will hit $105,000 before $125,000. Odds have flipped more than 20% in the last two days, as BTC continues its weekly slide. The asset now sits only about 4% above the $105,000 mark. The recent weakness in Bitcoin’s price has predictors on Myriad feeling bearish about the…
In brief Strategy Michael Saylor appeared to endorse Bitcoin Knots on X on Wednesday. The CEO of a prominent firm doubts that was Saylor’s intention. Saylor has acknowledged the debate surrounding OP_RETURN elsewhere. When Michael Saylor speaks, Bitcoiners often listen. But on Thursday, they couldn’t seem to agree on whether Strategy’s co-founder and executive chairman…
In brief A Circle executive said the company is considering whether to enable reversible USDC transactions. The move would potentially boost the usefulness of stablecoins by traditional finance players. However, it also goes against the crypto ethos of immutability. Publicly traded stablecoin issuer Circle is exploring the possibility of reversible transactions involving its dollar-backed stablecoin,…
