Everything web3, crypto, defi, degen
In brief Bitcoin’s mining difficulty has risen almost 30% since the start of the year to a new all-time high of 142.3 trillion. Rising mining difficulty indicates that mining is becoming more computationally intensive. The difficulty increase can be offset by improved efficiencies in new generations of mining equipment, as well as sustained price highs.…
In brief Mainnet activation is set for December 3, with testnets starting in October. Recent testing suggested raising blob capacity in phases. Further tests will confirm those numbers before rollout. Ethereum developers have set Dec. 3, 2025, as the mainnet activation date for the Fusaka upgrade, nudging forward a timeline that had been expected to…
In brief Bank of Canada Deputy Governor Ron Morrow called for federal stablecoin regulation while highlighting Canada’s lagging payments modernization compared to the U.S. and UK. Canadian remittance costs are “significantly higher” than other developed nations, creating opportunities for stablecoin adoption to reduce cross-border payment fees. Stablecoins could cut remittance fees to “less than 1…
In brief Kevin Durant has regained access to his Coinbase account, the exchange confirmed. Durant’s agent told a conference audience earlier this week that the star forward couldn’t find his account information. Durant first bought Bitcoin in 2016 when it was trading at about $600. NBA mega star Kevin Durant has regained access to his…
In brief Nvidia invested $5 billion in Intel and agreed to co-develop custom chips for PCs and data centers. Jensen Huang framed the deal as coupling Nvidia’s accelerated computing with Intel’s x86 platforms. The move followed reports that China banned local tech firms from buying Nvidia AI chips. Nvidia announced Thursday it would invest $5…
In brief U.S. spot Bitcoin ETFs ended a seven-day streak of inflows as Wednesday saw $51.3 million in net outflows. BlackRock’s iShares fund added $150 million while Fidelity and Grayscale posted steep redemptions. Bitcoin ticked up slightly to $117,800 after the Fed cut rates by 0.25 percentage points. Spot Bitcoin ETFs ended a seven-day streak…
In brief Ethereum founder Vitalik Buterin has defended the network’s long exit times for unstaking ETH. Exit times for unstaking ETH now exceed 40 days and have drawn criticism from within the crypto industry. Buterin argued that friction in unstaking is necessary to maintain Ethereum’s security. Ethereum co-founder Vitalik Buterin has defended the network’s long…
In brief Digital asset custodian BDACS has launched KRW1, South Korea’s first fully regulated won-backed stablecoin, through a partnership with Woori Bank. Each token maintains full collateralization with Korean won held in Woori Bank escrow, according to BDACS. The launch comes amid competing parliamentary bills that debate interest payments and capital requirements for stablecoin issuers.…
In brief A federal jury found Braden John Karony guilty of securities fraud, wire fraud, and money laundering in May. The FBI has opened a victim questionnaire to identify SafeMoon investors who may qualify for restitution and services. Observers say enforcement is catching up with DeFi, though restitution remains difficult in decentralized markets. A federal…
In brief The Federal Reserve had kept interest rates unchanged since last December. U.S. President Donald Trump has been hammering the Fed to cut rates. Crypto and other assets typically benefit from rate cuts that increase financial liquidity. The U.S. central bank, as widely expected, cut the federal funds rate by 0.25% Wednesday, amid recent…
