Everything web3, crypto, defi, degen
In brief OKX completed a burn of $26 billion worth of OKB tokens on Ethereum on Friday. The burn is part of a supply restructuring that reduces the overall token supply to just 21 million, like Bitcoin. OKB is up nearly 100% on the week and is the biggest gainer among the top 100 crypto…
In brief Illegal crypto miners in Tajikistan caused $3.52 million in damages in the first half of 2025, the country’s Attorney General said. Authorities in Kazakhstan recently cracked down on crypto miners using illegally sourced energy, pointing to a growing problem in Central Asia. Experts told Decrypt that Central Asia’s combination of cheap costs and…
In brief Strategy compared its P/E ratio to S&P 500 firms last month. That “deceptively” implied that its revenue is recurring, Andy Constan said. Strategy faces class action lawsuits over allegedly false and misleading statements. Strategy, formerly MicroStrategy, misrepresented its business to investors when measuring itself against S&P 500 firms last month, according to Damped…
In brief Experts generally agree that favorable regulatory shifts in the United States and massive buy-ups of Ethereum on Wall Street have enabled ETH’s current, ongoing streak. Some analysts contend these factors are so bullish for Ethereum, that the token will continue to surge through the end of the year, potentially beyond $7,000. Others caution,…
In brief JPMorgan analysts said Ethereum offers exposure to the stablecoin boom. Growth in stablecoins is outpacing the crypto market itself, they wrote. Not long ago, analysts questioned the value of Layer-2 networks. Ethereum’s recent outperformance could continue as Wall Street begins issuing massive amounts of stablecoins within its ecosystem, JPMorgan signaled in a Thursday…
In brief In 2023 Lõhmus told Estonia’s public radio he lost access and would consider credible recovery help. On-chain records show only dust transfers, with no outgoing ETH from the labeled wallet. There have been many other cases of lost crypto wallet passwords or keys. Two years ago, Estonian banker Rain Lõhmus told Estonia’s public…
In brief Spot Ethereum ETFs have attracted $2.3 billion in the U.S. this month, equating to roughly 500,000 ETH. The network has issued 450,000 ETH since the “merge” took place in 2022. Ethereum treasury firms have bought lots of ETH recently, but ETFs are still a larger source of demand, according to Standard Chartered. Spot…
In brief Standard Chartered has massively raised its Ethereum forecast to $7,500 by 2025, $12,000 in 2026, $18,000 in 2027, and $25,000 in 2028 and 2029, up from just $4,000 for 2025 in March. The bank points to heavy institutional buying, the GENIUS Act’s boost for stablecoins, etc, as key growth drivers. ETH is trading…
In brief Coinbase’s “Everything Is Fine” ad was rejected by UK TV clearance body Clearcast for lacking evidence that crypto solves economic problems, but wasn’t actually “banned” as CEO Brian Armstrong claimed. The ad is now running on Channel 4’s YouTube channels, exploiting looser online advertising regulations compared to traditional TV broadcast standards. Politicians are…
In brief Almost 8% of Ethereum’s total supply is now taken up by ETH ETFs and strategic reserves, up from 3% at the start of April. Ethereum ETFs account for over 5% of the circulating supply of ETH. Firms that missed the Bitcoin treasury moment are “jumping on Ethereum and other altcoins,” analysts told Decrypt.…
