Everything web3, crypto, defi, degen
In brief The physical hat worn in the cute image associated with Solana meme coin Dogwifhat sold for $792,696 on Thursday night. It was won by Finn, the founder and CEO of rising token launchpad Bags, who says he will give it “back to the community.” Finn claims to have used the fees associated with…
In brief Altcoins surged across the board Friday as major tokens, including XRP, XLM, and LINK, posted double-digit gains. Analysts called the rally a “rapid change in sentiment” driven by the removal of regulatory uncertainty, with XRP’s 10% jump leading broader crypto optimism. With the appeal dismissed and Trump’s crypto-friendly policies taking effect, traders are…
In brief Large XRP holders have been sending funds to exchanges at an increased rate, according to CryptoQuant data. That could lead to an inflection point for prices, according to CryptoQuant Head of Research Julio Moreno. XRP’s price fell after whale inflows spiked in July. XRP’s price could face short-term pressure as the asset’s largest…
In brief Adult film brand Fake Taxi is behind one of the top creator coins on Zora. The brand promises exclusive perks for top holders and a long-term vision for the token. Zora has clawed its way into the token launchpad wars, launching thousands daily alongside Pump.fun and LetsBonk. The taxi rides may be fake,…
In brief ASIC has charged four men in Victoria for allegedly laundering proceeds from a fake bond scheme. Victim funds were funneled through Australian accounts and converted into cryptocurrency or sent offshore. The charges come as scams cost Australians hundreds of millions annually. The Australian Securities and Investments Commission (ASIC) has charged four men in…
In brief Spot Bitcoin ETFs saw inflows of $91.6 million on Wednesday. Analysts suggested that expectations of a rate cut are the main driver of recent ETF inflows. The short-term outlook remains steady, but experts exercise caution. Bitcoin ETFs ended a four-day streak of outflows Wednesday, pulling in $91.6 million according to data from Farside…
In brief Carlos Ramirez, known as Whynne online, said in his first interview in 10 years that he is “constantly” being approached with offerings of token supply for Trollface-related meme coins. The Troll meme coin has skyrocketed more than 1,050% in value over the past two weeks. It is now the 32nd largest meme coin…
In brief Ethereum daily transactions reached 1.87 million, approaching the all-time high of 1.96 million set in January 2024. The surge has been driven primarily by increased activity from stablecoins USDC, Tether, and decentralized exchange Uniswap. Market analysts attribute the surge to regulatory developments like the GENIUS Act passage, multiple ETF approvals bringing traditional market…
In brief Ripple does not control XRP Ledger, the digital payments company’s CTO David Schwartz said. Censoring transactions would open Ripple up to “pressure” he said. Ripple runs “something like 1%” of XRP Ledger, Schwartz added. XRP Ledger’s codebase does not possess some secret back door that would allow Ripple to single-handedly control the network,…
In brief Meta removed over 6.8 million WhatsApp accounts linked to “pig butchering” cryptocurrency scams operated by organized crime syndicates in Southeast Asia this year. The company is introducing new safety features, including alerts when users are added to groups by unknown contacts, to help identify suspicious activity. Despite enforcement efforts, critics argue Meta lacks…
