Everything web3, crypto, defi, degen
In brief An ancient whale moved 306 Bitcoin. When it was first funded, Bitcoin traded around $75. The asset’s latest rally has awoken some long-term holders. A wallet that held more than 300 Bitcoin for over a decade was emptied on Friday as the asset’s price fell to a three-week low, blockchain data shows.The wallet,…
In brief Benchmark analyst Mark Palmer raised MSTR’s price target to $705, based on a projection that Bitcoin will reach $225,000 by end of 2026. Strategy reported $10 billion in Q2 net income from unrealized Bitcoin gains on its $71 billion holdings, with the CEO targeting treasury growth to exceed Microsoft, Google, and Amazon. The…
In brief Japanese investment firm Metaplanet has filed to raise $3.7 billion through preferred shares to fund Bitcoin purchases toward 210,000 BTC goal by 2027. The proposed offering represents 75% of its current market cap and requires shareholder approval on September 1. Metaplanet cautioned that no specific issuance plan exists yet, with Bitcoin trading rangebound…
In brief Built for formal verification, Simplicity avoids recursion, loops, and global state. Simplicity runs on the federated Bitcoin sidechain, Liquid. The project aims to attract institutions with auditable contracts for finance, custody, and asset issuance. Bitcoin infrastructure company, Blockstream, is betting it can do what others have failed to do: bring working smart contracts…
In brief Robinhood CEO Vlad Tenev views tokenization as the future of finance. Robinhood is building its own Ethereum layer-2 scaling network. The firm surpassed analysts’ second-quarter expectations. Robinhood CEO Vlad Tenev referenced tokenization nearly a dozen times during the company’s second-quarter earnings broadcast on Wednesday, highlighting how the once-esoteric term is becoming a cornerstone…
In brief Bitcoin whales holding 10-10,000 BTC accumulated 0.9% of the total supply over four months, including 30,000 BTC over the past 48 hours. Despite whale buying, large-scale profit-taking occurred with one whale offloading $9 billion worth of Bitcoin through Galaxy Digital. Whales are expanding beyond Bitcoin into Ethereum, Solana, and select memecoins while the…
In brief GOAT Network launched a Bitcoin Layer 2 testnet with real-time ZK proofs under 3 seconds. The project aims to enable fast withdrawals and native BTC yield without altcoins or custodians. The system uses decentralized provers to eliminate delays and proof backlogs. GOAT Network launched a public beta Thursday for what it claims is…
In brief The Algerian government has expanded the country’s 2018 Financial Law to ban all crypto-related activities in the country. The extended legislation prohibits crypto trading, ownership and mining, with penalties including fines and jail time. The law goes against the global trend of increasing crypto liberalization, with commentators suggesting that blanket bans are challenging…
In brief Polygon’s consensus layer was knocked offline by a “validator exit.” The Polygon Foundation said it’s working to fully restore affected services. Polygon underwent a “technically complex” upgrade earlier this month. Ethereum scaling solution Polygon was disrupted for over an hour on Wednesday after a validator leaving the network triggered an unexpected bug.In a…
In brief Eros International will release an AI-modified version of its 2013 film Raanjhanaa in Tamil with a new ending, claiming it’s more culturally sensitive for Tamil audiences. Original director Aanand L. Rai strongly opposes the release, arguing it violates artistic consent and sets a troubling precedent for AI use in filmmaking without creator approval.…
