Everything web3, crypto, defi, degen
In brief Coinbase is launching an all-in-one financial platform for small and medium businesses to receive crypto, manage assets, and earn up to 4.1% APY on USDC stablecoins. The platform includes instant settlements, QuickBooks and Xero integrations, and self-service onboarding with approval in as little as two days. Coinbase Business competes with fintechs like Mercury…
In brief Ripple has bought corporate treasury management firm GTreasury for $1 billion. It’s Ripple’s third major acquisition this year after buying primer brokerage Hidden Road and stablecoin platform Rail. Ripple CEO Brad Garlinghouse said the deal would reduce friction and costs of “outdated payments systems.” Fintech Ripple announced Thursday that it bought software firm…
In brief Five men aged between 21 and 37 were arrested on Oct. 1 on suspicion of conspiracy to commit fraud. Police say victims may have lost more than a million pounds (£1 million / approx. $1.3 million) through the fake cryptocurrency schemes. The suspects have been bailed pending further enquiries as the investigation continues.…
In brief Philippine Senate Bill 1330, filed by Senator Paolo Benigno “Bam” Aquino IV, seeks to mandate blockchain-based tracking of government spending under an $8.6 million initial appropriation. The push follows public scrutiny over $9.2 billion in infrastructure projects flagged for irregularities. Lawyers told Decrypt the bill risks concentrating control, limiting data contestability, and turning…
In brief The channel was briefly compromised late Wednesday, promoting a Solana-based token. An hour later, the PGL YouTube channel, run by the Romanian esports organizer behind Valve-sanctioned tournaments, was also reportedly hijacked to stream a fake Bitcoin giveaway. Decrypt independently verified screenshots of the compromised Dota 2 channel before the content was removed. The…
Crypto industry observers were baffled Wednesday afternoon when an on-chain transaction showed that Paxos, the issuer behind the PayPal-branded PYUSD stablecoin, minted $300 trillion worth of the tokens on the Ethereum blockchain.A little over 20 minutes later, all 300 trillion PYUSD tokens were “burned,” or effectively destroyed, by sending them to an inaccessible network address.Paxos…
In brief Two MIT-educated brothers went on trial Tuesday for allegedly stealing $25 million in a 12-second Ethereum blockchain exploit. The defense argues there was no crime at all, just strategy in an unregulated market where “economic incentives guide parties’ behavior,” not laws. If convicted of conspiracy, wire fraud, and money laundering charges, Anton and…
In brief Monad unveiled an eligibility checker and early claim portal for its upcoming MON airdrop. The portal will be open until November 3 in which eligible participants can register an early claim on their tokens. Monad is set to rival Ethereum and Solana and raised $225 million in 2024 to build its layer-1 network.…
In brief Tesla CEO Elon Musk praised Bitcoin’s energy-based foundation on Tuesday, suggesting its value comes from the impossibility of faking energy, unlike fiat currency which governments can debase. This marks a shift from 2021 when Musk criticized Bitcoin’s electricity consumption as “insane,” and Tesla stopped accepting BTC payments over environmental concerns. Tesla currently holds…
In brief Ethereum ETFs recorded $428.5 million in outflows on October 13, the largest single-day exodus in five weeks, with BlackRock’s ETHA leading at $310.1 million. The retreat follows a prior week that saw $488 million in net ETH ETF inflows, part of a broader $3.17 billion surge into crypto products. Experts attribute the defensive…
