Everything web3, crypto, defi, degen
In brief PancakeSwap’s Chinese X account was hacked to promote a scam meme coin token. CAKE token’s price remains largely unaffected. Security experts noted weak user security awareness and phishing as key reasons. The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named “Mr.…
In brief S&P Dow Jones Indices, a unit of market data provider S&P Global, is releasing a new index tracking 15 digital assets and 35 crypto-focused companies. Dinari, a provider of tokenized U.S. securities, will also issue a token tracking the index. Crypto-related equities have soared this year amid a market surge. S&P Dow Jones…
In brief BlackRock’s IBIT generates $244.5 million annually, more than any other BlackRock ETF including products launched 25 years ago. The Bitcoin ETF sits at $98.47 billion in assets, approaching the $100 billion milestone in just 435 days versus 2,011 days for Vanguard’s VOO. IBIT captured $1.8 billion of last week’s $3.2 billion in total…
In brief Zcash is being highlighted by notable individuals on social media. The token’s price has increased nearly 240% over the past two days. Mert Mumtaz said Zcash would hit $1,000. Zcash’s price rose to $165 on Monday as Mert Mumtaz, CEO of Solana infrastructure firm Helius Labs, continued cheerleading the token on X, among…
In brief President Trump said his administration is considering $1,000-$2,000 checks for citizens based on tariff revenues. Americans received up to $3,200 in 2020-2021, up to $40 billion of which was estimated to have been invested in Bitcoin and stocks. That $3,200 could be worth more than $26,000 today if invested in Bitcoin upon receipt…
In brief The UK government is seeking to keep most of the 61,000 BTC it seized in 2018, amid civil recovery proceedings. Some figures within the British crypto industry believe any retained BTC should be kept in a strategic reserve, while others argue that the long-term holding of seized assets is at odds with UK…
In brief Standard Chartered’s Global Head of Digital Assets Research has argued in a research note that Bitcoin could soon reach a new all-time high, and keep climbing to $135,000. Analyst Geoff Kendrick said Bitcoin has deviated from a pattern that previously saw prices fall 18 months after the halving. Kendrick added that he expects…
In brief U.S. spot Bitcoin ETFs saw inflows of $675.8 million Wednesday, their highest level since September 12. Bitcoin’s upward price momentum continued through Thursday morning, with the price of BTC topping $119,000 Analysts linked increased Bitcoin ETF inflows over the past week to predictions of looming U.S. interest rate cuts, among other “macro and…
In brief Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve. Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.” The U.S. and other nations have already explored or held strategic Bitcoin reserves. Two members of the…
In brief Gabriel Haines often posts shirtless rants about crypto on X. He has raised money to film a pilot for a dark comedy based on industry happenings. The protagonist of “The Max Extractor” is loosely inspired by Libra co-creator, Hayden Davis. When a meme coin crisis befell Argentine President Javier Milei in February, Gabriel…
