Everything web3, crypto, defi, degen
In brief Solana meme coin Chill House surged to a new high after its X account insulted Vitalik Buterin and other crypto founders. The chaos helped pump the token, which briefly hit a new peak above a $30 million market cap. While the daily gains have cooled, Chill House is still up more than 500%…
Western Union will release a stablecoin via the Solana blockchain in 2026, the company said Tuesday.The international payments firm said in a joint announcement with the Solana Foundation that the new digital token will be called USDPT and issued by Anchorage Digital Bank.”Western Union will provide users with access to digital assets, and we look…
In brief Circle launched the public testnet for Arc, its Layer-1 blockchain network, with participation from over 100 companies including BlackRock, Visa, Goldman Sachs, AWS, and major crypto exchanges like Coinbase and Kraken. The blockchain is designed as an “Economic Operating System” featuring dollar-based fees, sub-second transaction finality, and optional privacy for financial applications like…
In brief Bitcoin’s open interest nears $40B as traders price in a likely Fed rate cut. Users of prediction market Myriad hint at a 92.6% chance of a quarter-point cut this week. Experts warn that leverage-driven volatility is a risk, despite a bullish outlook. Bitcoin traders are building leveraged positions across the crypto derivatives market…
In brief Argentines swapped pesos for dollar stablecoins on Sunday, as locals expeted ARS to plummet during the midterm elections. President Javier Milei faced a make-or-break election amid declining approval ratings tied to corruption scandals. As the results became clear, a LATAM crypto app recorded its highest-ever volume in a single hour as the peso…
In brief Four altcoin-tracking ETFs are set to begin trading in the U.S. this week. Canary Capital’s Litecoin and Hedera funds will be listed, alongside Bitwise and Grayscale Solana funds. The debuts follow successful Bitcoin and Ethereum spot ETF rollouts in 2024. Four exchange-traded funds tracking separately Solana (SOL), Litecoin (LTC), and Hedera (HBAR) will…
In brief Shares of ETHZilla (ETHZ) jumped 14% on Monday after Beyond Meat investor and influencer Dimitri “Capybara Stocks” Semenikhin got behind the firm. Semenikhin claims to have purchased more than 2% of shares due to the steep discount between its trading market cap and the net value of assets. The company said Monday that…
In brief MegaETH has attracted $350 million in pre-deposits at a “hypothetical” fully diluted valuation of $7 billion, just hours after opening its initial coin offering. The “hypothetical” fully diluted valuation is only the result of the ICO’s oversubscription. Once allocations have been determined, MEGA will have an FDV of $999 million. The Ethereum layer-2…
Wall Street bank Citi and crypto exchange Coinbase are teaming up to “boost digital-asset payment capabilities” for the bank’s institutional clients.In the initial phase, the bank aims accelerate fiat pay-ins and payouts and improve orchestration to better bridge traditional finance with crypto on- and off-ramps, the bank said in a press release.“The financial landscape is…
In brief BitMine Immersion Technologies added $321 million worth of ETH last week. The company now holds over $13.8 billion worth of ETH, leading the Ethereum treasury accumulation race. BitMine shares are up more than 5% on the day. BitMine Immersion Technologies added another $321 million worth of Ethereum (ETH) to its stockpile over the…
