Everything web3, crypto, defi, degen
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 Block purchased 108 BTC during Q2 with a cost basis of $11 million. Its total bitcoin investment is now valued at $1.15 billion, with $2.14 billion coming from Bitcoin sales through Cash App. The company recognized $212.2 million gain on bitcoin remeasurement during the quarter. Jack Dorsey’s Block Inc. continued its bitcoin accumulation…
In brief Ripple CTO David Schwartz thinks experimentation is good for blockchains. The XRPL EVM Sidechain debuted in June. The network features smart contracts and uses XRP as its native token. XRP Ledger’s Ethereum sidechain could lead to more experimentation within the network’s ecosystem, while potentially attracting fresh talent, according to Ripple CTO David Schwartz.A…
In brief Privacy advocates call coin mixers a necessary tool for protecting anonymity. Government officials call coin mixers tools for money laundering. Billions in crypto have changed hands using coin mixers. Coin mixers have captured the attention of both the cryptocurrency community and regulators as the battle for privacy ramps up.In 2021, the founder of…
In brief In a fireside chat, NEAR Protocol founder Illia Polosukhin and Infinex founder Kain Warwick argued that greater levels of interoperability are crucial for fueling crypto adoption. In June Infinex successfully integrated NEAR Intents and Chain Signatures, facilitating swapping and bridging of non-smart contract cryptocurrencies across multiple blockchain networks. Polosukhin said that NEAR Protocol…
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 Bitcoin and Ethereum ETFs have experienced $1.9 billion in net outflows over a three-day period. Despite the outflows, analysts are unfazed and see potential inflow catalysts in the near future. Bitcoin and Ethereum have dropped 3.6% and 5.2% respectively over the course of the last week. Bitcoin and Ethereum exchange-traded funds have experienced…
In brief MEXC Ventures has invested in Indonesian crypto exchange Triv at a $200 million valuation, though the amount remains undisclosed. The deal was structured entirely as equity and reflects MEXC’s long-term strategy of backing licensed exchanges in emerging markets. Triv will maintain operational independence while gaining access to greater liquidity and expanded product support…
In brief Litecoin jumped to a five-month high of $128.40 Tuesday morning. Prediction markets are optimistic that a LTC ETF will be approved this year. Last month, MEI Pharma closed a $100 million private placement to transform itself into a Litecoin treasury firm. Litecoin surged to a five-month high of $128.40 Tuesday morning, amid rumors…
In brief Microsoft’s Edge Copilot Mode brings free, built-in AI to the masses—no waitlist, no extra app, just ask and it answers. Comet and Dia promise supercharged assistants, deep automation, and privacy—if you can stomach the price (or score an invite). Opera and soon Neon bet on local AI and wild multitasking, while OpenAI’s rumored…
