Everything web3, crypto, defi, degen
In brief Quantum computers threaten blockchain security by cracking private keys with Shor’s algorithm. Chains using EdDSA, like Solana and Sui, are easier to upgrade for quantum resistance. Older chains like Bitcoin face steep risks and costly upgrades, or risk leaving assets exposed. Quantum computing could one day break the cryptographic foundations that secure trillions…
In brief Ethereum celebrated its 10th anniversary on Wednesday, persevering through a decade of existential threats and evolution. Over the next 10 years, advocates believe the network will complete a spree of upgrades, improve layer-2 interoperability, and become the “settlement layer for everything.” Consensys pushed back on concerns that quantum computing could pose an existential…
In brief Indonesia’s new tax policy imposes a 1% levy on offshore crypto transactions, while domestic trades face an increased 0.21% rate. The overhaul eliminates VAT for crypto buyers and raises mining VAT to 2.2%, with standard income tax rules coming in 2026. Decrypt was told the tax hike could deter high-volume or frequent retail…
In brief Visa reported $10.17 billion in revenue for fiscal Q2, up 14% year-over-year, while stablecoin settlements totaled just $200 million. CEO Ryan McInerney said global stablecoin adoption remains limited and will depend on clearer regulatory frameworks. Visa is investing in stablecoin infrastructure through BVNK, partnering with Bridge in Latin America, and piloting programmable finance…
In brief Bitcoin has traded between $117,000 and $119,000 for over two weeks, slipping 2% after a weekend rally. Ethereum has climbed to near the $4,000 level, backed by over $5 billion in ETF inflows and rising derivatives activity. XRP sentiment has improved as investors eye potential regulatory clarity. The cryptocurrency market extended its losses…
In brief Nasdaq-listed Mill City Ventures III is the latest company to start a crypto treasury. The financial firm will buy SUI. Increasingly more publicly traded companies are buying altcoins. Bitcoin treasury firm Strategy started the trend but now companies are diving into other cryptocurrencies to put on their balance sheets—with the latest being SUI. Nasdaq-listed…
In brief XRP price is down more than 12% on the week. Dogecoin is down even worse, over 18% in the last seven days. Technical indicators show differing paths. Here’s why. If you bought into the XRP or Dogecoin hype recently, you might be asking yourself what went wrong. You’re also probably a lot less…
In brief Solana co-founder Anatoly Yakovenko dismissed meme coins and NFTs as “digital slop,” in a discussion with Coinbase’s Jesse Pollak. Pollak defended platforms like Zora, calling content “incredibly valuable” and coins “the most powerful technology” for enabling value transfer to creators. Despite Yakovenko’s criticism, Solana remains deeply tied to meme coin activity, with launchpad…
In brief A new report from TRM Labs found that Kyrgyzstan appears to be serving as a front for crypto platforms linked to shuttered Russian exchange Garantex. Russia-linked activity accounts for almost all of Kyrgyzstan’s crypto industry, which was “virtually nonexistent” prior to the invasion of Ukraine in 2022. Experts told Decrypt that Kyrgyzstan’s political…
In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee on Blockchain urged the Commission issuing WYST to “resist pressure to act as a political or financial gatekeeper.” The GENIUS Act’s passage could increase crypto…
