Everything web3, crypto, defi, degen
In brief OSL Group is raising HK$2.36 billion (US$300 million) through new share issuance. About $90 million is earmarked for stablecoin and payment infrastructure. Observers say the move positions OSL to capitalize on early demand for compliant stablecoin rails in Asia. OSL Group, Hong Kong’s first licensed digital asset exchange, said Friday it will raise…
In brief GameSquare borrowed stablecoins against a recently acquired CryptoPunk. The rare CryptoPunks NFT was purchased from Compound founder Robert Leshner for $5.15 million worth of preferred shares. GameSquare owned 12,900 ETH, as of Thursday worth $48 million. GameSquare, a digital media company with an Ethereum treasury strategy, said Thursday that it acquired a rare…
In brief Myriad has expanded its prediction markets to Ethereum layer-2 network, Linea. Top markets this week include predictions on SharpLink Gaming’s ETH holdings and Solana tokens PENGU, Fartcoin, and PUMP. Predictors think PENGU will eclipse a $2.5 billion market cap by the end of July, and Fartcoin will outpace PUMP into August. What do…
In brief Bitcoin was up 1.1% in Thursday trading, even as major altcoins like XRP, Solana, and Dogecoin were in negative territory. BTC volatility dropped to 1.49%, with experts noting this decreased volatility indicates BTC is maturing into an institutional-grade asset. Marathon Digital upsized its latest offering to $950 million to purchase Bitcoin and expand…
In brief The meme coin market is down over the past 24 hours, with most major meme coins dropping in value. It comes after Alon Cohen, co-founder of Pump.fun, confirmed that the hotly anticipated PUMP airdrop won’t be coming in the “immediate future.” Pump.fun-created tokens GOAT, Moo Deng, and Peanut the Squirrel are amongst the…
In brief PayPal will launch a platform this fall linking domestic wallets like UPI and WeChat Pay to its global merchant network. The service mirrors stablecoin functionality but runs on traditional fiat rails, without blockchain infrastructure. It comes as PayPal continues to support and integrate its stablecoin, PYUSD, into its broader product suite. U.S. payments…
In brief Block on Wednesday joined the coveted S&P 500. Its payments company, Square, started rolling out a Bitcoin accepted feature. Owen Jennings, said on Tuesday that Block’s point-of-sale payment company, Square, was onboarding customers for “the new native Bitcoin acceptance experience.” Jack Dorsey’s Block (XYZ) has started adding the first customers for its Bitcoin…
In brief American Bitcoin miner MARA is raising more money to buy BTC for its treasury. Nasdaq-listed MARA will raise $850 million via a private sale of senior convertible notes. The company has a strategy of not selling its crypto holdings. Top Bitcoin miner MARA, formerly known as Marathon Digital, is planning to raise $850…
In brief The PUMP token has dropped 45% from its all-time high, and is now trading lower than its initial coin offering valuation. Pump.fun raised $600 million in 12 minutes earlier this month, selling its token for $0.004. It comes as users appear to be growing frustrated over the lack of airdrop details, while a…
In brief JPMorgan is reportedly exploring crypto-backed loans secured by Bitcoin and Ethereum. The move follows growing institutional interest and regulatory clarity, including the recent passage of the GENIUS Act. Experts say Basel III rules remain a hurdle, but JPMorgan’s plans may signal progress toward treating crypto as acceptable collateral in TradFi. JPMorgan Chase is…
