Everything web3, crypto, defi, degen
In brief If passed, Treasury would have 90 days to report on feasibility, legal authority, custody, and cybersecurity. The bill also calls for details on interagency transfers and balance sheet treatment of digital assets. Federal definitions could set benchmarks for custody and accounting across the industry, Decrypt was told. Two sections of a U.S. House…
In brief Shengsheng He was sentenced to 51 months for laundering nearly $37M stolen in a crypto investment scam. The funds were moved through a Bahamas-based shell company, converted to crypto, and sent to scammer wallets. The case is part of a wider DOJ crackdown on global crypto fraud and online money laundering. Shengsheng He,…
In brief Eightco raised $250M to buy Worldcoin and changed its ticker to ORBS in a crypto treasury pivot. BitMine backed Eightco with $20M and called the Worldcoin play its first big “moonshot” investment. Eightco bet on Worldcoin over Bitcoin or ETH, sparking questions about the strategy. Eightco Holdings Inc. shares surged more than 3,000%…
In brief Anton Kobyakov, an advisor to Russian President Vladimir Putin, said the U.S. is using crypto to help fix its debt issue. Kobyakov highlighted stablecoins will play a role in the U.S.’s debt devaluation. He added that the U.S.’s actions are at the “world’s expense.” An advisor to Russian President Vladimir Putin said that…
In brief Cantor Fitzgerald has debuted a new Bitcoin fund. The fund also gives investors exposure to gold—for downside protection. Gold rose to a record high near $3,680 on Monday, while BTC is trading about 9% off its all-time best, set last month. Wall Street giant Cantor Fitzgerald debuted a new fund Monday that aims…
In brief Sharplink (SBET) shares fell 11% after announcing plans to stake ETH on Linea, now trading at $15.73. 82.5% of prediction market users on Myriad doubt the company will reach its 1 million ETH target by September 16. Analysts say aggressive share issuances to fund ETH purchases are diluting existing investors and making the…
In brief OpenSea is creating an NFT reserve, starting with a CryptoPunk on Ethereum. The firm is preparing for the final phase of pre-token rewards, starting with a prize vault filled with $1 million in ARB and OP tokens. The OpenSea Foundation is expected to announce SEA tokenomics in early October. Prominent NFT marketplace OpenSea…
In brief European crypto asset manager CoinShares has announced plans to go public in the U.S. on the Nasdaq. The deal sees CoinShares enter an agreement with Vine Hill Capital Investment Corp. A number of crypto firms have gone public this year or have signaled plans to do so. European digital asset fund manager CoinShares…
In brief Nasdaq’s proposal comes as interest in tokenization of assets surges throughout the financial services world. The exchange said that it believes tokenization can provide the same benefits and protections as traditional systems. Nasdaq lists technology giants like Apple, Amazon, Meta, and Google. Nasdaq has asked the U.S. Securities and Exchange Commission for a…
In brief BitMine Immersion Technologies bolstered its Ethereum treasury and now holds more than 2 million ETH. The firm’s Ethereum holdings have hit $9 billion, extending its lead over other ETH treasury firms. BMNR invested $20 million in a publicly traded firm undertaking a Worldcoin strategy, sending OCTO shares up 3,000%. Bitcoin miner turned Ethereum…
