Everything web3, crypto, defi, degen
In brief Trump is reportedly planning to sign an order as early as this week protecting crypto companies and conservatives from certain alleged banking practices. The order directs banking regulators to examine violations of equal credit laws and consumer protection regulations, with banks facing financial penalties and enforcement actions. The order targets “Operation Chokepoint 2.0″…
In brief Nasdaq and Russell 2000 led gains Monday, while Bitcoin posted a smaller advance. Revised jobs data fueled a surge in rate cut expectations ahead of the Fed’s September meeting. Traders point to unresolved macro risks and rising put activity in Bitcoin as signs of caution. U.S. stocks rebounded Monday, lifting risk assets broadly,…
In brief Acting Chair Caroline Pham says CFTC can regulate spot crypto through current DCM authority, sidestepping new legislation. The proposal seeks public comment by Aug. 18 and is part of the agency’s broader digital asset push. Some caution the plan may clash with SEC rules and fail to resolve crypto’s security-versus-commodity status. The CFTC…
In brief Verb Technology said that it is rebranding to TON Strategy The firm will accumulate Toncoin using proceeds from a private placement. The company’s stock price soared 140% on Monday. Verb Technology will use $558 million in proceeds from a private placement to begin stockpiling and staking Toncoin, the Las-Vegas based marketer said in…
In brief Cryptocurrency exchange Bullish formally filed for IPO. The exchange aims to raise up to $629 million based on an initial share price of $28-$31. The firm previously sought IPO in 2021, but plans were spoiled due to market conditions in 2022. Cryptocurrency platform Bullish publicly filed its F-1 registration with the SEC on…
In brief Crypto market cap has rebounded above $3.7 trillion. Ethereum has broken above a key price resistance zone. XRP and Litecoin show double-digit weekly gains, and the charts are showing signs traders like to see. After a rough weekend that saw cryptocurrencies plunge alongside global risk assets, the crypto market is staging an impressive…
In brief CoinShares has filed for a Solana Staking ETF on Nasdaq, joining BlackRock, Fidelity, and others in adding staking features to their crypto ETF offerings. The Rex-Osprey Solana + Staking ETF already launched with $137 million AUM, showing early demand despite Solana funds representing only 8.7% of Ethereum ETF assets. Staking ETFs offer 7-8%…
In brief Osborne compares the crypto moment to the 1980s Big Bang reforms and warns that the UK risks becoming irrelevant. FCA data shows that 12% of UK adults now hold crypto, as Singapore, Hong Kong, and Abu Dhabi pull ahead. Trade group CryptoUK and London startup Alvara spoke with Decrypt, calling for the legal…
In brief The DeFi protocol CrediX was compromised. An attacker swiped $4.5 million worth of crypto. CrediX said all funds would be recovered in two days. An attacker swiped $4.5 million worth of crypto from decentralized finance protocol CrediX on Monday, according to blockchain security firm CertiK.The funds, which still appear to be under an…
In brief A four-year high in CTA exposure signals a potential market deleveraging event that could put pressure on Bitcoin. Downward revisions in jobs data are fueling speculation of a more aggressive Fed rate-cutting schedule. After a recent sell-off, Bitcoin is expected to enter a period of “chopsolidation” rather than a major collapse. Bitcoin’s slow…
