Everything web3, crypto, defi, degen
In brief Pseudonymous “SharpLink Whale” currently holds $3 million worth of ETH treasury company but no actual Ethereum. The trader told Decrypt he is willing to pay a premium on the asset for the company to custody and yield millions of dollars worth of Ethereum for him. However, he warns against copycat Ethereum treasury firms,…
In brief Analysts’ Coinbase forecasts had called for $1.59 billion in total revenue. The crypto exchange giant has made multiple major acquisitions this year, including for options trading platform Deribit. The company’s stock price was down more than 6% in after-market trading. Coinbase clocked $1.5 billion in total revenue, a 25% drop from the previous financial quarter, as…
In brief Bitcoin continues to trade flat on the day, as crypto markets take a breather. But with most coins barely moving, there’s one standout performer: Pump.fun’s PUMP The Solana token was not too long ago the worst-performing crypto asset in the top 100 coins. Now the script has been flipped. Here’s why. So much…
In brief Nasdaq-listed Fold is partnering with prepaid gift-card provider Blackhawk Network. The deal will result in Fold’s Bitcoin gift cards available in potentially over 400,000 locations. Bitcoin gift cards allow people to pass on the cryptocurrency in physical form. Bitcoin financial services company Fold is working with publicly traded prepaid gift-card provider Blackhawk Network…
In brief SEC Chair Paul Atkins announced numerous major policy initiatives the regulator is now undertaking to bring crypto activity back to the United States. New rules would greenlight many crypto-related practices previously discouraged or outright banned in the U.S. The rollout comes a day after the White House released its own crypto policy recommendations,…
In brief Robinhood CEO Vlad Tenev views tokenization as the future of finance. Robinhood is building its own Ethereum layer-2 scaling network. The firm surpassed analysts’ second-quarter expectations. Robinhood CEO Vlad Tenev referenced tokenization nearly a dozen times during the company’s second-quarter earnings broadcast on Wednesday, highlighting how the once-esoteric term is becoming a cornerstone…
In brief A New York appeals court vacated the 2023 conviction of Nathaniel Chastain on wire fraud and money laundering charges. The court ruled Chastain’s initial trial improperly convicted him on incorrect charges, given information about what NFTs OpenSea planned to list did not constitute the company’s “property.” The case will now head back to…
In brief Bitcoin whales holding 10-10,000 BTC accumulated 0.9% of the total supply over four months, including 30,000 BTC over the past 48 hours. Despite whale buying, large-scale profit-taking occurred with one whale offloading $9 billion worth of Bitcoin through Galaxy Digital. Whales are expanding beyond Bitcoin into Ethereum, Solana, and select memecoins while the…
In brief GOAT Network launched a Bitcoin Layer 2 testnet with real-time ZK proofs under 3 seconds. The project aims to enable fast withdrawals and native BTC yield without altcoins or custodians. The system uses decentralized provers to eliminate delays and proof backlogs. GOAT Network launched a public beta Thursday for what it claims is…
In brief Bengaluru police say hackers used a fake freelance job to trick a CoinDCX employee into installing malware on his office laptop, which was later exploited to steal $44 million (₹379 crore) from the exchange’s liquidity wallet. The employee, now in custody, claimed he was unaware of the breach; police say tracing the funds…
