Everything web3, crypto, defi, degen
In brief CEA Industries chose BNB for its crypto treasury, picking it over more prominent assets like Bitcoin or Ethereum. Incoming CEO David Namdar believes the token hasn’t gotten enough attention and has been cut off from investors in the West. Shares of VAPE are down Tuesday, but up more than 336% in the last…
In brief A loophole in German law has enabled a man to escape criminal charges for the alleged theft of $2.9 million (€2.5 million) in cryptocurrency. Under the German Criminal Code, theft is defined as the “taking of another’s movable property,” and since cryptocurrencies don’t have a physical form it does not recognize them as…
In brief SharpLink’s Ethereum holdings have more than doubled over the past three weeks Shares have tumbled as Ethereum’s rally has cooled over the past week. The company is aligning itself with Consensys’ Ethereum layer-2 network Linea. SharpLink Gaming has spent $780 million on Ethereum in July, establishing itself as one of the asset’s largest…
In brief Prediction markets enable users to speculate and bet on the outcome of any future event. The price of one “share” in a prediction market ranges from between $0.00 to $1, and its price correlates to its percentage chance of winning. Once the event has taken place, the market resolves, with the price going…
In brief Ethereum treasury companies have acquired 1% of all ETH in circulation in just two months, with holdings worth nearly $9 billion approaching 2% of total supply. Standard Chartered’s Geoff Kendrick predicts ETH treasury holdings could grow 10-fold to eventually own 10% of all ETH, potentially pushing prices above $4,000. Leading treasury companies include…
In brief South Korea’s ruling and opposition parties introduced competing stablecoin bills, diverging on whether to ban interest payments. Both proposals grant emergency powers to financial regulators and require full reserve backing for won-pegged tokens. The legislative split comes as President Lee Jae-myung advances a crypto-friendly agenda amid global moves to regulate stablecoins. South Korea’s…
In brief The SEC has pushed back its decision on whether to approve or deny the Truth Social Bitcoin ETF and Grayscale Solana ETF, according to a pair of filngs. Its new deadlines for the Truth Social Bitcoin ETF and Grayscale Solana ETF are September 18 and October 10, respectively. The SEC has delayed decisions…
In brief Ethereum topped $3,900, its first time above that level since December, before retreating. Bernstein analysts said that Ethereum treasuries would have to weigh liquidity risks. The ETH treasuries have followed a general model pioneered by Bitcoin pioneers like Strategy. Ethereum treasuries are treating the asset differently than their Bitcoin-focused counterparts, generating staking rewards…
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…
