Everything web3, crypto, defi, degen
In brief Shares of CEA Industries (VAPE) are up more than 700% after it announced it will start a BNB treasury. The firm is raising $500 million via a PIPE, with the potential for $1.25 billion in funds for BNB purchases. BNB, the cryptocurrency launched by Binance, set a new all-time high price earlier Monday.…
In brief Solana co-founder Anatoly Yakovenko dismissed meme coins and NFTs as “digital slop,” in a discussion with Coinbase’s Jesse Pollak. Pollak defended platforms like Zora, calling content “incredibly valuable” and coins “the most powerful technology” for enabling value transfer to creators. Despite Yakovenko’s criticism, Solana remains deeply tied to meme coin activity, with launchpad…
In brief ASIC has accused Bitget of offering unlicensed crypto futures to Australians, lacking an AFS licence and bypassing investor protections. Bitget’s products offer up to 125x leverage, far above ASIC’s 2:1 limit, exposing users to major financial risks, ASIC said. Global regulators have issued similar warnings since 2022, with actions taken in Spain, Japan,…
In brief Options markets now assign a 30% probability to Ethereum reaching $6,000 by year-end, up from 7% in early July, Decrypt was told. A U.S.-EU trade deal has calmed global risk sentiment, creating a more favorable backdrop for digital assets. Low volatility and funding rates suggest crypto’s latest rally is being driven by spot…
In brief The AI firm aims to acquire up to 3,000 BTC over 12 months despite thin reserves. Its latest earnings flagged “significant doubt” about continued operations. Analysts told Decrypt such moves may be more to reframe perception than fix fundamentals. Tokyo-listed AI firm Quantum Solutions is preparing to buy up to millions in Bitcoin…
In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee on Blockchain urged the Commission issuing WYST to “resist pressure to act as a political or financial gatekeeper.” The GENIUS Act’s passage could increase crypto…
In brief Spot Ethereum ETFs generated over $1.8 billion in investments this week. The nine funds outpaced their Bitcoin counterparts, which added just $70 million. Interest in Ethereum has risen with the passage of a stablecoin bill and rise of Ethereum treasury companies. For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin…
In brief XRP last week broke a new record of $3.65. It dropped 15% from that high. But XRP could still move higher as it’s a favorite with retail investors, one analyst told Decrypt. After a wild run, XRP has retreated, erasing its gains of last week. The coin was recently trading for $3.09, according to…
In brief BlackRock’s Ethereum ETF (ETHA) became the third-fastest ETF to reach $10 billion in assets, achieving the milestone in 251 days despite initial lukewarm reception compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin while facing class-action lawsuits over previous stock offering…
In brief Nasdaq-listed Windtree Therapeutics has said it will buy up to $700 million in BNB. The company is following software firm Strategy’s gameplan of buying digital assets. A number of publicly traded companies are now buying crypto—and not just Bitcoin—to boost their stock prices. Another day, another crypto treasury. Biotech firm Windtree Therapeutics said…
