Everything web3, crypto, defi, degen
CRYPTO PUMPS AFTER JEROME POWELL SPEECH, ETH CLOSE TO ATH, ALTS & MEMES PUMPBTC slips on hawkish fed, Jackson Hole today. BTC ETFs hit 5-day losing streak. ETH poised for meteoric growth: JP Morgan. Hayes predicts $20k ETH this cycle. 27% of DATs now trade with mNAV below 1. CFTC launches ‘Crypto Sprint Initiative’. Eric…
In brief Coinbase is listing the World Liberty Financial stablecoin, USD1. World Liberty Financial is backed by President Donald Trump and its sons. While a dollar-pegged stablecoin like USD1 won’t see a price jump from the listing, it could boost World Liberty’s visibility. The USD1 stablecoin from World Liberty Financial—a crypto project backed by President…
In brief Kyrgyzstan’s President has appealed to UK and U.S. leaders over UK sanctions imposed on Kyrgyz crypto networks linked to the rouble-pegged stablecoin A7A5. The country has rapidly emerged as a hub for Russian trade and crypto flows since the invasion of Ukraine. Analysts say Kyrgyzstan-based exchanges Grinex and Meer show signs of being…
In brief Windtree confirmed its shares will be suspended from Nasdaq trading on Thursday for failing to meet the $1 minimum bid price. Last month, it said it had committed to buy up to $700 million in Binance’s BNB token. Struggling firms pivoting into crypto treasuries may lack substance beyond the narrative, Decrypt was told.…
In brief Binance will move its USDT yield product onto the Plasma network once mainnet launches, estimated for September. Users will be able to earn 2% APR on their USDT stablecoin holdings, as well as earn a slice of the soon-to-launch XPL token. Codenamed “Taylor Swift,” the partnership’s details were kept under lock and key…
In brief The group said the program aims to diversify its business, believing it would serve as a bridge between crypto and the NYSE. AMTD plans to use their media, hospitality, and education assets to offer asset-allocation support, VIP experiences, and financial education. All three are micro to small-cap companies, with the largest running at…
In brief OFAC sanctioned Garantex on Thursday for its role in processing more than $100 million linked to illicit activities. It also blacklisted six businesses and three executives tied to the exchange. Blacklisting platforms that offer services aimed at circumventing sanctions is crucial to OFAC’s mission, an analyst said. The U.S. Department of Treasury’s Office of…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and…
In brief Bitcoin-based memecoin launchpad Odin.fun has lost 58.2 BTC, worth roughly $7 million, via an exploit. The platform has paused operations, but says it will be back next week The exploit was what is termed a “liquidity manipulation” attack, according to third-party security researchers Bitcoin-based meme coin launchpad Odin.fun has lost approximately 58.2 BTC,…
ETH NEARS ATH, SOL BREAKS $200, PUMP BACK TO ICO PRICEETH & SOL soar, BTC dominance below 60%. ETH ETFs see $2.3b of inflows in 6 days. SOL breaks $200, DeFi TVL at three year highs. BitMine upsizes offering to buy ETH to $25bn. Crypto sentiment jumps to ‘Greed’ in a week. Institutions now hold…
