Everything web3, crypto, defi, degen
In brief An Ethereum wallet belonging to an alleged Trump insider closed a massive Bitcoin short position Wednesday, netting $6.4 million in profits. The wallet previously earned close to $200 million earlier this month by shorting ETH and BTC ahead of the record-breaking crypto liquidations. The latest trade brings the wallet’s lifetime earnings to nearly…
In brief Canada’s FINTRAC imposed a record C$176.9 million penalty on Cryptomus. Investigators found 2,593 AML breaches, including 7,557 unreported Iran-linked transfers. The firm operated without Canadian staff, with communications traced to Uzbekistan and Spain. Canada’s financial intelligence agency has imposed a record $126 million (Canadian $176.9 million) fine on cryptocurrency platform Cryptomus for several…
U.S. President Donald Trump has pardoned Binance founder Changpeng Zhao, the White House confirmed to Decrypt on Thursday, marking the latest clemency for the digital asset industry from the crypto-friendly administration.Zhao, also known as “CZ,” resigned his position as Binance’s CEO in 2023 as part of a plea bargain that sent him to jail for four months in…
In brief Indian crypto exchange WazirX will resume operations on October 24 with zero trading fees across all markets. Trading and withdrawals will resume the same day, with full functionality by Monday. The platform has partnered with BitGo for institutional-grade custody solutions. Indian crypto exchange WazirX will restart operations on October 24 with zero trading…
In brief An Ethereum whale has bought $32 million in ETH, signaling institutional interest amid corporate accumulation. A Solana whale sold $93 million, indicating “waning whale confidence” in the asset. A Bitcoin whale netted $835,000 profit, closing a short position as the market hints at a potential bottom. With Bitcoin trading in a tight range,…
In brief Sonnet BioTherapeutics is merging with Rorschach I LLC to create Hyperliquid Strategies Inc. HYPE rose nearly 7% as the broader crypto market traded lower. The merger signals institutional confidence and long-term demand for HYPE, Decrypt was told. Decentralized exchange Hyperliquid’s HYPE token is bucking the broader market trend, soaring while the rest of…
In brief Robinhood signaled that it would list BNB on its platform. The Binance-linked token is valued at $149.5 billion. Coinbase signaled support for the token not long ago. Robinhood unveiled support for BNB on Wednesday, making the fourth largest cryptocurrency by market capitalization available to customers on its platform in the U.S.The announcement, which…
In brief Gold retreated from a record high of $4,395 per ounce on Tuesday. Bitcoin and Ethereum were trading around $112,000 and $4,000, respectively. Analysts cited strong earnings and easing geopolitical concerns as factors. Bitcoin and Ethereum rose on Tuesday as gold’s price headed toward its biggest daily drop in over a decade, indicating renewed…
In brief Solana founder Anatoly Yakovenko uploaded the code for a perpetual futures exchange to Github, but he says he isn’t developing the platform. Yakovenko invited other devs to steal his idea and wants to see more competition in the perpetual futures exchange sector. Despite the Solana founder pushing back, crypto degens still speculated on…
In brief BlackRock’s iShares Bitcoin ETP is now available to UK retail investors on the London Stock Exchange, backed by bitcoin held through Coinbase custody. BlackRock’s U.S. Bitcoin ETF became the firm’s most profitable fund in just 21 months, though it fell short of the $100 billion milestone amid last week’s market crash. BlackRock CEO…
