Everything web3, crypto, defi, degen
In brief Coinbase is rolling out decentralized exchange trading on its app. Digital tokens previously available on decentralized exchanges will now be available on the app. The San Francisco-based firm has made six acquisitions this year as it aims to expand its services. Coinbase will offer decentralized exchange trading for U.S. customers, the crypto exchange…
SEC DROPS XRP CASE, ETH NEARS $4K AGAIN, GOLD HITS ATHTrump signs EO letting crypto into 401ks. XRP up 10% as SEC officially ends legal battle. ETH continues outperform BTC, nears $4k resistance. Crypto-friendly Miran set for Fed board. Fundamental Global to raise $5b to buy ETH. 87% odds ETH hits $4k this month. XRP…
In brief Spanish bank BBVA will hold client funds in U.S. Treasuries, accepted by crypto exchange Binance as collateral for trades. The arrangement follows Binance’s $4.3 billion U.S. fine and FTX-driven demand for independent custody. Analysts say the move signals growing institutional trust and a maturing market infrastructure. Binance has tapped Banco Bilbao Vizcaya Argentaria…
ETH NEARS $4K, TRUMP TARIFFS BEGIN, REKT HITS ANOTHER ATHETH leads majors, Tom Lee calls for $16k price target. US set to allow crypto in 401k plans. ETH daily transactions near record. Sell Gold, Buy BTC: Lummis. Indonesia evaluates BTC reserve. Tornado dev found guilty of 1 out of 3 charges. US adds 21.6% tariff…
In brief New York-based fintech Paxos worked with Binance to mint the BUSD stablecoin. It stopped working with Binance in 2023. New York’s regulator has said Paxos will pay a $26.5 million penalty for not doing due diligence on Binance. Stablecoin issuer Paxos Trust will pay a $26.5 million penalty to New York State to…
In brief Zettai must file its Binance agreement and Singapore court orders within a week, following a Delhi High Court directive in the ongoing WazirX legal dispute. The exchange completed a second vote on its revised restructuring plan on August 6, after Singapore’s High Court overturned an earlier rejection. Creditors are seeking a Special Investigation…
In brief The Philippine SEC has cut off access to foreign crypto platforms offering services to residents of the country. The SEC warned that the platforms are operating illegally without licenses or registration. Local platforms may benefit from the shift, though the crackdown has drawn criticism from users over perceived monopolistic moves, Decrypt was told.…
In brief Binance founder Changpeng Zhao has filed to dismiss a $1.8 billion lawsuit brought by the FTX bankruptcy estate. The case concerns a 2021 equity buyback FTX arranged with Binance, allegedly using misappropriated funds. Zhao argues he was improperly served and is not subject to Delaware jurisdiction. The founder and former CEO of crypto…
VOLATILE WEEKEND, XRP LEADS REBOUND, TRUMP FIRES BLS CHIEFXRP, DOGE lead crypto rebound after drop. BTC ETFs suffer 2nd largest single day outflow. Crypto ETFs bought ATH $12.8b in July. China cracks down on mainland crypto again. SEC to hold crypto roundtables across US. Buy the dips in BTC, ETH: Eric Trump. Metaplanet plans $3.7b…
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…
