Everything web3, crypto, defi, degen
In brief Zanmai Labs must provide bank guarantees of approximately Rs 45.38 crores to protect CoinSwitch’s claims, following the Bombay High Court’s dismissal of its challenge to arbitration orders. The court rejected WazirX’s attempt to “socialize” losses across all platform users through its Singapore parent company’s restructuring scheme. Justice Somasekhar Sundaresan ruled that Zanmai cannot…
In brief Shayne Coplan, the CEO of Polymarket, has entered the billionaire club as the youngest self-made billionaire, per Bloomberg. He joins a list of other crypto billionaires including Changpeng “CZ” Zhao, Michael Saylor, and Satoshi Nakamoto. Coplan’s rise in net worth follows Polymarket’s valuation of $9 billion, as it secured a $2 billion investment…
In brief MetaMask users can trade derivatives using Hyperliquid’s infrastructure. The self-custodial wallet plans to add support for Polymarket. MetaMask users can earn rewards, including Linea’s native token. Popular crypto wallet MetaMask unveiled native support for Hyperliquid on Wednesday, allowing users to more easily speculate on the price of various cryptocurrencies through the up-and-coming decentralized…
In brief YZi Labs, formerly known as Binance Labs, is kickstarting a $1 billion builders fund for those looking to develop long-term on BNB Chain. The fund will support builders in areas like trading, real-world assets, artificial intelligence, DeSCI, and DeFi. The firm is merging its EASY Residency program with BNB Chain’s incubator “MVB” to…
In brief BNB traded 0.8% higher while Ethereum and XRP posted losses, with analysts crediting its ecosystem utility and token-burning mechanisms for resilience. Former Binance CEO CZ’s YZi Labs announced a $1 billion fund for BNB Chain developers, boosting investor confidence in the token’s long-term prospects. BNB sits just 2% below its all-time high, having…
In brief PancakeSwap’s Chinese X account was hacked to promote a scam meme coin token. CAKE token’s price remains largely unaffected. Security experts noted weak user security awareness and phishing as key reasons. The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named “Mr.…
In brief Global crypto market cap hit an all-time high of $4.35 trillion on October 6, with Bitcoin surging past $126,000 and Ethereum crossing $4,500. Spot Bitcoin and Ethereum ETFs have attracted over $70 billion in inflows since January 2025, with last week alone seeing $4.5 billion in record flows. Technical indicators show mixed signals:…
In brief BNB Chain meme coin prices and trading volumes are skyrocketing, with many tokens inspired by Binance founder Changpeng “CZ” Zhao. Some tokens have jumped more than 1,000%, while the leading token 4 has jumped to a $243 million market cap. Earlier this year, a token named after CZ’s dog Broccoli exploded in popularity…
In brief Publicly traded firm CEA Industries said Tuesday that it now holds 480,000 BNB, valued above $600 million. The price of BNB has surged 27% in the last week alone, hitting a new high of $1,330 on Tuesday. Shares of CEA Industries, which trades as BNC on the Nasdaq, rose 8% following the announcement.…
In brief Created in response to Bitcoin’s perceived limitations, Zcash offers privacy with zk-SNARK tech. In 2025, Zcash undergoes its halving, a funding overhaul, and a software migration—its biggest test yet. A decade on, Zcash is one of the privacy coins fighting for private, and decentralized payments. For many years, Bitcoin was used to buy…
