Everything web3, crypto, defi, degen
In brief New York City Mayor Eric Adams signed an executive order to establish the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has served in the NYC Office of Innovation and Technology since 2024, will lead the new office. Adams will leave office in January, after ending his reelection campaign in late…
In brief The integration aims to streamline swaps–crypto-to-crypto trades that bypass centralized platforms–and other DeFi processes within Porto’s dashboard. In an announcement,Anchorage noted the “delicate balance” for institutions interconnecting with DeFi to manage dapps. In July, Jupiter announced the introduction of a new lending product. Anchorage Digital said on Tuesday it will add Solana swap…
In brief New York Department of Financial Services Superintendent Adrienne Harris is leaving her position in October. Under her tenure, NYDFS became the first American regulatory body to provide guidance on stablecoins. Kaitlin Aslow, who is at the NYDFS now, will take over as superintendent after serving at the Federal Reserve and the Financial Health…
In brief New York City’s ‘Bitcoin Mayor’ Eric Adams has dropped out of the race for re-election. Adams had publicly tied his image to crypto, from Bitcoin paychecks to calls for BitLicense reform, and many other initiatives. His withdrawal follows legal troubles and questions about whether crypto can anchor political identity. Eric Adams, mayor of…
In brief Rex-Osprey launched XRP and DOGE ETFs, and the SEC debuted streamlined listing standards for commodity-based trust shares. Forward Industries became Solana’s first $1 billion treasury company, with Helius planning a $500 million SOL treasury raise KindlyMD shares dropped 54% after filing S-3 registration, releasing $200 million in discounted shares that created sell pressure…
In brief Crypto exchange Bullish has received the green light to operate in New York by regulators. The BitLicense and Money Transmission License comes after the exchange had a roaring debut on the New York Stock Exchange in August. Bullish shares rose on the news. Shares of Peter Thiel-backed crypto exchange Bullish jumped 5% after…
In brief Gemini debuts on Nasdaq with $4.4B valuation, shares up 22.6% amid regulatory drama with CFTC nominee. Figure launches public trading at $5.3B valuation as crypto lending meets capital markets. Tokenization gains momentum with BlackRock eyeing ETF tokenization and Nasdaq proposing tokenized stock trading. Public Keys is a weekly roundup from Decrypt that tracks…
In brief Crypto exchange Bullish debuted on the New York Stock Exchange in August. Its stock soared to more than triple the initial offering price. But analysts at Compass Point say it’s currently trading too high. Analysts at investment bank Compass Point initiated coverage of crypto exchange Bullish with a neutral rating and a $45…
In brief New York State Assemblymember Phil Steck proposed a 0.2% excise tax on cryptocurrency transactions. He estimates that the tax would generate $158 million annually, based on Chainalysis data from 2022 to 2023 and recent GDP statistics. The revenue would help combat substance abuse in upstate New York. New York Assemblymember Phil Steck introduced…
Introduction Since 2011, Kraken has been a leader in the industry, actively developing and driving multiple self-regulatory organizations (DATA, JADA), and working with regulators to enact fair and effective rules to govern the evolving blockchain industry. In fact, had we not laid off half the team in 2014, our legal bills would have bankrupted the…
