Everything web3, crypto, defi, degen
In brief The Monetary Authority of Singapore has deferred new crypto prudential standards to the start of 2027. MAS delayed the rollout from January 1, 2026 due to crypto industry concerns raised in a consultation on the changes. Respondents warned that the proposed risk classifications could unfairly penalize assets built on permissionless blockchains, potentially stifling…
In brief Prediction market Kalshi has been valued at $5 billion as it raised $300 million with participation from Sequoia, Andreessen Horowitz, Paradigm, and more. It comes the same week that rival Polymarket was valued at $9 billion via a $2 billion investment, which made its CEO the youngest “self-made” billionaire. The projects have been…
In brief Morgan Stanley will reportedly expand its crypto offerings, allowing all wealth clients to have access to the asset class. The bank in September said it will allow customers to trade Bitcoin, Ethereum, and Solana via its E*Trade platform. Morgan Stanley’s CEO said in January that the bank was working with regulators to see…
In brief The Bank of England may exempt crypto-exchanges and other big firms from its proposed £10 million ($13.3 million) limit on stablecoin holdings. The central bank would retain the cap for individuals, who would be limited to holding a maximum of between £10,000 and £20,000 ($13,300 and $26,600). Industry figures believe that the caps…
In brief Salaries and token incentives declined across nearly all roles and regions, according to Dragonfly’s latest crypto compensation report. Western Europe remains a dominant labor hub, while Asia’s hiring share nearly doubled year-over-year. Most crypto firms remain remote-first, with slower hiring and a widening gap between top executives and staff pay. Crypto salaries are…
In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come amid hype surrounding digital assets pegged to the U.S. dollar. Observers say payment and crypto firms now see stablecoins as core infrastructure. Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a U.K.-based…
In brief Intel’s new Core Ultra 3 debuts in 2025 with RibbonFET and PowerVia tech for better efficiency and density. The Company Foundry division losses hit $3.2 billion in Q2 as AMD captures 32% of desktop CPUs and nearly 40% of revenue. AMD’s OpenAI GPU deal, Apple Silicon, and Qualcomm’s PC chips tighten the noose.…
In brief An English business owner was sentenced to 22 months in prison for fraudulently securing a Covid-era loan and spending it on crypto, gambling, and personal expenses. The man used a first loan legitimately for his glass-fitting business, but illegally received a second loan and used the funds improperly. Ioannou must also now pay…
In brief Block founder Jack Dorsey tweeted a call for a de minimis tax exemption on everyday Bitcoin transactions, prompting Sen. Cynthia Lummis to reply she’s “Working on it.” Lummis urged supporters of the tax exemption to contact their representatives. The exemption was part of crypto tax reforms that failed to make it into Trump’s…
Two major crypto ETF issuers are joining the rush to bring crypto asset staking to the U.S.Bitwise and 21Shares each unveiled updates to their crypto funds on Tuesday, cutting fees and adding staking features for investors, just days after Grayscale became the first to introduce staking in its U.S. Ethereum ETFs.Bitwise’s latest filing formally renames…
