Everything web3, crypto, defi, degen
In brief Crypto industry veteran Michael Alfred is joining the board of Bakkt, a provider of digital asset services. The company’s share price jumped more than 40% on the day. Bakkt has been looking to reposition itself in recent months, including with plans for a potential Bitcoin treasury. Bakkt Holdings’ share price jumped past analysts’…
In brief The UK’s Financial Conduct Authority has reduced application process times for crypto service providers by 69% since 2022/23. Total applications have declined over the past couple of years, as firms wait and see how UK crypto regulation develops. Successful applications have also declined, although fewer firms are withdrawing applications. The UK’s Financial Conduct…
In brief Strive Asset Management is acquiring Semler Scientific at a $1.3 billion valuation Semler’s stock had been trading at a discount to its Bitcoin holdings Strive expects to gain around 5,000 Bitcoin from the deal Strive Asset Management is acquiring Semler Scientific at a $1.3 billion valuation, the company said on Monday, growing its…
In brief The UAE Ministry of Finance signed the Multilateral Competent Authority Agreement under CARF on Sunday, following its November 2024 announcement. Implementation begins in 2027, with the first international tax information exchanges expected in 2028. An eight-week public consultation launched on September 15 invites all crypto stakeholders to weigh in on potential impacts and…
In brief Metaplanet acquired 5,419 BTC for $632.53 million, at an average price of $116,724 per coin. Total holdings now stand at 25,555 BTC, valued at approximately $2.91 billion. The purchase pushes the company to 5th place globally among corporate Bitcoin holders. Metaplanet has vaulted into the top five publicly listed Bitcoin holders worldwide, announcing…
In brief Prediction markets and DAOs are both all about coordination, Syndicate co-founder Ian Lee said. One is focused on human intelligence, while the other on human capital. Syndicate was once dedicated to providing infrastructure for DAOs. Prediction markets and decentralized autonomous organizations, or DAOs, may be closer cousins than most people think, according to…
In brief Publicly traded firm Caliber has acquired $6.7 million worth of LINK as it builds out its Chainlink treasury. The firm intends to do more than accumulate LINK though, it will also integrate the Chainlink network into its daily business. Its next step is hiring the right fit with a history in real estate…
In brief Remilia Corporation is launching a Milady-centric social network called RemiliaChat. The rollout is beginning with RemiliaNET, a social identity layer launching Friday. While aimed at fans of 4chan, RemiliaChat will have some level of content moderation. The Milady gang thinks social media is broken, calling the community of fans the “diaspora of chan…
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 Coinbase unveiled a lending product this week offering “competitive yields.” DeFi lender Morpho is currently subsidizing those rates. A Coinbase employee acknowledged that it’s a marketing tactic. A lending product unveiled by Coinbase that offers up to 10.8% returns on USDC deposits is receiving a temporary boost from DeFi lender Morpho.On X, Coinbase…
