Everything web3, crypto, defi, degen
In brief Tokyo-listed Metaplanet is expanding to the U.S. Its Miami-based subsidiary will initially have $15 million in capital. The firm meanwhile closed on its $1.45 billion public offering. Metaplanet, a Tokyo-listed hotel group that owns $2.3 billion worth of Bitcoin, said on Wednesday that its business is expanding to the U.S.The firm, which owns…
In brief Elizabeth Warren and other liberal lawmakers questioned AI and crypto czar David Sacks on whether he has exceeded his 130-day limit as a temporary White House employee, raising ethics concerns. The lawmakers want a full record of Sacks’ workdays and locations since January, noting his dual role at the White House and at…
In brief The UK’s Financial Conduct Authority has launched another consultation on standards for crypto firms mirroring traditional finance rules. The current proposals aim to balance consumer protection, innovation and international competitiveness. The rules form part of a wider UK push to regulate cryptoassets from 2026. The UK’s Financial Conduct Authority (FCA) has opened a…
In brief Forward Industries, the largest publicly traded Solana treasury company, filed to raise $4 billion through an at-the-market equity offering to expand its SOL holdings. The company’s stock (FORD) fell 8.2% following the announcement, while the proceeds could more than double the $3.1 billion currently held in Solana treasuries. DeFi Development Corp. also registered…
We’re excited to announce our partnership with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and a stablecoin market leader. We have long been one of the leading providers of stablecoin liquidity globally, preferred by our clients for the depth and breadth of our stablecoin markets. Building on this…
In brief Coinbase has filed a letter with the DOJ urging federal preemption of state crypto laws, citing Oregon’s securities suit, New York’s ETH stance, and staking bans. Chief Legal Officer Paul Grewal called state actions “government run amok,” warning that patchwork enforcement “slows innovation and harms consumers.” A legal expert told Decrypt that states…
In brief Quantexa designed an AML solution for mid-size and community banks. It can help them identify crypto-powered crime, according to Quantexa’s Christopher Bagnall. Stablecoin legislation is expected to unlock new competitors. Quantexa, a data and analytics software firm, introduced a product on Wednesday that’s intended to help smaller financial institutions fight crypto-powered crime in…
In brief The Chiliz Group has acquired a controlling stake in OG Esports, a prominent competitive gaming organization. OG Esports unveiled its own fan token on Chiliz’s Socios.com platform back in 2020. It recently hit an all-time high price. Chiliz has teased various future team-related benefits for OG token holders, along with a new Web3-related…
In brief President Trump sued the New York Times for $15 billion, claiming its 2024 reporting hurt his meme coin project and other business interests. The lawsuit alleges multiple news articles and a book damaged the project’s value, though the meme coin launched months later in January 2025. Trump’s token hit a $73 billion valuation…
In brief A growing number of Bitcoin treasury firms are trading at discount to their holdings. Some are likely to fade away or become acquired, per TD Cowen. The investment bank thinks others will still outperform Bitcoin. Some Bitcoin treasury firms are losing their luster as share prices sag below a key threshold, TD Cowen…
