Everything web3, crypto, defi, degen
In brief Figma stock dropped nearly 20% to $54.56 on Thursday after its first quarterly earnings since going public. Ark Invest Tracker data showed more than 100,000 shares added to ARKW, though the disclosure has not yet been confirmed in ARK’s public filings ARK’s purchase is a “textbook” Cathie Wood move, Decrypt was told. Ark…
In brief Figma shares fell nearly 20% Thursday to $54.56, down from a high of $122 in early August. Q2 revenue rose 41% to $249.6 million, slightly beating expectations, with 2025 adjusted operating income forecast at $88–$98 million. The firm disclosed $91 million in Bitcoin holdings but its CEO stressed it is “a design company,”…
In brief Stripe and Paradigm are building a layer-1 blockchain built specifically for stablecoins and payments. Tempo is being built with major design partners like OpenAI, Shopify, and Visa. The blockchain will allow transaction fee payments in any stablecoin and have advanced privacy features. Tempo, a layer-1 blockchain built specifically for stablecoins and payments, was…
In brief The draft legislation attempts to close loopholes and updates rules for evolving risks. The new change-in-control threshold for crypto firms would be lowered to 10%. A consultation will be open until September 30, with regulations to be put before Parliament in early 2026. The UK’s HM Treasury released a draft of proposed changes…
In brief The SEC unveiled a new rulemaking agenda proposing major rollbacks of crypto asset regulation, with nearly half of 20 new rules focused on digital assets. Planned reforms include creating rules for crypto asset issuance and trading, redefining key terms like “dealer,” and allowing crypto on U.S. securities exchanges. SEC Chair Paul Atkins said…
In brief Coinbase CEO Brian Armstrong wants half of all code at the exchange to be AI-generated by October. AI already accounts for 40% of daily code at Coinbase, reflecting a wider industry embrace of AI coding assistants. The surge in AI-assisted coding contrasts with the “vibe coding” trend, where developers lean on AI for…
In brief CFTC Commissioner Kristin Johnson warned Wednesday that prediction markets have “too few guardrails” while capturing unprecedented retail funds. Her farewell speech coincided with the CFTC approving Polymarket’s U.S. return through its $112 million QCX acquisition. Johnson criticized firms that “rent or buy” licenses to quickly pivot to prediction market contracts after obtaining regulatory…
In brief CalPERS candidates were split on crypto investments, ranging from outright rejection to cautious consideration. The fund holds 410,596 MicroStrategy shares valued at $165.9 million, creating substantial indirect Bitcoin exposure. One challenger wouldn’t “close the door entirely” on crypto, while another called blockchain technology “promising” California state pension fund CalPERS recorded mixed reactions from…
In brief The conference will examine stablecoins, tokenized assets, AI for payments, and DeFi. Governor Christopher Waller said innovation has been “a constant” in meeting consumer and business needs. The event adds to a packed Q4 policy calendar alongside other initiatives from the SEC, CFTC, BIS, and MAS. The Federal Reserve Board announced Wednesday it…
In brief Protage Biotech is rebranding as AlphaTON Capital and developing a new digital asset treasury focused on Toncoin (TON). The biotech firm will keep its existing business, but build its treasury starting with $100 million in TON. Shares were up earlier before finishing slightly down. The firm will adopt the ATON ticker starting Thursday.…
