Everything web3, crypto, defi, degen
In brief Kevin Spacey has returned to directing with “Holiguards Saga—The Portal of Force,” a sci-fi film written by Russian entrepreneur Vladimir “Lado” Okhotnikov. Okhotnikov, co-founder of Ethereum DeFi app Forsage, faces U.S. fraud charges tied to an alleged $300 million crypto Ponzi scheme. The film, which is inspired by Okhotnikov’s libertarian principles, is the…
In brief Coinbase unveiled a hybrid index called Mag7 + Crypto Equity Index Futures. The futures index tracks Coinbase shares, “Magnificent 7” tech stocks, and Bitcoin and Ethereum ETFs. The product will be available through “partner platforms,” Coinbase said. Coinbase is debuting futures in the U.S. that will simultaneously give traders exposure to cryptocurrencies and…
In brief BitMine Immersion Technologies recently purchased 153,000 Ethereum. It now owns roughly 1.5% of the asset’s supply, with its stash valued above $8 billion. Ethereum is having a “1971 moment,” Tom Lee said. BitMine Immersion Technologies recently purchased 153,000 Ethereum, taking a $655 million step toward its goal of owning 5% of the asset’s…
In brief Gemini plans to raise up to $317 million in its IPO at a valuation of roughly $2.3 billion, with shares expected to price between $17 and $19 and trade under the ticker GEMI. The offering follows blockbuster crypto listings from Circle and Bullish, whose valuations soared after their debuts. Co-founders Cameron and Tyler…
In brief Strategy purchased $450 million worth of Bitcoin. A self-imposed restraint triggered a “chain reaction,” Benchmark analysts said. The firm could be tapped in the S&P 500’s next rebalancing. Strategy recently purchased 4,000 Bitcoin worth $450 million, raising funds for its latest acquisition mostly by issuing common shares, according to a press release.The Tysons…
We’re excited to announce the next major step in the rapid growth of xStocks, the industry’s gold standard for tokenized equities. In partnership with Backed, Kraken is bringing xStocks to the Ethereum blockchain, unlocking a new wave of opportunities for tokenized stocks and ETFs to be integrated across the world’s most widely adopted smart contract…
In brief Japanese crypto exchange Coincheck plans to acquire French digital asset prime brokerage Aplo. Aplo’s founders will remain with the firm and continue expansion under Coincheck’s umbrella. The deal marks Coincheck’s latest effort to broaden institutional and retail offerings abroad. Coincheck, one of Japan’s largest cryptocurrency exchanges, said Tuesday it plans to acquire French…
In brief The tokenized assets market is now worth about $600 billion globally. Europe leads in fixed-income issuance, accounting for more than half of 2024’s total. But regulators are trying to strike a balance between innovation and investor protection. The European Union’s top markets regulator is calling for a balance between financial innovation and investor…
In brief President Trump and his family saw their net worth surge by almost $6 billion after trading began for WLFI. The family collectively owns 22.5 billion WLFI tokens, now valued at nearly $6 billion, though the tokens remain locked under a vesting schedule that has not yet been determined. WLFI’s market debut gave the…
In brief Metaplanet shareholders reportedly approved an $884 million overseas share sale, according to Reuters. The Tokyo meeting authorized preferred stock issuance potentially worth $3.8 billion, with Eric Trump attending as strategic adviser. The firm’s stock-dependent “flywheel” financing mechanism has “slowed” after both Metaplanet’s stock and Bitcoin slumped in price. Metaplanet Inc. shareholders reportedly approved…
