Everything web3, crypto, defi, degen
In brief Investors have dropped a class-action lawsuit against Bitcoin giant Strategy, which accused the company of misleading shareholders about how new accounting rules would affect its profitability. The case centered on Strategy’s switch to fair value accounting, which let it mark Bitcoin’s price swings on its balance sheet. Critics said the firm overstated how…
In brief A hacking syndicate allegedly stole $28.1 million (₩39 billion) from financial and crypto accounts of 258 wealthy Koreans, including celebrities and top business executives. The largest single crypto theft reached $15.4 million (₩21.3 billion), though authorities haven’t specified what portion of the total losses was in crypto. The case exposes systematic vulnerabilities in…
In brief Luxxfolio is transitioning from Bitcoin mining to a digital asset treasury strategy centered on Litecoin, paired with infrastructure plans. It comes as the firm posted zero revenue and a net loss of $197,000 in Q2, with just $112,000 in cash and cumulative losses nearing $19 million. Litecoin treasuries may attract institutions if tied…
In brief American Bitcoin is reportedly eyeing a Nasdaq debut in September. The firm is 80% owned by Bitcoin miner Hut 8. American Bitcoin owned 215 Bitcoin in June. American Bitcoin, a Bitcoin miner that’s partially owned by two of U.S. President Donald Trump’s sons, is inching closer to its public debut, targeting September for…
In brief Altcoin Season Index data suggests market rotation as Bitcoin dominance drops. Ethereum continues to build momentum while Bitcoin’s appears to stall. But one altcoin stood above the rest today: Crypto.com’s Cronos, or CRO. Here’s why Grab your umbrellas crypto traders, it looks like altcoin season might be here again.Altcoin season refers to periods…
In brief Stablecoin fintech Rain has raised $58 million. The Visa-backed company, which issues cards, has raised a total of $88.5 million from big backers like Sapphire Ventures, Dragonfly, Galaxy Ventures, and Samsung Next. Stablecoins are a hot topic since President Donald Trump signed the GENIUS Act. Stablecoin-backed card company Rain, which partnered with Visa…
In brief Caliber, a publicly traded real estate asset management firm, is starting a Chainlink treasury. The firm will use cash reserves and existing access to capital to acquire LINK. CWD shares jumped nearly 60% on Thursday as the price of LINK itself rose 2.5%. Caliber, a publicly traded real estate asset management company, saw…
In brief M0 raised $40 million in Series B funding. The firm separates stablecoin reserve management from programmability. M0 is supporting the debut of MetaMask’s mUSD stablecoin. Switzerland-based stablecoin platform M0 raised $40 million in Series B funding, as it seeks to shake up the relationship between token issuers and blockchain developers, according to a…
In brief The Solana Policy Institute pledged $500,000 to fund legal defenses of Tornado Cash developers Roman Storm and Alexey Pertsev, who were convicted of money laundering-related crimes. The group argued that prosecuting developers for building neutral software tools creates a chilling precedent and threatens innovation, even as the Trump DOJ signaled it may stop…
In brief Webull has launched crypto trading for Australian users, with access to 240 digital assets and a 30 basis point spread through Coinbase Prime. Experts say Australian exchanges charge double the spreads of international peers for major cryptocurrencies like Bitcoin and Ethereum. The launch follows Webull’s Monday announcement of resuming U.S. crypto trading after…
