Everything web3, crypto, defi, degen
In brief Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins. SBI VC Trade, the first firm licensed as an Electronic Payment Instruments Exchange Service Provider, already handles USDC and will now add RLUSD. Japan has a structured and bank-friendly crypto regime, while its local players…
In brief The DOJ announced it will no longer charge decentralized software developers under the same law used to convict Tornado Cash co-founder Roman Storm earlier this month. DOJ official Matthew Galeotti clarified that prosecutors will avoid such charges when software is truly decentralized and non-custodial, though other charges could still apply if criminal intent…
In brief Ripple’s shares trade at a discount to its XRP holdings VivoPower is trying to buy them for discounted XRP exposure. The shares aren’t owned by Ripple itself, a person familiar with the matter said. Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect…
In brief London-listed web design and marketing firm The Smarter Web Company has appointed Jesse Myers to steer its Bitcoin strategy. Myers, author of the “Once-in-a-Species” newsletter, created a valuation model that inspired the Bitcoin 24 framework that Michael Saylor employed at Strategy. Smarter Web plans to hold reserves in both cash and Bitcoin, in…
In brief Executives from stablecoin issuers Circle and Tether are set to meet with top figures in some of South Korea’s biggest financial groups this week, according to reports in local media. The discussions will reportedly revolve around the potential distribution and use of dollar-pegged stablecoins in South Korea, as well as the issuance of…
In brief Nasdaq-listed Bitdeer posted earnings this week—with slimming profits but increased revenue. The miner is laser-focused on its expansion. But it won’t be pivoting to a treasury strategy yet. Bitcoin mining has faced challenging times as costs rise, rewards fall and the macroeconomic environment grows more uncertain, but Nasdaq-listed Bitdeer (BTDR) told Decrypt that…
In brief Crypto equities have largely underperformed Bitcoin and Ethereum over the past month. Top stocks like MSTR and COIN rebounded Wednesday after starting the day in the red. Recent crypto IPOs and digital asset treasuries have been red over the last week too. Shares in leading publicly traded crypto companies and digital asset treasuries…
In brief The U.S. Treasury is seeking public comment on innovative technologies like AI, blockchain monitoring, and digital ID verification to detect illicit cryptocurrency use, with responses due October 17. Industry experts believe privacy and compliance can be balanced through zero-knowledge proofs and reusable KYC credentials that verify users without exposing personal data. The Treasury…
We’re excited to announce the acquisition of the assets and technology of Capitalise.ai, an Israel-based pioneer of no-code, natural-language trading automation. Founded in 2015, Capitalise.ai developed a natural-language platform that transforms everyday text into executable trading strategies. Its proprietary language model and big data infrastructure can ingest real-time and historical data across equities, crypto, FX,…
In brief Bitcoin ETFs recorded $645 million in outflows across two days, with Fidelity’s FBTC leading redemptions Tuesday at $246.9 million. Analysts attributed the outflows to investors de-risking ahead of Fed Chair Powell’s Jackson Hole speech. The selloff reverses a $4.7 billion inflow streak from mid-July to early August, though analysts characterize the movement as…
