Everything web3, crypto, defi, degen
In brief CryptoPunks have led a resurgence in NFT trading volume, with activity concentrated on a dedicated marketplace for the iconic collection of profile pictures. On Solana, Mad Lads NFTs have recently jumped in floor price too. Although the rebound has generated buzz, the activity has been less pronounced than a burst of trading volume…
Western Union has become the latest financial giant to signal interest in stablecoins, as competition heats up in the global remittance market and regulatory clarity improves.Speaking to Bloomberg on Tuesday, CEO Devin McGranahan said the firm saw three opportunities for stablecoin use around faster cross-border payments, better fiat conversion options in harder-to-reach markets, and offering…
In brief Thousands of Ring users reported suspicious May 28 logins, raising fears of a widespread hack. Amazon said the issue was caused by a backend bug that incorrectly displayed login dates and device names. Users remain skeptical, especially as Ring recently reintroduced law enforcement access through a new Axon partnership. Amazon’s Ring cameras went…
In brief Roman Storm’s lawyers said Monday they may file a motion for a mistrial, due to alleged holes in the prosecution’s case against their client. The U.S. government has so far failed to prove that Tornado Cash was used in some of the cybercrimes recounted by their witnesses at trial, according to Storm’s lawyers.…
In brief Pump.fun boasts some of the most impressive numbers in the entire crypto industry, growing faster than any crypto app before it. It recently raised $600 million in an ICO, but it’s PUMP token is now close to falling below its ICO price. As competitors rise and Pump.fun’s revenue slows, can the Solana meme…
In brief Software firm Strategy has a new financial product called Stretch (STRC). STRC will be different in structure than previous STRK, STRF, and STRD offerings, the firm says. Strategy—formerly MicroStrategy—is doing everything it can to raise money to buy more Bitcoin. Bitcoin treasury firm Strategy has announced yet another new stock product to help…
In brief Robinhood CEO Vlad Tenev acknowledged that the company’s recent issuance of tokenized OpenAI stock garnered controversy, but nonetheless called the experiment a “big milestone.” OpenAI denounced the initiative, which it did not authorize, earlier this month. The tokenized stock let holders track the private company’s price, but did not offer OpenAI equity or…
In brief Bitcoin mining infrastructure firm Bit Origin acquired around $10 million in Dogecoin (DOGE). The firm announced a raise of up to $500 million last week to fund its meme coin treasury. Bit Origin shares are up 386% from their July starting point. Publicly traded Bitcoin mining infrastructure firm Bit Origin purchased around $10…
In brief Polymarket acquired derivatives exchange QCX for $112 million, the prediction market startup announced Monday. The company is trying to re-enter the U.S., founder and CEO Shayne Coplan said. In June, X tapped Polymarket as its official prediction platform. Polymarket acquired the derivatives exchange QCX alongside efforts to return to the U.S., the crypto-powered…
In brief The Ether Machine is debuting on the Nasdaq with a $1.5 billion stash of Ethereum. The company plans to leverage staking and decentralized finance. At 400,000 Ethereum, the company’s holdings would be the largest among entities that have joined a so-called Strategic Ethereum Reserve. Another firm dedicated to generating Ethereum is making its…
