Everything web3, crypto, defi, degen
In brief Ethereum NFT collection Doodles collaborated with Kellogg’s to put its characters on Froot Loops boxes. The brand sold out 500 custom boxes priced at $50 apiece in just a few hours. It previously collaborated with McDonald’s on holiday coffee cups, along with other brand team-ups. Ethereum NFT collection Doodles commenced its collaboration with…
In brief Privacy coin Zcash is rallying after hitting a three-year high. A number of prominent observers in the crypto and Silicon Valley space have discussed the coin’s potential lately. Zcash remains down by over 95% from its 2016 record. Privacy coin Zcash has been the best performing digital asset over the past 24 hours…
In brief House Republicans have informed current SEC Chair Paul Atkins that they’re investigating the loss of nearly a year of text messages from former Chair Gary Gensler’s smartphone. Last month, the Office of the Inspector General report found IT staff failures and poor policies led to the permanent deletion of messages from October 2022…
In brief The SEC will not take enforcement actions against advisors and other entities for using state-chartered as crypto custodians. This letter could lead to a potential opening for a greater number of organizations to serve as custodians for digital assets. In July, Chair Paul Adkins unveiled “Project Crypto, an SEC initiative to dramatically lower regulatory…
In brief The SEC issued a “no action” letter to Solana-based project, DoubleZero The regulator indicated that its 2Z token does not resemble a security. The token is set to debut on Friday alongside its mainnet launch. The U.S. Securities and Exchange Commission issued a “no action” letter to DoubleZero on Monday, effectively blessing the…
In brief Bakkt’s share price was up about 17% on Tuesday. Benchmark raised its price target to $40, highlighting three areas for potential growth. The investment bank called the stock’s recent rally “a validation” of moves Bakkt CEO Akshay Naheta has made. Bakkt Holdings stock price jumped 17% on Tuesday, adding to its recent rally…
In brief Starknet began letting users stake Bitcoin on Tuesday. The network pays out rewards in Starknet’s STRK. The Starknet Foundation is distributing 100 million in STRK incentives. Bitcoin became a core part of Starknet’s ecosystem on Tuesday, as the Ethereum layer-2 network began using the asset as a way to secure itself, according to…
In brief New York Department of Financial Services Superintendent Adrienne Harris is leaving her position in October. Under her tenure, NYDFS became the first American regulatory body to provide guidance on stablecoins. Kaitlin Aslow, who is at the NYDFS now, will take over as superintendent after serving at the Federal Reserve and the Financial Health…
With Dogecoin making a comeback late last year and early into 2025, some may be pondering: Where did the asset come from? What’s it for? And what’s Tesla CEO Elon Musk got to do with it? The original meme coin’s boom largely has the world’s richest man to thank. Musk’s obsession with shitposting helped boost the…
In brief Record-setting $18 billion Bitcoin options expiry today may create delayed volatility in 24-72 hours, according to Bitfinex analysts. Myriad prediction market users lean bearish at 51% expecting more red candles over the weekend after a rough trading week. October shows $78.9 billion in Bitcoin options open interest with heavy concentration of calls between…
