Everything web3, crypto, defi, degen
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…
Publicly traded cloud infrastructure firm Cloudflare—which powers a significant chunk of internet traffic—is launching a U.S. dollar-backed stablecoin, the NET Dollar, to help propel the future of AI-driven finance on the internet, the firm announced on Thursday. Like other stablecoins, Cloudflare’s version will offer near-instant transactions globally. The firm also highlighted its use in rewarding creators…
In brief Kraken surveyed 1,000 crypto users in the U.S. Of the survey respondents, 79% said they would pay higher fees on an exchange they trust. Still, most users had accounts at multiple exchanges. In an industry that prides itself on decentralization, a recent survey conducted by crypto exchange Kraken found that Americans are placing…
In brief The Ohio State Board of Deposit unanimously approved a vendor on Wednesday to process cryptocurrency payments for state fees and services. Secretary of State Frank LaRose said he’s “excited and ready to be the first to provide it to our customers.” The decision follows a broader Ohio crypto legislation push, including proposed Bitcoin…
In brief North Korean hackers compromised Web3 gaming incubator Seedify’s cross-chain bridge, draining $1.2 million across BNB Chain networks. The attack exploited a developer’s private key to mint unauthorized SFUND tokens through an audited bridge contract that should have prevented such minting. Blockchain sleuth ZachXbt linked the theft addresses to past North Korean “Contagious Interview”…
In brief Kraken co-CEO Arjun Sethi announced $1 million donation to the Digital Freedom Fund PAC and increased the commitment to America First Digital to $1 million. Arjun Sethi said crypto embodies “the right to self-determination” and warned of “attempts to criminalize infrastructure.” Winklevoss twins previously donated over $21 million in Bitcoin to launch the…
In brief Bitcoin futures open interest dropped $1.25 billion to $80.8 billion over recent days, which analysts view as a healthy market reset that purged excessive leverage rather than a bearish warning. The drawdown is considered a temporary cooldown following volatility peaks and large liquidations, with Bitcoin maintaining key support around $112,000. Future market direction…
In brief Ethereum founder Vitalik Buterin praised Coinbase’s L2 network Base for “doing things the right way” by balancing centralized UX improvements with Ethereum’s decentralized security. Base has grown to hold $15 billion in assets since debuting in August 2023, though it peaked above $16 billion earlier this year. Critics argue Base’s centralized aspects could…
In brief Asian session’s 46% cumulative returns over the past year tower over the U.S. 31% and the EU’s 29%. While the Asian session may temporarily knock back U.S. and EU institutions, it won’t be enough to kickstart the second half of the bull run. Liquidity, leverage, and macroeconomic conditions will determine how long this…
In brief The $100 million facility has been secured by CleanSpark’s Bitcoin holdings. Executives said the strategy helps fund growth without equity dilution. Rising difficulty, low fees, and tariffs have added pressure to mining margins. Bitcoin miner CleanSpark said Monday it has secured a new $100 million credit line from Coinbase Prime, extending its existing…
