Everything web3, crypto, defi, degen
In brief Coinbase says U.S. AML laws are “broken” and wants Treasury to adopt AI, APIs, and zero-knowledge proofs to modernize compliance. The exchange proposes safe harbors for AI use and recognition of decentralized IDs to reduce costly, privacy-risky KYC duplication. Coin Center warns traditional AML on stablecoins could create a “CBDC-style panopticon” as Treasury…
In brief Governments are balancing modernization against monetary control, testing how far private stablecoin infrastructure can integrate into national systems. The region is moving from policymaking to real-world rollouts, with Japan’s banks leading institutional pilots and Singapore setting a regulatory benchmark. Competing models are emerging: bank-issued domestic coins, open but regulated innovation hubs, and conservative…
In brief Canaan closed up about 28% on Monday afternoon. Bitcoin miner CleanSpark became the latest firm to move into the world of AI data centers. CleanSpark’s stock rose 4.5% on the news that it was moving resources from minting Bitcoins to high-performance computing. Bitcoin mining company stocks rocketed up Monday as Bitcoin and other…
In brief Weekly prediction market volume reached a new record above $2 billion, with Polymarket reclaiming the lead over Kalshi after eight weeks of trailing in trading volume. Sports betting drove the highest volume at $414.7 million last week, outpacing political markets at $322.6 million despite growing election-related activity heading into November. Major funding rounds…
In brief A major outage at Amazon Web Services continued to disrupt key crypto platforms on Monday afternoon, including Coinbase, Base, and OpenSea, with issues hitting East Coast users especially hard. The downtime even impacted decentralized apps like MetaMask, which use third-party, AWS-dependent services to fetch blockchain data for users. While the disruptions highlighted crypto’s…
In brief Coinbase is ending the waitlist for its Coinbase One Card, making it available to hundreds of thousands of American users. The card provides up to 4% BTC back in rewards based on how much crypto the user holds on Coinbase. The card is exclusively available to subscribers to Coinbase’s Coinbase One service. Coinbase…
Top crypto trading platforms Coinbase and Robinhood went offline for hours Monday, with the companies citing an Amazon Web Services (AWS) outage as the cause of the mayhem. Users across the world panicked as their crypto funds became—at least temporarily—inaccessible. Users of both apps reported an inability not only to buy or sell tokens on Monday,…
In brief BlackRock’s iShares Bitcoin ETP is now available to UK retail investors on the London Stock Exchange, backed by bitcoin held through Coinbase custody. BlackRock’s U.S. Bitcoin ETF became the firm’s most profitable fund in just 21 months, though it fell short of the $100 billion milestone amid last week’s market crash. BlackRock CEO…
In brief World Liberty Financial is an Ethereum-based DeFi project co-founded by U.S. President Donald Trump and his sons. The platform, which aims to “keep the dollar digital” and provide “loans for institutions and everyday users,” has launched a stablecoin called USD1. The Trump family’s involvement in World Liberty Financial and other crypto projects has…
In brief Bitcoin dropped early Friday amid uncertainty over Trump’s proposed China tariffs, with analysts watching the critical $103,000 support level. Short-term holders who bought around $113,000 are selling, while the “Coinbase premium” has turned negative, signaling weakened U.S. demand. Broader market pressure from U.S. banking concerns and $1.2 billion in liquidations over 24 hours…
