Everything web3, crypto, defi, degen
In brief New York lawmakers have introduced a bill aiming to tax Bitcoin miners. Democratic Senator Liz Krueger and Assemblymember Anna Kelles argue that mining operations use too much electricity. If passed, the money would be passed to lower income households in the state. New York lawmakers are trying to tax Bitcoin miners, citing excessive…
In brief Ethereum NFT project Moonbirds revealed plans to launch a Solana token, BIRB. The IP has seen a resurgence of activity and interest after being acquired by Orange Cap Games earlier this year. The original Moonbirds NFTs have surged in price in recent months, and again on Thursday. Recently resurgent Ethereum NFT project Moonbirds…
In brief U.S. spot Bitcoin ETFs saw inflows of $675.8 million Wednesday, their highest level since September 12. Bitcoin’s upward price momentum continued through Thursday morning, with the price of BTC topping $119,000 Analysts linked increased Bitcoin ETF inflows over the past week to predictions of looming U.S. interest rate cuts, among other “macro and…
In brief Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve. Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.” The U.S. and other nations have already explored or held strategic Bitcoin reserves. Two members of the…
In brief Litecoin surged 10% to $118, while Stellar gained 9% to $0.40. Short liquidations topped $480 million in 24 hours, as sentiment flips sentiment from fear to greed. Traders are rotating into older coins with Bitcoin rising more than 8% since September 28. The “Uptober” effect is in full swing. Kicking off what has historically…
In brief The market cap of top Bitcoin miners is soaring. Last month, the top public Bitcoin miners tracked by JP Morgan passed the $50 billion mark. The surge comes as companies in the space pivot to high-powered computing. The market cap of Bitcoin miners soared in September as firms in the space benefited from…
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 Addicted is a Solana-based cannabis farming simulator that pays users in WEED tokens. Players have taken to social media to brag about their crypto earnings as the price of WEED surges. However, the play-to-earn format has drawn claims that Addicted is a “Ponzi game.” Addicted, a Solana-powered cannabis farming simulator described as “unhinged”…
In brief Gabriel Haines often posts shirtless rants about crypto on X. He has raised money to film a pilot for a dark comedy based on industry happenings. The protagonist of “The Max Extractor” is loosely inspired by Libra co-creator, Hayden Davis. When a meme coin crisis befell Argentine President Javier Milei in February, Gabriel…
In brief The pseudonymous Buzzlamic Jihad has joined Aptos as an advisor, after months of memes he posted on social media helped pump the token in February. Buzz told Decrypt he wants to fix Aptos’ image problem and position it as a premium stablecoin network. He also plans to leverage his long-time relationship with the…
