Everything web3, crypto, defi, degen
In brief Stablecoin network Plasma has meme coins now after entering “mainnet beta” last week. The Trillions token hit a $60 million market cap on Sunday, before falling sharply. It references a meme at the foundation of the Plasma thesis, predicting the total stablecoin market cap to be in the trillions of dollars. A meme…
In brief Over $800 million was pulled out of crypto ETFs worldwide last week, CoinShares said Monday. Most of that came from investors pulling funds out of Bitcoin funds as the leading coin’s price fell. But Solana and XRP funds attracted inflows, bucking the trend from BTC and ETH funds. Investors pulled money out of…
In brief The meme coin trenches have seen a drop in trading volume with the rise of perpetual futures decentralized exchanges, such as Aster. Data shows grass roots meme coins hitting a six-month low, while perp DEXs spike in volume. However, seasoned veterans aren’t too concerned as they believe that meme coins are “cyclical” and…
In brief Telegram founder Pavel Durov said French intelligence sought the removal of opposition channels ahead of Moldova’s 2024 election. His allegations come as Moldova’s pro-European party leads in a new parliamentary vote marked by claims of Russian interference. The dispute underscores rising state pressure on digital privacy platforms, from messaging apps to crypto networks.…
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…
Decentralized perpetual futures exchange Hyperliquid has gone from being a market maker to one of the biggest crypto projects in the world.Hyperliquid has processed trillions of dollars in volume in its lifespan and is now the third-largest decentralized exchange in crypto—trailing only industry veterans PancakeSwap and Uniswap.It has been the talk of the town in…
In brief A crypto project called POIDH uses tokens to incentivize real-word behavior. It is currently offering 10 million DEGEN tokens to beat a specific Guinness World Record. The current titleholder has expressed an interest, but so have others. As countless crypto projects work tirelessly to reshape Wall Street, a relatively novel one is focused…
In brief A meme coin modeled on Baby Shark’s creator collapsed. Pinkfong said the token created using Story Protocol was unaffiliated. Story Protocol deleted posts, but sleuth ZachXBT saved some receipts. A meme coin touting Pinkfong’s name collapsed on Thursday after the entertainment company behind YouTube hit Baby Shark said that it was unaffiliated with…
In brief Predictors on Myriad now think Bitcoin will hit $105,000 before $125,000. Odds have flipped more than 20% in the last two days, as BTC continues its weekly slide. The asset now sits only about 4% above the $105,000 mark. The recent weakness in Bitcoin’s price has predictors on Myriad feeling bearish about the…
In brief Two brothers have been charged with kidnapping after allegedly holding a family hostage in a plot to steal $8 million in crypto. The brothers allegedly forced their way into the family’s home at gun point. The local school district canceled a homecoming football game as police searched for the brothers. U.S. federal prosecutors…
