Everything web3, crypto, defi, degen
In brief Western Union said on Wednesday that the publicly announced new coin would be called USDPT. The WUUSD trademark application is being reviewed by the U.S. Patent and Trademark Office. The payments giant has said it plans to introduce a “digital asset network.” Western Union has applied to trademark the name “WUUSD” shortly after…
In brief KitKat, a beloved San Francisco bodega cat, has died after allegedly being hit by a Waymo self-driving taxi. Crypto degens have launched and are trading a range of KitKat-themed tokens in response. Those mourning the furry friend are calling for the city to reassess its relationship with self-driving cars, while meme coin traders…
In brief Drake faces a class-action lawsuit accusing him and Adin Ross of promoting Stake.us, an allegedly illegal gambling site posing as a “social casino.” The suit says Stake used digital “Gold Coins” to mask real-money betting and that Drake’s promotions targeted young fans. In a potential departure from past celebrity crypto cases, plaintiffs argue…
In brief Bitcoin dropped Thursday, bringing Ethereum, Solana, and other major coins and tokens with it. The sell-off comes as traders digest news that the Federal Reserve may not cut interest rates further this year, and that President Trump’s meeting with Chinese leader Xi Jinping may not have been that fruitful. Bitcoin touched an all-time…
In brief SpaceX made another Bitcoin transfer on Wednesday, per on-chain data from Arkham. Elon Musk’s company has not yet commented on its recent flurry of Bitcoin transfers. The company holds $894 million worth of Bitcoin, making it the fourth-largest among private corporate BTC treasuries. SpaceX, the privately held aerospace company led by tech billionaire…
In brief Dare Market brands itself as the “most unhinged platform on the internet,” as it creates a place for people to be paid to do goofy stunts. However, Dare Market says it won’t allow dangerous content on the site due to its strict moderation policy. The project raised a $2 million pre-seed round led…
In brief Key metrics such as ETF flows, Coinbase Premium, and the CME basis signal a decline in U.S. institutional demand for Ethereum. Experts cite a closed Grayscale arbitrage window and a broader macro risk reassessment as primary causes. The long-term outlook remains bullish, contingent on Ethereum’s utility and real-world asset adoption. Demand for Ethereum…
In brief IBM researchers entangled 120 qubits, setting a new benchmark for quantum computing. The GHZ “cat state” achieved fidelity of 0.56, proving full multi-qubit entanglement. Direct Fidelity Estimation confirmed results, offering scalable quantum verification. IBM’s latest quantum breakthrough has edged the crypto world a little closer to its nightmare scenario—a computer capable of breaking…
In brief 21Shares wants to list a Hyperliquid exchange-traded fund. HYPE, the native coin of decentralized exchange Hyperliquid, is the 16th biggest cryptocurrency by market cap. The SEC is weighing ETF applications tracking different altcoins, and combinations of tokens. Exchange-traded fund issuer 21Shares has applied for an exchange-traded fund tracking the token of the Hyperliquid…
In brief Kraken’s parent company, Payward, topped the list of spenders from the crypto industry. Payward spent between $323,000 and $430,000 in 2024. The EU’s Markets in Crypto-Assets Regulation went fully into effect on December 30, 2024. Crypto exchanges spent millions lobbying the European Union in 2024, based on publicly available data, with many of…
