Everything web3, crypto, defi, degen
In brief Strategy Michael Saylor appeared to endorse Bitcoin Knots on X on Wednesday. The CEO of a prominent firm doubts that was Saylor’s intention. Saylor has acknowledged the debate surrounding OP_RETURN elsewhere. When Michael Saylor speaks, Bitcoiners often listen. But on Thursday, they couldn’t seem to agree on whether Strategy’s co-founder and executive chairman…
In brief Liquidations topped $1.1 billion, most of the them long positions. Bitcoin was down 3.6% over the past 24 hours and nearly 7% for the week. Glassnode said that crypto markets were showing “signs of exhaustion.” Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period topping…
Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period closing in on $1 billion. Bitcoin, the leading cryptocurrency, was recently down by nearly 4%, trading for under $109,700, CoinGecko data shows. While Ethereum, the second biggest digital coin, dropped further—by 7.5%—and was trading for $3,879 Thursday afternoon New York…
In brief A Circle executive said the company is considering whether to enable reversible USDC transactions. The move would potentially boost the usefulness of stablecoins by traditional finance players. However, it also goes against the crypto ethos of immutability. Publicly traded stablecoin issuer Circle is exploring the possibility of reversible transactions involving its dollar-backed stablecoin,…
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 Google is backstopping a deal between AI compute company Fluidstack and Bitcoin miner Cipher. The deal will give Google the right to buy a 5.4% stake in Cipher. This isn’t the first time Google has invested in the Bitcoin mining space. Google is diving deeper into the Bitcoin mining world after backing a…
In brief $442 million worth of crypto liquidations have been recorded over the past 24 hours, most which were long positions. It comes as the majority of the crypto market is in the red, with major coins including Bitcoin, Ethereum, and Solana down on the day. Only four non-stablecoins are in the green over the…
In brief GSR Digital Asset Treasury Companies ETF will invest at least 80% of its assets in firms that hold cryptocurrencies in their corporate treasuries. The market maker’s registration statement to the SEC included proposals for four other funds that would focus primarily on Ethereum and staking. London-based GSR recently opened a U.S. asset management…
In brief Ransomware group Rhysida reportedly stole sensitive data and personal information from the Maryland Department of Transportation. The collective is now auctioning off the contents for 30 BTC, or about $3.4 million worth. Ransomware payments were down 35% in 2024, but still amounted to $813 million in total. Sensitive data swiped during a cybersecurity…
In brief Aster is the flavor of the week for crypto degens, up a staggering 2,180% in just seven days. The Aster token today surged another 19% to $2.35, breaking above key resistance levels with strong volume. How high will Aster go? Technical indicators and prediction market data show mixed signals. After a choppy start…
