Everything web3, crypto, defi, degen
In brief Dutch and U.S. authorities shut down VerifTools, a major fake ID marketplace that generated $6.4 million selling counterfeit documents for as little as $9 in crypto. The operation seized 23 servers from one of the largest international providers of fraudulent identity documents. Modern fake IDs use sophisticated technology like holograms and UV ink,…
In brief Bitcoin has dropped 3.77% on average each September since 2013, with eight monthly crashes in 11 years. Seasonal pressures—from fund rebalancing to Fed policy jitters—fuel risk-off sentiment that spills over from stocks into crypto. This year’s setup adds war, sticky inflation, and Fed uncertainty, making $105K the line in the sand for traders.…
In brief A Bitcoin whale connected to wallets holding $5 billion in BTC is dumping some holdings for Ethereum. The holder deposited at least 2,000 BTC on Hyperliquid, selling it in batches for ETH. Other Bitcoin whales have played a similar trade of late as ETH rose to a new all-time high price. A major…
In brief The SEC is mulling 90 applications for crypto ETFs, many focused on XRP, Solana, and other top altcoins. Many of the funds are expected to be approved this year, according to industry experts. Some will likely be shuttered due to lackluster inflows, a crypto startup CEO told Decrypt. There is a growing stack…
In brief Eric Trump told the Bitcoin Asia conference that Bitcoin marks the first time finance has “no disparity” between socioeconomic classes. Trump also spoke of sovereign wealth funds, Fortune 500 companies, and nation states driving adoption. His remarks highlight a tension between Bitcoin’s populist narrative and elite accumulation, observers told Decrypt. Speaking at the…
In brief Bitcoin dropped on Friday, bringing Ethereum and other major coins and tokens with it. Cryptocurrency prices dropped on hot inflation data, with stocks also dipping on Friday. September is typically a bad month for crypto, though Bitcoin and Ethereum just recently hit new highs. Bitcoin dropped below the $109,000 mark on Friday—bringing other…
In brief Altcoin Season Index data suggests market rotation as Bitcoin dominance drops. Ethereum continues to build momentum while Bitcoin’s appears to stall. But one altcoin stood above the rest today: Crypto.com’s Cronos, or CRO. Here’s why Grab your umbrellas crypto traders, it looks like altcoin season might be here again.Altcoin season refers to periods…
In brief Stablecoin giant Tether is bringing USDT to the Bitcoin network. Users will be able to spend their stablecoins on Bitcoin’s network via the RGB protocol. Tether says it wants Bitcoin to be “everyday money.” Stablecoin giant Tether is pushing further into the Bitcoin ecosystem, announcing on Thursday that it would make its USDT…
In brief Trump Media announces $6.4B CRO treasury partnership with Crypto.com, sending CRO up 160% in two days to 3-year highs Bitcoin rises 1.5% to nearly $113,000 while Solana leads majors with 4% gains and DeFi TVL reclaims January ATH of $11.76B ETH ETFs see $307M inflows and meme coins remain stable with PUMP jumping…
In brief Solana’s daily DEX trader count has fallen to 900,000, down from 4.8 million earlier this year, Dune data shows. Retail traders are retreating amid meme coin scams, Instagram hijackings, and Ethereum’s rising dominance. Solana’s DEX volume share rebounded to 27% in August, though some warn its meme coin reliance may hinder growth. Retail…
