Everything web3, crypto, defi, degen
In brief Former RWA Company executive Max Glass filed suit claiming he was wrongfully terminated and pressured into relinquishing his rights as the company pursued stablecoin development opportunities without him. Glass alleges co-executives Gregory DiPrisco and Joseph Quintilian breached fiduciary duties by appropriating a stablecoin product, which later turned into M^0, for their own benefit.…
In brief T. Rowe Price has filed for a crypto ETF. If approved, the fund would hold mostly Bitcoin and Ethereum but other coins, too. The SEC is weighing more than 90 crypto fund proposals. Asset management giant T. Rowe Price on Wednesday applied for a mixed digital asset exchange-traded fund, according to a regulatory…
In brief Leading crypto executives met with Senate Democrats and Republicans on Wednesday, in sit-downs that exposed divisions over the path forward to passing a crypto market structure bill. Democrats were frustrated about numerous issues, including recent leaks of proposed bill language, while Republicans warned that if the bill doesn’t move forward soon, it could…
In brief Developer activity is rising again after a post-FTX slump, led by Ethereum, Solana, and zero-knowledge projects. Stablecoin transactions now top $9 trillion annually, showing steady real-world use. Andreessen Horowitz says U.S. regulation is “finally normalizing,” but warns volatility and fraud still threaten progress. The cryptocurrency industry is no longer a niche experiment, but…
In brief Robinhood signaled that it would list BNB on its platform. The Binance-linked token is valued at $149.5 billion. Coinbase signaled support for the token not long ago. Robinhood unveiled support for BNB on Wednesday, making the fourth largest cryptocurrency by market capitalization available to customers on its platform in the U.S.The announcement, which…
In brief Google’s Willow chip achieved a verified quantum speed-up confirmed by experiment. Verified results mark a step toward fault-tolerant quantum systems with real-world impact. Experts warn that such progress could eventually threaten Bitcoin’s elliptic-curve encryption. Google’s latest quantum processor has achieved what physicists have pursued for decades: a verified speed-up over the world’s best…
In brief Over the past week, investors been pulling money out of Bitcoin and Ethereum ETFs. But on Tuesday, they reversed course, putting a combined $618.9 million into the funds. Experts told Decrypt that crypto markets path forward remains uncertain. Investors piled back into Bitcoin ETFs and their Ethereum counterparts Tuesday, reversing days of outflows,…
In brief Wallets tied to alleged scammer Chen Zhi have moved about $1.7 billion in Bitcoin recently sanctioned by the U.S. Treasury, per Arkham Intelligence. The 15,959 BTC transfers appear tied to Chen’s Prince Holding Group, which prosecutors say ran a global crypto fraud and forced-labor network. Chen remains on the run, as investigators question…
In brief The Ethereum Foundation moved $610 million worth of ETH to a new wallet on Wednesday. The “routine” migration was to a new multi-signature wallet from Safe. The Foundation is deploying more of its funds into DeFi protocols to support community development. The Ethereum Foundation moved more than 160,000 ETH—valued at approximately $610 million…
In brief The NHL has signed multi-year licensing deals with prediction market startups Kalshi and Polymarket. Weekly prediction market volume surpassed $2 billion for the first time, with sports betting driving $414.7 million in volume last week. Major funding rounds have propelled valuations, with Kalshi recently raising $300 million and Polymarket securing $2 billion. The…
