Everything web3, crypto, defi, degen
In brief Stock exchanges in Hong Kong and India have rejected companies attempting to pivot to Bitcoin treasury strategies, with none receiving regulatory approval in recent months. Experts have questioned if digital-asset treasuries are justified, warning they risk becoming “volatility arbitrage shells disguised as leveraged Bitcoin plays” that harm retail investors. Jetking Infotrain’s Siddarth Bharwani…
In brief ChinaAMC’s Solana ETF will be Hong Kong’s first spot fund offering direct exposure to SOL, set to begin trading Oct. 27. The ETF will invest entirely in SOL and track the CME CF Solana-USD Index based on the APAC reference rate. Observers say the move shows Hong Kong’s confidence in expanding its regulated…
In brief U.S. Senator Cynthia Lummis (R-WY) has urged the Consumer Financial Protection Bureau to finalize its open banking rule, warning that banks have restricted access to industries they oppose, including digital assets. The rule, finalized on October 22, 2024, allows consumers to share financial data with third-party apps via APIs, critical infrastructure for connecting…
In brief In April, Armbrust pled guilty to computer fraud after using his ex-employer’s AWS account to mine Ethereum. Armbrust was sentenced to three years of probation and ordered to repay the full amount, court records show. The mining operation cost his former employer over $45,000 in cloud fees while netting him about $5,800 in…
In brief Bitcoin is down 4% this month, defying its historical 19.84% average return for October. Analysts say on-chain data and failed rallies point to a continued correction phase. Sharp price swings reflect a market torn between institutional optimism and macro risks. Bitcoin’s recovery this week continues to lag, leaving most altcoin performances in the…
In brief Last year, $10 million was sent to a pre-sale wallet for the hotly anticipated Solana meme coin Slerf. The dev accidentally burned it all. Now, 19 months later, the Slerf dev has finally refunded every pre-sale participant in Solana tokens. The milestone was reached as the meme coin migrated to a new token…
In brief Gold retreated from a record high of $4,395 per ounce on Tuesday. Bitcoin and Ethereum were trading around $112,000 and $4,000, respectively. Analysts cited strong earnings and easing geopolitical concerns as factors. Bitcoin and Ethereum rose on Tuesday as gold’s price headed toward its biggest daily drop in over a decade, indicating renewed…
In brief Solana Saga devices are no longer receiving software updates and security patches. The product’s support lifecycle lasted just more than two years, far less than devices from Apple and Google. Solana Mobile’s focus has shifted to the Seeker, its second-gen mobile phone that will eventually get an ecosystem token. Solana Mobile is discontinuing…
In brief Federal Reserve Governor Christopher Waller proposed offering “skinny” master accounts to innovation-focused banks, granting them qualified access to Fed payment systems. These accounts would speed up access to the Fed’s services for crypto banks, but exclude benefits like earning interest or overdraft privileges. They could also include balance caps to manage risk. The…
In brief Europol has taken down a cybercrime network that provided SIM cards to fraudsters in over 80 countries. Criminal activity facilitated by the network resulted in losses above $5 million in Austria, while authorities seized $330,000 in crypto from alleged network members. Europol’s action comes as crypto increasingly features in international crime, and as…
