Everything web3, crypto, defi, degen
In brief Crypto markets crashed last week, and Dogecoin has taken the hardest hit among major assets. While Bitcoin and Ethereum are still suffering following the sell-off, Dogecoin is faring far worse. Experts said that the coin is not finding enough use cases and may be facing an identity crisis. Following last week’s flash crash,…
In brief Predictors on Myriad are becoming more bearish in Thursday trading as crypto markets slide. Solana is given just 34% odds by predictors of reaching a new all-time high. Despite gold’s lead in the race to $5K, Myriad users think ETH has a better chance of reaching the mark first. As crypto markets fall…
In brief Eric Trump said that the his family’s crypto empire has profited more than $1 billion so far. The family’s crypto ventures span NFT trading cards, meme coins, World Liberty Financial, and more. President Trump’s crypto businesses have been a point of contention, with critics claiming conflicts of interest. President Donald Trump’s embrace of…
In brief Coinbase is launching an all-in-one financial platform for small and medium businesses to receive crypto, manage assets, and earn up to 4.1% APY on USDC stablecoins. The platform includes instant settlements, QuickBooks and Xero integrations, and self-service onboarding with approval in as little as two days. Coinbase Business competes with fintechs like Mercury…
In brief Ripple has bought corporate treasury management firm GTreasury for $1 billion. It’s Ripple’s third major acquisition this year after buying primer brokerage Hidden Road and stablecoin platform Rail. Ripple CEO Brad Garlinghouse said the deal would reduce friction and costs of “outdated payments systems.” Fintech Ripple announced Thursday that it bought software firm…
In brief BlackRock will adapt one of its money market funds to specifically serve stablecoin issuers under the recently passed GENIUS Act. The fund will be an approved reserve asset U.S. stablecoin issuers can use to back their dollar-pegged tokens. The firm says it made the move after receiving increased demand from stablecoin issuers for…
In brief SharpLink Gaming said Thursday that it has sold $76.5 million worth of shares. The Ethereum treasury firm has amassed $3.37 billion worth of ETH, though has slowed its purchases of late. Leading Ethereum treasury company BitMine Immersion Technologies holds over $12 billion worth of ETH. Publicly traded Ethereum treasury company SharpLink Gaming, Inc.…
In brief Five men aged between 21 and 37 were arrested on Oct. 1 on suspicion of conspiracy to commit fraud. Police say victims may have lost more than a million pounds (£1 million / approx. $1.3 million) through the fake cryptocurrency schemes. The suspects have been bailed pending further enquiries as the investigation continues.…
In brief Visa reports stablecoins have originated $670 billion in lending over five years, with average loan sizes rising from $76,000 to $121,000. USDC and USDT dominate stablecoin lending, mirroring their share of the $307 billion total stablecoin market. The IMF warns that stablecoin growth could lead to excessive risk-taking and financial system vulnerabilities. Payments…
In brief Bitcoin broke below $110,000 Thursday morning, dragging top altcoins down in a broad sell-off. The drop triggered $524 million in liquidations as the total market cap fell 3.1% to $3.85 trillion. Options data shows heavy bearish betting, with traders pricing in more downside risk. The cryptocurrency market extended its losses on Thursday with…
