Everything web3, crypto, defi, degen
In brief Jack Dorsey’s Block wants its customers to use Bitcoin more. Block’s Square product will allow merchants to receive the cryptocurrency and manage it within a wallet. Block shares rose 2.6% on Wednesday. Jack Dorsey’s payments company Block said on Wednesday that it is debuting a new Bitcoin payments and crypto-integrated wallet targeting small…
In brief Grant Cardone views Bitcoin as a superior store of value to gold. Hedge fund innovator Ray Dalio has urged investors to own a combination. The precious metal has outperformed Nvidia this year. Investors may see opportunity in gold’s historic rally, but they shouldn’t be selling Bitcoin to latch onto the precious metal, according…
In brief Gemini users in Australia can now trade directly in AUD through local banking integrations following its official registration with the country’s anti-money laundering watchdog. The move coincides with draft legislation that would bring crypto exchanges under the Corporations Act. Gemini has appointed James Logan as Head of Australia to lead local strategy and…
In brief Shayne Coplan, the CEO of Polymarket, has entered the billionaire club as the youngest self-made billionaire, per Bloomberg. He joins a list of other crypto billionaires including Changpeng “CZ” Zhao, Michael Saylor, and Satoshi Nakamoto. Coplan’s rise in net worth follows Polymarket’s valuation of $9 billion, as it secured a $2 billion investment…
In brief Hong Kong-based DDC Enterprise has secured an additional $124 million in funding to buy Bitcoin. DDC’s stock price was up about 3.5% in Wednesday trading. The digital platform wants to buy 10,000 BTC by the end of the year. Shares of Hong Kong-based digital food company DDC Enterprise were up about 3.5% on…
In brief Solana DEX aggregator Jupiter has tapped Ethean to launch its own stablecoin. JupUSD is expected to launch in Q4 and will initially be collateralized by USDtb, Ethena’s short-term treasury-backed stablecoin. The total stablecoin market cap has grown by more than 75% in the last year and now sits above $300 billion. Jupiter, a…
In brief Reaper Actual has entered “Foundation Alpha” playtesting, with gamers required to pay at least $29.99 to get their first base and Reaper characters. John Smedley, who helped bring EverQuest, H1Z1, and PlanetSide to life, said that the game’s crypto elements are entirely optional and estimated just 8% of the player base will use…
In brief MetaMask users can trade derivatives using Hyperliquid’s infrastructure. The self-custodial wallet plans to add support for Polymarket. MetaMask users can earn rewards, including Linea’s native token. Popular crypto wallet MetaMask unveiled native support for Hyperliquid on Wednesday, allowing users to more easily speculate on the price of various cryptocurrencies through the up-and-coming decentralized…
In brief YZi Labs, formerly known as Binance Labs, is kickstarting a $1 billion builders fund for those looking to develop long-term on BNB Chain. The fund will support builders in areas like trading, real-world assets, artificial intelligence, DeSCI, and DeFi. The firm is merging its EASY Residency program with BNB Chain’s incubator “MVB” to…
In brief Coinbase has launched crypto staking services in New York after years of objections from state regulators. New Yorkers can now stake several major tokens, including Ethereum and Cosmos, with estimated yields ranging up to 16% APY. The move follows the resignation of state crypto regulator Adrienne Harris, who reached a $100 million settlement…
