Everything web3, crypto, defi, degen
In brief SEC Chair Paul Atkins announced numerous major policy initiatives the regulator is now undertaking to bring crypto activity back to the United States. New rules would greenlight many crypto-related practices previously discouraged or outright banned in the U.S. The rollout comes a day after the White House released its own crypto policy recommendations,…
In brief Myriad Protocol has launched on Ethereum layer-2 network Linea. The “huge milestone” lays the groundwork for Myriad’s multichain expansion as it scales its userbase. Myriad’s prediction contracts will power a “new class of DeFi products,” as it evolves into a prediction markets protocol. Myriad Protocol, the multichain protocol designed to power prediction markets,…
In brief Robinhood CEO Vlad Tenev views tokenization as the future of finance. Robinhood is building its own Ethereum layer-2 scaling network. The firm surpassed analysts’ second-quarter expectations. Robinhood CEO Vlad Tenev referenced tokenization nearly a dozen times during the company’s second-quarter earnings broadcast on Wednesday, highlighting how the once-esoteric term is becoming a cornerstone…
In brief Bitcoin whales holding 10-10,000 BTC accumulated 0.9% of the total supply over four months, including 30,000 BTC over the past 48 hours. Despite whale buying, large-scale profit-taking occurred with one whale offloading $9 billion worth of Bitcoin through Galaxy Digital. Whales are expanding beyond Bitcoin into Ethereum, Solana, and select memecoins while the…
In brief Newly formed company The Ether Machine has purchased 15,000 Ethereum (ETH) at a cost of $56.9 million, bringing its ETH holdings to $1.28 billion. This makes it one of the largest ETH treasuries, just behind Bitmine Immersion Tech and SharpLink Gaming and ahead of the Ethereum Foundation. Investors are increasingly looking to invest…
In brief Etherex, a new decentralized exchange on Linea, aims to fulfill the original promise of Ethereum DEX. The DEX is designed to be completely user-aligned, providing all trading fees and incentives back to locked token holders. It ultimately could attract capital from major ETH holders and institutions by offering “superior yield.” Newly launched crypto…
In brief Developers William Lonergan Hill and Keonne Rodriguez on Wednesday pleaded guilty to operate an unlicensed money transmitting business. The two—who set up Bitcoin mixer Samourai Wallet—had changed their pleas this week. They could face up to five years in prison. The founders of Bitcoin mixer Samourai Wallet face up to five years in…
In brief Polygon’s consensus layer was knocked offline by a “validator exit.” The Polygon Foundation said it’s working to fully restore affected services. Polygon underwent a “technically complex” upgrade earlier this month. Ethereum scaling solution Polygon was disrupted for over an hour on Wednesday after a validator leaving the network triggered an unexpected bug.In a…
In brief The White House proposed Congress consider drafting legislation that would force U.S. residents and companies to report foreign crypto accounts on their taxes. Not doing so could disadvantage U.S.-based crypto companies, the Trump administration said in a highly anticipated crypto report published Wednesday. The 168-page report also included recommendations related to crypto banking,…
In brief Base token launchpad Zora accounted for more tokens created than Solana’s Pump.fun and LetsBonk on Monday. It represents the first time since early 2023 that a chain has played host to more token launches than Solana, according to Coinbase director Conor Grogan. Unlike Pump.fun, Zora turns every single post on its social media…
