Everything web3, crypto, defi, degen
In brief A meme coin modeled on Baby Shark’s creator collapsed. Pinkfong said the token created using Story Protocol was unaffiliated. Story Protocol deleted posts, but sleuth ZachXBT saved some receipts. A meme coin touting Pinkfong’s name collapsed on Thursday after the entertainment company behind YouTube hit Baby Shark said that it was unaffiliated with…
In brief Tether is reportedly seeking up to $15-20 billion for a 3% stake in its firm. Ark Invest and Softbank are reportedly in discussions to participate in the raise. The raise would value the firm at around $500 billion, making it one of the largest private companies in the world. Tech investors SoftBank Group…
In brief $3.6 million has been sent from yield farming platform Hypervault Finance to crypto mixer Tornado Cash in an “abnormal withdrawal.” The funds were bridged to the Ethereum chain before being sent to Tornado Cash, according to reports from blockchain security firms. Hypervault’s social media and website remain inaccessible following the incident. Some $3.6…
In brief Decentralized exchange Aster has refunded users who lost funds due to “abnormal price movements” on the recently debuted XPL token. It is believed that the pricing error came as a result of a “hardcoded” index price and capped mark price, which when removed prompted a big spike in XPL’s valuation. Aster’s token has…
We are making new pairs available for margin trading, taking our total to over 230 markets enabled for margin trading on Kraken Pro! Margin trading is now available for three new trading pairs: *Pairs available as long only. Here’s some more information about the tokens: BNB Chain (BNB) is a decentralized, interoperable blockchain ecosystem created…
In brief Bitcoin was trading at $111,336, down 1.8% daily and 5.4% weekly, as investors awaited tomorrow’s PCE inflation data release. Of prediction market users, 61% expect BTC to drop to $105,000 before reaching new highs, with selling pressure between $115,000-$119,000. Fed rate cut odds stand at 83.4% for next month’s meeting, but higher inflation…
Publicly traded cloud infrastructure firm Cloudflare—which powers a significant chunk of internet traffic—is launching a U.S. dollar-backed stablecoin, the NET Dollar, to help propel the future of AI-driven finance on the internet, the firm announced on Thursday. Like other stablecoins, Cloudflare’s version will offer near-instant transactions globally. The firm also highlighted its use in rewarding creators…
In brief SharpLink Gaming will tokenize its SEC-registered common stock (SBET) directly on Ethereum through Superstate’s Opening Bell platform. The Nasdaq-listed firm has built one of the largest public ETH treasuries, holding more than 838K ETH worth $3.3 billion. The move follows SharpLink’s recent stock buybacks and comes amid a broader SEC push to modernize…
In brief BOS has launched Grail Pro, a custody-grade protocol designed to put dormant institutional Bitcoin to work. Grail Pro mints programmable tokens, allowing custodians to deploy BTC for yield while retaining control. A pilot minted 100 zkBTC, showing how idle assets could move into lending, trading, and DeFi. Smart contract operating system BOS (BitcoinOS)…
In brief Thumzup Media Corporation revealed plans to buy back up to $10 million worth of stock. TZUP shares were up about 6% on the day following the news, but are down sharply since early August. The firm holds about $4 million in crypto and has agreed to purchase a Dogecoin mining firm. Another crypto…
