Everything web3, crypto, defi, degen
In brief Donald Trump is back in the White House as the 47th U.S. President, after running on a pro-crypto platform. But Trump hasn’t always taken this stance: He used to call Bitcoin a “scam” and said he wasn’t a fan. Trump has since launched his own Solana meme coin, multiple NFT collections, and a…
In brief President Trump said his administration is considering $1,000-$2,000 checks for citizens based on tariff revenues. Americans received up to $3,200 in 2020-2021, up to $40 billion of which was estimated to have been invested in Bitcoin and stocks. That $3,200 could be worth more than $26,000 today if invested in Bitcoin upon receipt…
In brief BNB reached an all-time high over $1,114, making it the highest gainer among the top 10 cryptos in the last 24 hours. The rally was fueled by $7.7 million in liquidated short positions, a reduction in BNB Chain transaction fees to $0.005, and speculation around a potential U.S. spot BNB ETF, analysts told…
In brief New York lawmakers have introduced a bill aiming to tax Bitcoin miners. Democratic Senator Liz Krueger and Assemblymember Anna Kelles argue that mining operations use too much electricity. If passed, the money would be passed to lower income households in the state. New York lawmakers are trying to tax Bitcoin miners, citing excessive…
In brief SEC decisions on applications for spot altcoin ETFs are on hold during the government closure. Analysts have been expecting the agency to approve Solana funds early this month. The regulator is weighing more than 90 applications for funds tracking different cryptos, combinations of tokens and digital asset strategies. Investors expecting U.S. Securities and…
In brief Around $21 million in crypto was stolen from addresses tied to Japanese miner SBI Crypto, according to blockchain sleuth ZachXBT. The blockchain sleuth says that the crypto has been laundered via Tornado Cash. SBI Crypto has yet to acknowledge the suspicious transfers. Suspicious outflows totaling about $21 million from addresses tied to Japan-based…
In brief Solana, Dogecoin, and Cardano outperformed the broader crypto market on Wednesday. Despite Congress failing to pass a continuing resolution to avoid a government shutdown, crypto markets shrugged off concerns. Bitcoin surpassed $117,000 for the first time in about two weeks while anticipation builds for an expected 25-basis point Fed rate cut at October’s…
In brief The crypto market is poised to close in the green for September as Bitcoin rallies above $114k. Altcoins like ADA and DOGE, though, aren’t faring nearly as well. Technical indicators and prediction market data diverge on the near and long-term market view. The crypto market is nursing another day of modest losses—but they’re…
In brief Dogecoin miner DogeHash Technologies secured a $2.5 million loan to bolster its mining fleet and efficiency. The loan was provided by publicly traded Thumzup Media who is set to acquire DogeHash Technologies. Shares of TZUP are up 2.4% on the day as Dogecoin has slipped 1%. Publicly traded crypto treasury firm Thumzup Media…
In brief Over $800 million was pulled out of crypto ETFs worldwide last week, CoinShares said Monday. Most of that came from investors pulling funds out of Bitcoin funds as the leading coin’s price fell. But Solana and XRP funds attracted inflows, bucking the trend from BTC and ETH funds. Investors pulled money out of…
