Everything web3, crypto, defi, degen
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Andreessen Horowitz and the DeFi Education Fund have requested the SEC create a safe harbor to shield dapp developers from being labeled broker-dealers. The recommendations would enable certain centralized entities retaining control over a crypto app to gain safe harbor if they have demonstrated “good faith to decentralize.” The proposal follows SEC chair…
In brief Treasury Secretary Scott Bessent urged the Fed to consider a 50bps cut in September after weak job revisions and soft inflation data. July inflation came in at 2.7% year-over-year, slightly above expectations but reinforcing hopes for looser policy. Crypto markets rallied, with Ethereum hitting multi-year highs as traders priced in deeper rate cuts.…
In brief Circle shares popped over 11% in pre-market trading Tuesday after a bullish Q2 earnings report. The report also included news that the company plans to launch its own blockchain, Arc, in the fall. However, Circle also posted a quarterly loss of $482 million, which the company said was incurred almost entirely by IPO-related…
In brief The Consumer Price Index rose 2.7% in the 12 months through July. Tuesday’s inflation reading was cooler-than-expected. September rate cut odds slightly fell after the release. The price of Bitcoin and other cryptocurrencies rose Tuesday after a widely watched inflation gauge showed that U.S. consumer prices rose less than expected in July.The Consumer Price…
In brief Jeff Bezos’ Blue Origin is accepting cryptocurrency payments for flights to space. Crypto holders can use Bitcoin, Ethereum, and Solana to snag their seat on the firm’s New Shepard spacecraft. Crypto payments are facilitated by global payments firm, Shift4. Amazon founder Jeff Bezos’ rocket and space exploration firm Blue Origin is now accepting…
In brief GPT-5 is fast, accurate, and cost-effective at code generation, beating most rivals in logic and technical tasks. However, with its relatively small context window, it’s weak in creative and right-brain output. It’s still a work in progress and will likely get better as OpenAI iterates with updates. OpenAI finally dropped GPT-5 last week,…
In brief Financial infrastructure firm ALT5 Sigma Corporation plans to sell 100 million of its shares to raise funds for a WLFI treasury. The shares will be priced at $7.50 each, and the sale is expected to close on August 12. The planned sale comes shortly after World Liberty Financial community members voted to make…
In brief Ethereum ETFs led digital asset funds with $268 million in weekly inflows, narrowly outpacing Bitcoin’s $260 million despite early-week volatility, according to CoinShares. The turnaround came after $1 billion in combined outflows early in the week, triggered by weak U.S. payroll data, before a $1.57 billion surge following 401(k) crypto approval. Ethereum’s year-to-date…
In brief Another pro-crypto executive order from Donald Trump has markets feeling bullish again. Bitcoin got a modest bump, but altcoins like XRP, Ethereum, and Dogecoin are flying high. What happens next? Let’s take a look at the charts. The cryptocurrency market regained some lost ground this week, with altcoins such as Ethereum, XRP, and…
