Everything web3, crypto, defi, degen
In brief Publicly traded Tron uses a communal office space as its principal place of business. The space is still reserved under the company’s former name, SRM Entertainment. Justin Sun rang the Nasdaq’s opening bell in New York earlier this week. At Tron’s principal place of business in Winter Park, Florida, there are no apparent…
In brief Sen. Warren acknowledged the need for crypto legislation but critiqued the industry’s influence on US politics. The senator claimed the GENIUS Act was an instance of the industry writing “its own legislation.” She compared it to another bill—the Commodity Futures Modernization Act of 2000—which may have indirectly influenced the 2008 financial crisis. Sen.…
In brief Strategy is upsizing its STRC preferred stock offering to nearly $2.5 billion. STRC will offer a variable monthly dividend, starting at 9%. The firm intends to use the net proceeds from the sale to add to its $70 billion Bitcoin stash. Michael Saylor’s Bitcoin treasury firm Strategy is boosting its preferred stock offering…
Here’s some more information about the tokens: Virtuals Protocol (VIRTUALS) is a digital asset based on blockchain technology.which enables decentralized peer-to-peer transactions . Trading with Virtuals Protocol can offer portfolio diversification opportunities, potential profits from market movements, and exposure to one of the most active areas of global finance. Fetch.ai (FET) is building a decentralized…
In brief Only BlackRock and Fidelity’s spot Bitcoin funds needed less time to reach $10 billion in assets. ETHA has added $5 billion over a 10-day period ending Wednesday. The surge in ETH ETF inflows has been closely intertwined with a dramatic surge in Ethereum’s price. BlackRock’s iShares Ethereum Trust (ETHA) has topped $10 billion…
In brief Ethena Labs plans to make its nearly $1.5 billion USDtb stablecoin available in the U.S. The firm is partnering with Anchorage Digital to issue USDtb stateside in the “near future.” Both crypto-native firms and traditional financial institutions are aiming to enter the stablecoin market following the passing earlier this month of stablecoin legislation…
In brief Trump’s crypto task force will release its 180-day report on July 30, Bo Hines, the group’s executive director, said Wednesday. The report is expected to outline stablecoin oversight, token classification, and enforcement reforms following the GENIUS and CLARITY Acts, Decrypt was told. Experts say it may propose building a Bitcoin reserve using seized…
In brief Trump has signed an executive order banning federal contracts with ‘Woke AI’ models. The order cites concerns about ideological bias, DEI alignment, as well as racial and gender distortions. U.S. officials are also scrutinising bias in Chinese AI systems. President Donald Trump signed an executive order on Wednesday banning U.S. government agencies from…
In brief The White House unveiled a national AI strategy centered on growth, infrastructure, and global dominance. Critics say it overlooks risks and weakens existing safeguards. The plan promotes deregulation, open-source models, and export controls. The White House on Wednesday unveiled a national strategy to cement U.S. dominance in artificial intelligence—drawing criticism from civil rights…
In brief Prometheum can custody a handful of tokens, but it’s now racing to support on-chain securities, founder and co-CEO Aaron Kaplan said. Kaplan testified on Capitol Hill in 2023 that the SEC had laid out a clear path to compliance for crypto firms. Some tokenized offerings resemble gambling, Kaplan argued. Tokenization could revolutionize finance,…
