Everything web3, crypto, defi, degen
In brief A DOJ crypto scam case briefly sealed in full has sparked a backlash after NOTUS linked the victims to MoonPay execs tied to Donald Trump’s meme coin. Interim U.S. Attorney Jeanine Pirro blamed court clerks for sealing the entire docket and said prosecutors only asked to shield a company name. The alleged victims…
In brief The SEC appears increasingly likely to approve in-kind redemptions for Bitcoin and Ethereum ETFs, according to Bloomberg analyst James Seyffart. Five issuers with Bitcoin and Ethereum ETFs on the CBOE filed amendments to their prospectuses, suggesting “positive movement” from regulators on approving in-kind redemptions for the funds. The SEC has delayed deadlines for…
In brief An Department of Justice investigation into Kraken co-founder Jesse Powell has been dropped, he said. Feds had raided Powell’s home back in 2023 and seized dozens of devices belonging to him. Powell said on X that the investigation never made sense to him. The U.S. Department of Justice has dropped an investigation into…
In brief SpaceX has consolidated $153 million worth of Bitcoin into a single on-chain wallet, Arkham Intelligence data shows. The private company holds 8,285 Bitcoin, or $990 million worth of the token, on its balance sheet. -The movement comes as investors raise concerns about SpaceX, particularly following Elon Musk’s public feud with U.S. President Donald…
Western Union has become the latest financial giant to signal interest in stablecoins, as competition heats up in the global remittance market and regulatory clarity improves.Speaking to Bloomberg on Tuesday, CEO Devin McGranahan said the firm saw three opportunities for stablecoin use around faster cross-border payments, better fiat conversion options in harder-to-reach markets, and offering…
In brief Legal precedents block Trump from legally firing Powell except for misconduct, not policy disagreements. Trump allies are escalating pressure on Powell, including a criminal referral and threats of early succession. Rate cut speculation may boost crypto in the short term, but long-term instability could pressure risk assets, Decrypt was told. A public clash…
In brief Polymarket acquired derivatives exchange QCX for $112 million, the prediction market startup announced Monday. The company is trying to re-enter the U.S., founder and CEO Shayne Coplan said. In June, X tapped Polymarket as its official prediction platform. Polymarket acquired the derivatives exchange QCX alongside efforts to return to the U.S., the crypto-powered…
In brief UK Chancellor Rachel Reeves is reportedly exploring the sale of the government’s holdings of confiscated Bitcoin, worth $7.2 billion (£5.33 billion). Trade association CryptoUK has urged the government to reconsider, saying that such plans would “run contrary” to efforts to foster growth in the UK’s crypto sector. A growing number of countries around…
In brief Trump Media announced on Monday that it had purchased $2 billion in Bitcoin. The publicly traded firm unveiled its Bitcoin acquisition strategy in May. Shares of Trump Media are up roughly 6% following the announcement. Trump Media & Technology Group has purchased $2 billion in Bitcoin and BTC-related securities for its corporate treasury,…
In brief Crypto custody firm BitGo confidentially filed for an initial public offering (IPO). The firm was last valued at $1.75 billion following a $100 million fundraise in 2023. If approved, it will join a growing list of crypto firms that have gone public in 2025 like Circle and eToro. Crypto custody provider BitGo confidentially…
