Everything web3, crypto, defi, degen
In brief American Bitcoin has acquired 1,414 Bitcoin, the company said Monday. Bitcoin was trading above $115,500, its highest level in two weeks. More than 200 companies have built Bitcoin treasuries. American Bitcoin (ABTC), the publicly traded Bitcoin treasury and mining company backed by Eric Trump and Donald Trump Jr., has added 1,414 Bitcoin currently…
In brief Senators Elizabeth Warren and Adam Schiff plan to introduce a resolution condemning President Trump’s pardon of Binance founder Changpeng “CZ” Zhao. The pardon has angered Democrats, given Zhao’s past guilty plea for failing to prevent money laundering on Binance and his business ties to the Trump family’s crypto firm, World Liberty Financial. Though…
In brief Bitcoin has recovered to near $115,000 following initial panic over Trump’s threatened 100% tariffs on China. Standard Chartered’s Geoff Kendrick notes that $2 billion exited gold ETFs last week, and suggests Bitcoin ETFs need to capture about half of that amount to confirm improving market sentiment. Despite recent gains, gold continues to significantly…
In brief Experts warn insider trading in sports gambling could surge as betting on games shifts to CFTC-regulated prediction markets. The CFTC, which regulates sports and other prediction markets, has little experience in monitoring sports betting, and limited capacity to do so given its staff size, the experts said. Supporters say on-chain transparency helps prediction…
In brief SpaceX moved more than 1,200 BTC—or $133 million in funds—on Friday. The transfers follow similarly sized moves from earlier this week. Details on the firm’s plans are not yet known. Elon Musk’s space exploration company, SpaceX, moved more than $133 million in Bitcoin on Friday, according to blockchain analytics firm Arkham Intelligence. The firm…
In brief Trump has tapped SEC Crypto Task Force Chief Counsel Mike Selig to lead the CFTC, signaling closer coordination on pro-crypto regulation, per Bloomberg. The pick is a victory for Tyler and Cameron Winklevoss, who pushed Trump to drop prior nominee Brian Quintenz after clashes over Gemini’s past CFTC case and other issues. Selig…
In brief Payments processor Zelle will use stablecoins to expand internationally. Zelle is owned by Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank, and Wells Fargo. The environment for stablecoins has improved following the passage of the U.S. GENIUS Act. Payments processor Zelle’s parent company said Friday that Zelle would start…
In brief Consumer prices rose 3% in the 12 months through September. Friday’s CPI report was delayed by an ongoing government shutdown. The Federal Reserve is expected to cut interest rates next week. Bitcoin and other cryptocurrencies rose on Friday after a widely watched inflation gauge showed consumer prices rose at a slightly slower-than-expected pace in…
In brief President Trump granted a full pardon to Binance founder Changpeng “CZ” Zhao, who served four months for violating U.S. anti-money-laundering laws. Top Democrats, including Maxine Waters and Elizabeth Warren, condemned the move as “pay-to-play corruption” tied to Trump’s crypto ventures. Trump said he pardoned Zhao “at the request of a lot of very…
In brief President Trump pardoned Binance founder Changpeng Zhao on Thursday. Digital coins linked with both the president and Zhao rose as a result. Zhao backed the crypto project linked to President Trump, World Liberty Financial, ahead of the pardon. Digital assets related to Binance and President Donald Trump surged on Thursday following news that…
