Everything web3, crypto, defi, degen
In brief The ARK 21Shares Bitcoin ETF (ARKB) recorded $275.2 million in outflows on October 16, its largest single-day exodus since August 1, when the fund shed $327.9 million. Bitcoin ETFs collectively bled $530.9 million Thursday, capping a brutal week that saw $858.7 million flee the products, with only Tuesday breaking the outflow streak. Analysts…
In brief Newsmax is building a digital assets treasury centered on Bitcoin and President Trump’s official Solana meme coin. The company is approved to spend up to $5 million to acquire the assets over the next 12 months. Shares of NMAX fell 4% today but have bounced in after-hours trading. Publicly traded media company Newsmax…
In brief Crypto markets crashed last week, and Dogecoin has taken the hardest hit among major assets. While Bitcoin and Ethereum are still suffering following the sell-off, Dogecoin is faring far worse. Experts said that the coin is not finding enough use cases and may be facing an identity crisis. Following last week’s flash crash,…
In brief Eric Trump said that the his family’s crypto empire has profited more than $1 billion so far. The family’s crypto ventures span NFT trading cards, meme coins, World Liberty Financial, and more. President Trump’s crypto businesses have been a point of contention, with critics claiming conflicts of interest. President Donald Trump’s embrace of…
In brief The Financial Stability Board’s review of nearly 40 jurisdictions found “significant gaps and inconsistencies” in crypto regulations that threaten financial stability. A separate European Banking Authority report revealed crypto firms engaging in regulatory “forum shopping” across EU member states. Cross-border cooperation remains “fragmented, inconsistent, and insufficient,” with authorities struggling to share information due…
In brief Erebor became the first crypto bank to win a conditional federal charter under the Trump administration, and only the second ever after Anchorage Digital. Backed by Palmer Luckey and the firms of Joe Lonsdale and Peter Thiel, Erebor will soon likely join Anchorage in having certain advantages regarding the issuance of stablecoins under…
In brief The U.S. seized $14.4 billion in Bitcoin from the alleged head of a global crypto scam network on Tuesday, in the DOJ’s largest-ever crypto seizure. Prosecutors are seeking to claim the funds through criminal forfeiture, raising questions about whether the Bitcoin will go to victims or be added to a national strategic Bitcoin…
In brief Bitcoin gained against Ethereum as Trump’s latest tariff threat weighed on markets. Despite recently losing ground, Ethereum is still outperforming Bitcoin this year. Some analysts foresee an altcoin rally, while others are doubtful. Ethereum surged against Bitcoin on its way toward a peak of nearly $5,000 this summer, but the reigning cryptocurrency reasserted…
In brief Conservative activist Laura Loomer’s tweet alleging a pro-Trump pardon lobby for Sam Bankman-Fried drew wide reaction on X. Reporting confirms Bankman-Fried’s parents have explored clemency options, but no registered lobbying effort has surfaced. Analysts and prediction markets put the odds of a pardon in the single digits despite rising political chatter. Conservative activist…
In brief Ethereum ETFs recorded $428.5 million in outflows on October 13, the largest single-day exodus in five weeks, with BlackRock’s ETHA leading at $310.1 million. The retreat follows a prior week that saw $488 million in net ETH ETF inflows, part of a broader $3.17 billion surge into crypto products. Experts attribute the defensive…
