Everything web3, crypto, defi, degen
In brief President Trump said his administration is considering $1,000-$2,000 checks for citizens based on tariff revenues. Americans received up to $3,200 in 2020-2021, up to $40 billion of which was estimated to have been invested in Bitcoin and stocks. That $3,200 could be worth more than $26,000 today if invested in Bitcoin upon receipt…
In brief The price of Bitcoin surged early Friday afternoon, coming close to matching the record mark set in August. The leading cryptocurrency has soared since the start of “Uptober”—the name given to October by some traders. Still, the volatility of the coin has dampened compared to previous cycles. “Uptober” is off to a roaring…
In brief EU regulators have warned that cross-border schemes could create redemption pressures in the bloc, forcing ECB intervention. The EU has one of the world’s strictest crypto regimes and requires stablecoins to be fully backed by reserves. The stablecoin market is currently valued at over $300 billion, dominated by U.S. dollar-based tokens. The European…
In brief Trump Jr. described his experience with mainstream media as “a disaster,” likening their exclusion from coverage to being debanked. He said independent outlets, podcasts, and long-form formats fill gaps left by traditional press. Observers told Decrypt that credibility depends on transparency and accountability, regardless of the outlet. Donald Trump Jr. told a jam-packed…
In brief First Lady Melania Trump shared a post from her official meme coin page, boosting the price of her official Solana meme coin. The token is now trading above $0.18—still nearly 99% off its all-time high of $13.05. Controversy has surrounded the MELANIA token, which was launched by the same strategist who worked on…
In brief Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve. Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.” The U.S. and other nations have already explored or held strategic Bitcoin reserves. Two members of the…
In brief Polymarket is set to reopen to U.S. users, possibly as soon as tomorrow. The relaunch comes nearly four years after being banned by the CFTC and after its $112 million acquisition of CFTC-licensed exchange QCX LLC. The company has begun self-certifying event contracts including athletic events and election markets. Prediction market Polymarket is…
In brief Privacy coin Zcash is rallying after hitting a three-year high. A number of prominent observers in the crypto and Silicon Valley space have discussed the coin’s potential lately. Zcash remains down by over 95% from its 2016 record. Privacy coin Zcash has been the best performing digital asset over the past 24 hours…
In brief Bitcoin rose above $117,000 and gold hit a new all-time high Wednesday, with both assets benefiting from safe-haven demand. Stocks fell after the U.S. entered its first government shutdown in nearly seven years, with the S&P 500 and Nasdaq each down about 0.5% upon open. The shutdown’s duration remains uncertain, echoing the record…
In brief The White House has abruptly ended Brian Quintenz’s candidacy to lead the Commodity Futures Trading Commission. Crypto lobbying, a dispute with Gemini co-founders the Winklevoss twins, and opposition to Quintenz’s Kalshi links may have played a role. Acting CFTC chair Caroline Pham will remain in place as new contenders are considered. The White…
