Everything web3, crypto, defi, degen
In brief New York City’s ‘Bitcoin Mayor’ Eric Adams has dropped out of the race for re-election. Adams had publicly tied his image to crypto, from Bitcoin paychecks to calls for BitLicense reform, and many other initiatives. His withdrawal follows legal troubles and questions about whether crypto can anchor political identity. Eric Adams, mayor of…
In brief Ransomware group Rhysida reportedly stole sensitive data and personal information from the Maryland Department of Transportation. The collective is now auctioning off the contents for 30 BTC, or about $3.4 million worth. Ransomware payments were down 35% in 2024, but still amounted to $813 million in total. Sensitive data swiped during a cybersecurity…
In brief Kraken co-CEO Arjun Sethi announced $1 million donation to the Digital Freedom Fund PAC and increased the commitment to America First Digital to $1 million. Arjun Sethi said crypto embodies “the right to self-determination” and warned of “attempts to criminalize infrastructure.” Winklevoss twins previously donated over $21 million in Bitcoin to launch the…
In brief The SEC said that Grayscale’s Digital Large Cap Fund conversion into an ETF is approved for listing and trading. The fund tracks the price of Bitcoin, Ethereum, Solana, XRP, and Cardano. Other ETFs tracking XRP and Dogecoin began trading on Thursday. An exchange-traded fund from crypto asset manager Grayscale that tracks the price…
In brief The FTC has issued orders to seven companies requiring detailed disclosure of safety protocols and monetization strategies within 45 days. The probe comes amid growing concerns about AI chatbots’ impact on children, with safety advocates calling for stronger protections. Companies must reveal user data handling by age group and safeguards preventing inappropriate interactions…
In brief SharpLink Gaming’s treasury strategy will be a positive “white swan event” for Ethereum as it helps educate traditional players, its co-CEO told Decrypt. Some industry observers fear that the crypto treasury trend could end badly for the industry, as swarms of companies have started stockpiling digital assets this year. Joseph Chalom, co-CEO of…
We’re excited to launch something new — and if you’ve ever wanted to take a position on what’s going to happen next in crypto markets, this could be for you. Today we’re launching Kraken Perps (short for Kraken Perpetuals), available in select regions to eligible clients worldwide. These offer a simple, flexible way to trade…
In brief Kazakhstan will establish a State Digital Asset Fund to build a strategic crypto reserve. Crypto ownership among citizens has doubled in two years while mining generates millions in tax revenue. President Tokayev also warned of rising online fraud and pushed for a fully digitalized smart city. Kazakhstan President Kassym-Jomart Tokayev has proposed the…
In brief Washington, D.C., Attorney General Brian L. Schwalb accused ATM operator Athena Bitcoin of ignoring scams targeting elderly residents. The firm faces two counts of violating the Consumer Protection Procedures Act through deceptive and unfair trade practices. The firm operates 4,100 Bitcoin ATMs in five countries. Washington, D.C., Attorney General Brian L. Schwalb unveiled…
In brief CalPERS candidates were split on crypto investments, ranging from outright rejection to cautious consideration. The fund holds 410,596 MicroStrategy shares valued at $165.9 million, creating substantial indirect Bitcoin exposure. One challenger wouldn’t “close the door entirely” on crypto, while another called blockchain technology “promising” California state pension fund CalPERS recorded mixed reactions from…
