Everything web3, crypto, defi, degen
In brief Ethereum topped $3,900, its first time above that level since December, before retreating. Bernstein analysts said that Ethereum treasuries would have to weigh liquidity risks. The ETH treasuries have followed a general model pioneered by Bitcoin pioneers like Strategy. Ethereum treasuries are treating the asset differently than their Bitcoin-focused counterparts, generating staking rewards…
In brief American Bitcoin miner MARA has closed an upsized private offering to buy BTC. MARA is the second biggest corporate holder of Bitcoin. The company has said it will adopt a “HODL” strategy—and never sell. Bitcoin miner MARA has closed an upsized $950 million private offering to buy more of the leading cryptocurrency. The Nasdaq-listed…
In brief Options markets now assign a 30% probability to Ethereum reaching $6,000 by year-end, up from 7% in early July, Decrypt was told. A U.S.-EU trade deal has calmed global risk sentiment, creating a more favorable backdrop for digital assets. Low volatility and funding rates suggest crypto’s latest rally is being driven by spot…
In brief A new report from TRM Labs found that Kyrgyzstan appears to be serving as a front for crypto platforms linked to shuttered Russian exchange Garantex. Russia-linked activity accounts for almost all of Kyrgyzstan’s crypto industry, which was “virtually nonexistent” prior to the invasion of Ukraine in 2022. Experts told Decrypt that Kyrgyzstan’s political…
In brief Agama, a longtime SEC official appointed Director-General in 2024, has pushed for more proactive engagement with digital asset firms. His latest remarks follow the onboarding of stablecoin firms into the SEC’s regulatory sandbox and renewed public outreach. Analysts say rebuilding trust will depend on whether the government follows through with consistent, transparent enforcement.…
In brief Only BlackRock and Fidelity’s spot Bitcoin funds needed less time to reach $10 billion in assets. ETHA has added $5 billion over a 10-day period ending Wednesday. The surge in ETH ETF inflows has been closely intertwined with a dramatic surge in Ethereum’s price. BlackRock’s iShares Ethereum Trust (ETHA) has topped $10 billion…
In brief Ripple co-founder Chris Larsen has moved 50 million XRP since July 17. Larsen has moved most of that amount to exchanges. The third biggest cryptocurrency by market value hit a new all-time high last week. Ripple co-founder and Executive Chairman Chris Larsen moved more than 50 million in XRP over the past week…
In brief Solana developers are coming together to focus on changing Solana’s market microstructure. The change centers on Application-Controlled Execution, allowing apps to control transaction execution order. Key players believe this focus will help Solana become home to the world’s most liquid markets. Developers and leaders in the Solana ecosystem are uniting around a focused…
We’re excited to announce plans to introduce the $INK token and Ink Layer 2 into our existing product suite, unlocking a new wave of use cases powered by onchain protocols and infrastructure. We aim to deliver seamless onchain experiences and new opportunities for our global client base. $INK will be issued by a subsidiary of…
In brief A revised class action accuses Pump.fun and its infrastructure partners of operating a racketeering enterprise modeled on unlicensed gambling. Plaintiffs claim the meme coin ecosystem functioned like a digital slot machine, extracting billions from retail users. The case, brought by Burwick Law, remains unproven in court and reflects the firm’s growing presence in…
