Everything web3, crypto, defi, degen
In brief GameSquare borrowed stablecoins against a recently acquired CryptoPunk. The rare CryptoPunks NFT was purchased from Compound founder Robert Leshner for $5.15 million worth of preferred shares. GameSquare owned 12,900 ETH, as of Thursday worth $48 million. GameSquare, a digital media company with an Ethereum treasury strategy, said Thursday that it acquired a rare…
In brief BitMine Immersion Technologies’ Ethereum token holdings have reached $2.1 billion. The firm, which previously focused on Bitcoin mining, holds more ETH than any other Ethereum treasury firm. The company closed a $250 million initial private placement on July 8. BitMine Immersion Technologies’ Ethereum token holdings have reached $2.1 billion, according to a Thursday…
In brief Myriad has expanded its prediction markets to Ethereum layer-2 network, Linea. Top markets this week include predictions on SharpLink Gaming’s ETH holdings and Solana tokens PENGU, Fartcoin, and PUMP. Predictors think PENGU will eclipse a $2.5 billion market cap by the end of July, and Fartcoin will outpace PUMP into August. What do…
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…
In brief Bitcoin was up 1.1% in Thursday trading, even as major altcoins like XRP, Solana, and Dogecoin were in negative territory. BTC volatility dropped to 1.49%, with experts noting this decreased volatility indicates BTC is maturing into an institutional-grade asset. Marathon Digital upsized its latest offering to $950 million to purchase Bitcoin and expand…
In brief Bitcoin’s consolidation near $120,000 has fueled recent gains in major altcoins, but signs of exhaustion are emerging. Analysts flag a buildup of Ethereum sell orders and leveraged positioning in Solana, pointing to a possible short-term correction. Despite near-term caution, some remain bullish, citing macro drivers like Fed rate cuts and liquidity trends. Several…
In brief PayPal will launch a platform this fall linking domestic wallets like UPI and WeChat Pay to its global merchant network. The service mirrors stablecoin functionality but runs on traditional fiat rails, without blockchain infrastructure. It comes as PayPal continues to support and integrate its stablecoin, PYUSD, into its broader product suite. U.S. payments…
In brief Crypto mogul Arthur Hayes previously predicted that Ethereum would hit $5,000 per coin this year. He now thinks it will soar to $10,000, following the coin’s recent surge. Hayes argues in a blog post that credit expansion in the U.S. will cause the digital coin’s surge. Ethereum has made a comeback, recently hitting…
In brief The price of Bitcoin has pulled back to $117K after failing to break resistance above $121,000. XRP is down bad, falling 8.37% in the last 24 hours. But fear not crypto bulls. Technical data suggests a very normal correction at play rather than a trend reversal. Bitcoin and the rest of the crypto…
In brief Prometheum can custody a handful of tokens, but it’s now racing to support on-chain securities, founder and co-CEO Aaron Kaplan said. Kaplan testified on Capitol Hill in 2023 that the SEC had laid out a clear path to compliance for crypto firms. Some tokenized offerings resemble gambling, Kaplan argued. Tokenization could revolutionize finance,…
