Everything web3, crypto, defi, degen
In brief FTX’s new management is suing Bitcoin miner Genesis Digital Assets for $1.15 billion. The FTX Recovery Trust alleges that the exchange’s ex-CEO Sam Bankman-Fried used comingled customer cash to invest in Genesis Digital Assets. FTX collapsed in 2022 and Bankman-Fried is now serving a 25-year prison sentence. The FTX Recovery Trust is suing…
In brief Implied volatility remains low despite Bitcoin’s dip following a wipe out $1.65 billion in long positions across the crypto markets. Put-buying activity shows options traders are expecting further downside this month. Long-term positioning over the next three to six months remains bullish. Bitcoin extended weekend losses on Monday, triggering one of the largest…
In brief The plan includes auto-enrolment pensions, tax incentives, and steps toward market integration. Oversight changes could give ESMA a role in supervising crypto and cross-border infrastructures. The push follows warnings on stalled reforms and comes amid debate over the digital euro. The European Union is preparing a year-end push to expand pension savings and…
For 14 years, we have been one of the most trusted crypto platforms. Our vision is for Kraken Launch to support project teams throughout their token journey by offering services before, during and after token sales. Why Kraken Launch? Crypto started with an ethos of open access for all. However, the first chance retail has…
In brief Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven mostly by U.S. ETFs. The recent uptick in investor risk appetite is driven by rate cut expectations and new crypto IPOs. Despite institutional demand outpacing new Bitcoin supply, realized and implied volatility remain historically low. Bitcoin exchange-traded products globally logged net…
In brief 21Shares launched a new ETP tied to dYdX’s native token, extending regulated access to one of the largest decentralized derivatives protocols. The product follows 21Shares’ earlier DeFi ETPs including Aave and Uniswap launched in 2022, becoming Europe’s largest crypto ETP issuer with 48 products. DYDX was chosen because it “adds a distinctive dimension”…
In brief Projects are fighting over who will take control of the USDH ticker to create a “Hyperliquid-aligned” stablecoin. Major companies like Ethena, Paxos, Sky, and Agora have submitted proposals, most of which include a way to give back to the Hyperliquid community. But the relative newcomer Native Markets is currently looking most likely to…
In brief Solana hit $219.50 and XRP rose above $3 as both cryptocurrencies outperform the broader market while Ethereum cools down. Prediction markets show 54% of users expect Solana to reach new all-time highs by year-end, with similar bullish sentiment for XRP hitting $4. Expected SEC approval of Solana and XRP ETFs in the U.S.…
In brief French police have freed a 20-year-old Swiss citizen held hostage in Valence. France has become Europe’s hotspot for violent crypto-related kidnappings, known as “wrench attacks.” Similar incidents are on the rise worldwide. French authorities have detained seven suspects following the kidnapping of a 20-year-old Swiss man, believed to be the latest case in…
In brief Porsche will unveil its 11 kW wireless charging system in Munich next week, the automaker said Thursday. Wireless charging will be offered in Europe from 2026, with global markets to follow. A floor pad transfers power to a receiver under the SUV; efficiency is ~90%, comparable to plug-in charging. Porsche will unveil its…
