Everything web3, crypto, defi, degen
In brief Gemini debuts on Nasdaq with $4.4B valuation, shares up 22.6% amid regulatory drama with CFTC nominee. Figure launches public trading at $5.3B valuation as crypto lending meets capital markets. Tokenization gains momentum with BlackRock eyeing ETF tokenization and Nasdaq proposing tokenized stock trading. Public Keys is a weekly roundup from Decrypt that tracks…
In brief Ethereum rose above $4,600 on Friday, driven by institutional accumulation from treasury companies and ETF inflows. CryptoQuant reports a surge in staking activity, including one whale moving $645 million in ETH specifically to stake it. 73% of traders on prediction market Myriad now bet ETH will reach $5,000, up from 61% at the…
In brief Four years ago, El Salvador made Bitcoin legal tender in the country. The country has been in the spotlight since then as its Bitcoin-loving president becomes a larger player on the world stage. President Bukele claims he still buys Bitcoin for the country—but the IMF says otherwise. Bitcoin advocates around the world are…
In brief The U.S. DOJ has filed a civil forfeiture action to recover over $500,000 in USDT from an Iranian national. Per the DOJ, Mohammad Abedini is founder of Iranian firm SDRA, which supplies technology used in Iran’s Shahed military drones. The USDT tokens were said to be kept in an unhosted cryptocurrency wallet, posing questions…
In brief Another Bitcoin whale moved a chuck of their crypto. The whale had not moved their $50 million in BTC for nearly 13 years, blockchain data shows. A number of long-term investors have started moving digital coins after years of dormancy since this year. Another long-term Bitcoin whale awakened on Thursday, moving a chunk…
In brief Gemini will offer 16.67 million shares of GEMI between $24-26. Trading is set to begin Friday. Even after upsizing its IPO share price, reports indicate the firm’s public launch is massively oversubscribed. By going public, the firm hopes to join the wave of recent successful crypto IPOs like Circle, Bullish, and Figure. American…
ETH LEADS MAJORS, CPI TODAY, AVAX DATS COMINGCrypto higher on lower PPI, ETH leads. BitMine buys $201m more ETH. Binance & Franklin Templeton to partner on RWAs. POP Culture Group & Robin Energy both buy BTC. XRP reserves on exchanges surge by 1.2b tokens. AVAX Foundation eyes $1b raise to setup DATs. Chainlink, UBS to…
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 Nathan Fuller was denied bankruptcy discharge after admitting to running a crypto Ponzi scheme through Privvy Investments LLC. Fuller spent investor funds on luxury goods, gambling trips, and a nearly $1M home for his ex-wife. Legal experts say the ruling shows bankruptcy won’t shield crypto fraudsters, though full recovery remains unlikely. A Texas…
In brief President Lukashenko said tokenization can cut intermediaries, automate deals, and boost user control. Belarus has seen $1.7 billion in crypto payments this year, with $3 billion projected, according to Lukashenko. Russia-aligned states like Kyrgyzstan have shown similar sanction-driven patterns. Belarusian President Alexander Lukashenko is urging the nation’s banks to ramp up their use…
