Everything web3, crypto, defi, degen
In brief A new survey by Reown found that stablecoin owners outnumber Solana holders. Crypto payments and stablecoins have become the “real breakout use case,” for crypto, Reown CEO Jess Houlgrave said. Barriers to adoption include user experience, though solutions such as the WalletConnect Network are addressing the fragmentation of networks and chains. Owners of…
In brief Kitabo Co., a century-old Japanese textile firm, plans to buy Bitcoin worth ¥800 million (approx. $5.4 million). The move aligns with a broader trend in Asia, where traditional firms like Metaplanet are adopting Bitcoin to hedge against monetary debasement. Kitabo will acquire the digital asset via dollar-cost averaging and may lend holdings to…
In brief A man has been indicted in an alleged cross-border fraud scheme. Authorities traced and seized $7.1 million in crypto, with assets moving through U.S. banks, offshore accounts, and at least 19 wallets. DOJ officials say blockchain tracing helped recover funds and identify connections to exchanges abroad. A Washington State man has been indicted…
In brief Telegram’s native crypto wallet app is rolling out to users in the United States. The TON Wallet allows users to buy, sell, and send crypto directly in the Telegram messaging app. TON Wallet is developed by The Open Platform, the TON ecosystem’s first company with unicorn status. Telegram’s native crypto wallet is beginning…
In brief Coinbase has launched CFTC-regulated perpetual futures for U.S. traders, offering up to 10x leverage. The move follows last week’s signing of the GENIUS Act, a landmark crypto law by President Trump. The launch fills a long-standing gap in U.S. crypto markets, Decrypt was told. Coinbase launched CFTC-regulated perpetual futures for U.S. customers Monday,…
In brief Dogecoin, the eighth biggest cryptocurrency by market value, has gained more over the past week than any of the other top 20 coins and tokens. Grayscale analyst Zach Pandle attributes the gains to investors’ renewed appetite for risk. Investors are now looking at altcoins following major July gains from Bitcoin and Ethereum, experts…
In brief The Ether Machine is debuting on the Nasdaq with a $1.5 billion stash of Ethereum. The company plans to leverage staking and decentralized finance. At 400,000 Ethereum, the company’s holdings would be the largest among entities that have joined a so-called Strategic Ethereum Reserve. Another firm dedicated to generating Ethereum is making its…
In brief Crypto custody firm BitGo confidentially filed for an initial public offering (IPO). The firm was last valued at $1.75 billion following a $100 million fundraise in 2023. If approved, it will join a growing list of crypto firms that have gone public in 2025 like Circle and eToro. Crypto custody provider BitGo confidentially…
In brief CoinDCX confirmed a $44 million hack on July 19 that affected an internal liquidity account, while assuring that customer funds remain safe. The exchange launched a bounty program offering up to 25 percent of recovered funds, with a potential payout of $11 million to those who assist in tracing the stolen assets. The…
In brief PENGU has jumped 26.7% over the past 24 hours, as its associated NFT collection, Pudgy Penguins, has seen its floor price also climb double digits. It comes following an unknown user sweeping 45 CryptoPunks, which has sparked interest in NFTs. As a result, major collections like Bored Ape Yacht Club, Moonbirds, and Azuki…
