Everything web3, crypto, defi, degen
In brief Decentralized exchange Bunni announced its permanent shutdown Wednesday, saying it lacks the capital for a secure relaunch requiring six to seven figures in audit expenses alone. The September 2 hack drained $8.4 million through flash loan manipulation and rounding errors, with stolen funds remaining unmoved in Tornado Cash-funded wallets. Users can still withdraw…
In brief Developer activity is rising again after a post-FTX slump, led by Ethereum, Solana, and zero-knowledge projects. Stablecoin transactions now top $9 trillion annually, showing steady real-world use. Andreessen Horowitz says U.S. regulation is “finally normalizing,” but warns volatility and fraud still threaten progress. The cryptocurrency industry is no longer a niche experiment, but…
In brief The NHL has signed multi-year licensing deals with prediction market startups Kalshi and Polymarket. Weekly prediction market volume surpassed $2 billion for the first time, with sports betting driving $414.7 million in volume last week. Major funding rounds have propelled valuations, with Kalshi recently raising $300 million and Polymarket securing $2 billion. The…
We are making four new pairs available for margin trading, taking our total to over 240 markets enabled for margin trading on Kraken Pro! Margin trading is now available for: Here’s some more information about the token: Mantle (MNT) is an Ethereum Layer 2 solution with a goal of creating an EVM-compatible scaling solution. Featuring…
In brief In April, Armbrust pled guilty to computer fraud after using his ex-employer’s AWS account to mine Ethereum. Armbrust was sentenced to three years of probation and ordered to repay the full amount, court records show. The mining operation cost his former employer over $45,000 in cloud fees while netting him about $5,800 in…
In brief Last year, $10 million was sent to a pre-sale wallet for the hotly anticipated Solana meme coin Slerf. The dev accidentally burned it all. Now, 19 months later, the Slerf dev has finally refunded every pre-sale participant in Solana tokens. The milestone was reached as the meme coin migrated to a new token…
In brief A young teen girl was hospitalized in New Delhi, India after popular streamer Sam Pepper hit her in the face with a firework. The controversial British prankster told Decrypt that he paid the victim’s family in cash to cover hospital fees, and that he won’t be playing with fireworks again. Pepper was banned…
In brief Galaxy Digital disclosed $505 million in Q3 profits. Assets on Galaxy’s platform reached a record $17 billion. The firm recently unveiled a Coinbase and Robinhood competitor. Galaxy Digital shares jumped on Tuesday after the institutional crypto firm reported $505 million in third-quarter profits amid an increasing amount of assets on its platform.The New…
In brief Google Threat Intelligence Group researchers have uncovered North Korean hackers using EtherHiding malware. EtherHiding enables stealthy, untraceable malware delivery through smart contracts. The regime’s hackers have stolen over $2 billion so far in 2025 alone, most from the Bybit exchange breach. Google’s Threat Intelligence Group has warned that North Korea is using EtherHiding—a…
In brief Coinbase says U.S. AML laws are “broken” and wants Treasury to adopt AI, APIs, and zero-knowledge proofs to modernize compliance. The exchange proposes safe harbors for AI use and recognition of decentralized IDs to reduce costly, privacy-risky KYC duplication. Coin Center warns traditional AML on stablecoins could create a “CBDC-style panopticon” as Treasury…
