Everything web3, crypto, defi, degen
In brief GameStop disclosed 4,710 BTC on its balance sheet, valued at $528.6 million with $28.6 million in unrealized gains. Net loss narrowed to $18.5 million from a $44.8 million profit in Q1. Revenue slipped to $673.9 million from $732.4 million while operating costs fell as collectibles sales rose. GameStop narrowed its quarterly loss after…
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 Japanese crypto exchange Coincheck plans to acquire French digital asset prime brokerage Aplo. Aplo’s founders will remain with the firm and continue expansion under Coincheck’s umbrella. The deal marks Coincheck’s latest effort to broaden institutional and retail offerings abroad. Coincheck, one of Japan’s largest cryptocurrency exchanges, said Tuesday it plans to acquire French…
In brief The tokenized assets market is now worth about $600 billion globally. Europe leads in fixed-income issuance, accounting for more than half of 2024’s total. But regulators are trying to strike a balance between innovation and investor protection. The European Union’s top markets regulator is calling for a balance between financial innovation and investor…
In brief Remy St Felix was previously convicted of leading a home invasion crew that swiped crypto from victims. Already serving 47 years in prison, he was sentenced to six additional years for beating a witness. So-called wrench attacks, or physical assaults on crypto holders, have accelerated this year. A Florida man sentenced to 47…
In brief ChatGPT still leads, but Google’s Gemini and Musk’s Grok are closing fast, per Andreessen Horowitz’s Top 100 AI Apps. The AI app market is stabilizing—fewer new entrants on web, more originality on mobile. China’s AI giants and “Brink List” newcomers show the next wave of global challengers. For more than a year, OpenAI’s…
In brief A 35-year-old former crypto trader was allegedly kidnapped and tortured in Paris, with captors demanding €10,000 ransom before releasing him with a swollen face. France leads Europe with 10 crypto-related physical attacks in 2025, part of what experts call a hidden epidemic affecting the global crypto community. Cybersecurity experts warn the incidents represent…
In brief Durov has called his August 2024 arrest “legally and logically absurd,” claiming French police detained him over crimes by users he’d never heard of. The Telegram CEO must report to French authorities every 14 days despite ongoing investigation finding no wrongdoing by him or his platform. Durov remains under judicial supervision in France,…
In brief The group said the program aims to diversify its business, believing it would serve as a bridge between crypto and the NYSE. AMTD plans to use their media, hospitality, and education assets to offer asset-allocation support, VIP experiences, and financial education. All three are micro to small-cap companies, with the largest running at…
In brief A Brazilian woman was kidnapped because criminals wanted to target her crypto-trading son. Local media reported that her son had to pay about $600,000 worth of Bitcoin as a ransom. Such kidnappings, known as “wrench attacks,” are on the rise around the world. Brazilian police have arrested four individuals after they allegedly kidnapped…
