Everything web3, crypto, defi, degen
In brief Salaries and token incentives declined across nearly all roles and regions, according to Dragonfly’s latest crypto compensation report. Western Europe remains a dominant labor hub, while Asia’s hiring share nearly doubled year-over-year. Most crypto firms remain remote-first, with slower hiring and a widening gap between top executives and staff pay. Crypto salaries are…
In brief Arthur Hayes has previously attacked the U.S. Federal Reserve in his blog posts. This time he’s focusing on the European Central Bank—and honing in on France’s debt. The crypto entrepreneur argues that France’s debt and money printing will cause Bitcoin’s price to surge. Crypto mogul Arthur Hayes has previously attacked the U.S. central…
In brief Telegram founder Pavel Durov said French intelligence sought the removal of opposition channels ahead of Moldova’s 2024 election. His allegations come as Moldova’s pro-European party leads in a new parliamentary vote marked by claims of Russian interference. The dispute underscores rising state pressure on digital privacy platforms, from messaging apps to crypto networks.…
In brief Two brothers have been charged with kidnapping after allegedly holding a family hostage in a plot to steal $8 million in crypto. The brothers allegedly forced their way into the family’s home at gun point. The local school district canceled a homecoming football game as police searched for the brothers. U.S. federal prosecutors…
In brief An Interpol operation encompassing 40 countries has seized $439 million from suspected criminals. Law enforcement agencies froze 400 crypto wallets, from which they recovered $16 million in crypto. Investigated crimes include investment fraud, money laundering related to illegal gambling, sextortion, and e-commerce fraud. Interpol has seized a total of $439 million in criminal…
In brief Backpack will likely offer spot crypto trading in the U.S. this year, according to CEO Armani Ferrante. The debut is contingent on attaining money-transmitter licenses. The firm rolled out perpetual futures trading in the EU earlier this week. Backpack’s crypto exchange will likely debut in the U.S. this year, starting with spot trading…
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…
