Everything web3, crypto, defi, degen
In brief Biotech firm 180 Life Sciences is rebranding to ETHZilla and starting an Ethereum treasury. The firm is raising $425 million via a PIPE offering, and using proceeds to buy ETH. Shares are down more than 99% all-time, but finished the day up more than 10%. Publicly traded biotech company 180 Life Sciences is…
In brief SharpLink’s Ethereum holdings have more than doubled over the past three weeks Shares have tumbled as Ethereum’s rally has cooled over the past week. The company is aligning itself with Consensys’ Ethereum layer-2 network Linea. SharpLink Gaming has spent $780 million on Ethereum in July, establishing itself as one of the asset’s largest…
In brief Ethereum layer-2 network Linea aims to be the future home to the world’s Ethereum capital. The network unveiled some token details and mechanisms designed to support ETH and LINEA. Ethereum-aligned companies like SharpLink Gaming, ENS Labs, and Eigen Labs will collectively steward 75% of the LINEA token distribution as part of the Linea…
In brief Ethereum topped $3,900, its first time above that level since December, before retreating. Bernstein analysts said that Ethereum treasuries would have to weigh liquidity risks. The ETH treasuries have followed a general model pioneered by Bitcoin pioneers like Strategy. Ethereum treasuries are treating the asset differently than their Bitcoin-focused counterparts, generating staking rewards…
In brief A game released on Steam Early Access contained malicious software that could have compromised victims’ data, according to a report from cybersecurity firm Prodaft. Steam appears to have pulled the game from its pre-release Early Access platform. This isn’t the first time that games launched via the popular Steam platform have contained malware.…
In brief Former Sky Mavis and Voodoo executive Quinn Campbell has joined Yield Guild Games as its as its third-party publishing advisor. Campbell is helping YGG Play test which game formats can scale under a single monetization model. YGG is targeting a crypto-native audience it calls Casual Degens: players drawn to fast, rewarding loops. Most…
In brief Solana co-founder Anatoly Yakovenko dismissed meme coins and NFTs as “digital slop,” in a discussion with Coinbase’s Jesse Pollak. Pollak defended platforms like Zora, calling content “incredibly valuable” and coins “the most powerful technology” for enabling value transfer to creators. Despite Yakovenko’s criticism, Solana remains deeply tied to meme coin activity, with launchpad…
In brief BlackRock’s former head of digital assets strategy, Joseph Chalom, is joining SharpLink Gaming as co-CEO. Chalom helped launch BlackRock’s Bitcoin and Ethereum ETFs. Shares of SBET have dropped over 6% on the day. A former digital assets executive at BlackRock, Joseph Chalom, has joined publicly traded Ethereum treasury company SharpLink Gaming as co-CEO,…
In brief Strategy is upsizing its STRC preferred stock offering to nearly $2.5 billion. STRC will offer a variable monthly dividend, starting at 9%. The firm intends to use the net proceeds from the sale to add to its $70 billion Bitcoin stash. Michael Saylor’s Bitcoin treasury firm Strategy is boosting its preferred stock offering…
In brief Off the Grid has started to allow players to “export” NFT skins so they can trade them on OpenSea. It comes the week after the game was rolled out on popular PC storefront Steam. An avid Off the Grid skin collector called it the “greatest week” for the game, citing new players entering…
