Everything web3, crypto, defi, degen
In brief Over $500 million in long positions in the crypto market were liquidated in the past 24 hours. Bitcoin and XRP prices are holding to support levels, but there are caution flags being waved. Ethereum, meanwhile, continues to show strength despite the dip. The crypto market is painting the charts red today, with a…
In brief New York State Assemblymember Phil Steck proposed a 0.2% excise tax on cryptocurrency transactions. He estimates that the tax would generate $158 million annually, based on Chainalysis data from 2022 to 2023 and recent GDP statistics. The revenue would help combat substance abuse in upstate New York. New York Assemblymember Phil Steck introduced…
In brief Illegal crypto miners in Tajikistan caused $3.52 million in damages in the first half of 2025, the country’s Attorney General said. Authorities in Kazakhstan recently cracked down on crypto miners using illegally sourced energy, pointing to a growing problem in Central Asia. Experts told Decrypt that Central Asia’s combination of cheap costs and…
In brief Experts generally agree that favorable regulatory shifts in the United States and massive buy-ups of Ethereum on Wall Street have enabled ETH’s current, ongoing streak. Some analysts contend these factors are so bullish for Ethereum, that the token will continue to surge through the end of the year, potentially beyond $7,000. Others caution,…
In brief TRON founder Justin Sun is suing Bloomberg to block publication of his detailed crypto holdings. Sun warns that disclosing specific crypto amounts would expose him to “wrench attacks,” and enable criminals to identify his wallet addresses. Bloomberg journalists allegedly promised his data would remain “strictly confidential,” but the company now plans to publish…
In brief Google Play will require software wallets to obtain jurisdiction-specific licenses before distribution in regulated markets. The announcement prompted initial backlash over fears that the rules would extend to non-custodial wallets on Android devices. Google clarified that non-custodial wallets are exempt from the policy and said it will update its Help Center to reflect…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief The Consumer Price Index rose 2.7% in the 12 months through July. Tuesday’s inflation reading was cooler-than-expected. September rate cut odds slightly fell after the release. The price of Bitcoin and other cryptocurrencies rose Tuesday after a widely watched inflation gauge showed that U.S. consumer prices rose less than expected in July.The Consumer Price…
In brief GPT-5 is fast, accurate, and cost-effective at code generation, beating most rivals in logic and technical tasks. However, with its relatively small context window, it’s weak in creative and right-brain output. It’s still a work in progress and will likely get better as OpenAI iterates with updates. OpenAI finally dropped GPT-5 last week,…
In brief The Uniswap Foundation published a proposal for Uniswap Governance to become a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA). The Cowboy State enacted the legal framework for DAOs last year. It would allow Uniswap Governance to operate with greater legal clarity, Uniswap Foundation General Counsel Brian Nistler said. The Uniswap Foundation published a proposal…
