Everything web3, crypto, defi, degen
In brief A federal appeals court affirmed the Fed’s ability to deny crypto bank Custodia a master account. Custodia had argued the Fed had no choice but to award a master account to eligible banks. The Fed said it could deny Custodia an account based on the risk posed by crypto activity. Custodia said it…
In brief Fold and Steak ‘n Shake are partnering to provide Bitcoin rewards for Bitcoin Steakburger buyers. Those who buy the burger or Bitcoin meal can earn $5 in BTC, claimable via the Fold app. Shares in FLD are down around on the day, but Bitcoin is up slightly on the day. Publicly traded Bitcoin…
In brief India’s Madras High Court ruled Friday that crypto constitutes property protected under constitutional law, blocking WazirX from reallocating user assets under its Singapore restructuring plan. Justice N. Anand Venkatesh granted an injunction protecting 3,532 XRP tokens, rejecting the exchange’s “socialization of losses” scheme following the July 2024 hack that drained $234 million. The…
In brief Rebecca Slaughter, a Democratic FTC commissioner fired by the Trump administration, is suing over her dismissal in a case that could effectively end the independence of federal regulators. Her husband, a crypto lobbyist at Paradigm, is working to pass a crypto bill that could see its chance of passage dwindle if the Supreme…
In brief Created in response to Bitcoin’s perceived limitations, Zcash offers privacy with zk-SNARK tech. In 2025, Zcash undergoes its halving, a funding overhaul, and a software migration—its biggest test yet. A decade on, Zcash is one of the privacy coins fighting for private, and decentralized payments. For many years, Bitcoin was used to buy…
In brief Polymarket is set to reopen to U.S. users, possibly as soon as tomorrow. The relaunch comes nearly four years after being banned by the CFTC and after its $112 million acquisition of CFTC-licensed exchange QCX LLC. The company has begun self-certifying event contracts including athletic events and election markets. Prediction market Polymarket is…
In brief President Trump signed an executive order Tuesday directing the NIH to spend $50 million on AI projects aimed at improving childhood cancer research and treatment. The initiative will fund scientific teams to enhance clinical trials, sharpen diagnoses, and develop better therapies using data from the Childhood Cancer Data Initiative. The announcement comes as…
In brief PrizePicks becomes first sports entertainment operator to receive FCM license from National Futures Association, allowing it to offer prediction markets. The move follows European lottery giant Allwyn International’s $1.6 billion acquisition of 62.3% stake in PrizePicks earlier this week. PrizePicks joins FanDuel as the second major brand in sports entertainment and gaming to…
In brief Rex-Osprey’s DOJE ETF delivered substantial trading volume upon its debut Thursday. The issuer is now seeking approval for a leveraged ETF product that grants 1-1.5x leveraged exposure to DOJE. Beyond the leveraged long exposure, its objective is to send weekly distributions to holders. Rex-Osprey’s DOJE, the first U.S. spot Dogecoin ETF, produced strong…
In brief Base is an Ethereum layer-2 network launched by crypto exchange Coinbase. The exchange wants Base to onboard “billions of users to the cryptoeconomy.” In September 2025, Coinbase revealed that it is “exploring” a token launch for Base. Leading American crypto exchange Coinbase ventured deeper into the on-chain economy with the launch of its…
