Everything web3, crypto, defi, degen
In brief Bitcoin miner manufacturer Canaan said Thursday that it has landed an order for over 50,000 rigs. The order, from an undisclosed U.S. customer, is the firm’s largest single order in the last three years. Canaan shares surged in early trading Thursday following the announcement. Canaan Inc., a Singapore-based cryptocurrency mining equipment manufacturer, announced…
In brief Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve. Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.” The U.S. and other nations have already explored or held strategic Bitcoin reserves. Two members of the…
In brief Ethereum sits 13.8% from its all-time high versus Solana’s steeper 34.12% climb. Prediction market Myriad places odds at 62% that ETH hits a new high before any major drop. Myriad users are bearish at the moment on a new SOL high. Here’s what the charts are looking like. Goodbye “red September,” hello “Uptober.”…
Layer-1 blockchain Sei is using Japan’s licensing regime and partnerships with global institutions as the cornerstone of its expansion into Asia, according to Lee Zhu, the network’s director of growth for APAC.Speaking with Decrypt ahead of a packed week at Token2049 in Singapore, Zhu said Sei secured the necessary approvals in Japan last year, enabling…
In brief Schwartz is concluding his 13-year tenure as CTO at Ripple and will join its board to guide the company’s long-term vision. He plans to spend more time on an XRPL node, exploring new XRP use cases, and engaging in hands-on coding for community projects. Stablecoins, tokenized assets, and decentralization remain central to his…
In brief The crypto market is poised to close in the green for September as Bitcoin rallies above $114k. Altcoins like ADA and DOGE, though, aren’t faring nearly as well. Technical indicators and prediction market data diverge on the near and long-term market view. The crypto market is nursing another day of modest losses—but they’re…
In brief Turkey is reportedly drafting legislation to grant its financial intelligence unit Masak expanded powers to freeze bank and crypto accounts linked to suspected criminal activity. The bill would allegedly allow the watchdog to shut down accounts, limit transactions, and blacklist crypto wallet addresses across banks, payment firms, and exchanges. Experts warned the measures…
In brief The integration aims to streamline swaps–crypto-to-crypto trades that bypass centralized platforms–and other DeFi processes within Porto’s dashboard. In an announcement,Anchorage noted the “delicate balance” for institutions interconnecting with DeFi to manage dapps. In July, Jupiter announced the introduction of a new lending product. Anchorage Digital said on Tuesday it will add Solana swap…
In brief The SEC’s adoption of generic listing standards has made the 19b-4 review clock irrelevant, shifting the approval process to S-1 registrations. Bloomberg analyst Eric Balchunas said Solana’s S-1 just filed its fourth amendment, signaling that approval could come soon. A Solana ETF could trigger speculative buying but may also face a “sell the…
In brief An old address holding 400 Bitcoin worth over $44 million has moved their “digital gold.” The coins had sat in the digital wallet since November 2013. Bitcoin is up 16,000% since then. A growing number of “Satoshi-era” investors have moved their Bitcoin in recent months with BTC steadily above $100K. Another long-term Bitcoin…
