Everything web3, crypto, defi, degen
In brief Asian session’s 46% cumulative returns over the past year tower over the U.S. 31% and the EU’s 29%. While the Asian session may temporarily knock back U.S. and EU institutions, it won’t be enough to kickstart the second half of the bull run. Liquidity, leverage, and macroeconomic conditions will determine how long this…
In brief Ripple’s RLUSD stablecoin was integrated in Securitize’s platform. Two tokenized money market funds can now be exchanged for the stablecoin. BlackRock’s BUIDL is worth $2 billion, per RWA.xyz. Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset.The feature was…
In brief Altcoins Mantle and Avalanche are the only tokens in the top 100 cryptocurrencies that have posted double-digit gains on the day. Perpetual futures decentralized exchange Aster has also defied the market downturn with substantial gains. Bitcoin and Ethereum have traded flat on the day, and a large portion of the market has seen…
In brief Chinese regulators have reportedly given informal guidance to brokers to halt tokenization activity offshore. Hong Kong is pushing ahead with stablecoin licensing and its broader digital asset push. Observers see a temporary cooling period, not a reversal of institutional demand. China’s securities regulator has reportedly instructed some brokerages to pause their real-world asset…
In brief Crypto industry veteran Michael Alfred is joining the board of Bakkt, a provider of digital asset services. The company’s share price jumped more than 40% on the day. Bakkt has been looking to reposition itself in recent months, including with plans for a potential Bitcoin treasury. Bakkt Holdings’ share price jumped past analysts’…
In brief The U.S. and UK formed a joint task force to align crypto rules and ease cross-border capital flows. The group, led by both nations’ treasury departments, is set to deliver policy recommendations by March 2026. Experts say the plan could boost global adoption of tokenized securities, stablecoins, and other digital assets. The United…
In brief BitMine Immersion now holds 2% of the total ETH supply following its latest buy. The Nasdaq-listed Bitcoin miner pivoted to a Ethereum-buying strategy in May. Its stock was trading lower on Monday following the ETH buy and a stock sale. Nasdaq-listed Bitcoin miner BitMine Immersion bought more Ethereum last week, bringing its total…
In brief Bitcoin and Ethereum ETFs attracted $1.9 billion in net inflows last week, driven by investor optimism following the Federal Reserve’s first rate cut of the year. BlackRock’s iShares Bitcoin Trust dominated with $866 million in deposits, while XRP and Solana ETPs also saw strong demand at $69.4 million and $127.3 million respectively. Despite…
In brief Bitcoin mining firm AgriFORCE Growing Systems announced plans to begin an Avalanche treasury. The firm’s stock price skyrocketed following the announcement, rising over 200% on the day at one point. AgriFORCE is raising $300 million via a PIPE led by HiveMind Capital, and has added Anthony Scarmucci to its advisory board. The crypto…
In brief The UAE Ministry of Finance signed the Multilateral Competent Authority Agreement under CARF on Sunday, following its November 2024 announcement. Implementation begins in 2027, with the first international tax information exchanges expected in 2028. An eight-week public consultation launched on September 15 invites all crypto stakeholders to weigh in on potential impacts and…
