Everything web3, crypto, defi, degen
In brief Eight Sleep landed a $100M Series D from Founders Fund, Y Combinator, and F1 investors, pushing sales past $500M It’s AI “Sleep Agent” system adjusts temperature and heart rate, but users gripe about leaks, glitches, and black-box data Celebrity fan club includes Elon Musk, Mark Zuckerberg, and Scarlett Johansson—while Reddit calls it a…
In brief Bitcoin and Ethereum dipped briefly before climbing after Fed minutes shed light on why two Fed governors favored an interest rate cut at the July meeting. BTC was trading above $114,250 while ETH was just below to $4,350 following the minutes release. Fed Governors Waller and Bowman dissented, marking the first time two…
In brief The group said the program aims to diversify its business, believing it would serve as a bridge between crypto and the NYSE. AMTD plans to use their media, hospitality, and education assets to offer asset-allocation support, VIP experiences, and financial education. All three are micro to small-cap companies, with the largest running at…
In brief Eight trade groups have urged the Basel Committee to “temporarily pause” crypto standards set for January 2026. The associations warn current capital requirements of up to 1,250% for crypto assets far exceed those for traditional investments like corporate bonds. An industry expert told Decrypt the 2022 rules reflect outdated risk perceptions from the…
In brief Markets slid further on Tuesday, with equities and other risk assets falling ahead of jobs and economic data. Bitcoin was recently down 3.5% as investors awaited incoming economic data and remarks by Fed Chair Jerome Powell. Ethereum also continued its retreat after nearly hitting a record high last week. Bitcoin sank below $113,000…
In brief BitMine Immersion Technologies added $1.7 billion in ETH in the last week. The firm now holds more than 1.5 million ETH, or greater than 1% of the total Ethereum supply. Shares of BMNR are trading down 3.7% on the day, but still outperforming ETH. BitMine Immersion Technologies added $1.7 billion or more than…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
In brief An indictment was unsealed against former Zero Edge CEO Richard Kim. He allegedly admitted to gambling away the crypto casino firm’s seed round funding. Federal prosecutors say he misappropriated $3.8 million. Federal prosecutors in New York are pursuing fraud charges against the former CEO of a crypto-powered casino, claiming the 39-year-old gambled away…
In brief Investors put over $1 billion into Ethereum ETFs on Monday, breaking the single-day record. The surging investment shows that people finally understand the cryptocurrency, Bloomberg analyst Eric Balchunas told Decrypt. Ethereum’s price is now close to breaking a new all-time high, topping $4,500 on Tuesday for the first time since 2021. Investors threw…
Ethereum’s momentous surge continued Tuesday afternoon, with the price of the second-largest cryptocurrency by market cap topping $4,500 for the first time since 2021.ETH has surged by 26% over the last week alone, pushing its 30-day gain to over 50%. Compare that to Bitcoin, which is up about 6% on the week and roughly flat…
