Everything web3, crypto, defi, degen
In brief Ethereum jumps 7.75% from Sunday’s low, highlighting its resilience amid macro headwinds. A spike in spot ETF inflows and fresh wallets buying the top second crypto highlights sophisticated investor demand. Experts attribute mindset and opportunities as key reasons why retail investors are sidelined. Ethereum’s strong performance in the second quarter is a testament…
In brief Tether reported a second-quarter profit of $4.9 billion. CEO Paolo Ardoino teased a new U.S. venture. The stablecoin is still partly backed by Bitcoin and precious metals. Tether reported a second-quarter profit of $4.9 billion on Thursday, as CEO Paolo Ardoino teased a new, U.S.-specific venture for the stablecoin giant on social media.In…
Kraken is in build mode. We are creating a multi-asset platform that enables anyone to trade anything, anytime, anywhere. In Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled. We are pushing the envelope on geo expansion and establishing ourselves as the infrastructure provider that will power the next generation…
When the market’s hot, having a plan is half the profit. That’s the mindset pro trader Dentoshi brought to our latest live session, hosted by Kraken’s VP Growth, Matt Howells-Barby. In front of thousands of live viewers, Dentoshi opened up her process for preparing to trade in bullish market conditions – from weekly reviews and…
In brief Strategy has closed a $2.5 billion offering of STRC, its new perpetual preferred stock. Funds were used to buy 21,021 BTC at an average price of $117,256. Strategy now holds around 629,000 BTC worth roughly $73 billion. Michael Saylor’s Strategy has yet again pulled off the largest crypto-linked equity raise this year, closing…
In brief Steam and Itch.io removed a wide range of adult games, following Collective Shout issuing an open letter to payment processors about titles involving “rape, incest, and child sexual abuse-themed games.” Collective Shout told Decrypt that it had “discussed” also pressuring crypto payment processors to do the same and may revisit the issue in…
In brief CoinDCX CEO Sumit Gupta denied reports that Coinbase is in talks to acquire the exchange, calling the claims “rumors.” The news comes after CoinDCX was hacked for $44.2 million hack on July 18, prompting the exchange to launch a bounty program. Coinbase, already FIU-registered in India, is eyeing deeper expansion as it allegedly…
In brief Vincent Mazzotta pleaded guilty to money laundering and obstruction in a $13 million crypto Ponzi scheme The scheme involved the use of fake AI trading bots and a fictitious agency called the “Federal Crypto Reserve. Victims were duped twice, first through bogus crypto investments, then again by being charged fees for fake investigations…
In brief Tron Inc. plans to raise up to $1 billion to fund ongoing TRX accumulation. The company disclosed its toy business no longer generates positive cash flow. Its strategy is an attempt at “aggressive liquidity engineering,” an analyst told Decrypt. Tron Inc., a Nasdaq-listed company formerly focused on theme park merchandise, has registered up…
In brief ASIC has accused Bitget of offering unlicensed crypto futures to Australians, lacking an AFS licence and bypassing investor protections. Bitget’s products offer up to 125x leverage, far above ASIC’s 2:1 limit, exposing users to major financial risks, ASIC said. Global regulators have issued similar warnings since 2022, with actions taken in Spain, Japan,…
