Everything web3, crypto, defi, degen
We are excited to announce we’ve enhanced our equities offering for U.S. users, introducing a suite of new features designed to provide a seamless and comprehensive trading experience. These additions aim to further bridge the gap between traditional finance and digital assets, offering investors a unified platform to manage their portfolios. What’s new? 1. Seamless…
In brief Avalanche Treasury Co. is merging with Mountain Lake Acquisition Corp. in a $675 million deal, targeting a Nasdaq listing in Q1 2026 with $460 million in treasury assets. An exclusive Avalanche Foundation partnership includes a $200 million initial AVAX purchase at a discount, offering investors 23% savings versus direct purchases. The firm’s goal…
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 Kentucky Senator Brandon Smith faces two lawsuits over his Bitcoin mining repair company Mohawk Energy, including claims of misrepresentation and breach of contract. Smith, who authored Kentucky’s 2021 crypto mining tax incentive bill, denies all allegations and has filed counterclaims against both plaintiffs. The legal troubles highlight growing pains in the U.S. crypto…
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 Over $800 million was pulled out of crypto ETFs worldwide last week, CoinShares said Monday. Most of that came from investors pulling funds out of Bitcoin funds as the leading coin’s price fell. But Solana and XRP funds attracted inflows, bucking the trend from BTC and ETH funds. Investors pulled money out of…
In brief The price of Ethereum has dropped 10% in the past month and is currently just above $4,000. Macroeconomic uncertainty has slowed demand from institutions, resulting in reduced institutional accumulation via daily ETF net flows and DAT-driven purchases. Experts suggest the realized price of accumulating Ethereum addresses around $3,000 is a pivotal support. Investor…
Australia has released draft legislation to regulate digital asset platforms, proposing a framework that extends financial services laws to crypto businesses in an effort to bolster consumer protections and provide clarity for the industry.Assistant Treasurer Daniel Mulino announced the reforms on Wednesday at the Digital Economy Council of Australia’s Global Digital Asset Regulatory Summit. He described…
In brief GSR Digital Asset Treasury Companies ETF will invest at least 80% of its assets in firms that hold cryptocurrencies in their corporate treasuries. The market maker’s registration statement to the SEC included proposals for four other funds that would focus primarily on Ethereum and staking. London-based GSR recently opened a U.S. asset management…
In brief FTX’s new management is suing Bitcoin miner Genesis Digital Assets for $1.15 billion. The FTX Recovery Trust alleges that the exchange’s ex-CEO Sam Bankman-Fried used comingled customer cash to invest in Genesis Digital Assets. FTX collapsed in 2022 and Bankman-Fried is now serving a 25-year prison sentence. The FTX Recovery Trust is suing…
