Everything web3, crypto, defi, degen
In brief Monad will open its MON token airdrop claim portal next Tuesday. Further details about the actual airdrop and mainnet launch will come “in the near future”, the company told Decrypt. The closely watched blockchain project has not yet revealed who qualifies for the airdrop, or details about MON’s token supply and distribution. The…
In brief Bernie Sanders is calling for a 32-hour work week and a “robot tax” on corporations. Lawmakers are split over whether his plan helps or hinders tech growth. Experts say AI’s speed and long-term job impact remains uncertain. In a YouTube video released Wednesday, U.S. Sen. Bernie Sanders (I-VT) warned that artificial intelligence could…
In brief Block founder Jack Dorsey tweeted a call for a de minimis tax exemption on everyday Bitcoin transactions, prompting Sen. Cynthia Lummis to reply she’s “Working on it.” Lummis urged supporters of the tax exemption to contact their representatives. The exemption was part of crypto tax reforms that failed to make it into Trump’s…
In brief Realized profits have fallen 50% since July, signaling restrained selling pressure. Long-term holders’ profit margins remain well below overheated cycle levels. Derivatives traders are clustering around $120,000 call options, reinforcing bullish sentiment. Bitcoin’s push to new record highs this week isn’t letting up, with on-chain data and derivatives activity revealing a market built…
In brief Zcash has surged over 140% in two weeks, hitting its highest level since 2021. Nearly $2 million in short positions were liquidated as the token climbed to $170. Analysts cite Grayscale access and endorsements from Naval Ravikant as key drivers. The token belonging to privacy blockchain Zcash has more than tripled in value…
In brief The crypto market’s pullback Wednesday morning triggered $635 million in liquidations over the past 24 hours. The short-term pressure was the result of profit-taking, gold’s rebound, and a stronger dollar, analysts told Decrypt. Analysts view this drop as a healthy correction, with a target of $132,000 to $135,000 if key support holds. Bitcoin…
In brief Two men are set to stand trial in Glasgow’s High Court for allegedly plotting to steal almost $23 million in crypto in a series of robberies. The pair are accused of having identified targets known to own “significant amounts” of cryptocurrency. According to the prosecution, some of the planning was conducted while at…
In brief PancakeSwap’s Chinese X account was hacked to promote a scam meme coin token. CAKE token’s price remains largely unaffected. Security experts noted weak user security awareness and phishing as key reasons. The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named “Mr.…
In brief Rebecca Slaughter, a Democratic FTC commissioner fired by the Trump administration, is suing over her dismissal in a case that could effectively end the independence of federal regulators. Her husband, a crypto lobbyist at Paradigm, is working to pass a crypto bill that could see its chance of passage dwindle if the Supreme…
In brief Created in response to Bitcoin’s perceived limitations, Zcash offers privacy with zk-SNARK tech. In 2025, Zcash undergoes its halving, a funding overhaul, and a software migration—its biggest test yet. A decade on, Zcash is one of the privacy coins fighting for private, and decentralized payments. For many years, Bitcoin was used to buy…
