Everything web3, crypto, defi, degen
In brief CoreWeave’s revenue has tripled while its order backlog grew, but losses persisted and operating margins compressed to just 2% from 20% a year ago. Shares fell by 10% after-hours as thinner margins and a bigger loss rattled investors. Observers flagged how depreciation of CoreWeave’s current hardware may mask losses, and rivals catching up…
In brief Bitcoin’s weekend rally stalled Monday as traders booked profits. Experts suggest a potential drawdown if Tuesday’s U.S. CPI print comes in hotter than expected. Bitcoin options data shows traders are hedging for downside risk with puts. Bitcoin’s surprise weekend rally hit a wall Monday with a move that undid more than half of…
In brief Vitalik Buterin, the co-founder of Ethereum, is a billionaire following ETH’s 20% weekly rise. Wallets connected to Buterin hold $1.045 billion worth of assets, mostly Ethereum. ETH’s recent surge has seen it pass several traditional companies in market capitalization, including defence contractor Palantir. Ethereum co-founder Vitalik Buterin is an “on-chain billionaire” again, as…
In brief Developers report regressions in coding ability, raising doubts about GPT-5’s “reasoning powerhouse” claim. Rollout frustrations mount as older models vanish and access differs sharply across pricing tiers. PR stumbles and ethical concerns deepen skepticism around OpenAI’s most ambitious model yet. OpenAI’s much-hyped launch of GPT-5—touted as a groundbreaking leap in artificial intelligence—has instead…
In brief Spanish bank BBVA will hold client funds in U.S. Treasuries, accepted by crypto exchange Binance as collateral for trades. The arrangement follows Binance’s $4.3 billion U.S. fine and FTX-driven demand for independent custody. Analysts say the move signals growing institutional trust and a maturing market infrastructure. Binance has tapped Banco Bilbao Vizcaya Argentaria…
Your trading reflexes, upgraded. With the new Trade Shortcut module in Kraken Desktop, you can now place pre-configured trades instantly — no forms, no hesitation. Build custom buttons for any strategy, from quick entries and exits to smart OSO setups.Speed, precision, and control — now at your fingertips. On Kraken Desktop, you can now:⚡ Create…
We’re committed to providing traders with greater flexibility and control, and are excited to announce a significant expansion in our collateral opportunities for Kraken Pro traders. What is a collateral currency? A collateral currency can be fiat, crypto or stablecoin you can use for trading on margin. Unlike standard spot trading, margin trading allows you…
In brief Acting Chair Caroline Pham says CFTC can regulate spot crypto through current DCM authority, sidestepping new legislation. The proposal seeks public comment by Aug. 18 and is part of the agency’s broader digital asset push. Some caution the plan may clash with SEC rules and fail to resolve crypto’s security-versus-commodity status. The CFTC…
In brief South Korea’s FSC and FSS summoned officials from five major crypto exchanges after Upbit and Bithumb launched lending products offering up to 4x leverage, enabling short-selling through borrowed funds. Upbit suspended its Tether lending service, citing potential violations of Korea’s Lending Business Act, while Bithumb modified its structure but maintained controversial 4x leverage…
In brief Nathan Smith’s ChatGPT-powered micro-cap bot is up 23.8% in four weeks—blowing past the Russell 200 and pro stock pickers. Unlike viral AI trading claims, Smith’s experiment is fully documented, open-source, and ready for anyone to try. Wall Street’s bots watch their backs: Smith’s journey from rural high schooler to finance prodigy is just…
