Everything web3, crypto, defi, degen
In brief Argentines swapped pesos for dollar stablecoins on Sunday, as locals expeted ARS to plummet during the midterm elections. President Javier Milei faced a make-or-break election amid declining approval ratings tied to corruption scandals. As the results became clear, a LATAM crypto app recorded its highest-ever volume in a single hour as the peso…
In brief A gold statue of Binance’s Changpeng Zhao will be unveiled Tuesday in Washington D.C., the creators claim. It will be shown outside the U.S. Capitol for a handful of hours, much like a recent statue of President Trump holding a Bitcoin. The statue’s makers want to give it to Binance’s former CEO, who…
In brief Four altcoin-tracking ETFs are set to begin trading in the U.S. this week. Canary Capital’s Litecoin and Hedera funds will be listed, alongside Bitwise and Grayscale Solana funds. The debuts follow successful Bitcoin and Ethereum spot ETF rollouts in 2024. Four exchange-traded funds tracking separately Solana (SOL), Litecoin (LTC), and Hedera (HBAR) will…
In brief Shares of ETHZilla (ETHZ) jumped 14% on Monday after Beyond Meat investor and influencer Dimitri “Capybara Stocks” Semenikhin got behind the firm. Semenikhin claims to have purchased more than 2% of shares due to the steep discount between its trading market cap and the net value of assets. The company said Monday that…
In brief Compass Point expects that Robinhood will report that revenue generated from prediction markets grew at a faster rate than revenue derived from processing customers’ transactions. Robinhood began letting customers wager on NFL and college football games in August. Robinhood’s prediction markets are gaining traction in the U.S. Analysts at investment bank Compass Point…
In brief China’s central bank will continue cracking down on domestic crypto operations while monitoring overseas stablecoin developments. PBOC Governor Pan warned stablecoins “can’t meet the basic requirements like customer identification and anti-money laundering.” Meanwhile, Japan rolled out JPYC, the first yen-backed stablecoin, and South Korea launched KRW1, its first regulated won-backed token. China will…
In brief American Bitcoin has acquired 1,414 Bitcoin, the company said Monday. Bitcoin was trading above $115,500, its highest level in two weeks. More than 200 companies have built Bitcoin treasuries. American Bitcoin (ABTC), the publicly traded Bitcoin treasury and mining company backed by Eric Trump and Donald Trump Jr., has added 1,414 Bitcoin currently…
In brief Digital asset products attracted $921 million in inflows last week, according to CoinShares. U.S. and German markets led gains, while Switzerland saw outflows linked to asset transfers. Bitcoin captured nearly all inflows as Ethereum and altcoins cooled. Digital asset investment products saw inflows of $921 million last week, according to CoinShares, as optimism…
In brief Senators Elizabeth Warren and Adam Schiff plan to introduce a resolution condemning President Trump’s pardon of Binance founder Changpeng “CZ” Zhao. The pardon has angered Democrats, given Zhao’s past guilty plea for failing to prevent money laundering on Binance and his business ties to the Trump family’s crypto firm, World Liberty Financial. Though…
In brief BitMine Immersion Technologies added $321 million worth of ETH last week. The company now holds over $13.8 billion worth of ETH, leading the Ethereum treasury accumulation race. BitMine shares are up more than 5% on the day. BitMine Immersion Technologies added another $321 million worth of Ethereum (ETH) to its stockpile over the…
