Everything web3, crypto, defi, degen
In brief PENGU has jumped 26.7% over the past 24 hours, as its associated NFT collection, Pudgy Penguins, has seen its floor price also climb double digits. It comes following an unknown user sweeping 45 CryptoPunks, which has sparked interest in NFTs. As a result, major collections like Bored Ape Yacht Club, Moonbirds, and Azuki…
In brief The GENIUS Act, now signed into law, gives stablecoin issuers like Ripple a clear regulatory path but is expected to have limited direct impact on XRP’s price. Ripple’s new stablecoin, RLUSD, positions the company to compete domestically with USDC and PayPal USD as a native U.S. liquidity provider. Legal ambiguity around XRP’s classification…
In brief Three states have passed laws enabling Bitcoin reserves to date. Several efforts in other states have failed over concerns about volatility and public fund safety. Proposals are still pending in 17 more states as crypto advocates push for wider adoption. As random companies snap up Bitcoin and Donald Trump hails the creation of…
In brief Block becomes the second crypto-facing firm in the S&P 500 index, two months after Coinbase. For over a year, Block has allocated 10% of its monthly profit from Bitcoin services to purchase additional Bitcoin. Industry observers say regulatory shifts are helping push crypto firms into mainstream acceptance. Block Inc., the fintech company led…
In brief Bedrock Robotics raised $80 million to retrofit construction equipment with AI-driven automation. The startup aims to address a nationwide labor shortage and improve job site safety. Its autonomous systems are already operating in several states, with operator-less deployments planned for 2026. With construction sites across the U.S. stalled by labor shortages, San Francisco-based…
In brief Bitcoin enthusiasts have often likened the cryptocurrency to “digital gold,” a decentralized alternative to precious metals. Recent academic research has indicated that Bitcoin and gold may serve fundamentally different investor types. At present, research indicates that Bitcoin lacks the historical track record, stability, and crisis-tested resilience of gold—though that could change with time.…
In brief SharpLink Gaming shares fell more than 20% on Friday. The decline came a day after the company submitted a regulatory filing to increase its stock sales target by $5 billion. The company purchased $48 million worth of ETH on Monday and $225 million on Tuesday. SharpLink Gaming shares closed down 20% on Friday,…
In brief Bitcoin could hit $150,000 as soon as early October, according to a Cooper Research report. Analysts say the Bitcoin markets could begin to overheat between the $140K and $200K range. Strong inflows to spot Bitcoin ETFs stand to fuel the asset’s next rally, the firm said. Bitcoin could surge to a price of…
In brief Tether CEO Paolo Ardoino said his company fully intends to register its flagship USDT stablecoin via the newly-signed GENIUS Act. The company will also likely offer another, U.S.-specific stablecoin in the American market. Circle CEO Jeremy Allaire said he believes his company is nonetheless poised to particularly benefit from the passage of the…
In brief MicroStrategy’s $70 billion Bitcoin holdings are spread across 9 potential custodians including Coinbase, BitGo, and Fidelity, but the exact distribution remains confidential under SEC Rule 83. Coinbase and MicroStrategy set stock records this week as crypto markets surge, though MicroStrategy has since pulled back while Coinbase keeps rising. Multiple companies launched or grew…
