Everything web3, crypto, defi, degen
In brief Trump Media is working with Crypto.com to build a crypto treasury with $6.4 billion in backing. The treasury will be made up of Cronos (CRO). Trump Media’s Truth Social will also use CRO as a rewards and utility token. It’s the latest crypto-related business venture by one of President Trump’s companies. Trump Media…
In brief Dogecoin notes a 3% recovery bounce after dropping 16% from the August 24 peak of $0.245. Key fundamental developments for Dogecoin include the Trump family-linked Thumzup acquiring a Dogecoin mining company amid pending approval of a spot Dogecoin ETF. Experts suggest an uptick in whale activity and a surge in whale wallets is…
In brief Wallets linked to Libra meme coin promoter Hayden Davis have made $12 million in profits on Kanye West’s meme coin, YZY. The on-chain connections to Davis were discovered by Bubblemaps, a blockchain visualization startup. Libra was promoted by Argentine President Javier Milei in February before it crashed. Libra meme coin promoter Hayden Davis…
In brief Rumors circulated the internet over the weekend that Cristiano Ronaldo was set to release an official meme coin. As a result, several fake tokens were launched with one touching a $143 million market cap before crashing down 98% all within 15 minutes. On-chain analysis firm Bubblemaps told Decrypt it was likely an organized…
In brief Pudgy Penguins is a popular crypto-native IP that started from NFTs and has expanded into toys, games, and more. CEO Luca Netz told Decrypt that he hopes to take the company public within two years. In addition to NFTs on Ethereum, the brand has launched a meme coin, PENGU, on Solana. Pudgy Penguins…
In brief Aubrey Cottle, better known as Kirtaner online, is spearheading a Solana “movement coin” as a homage to Anonymous, a famous hacker group which he founded. Fees earned by the token will be used to fund Cottle’s ongoing legal battle, buy tokens for Anonymous OGs, and potentially create a scholarship fund for young hackers.…
In brief Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher. Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs. But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high. Crypto markets have…
In brief Official Instagram accounts for Michael Jackson, Adele, and Future were apparently hijacked to promote a meme coin. The token, named after a clothing brand and record label attached to Future, reached a near $900K market cap before plummeting. The scammer made off with around $49,000 after dumping the majority of the tokens. The…
In brief Coinbase is listing the World Liberty Financial stablecoin, USD1. World Liberty Financial is backed by President Donald Trump and its sons. While a dollar-pegged stablecoin like USD1 won’t see a price jump from the listing, it could boost World Liberty’s visibility. The USD1 stablecoin from World Liberty Financial—a crypto project backed by President…
In brief Top markets on Myriad’s prediction market include questions about Satoshi’s wealth and Kanye’s token. Predictors are not as bullish on ETH than they were last week, in line with the asset’s recent fall. But predictors are even less bullish on Bitcoin booming for Satoshi, and YZY jumping 50% by the end of the…
