Everything web3, crypto, defi, degen
In brief Kazakhstan will establish a State Digital Asset Fund to build a strategic crypto reserve. Crypto ownership among citizens has doubled in two years while mining generates millions in tax revenue. President Tokayev also warned of rising online fraud and pushed for a fully digitalized smart city. Kazakhstan President Kassym-Jomart Tokayev has proposed the…
BTC HOLDS SUPPORT, MAJORS ALL UP, PUMP +40% IN A WEEKBTC holds $110k support, sentiment back to neutral. Robinhood to join S&P 500, Strategy misses out. Whales sold $12.7b BTC over past month. Companies currently buying 1755 BTC per day. SOL gets new treasury vehicle with $1.65bn cash. ETH ETFs saw 2nd largest daily outflow…
In brief The solo miner earned 3.13 BTC ($347,872) mining block 913,632, marking the second independent mining success this month. It comes as Bitcoin’s mining difficulty reached record high of 136.04 trillion. One expert says solo mining events highlight Bitcoin’s decentralization despite industrial operations dominating the network. A lucky solo Bitcoin miner has successfully mined…
In brief El Salvador bought 21 BTC on September 7 to celebrate the fourth anniversary of its Bitcoin Law. The country’s Bitcoin reserve now totals 6,313.18 BTC valued at about $701 million. The purchase comes despite an IMF loan requiring the government to halt Bitcoin accumulation. El Salvador continues to stack sats.On Sunday, President Nayib…
In brief Ethereum transformed the blockchain industry by enabling smart contracts, DAOs, NFTs, and decentralized apps. From its 2015 launch to The Merge in 2022, Ethereum has driven innovation and faced growing pains. Ethereum powers DeFi and NFTs, but still battles high fees, scalability limits, and fierce competition. Ethereum, the second-biggest cryptocurrency after Bitcoin, is…
In brief Stablecoin issuer Tether has held talks on investing in gold miners and royalty firms, after already acquiring $8.7 billion worth of bullion. Meanwhile, El Salvador bought nearly 14,000 ounces of gold for $50 million, its first central bank purchase since 1990. Tether CEO Paolo Ardoino has previously described gold as “natural Bitcoin,” and…
In brief Qubic has given AIGarth, the AI model it has been training while it attacked privacy blockchain Monero, a social media account. AIGarth has faced public ridicule after it failed to solve basic math problems, such as 1+1. However, its creators say that its failures are part of a learning process, and come from…
In brief A Bitcoin address holding over $50 million in the leading cryptocurrency moved some of its stash on Thursday. It was the first time since 2012 BTC had been moved from the address, blockchain data shows. The movements come as a number of large crypto holders have made transactions. An address holding 479 Bitcoin—worth…
In brief Bitcoin’s single-day hash rate—a measurement of computing power—hit an all-time high of 1.279 on Tuesday. The hash rate also reached a moving average record for seven days. Miners, who work to secure Bitcoin’s network, have faced various challenges. Bitcoin’s single-day hash rate on Tuesday hit a new high of 1.279 zettahash per second…
In brief The queue to become an Ethereum (ETH) validator, which allows you to stake the cryptocurrency, has reached the highest level since September 2023. Analysts think this may be partly due to the surge of investment in ETH treasury firms, which often engage in staking. Lower network fees on the blockchain were also highlighted…
