Everything web3, crypto, defi, degen
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…
In brief Trump-backed American Bitcoin jumped over 80% in its Nasdaq debut before quickly losing its gains amid multiple trading halts. Formed through mergers with Hut 8 and Gryphon Digital Mining, the firm, backed by Eric Trump and Donald Trump Jr, plans a $2.1 billion stock sale to buy more Bitcoin and mining equipment. The…
In brief There are many free-to-play games that pay players real Bitcoin rewards. You’ll typically earn amounts in satoshis, or the smallest denomination of Bitcoin (1/100,000,000 BTC). Such games are often loaded with video ads, but that’s the trade-off for earning Bitcoin. Bitcoin pushed to yet another all-time high price mark in August, maintaining recent…
In brief The market cap of top Bitcoin miners tracked by JP Morgan last month soared to a new record. This comes as publicly-traded miners branch out into high-performance computing, analysts at the bank said. The environment for the Bitcoin mining industry has been challenging. The market cap of top publicly-traded Bitcoin miners soared last…
In brief Luxxfolio is transitioning from Bitcoin mining to a digital asset treasury strategy centered on Litecoin, paired with infrastructure plans. It comes as the firm posted zero revenue and a net loss of $197,000 in Q2, with just $112,000 in cash and cumulative losses nearing $19 million. Litecoin treasuries may attract institutions if tied…
In brief American Bitcoin is reportedly eyeing a Nasdaq debut in September. The firm is 80% owned by Bitcoin miner Hut 8. American Bitcoin owned 215 Bitcoin in June. American Bitcoin, a Bitcoin miner that’s partially owned by two of U.S. President Donald Trump’s sons, is inching closer to its public debut, targeting September for…
In brief Hut 8’s expansion plans mean its stock will rise and is worth buying, according to investment bank Benchmark. The Bitcoin miner on Tuesday unveiled plans to develop 1.53 gigawatts of new capacity across four U.S. sites. Hut 8 earlier this year signed a deal to contribute its Bitcoin mining equipment and help debut…
In brief Legal experts say prosecutors face uphill battle appealing “unusually lenient” sentence for Estonians who ran a $577 million crypto Ponzi scheme. Judge Lasnik sentenced defendants to time served, rejecting prosecutors’ 10-year prison request due to concerns about foreign defendants’ treatment. HashFlare fraud hit 440,000 victims worldwide through fake mining contracts, with $400 million…
STRATEGY BUYS $357M IN BTC, ETH INFLOWS $1B+ IN 3 DAYS, NEW SOLANA DATSBTC falls to $108k then rebounds. $758m of liquidations as market falls. Biggest BTC deviation from Global M2 in 2 years. ETH ETFs see $1bn+ inflows in 3 days. HYPE leads L1s, buybacks to now be 99% of fees. Strategy buys $357m…
CRYPTO FALLS, HYPE LEADS L1S, NVIDIA RESULTS TODAYBTC falls to $108k then rebounds. $758m of liquidations as market falls. Biggest BTC deviation from Global M2 in 2 years. ETH ETFs see $1bn+ inflows in 3 days. HYPE leads L1s, buybacks to now be 99% of fees. Strategy buys $357m BTC. Pantera seeks $1.25b to set…
