Everything web3, crypto, defi, degen
In brief Mt. Gox’s 2011 hack caused Bitcoin’s worst crash ever, plummeting 99.9% after hackers dumped stolen BTC for pennies. Major crashes stemmed from China bans, COVID-19 panic, and crypto platform collapses like Celsius and FTX. Trump’s October 2025 China tariff threat triggered a 13% drop and $19 billion in liquidated positions—but didn’t make the…
In brief The deal raises roughly $231 million payable in BTC or SolvBTC, issued by Solv Protocol. Zeta says the transaction enhances its balance sheet and reflects confidence in Bitcoin’s fundamentals. The group touts the deal as a way to fuse Bitcoin’s scarcity with sustainable yield. Nasdaq-listed fintech firm Zeta Network Group has entered into…
In brief Eric Trump said that the his family’s crypto empire has profited more than $1 billion so far. The family’s crypto ventures span NFT trading cards, meme coins, World Liberty Financial, and more. President Trump’s crypto businesses have been a point of contention, with critics claiming conflicts of interest. President Donald Trump’s embrace of…
In brief Advertising firm Thumzup is considering adding DOGE as a reward payment alternative in its mobile app. Currently, users can earn cash for providing content about advertiser’s products. Initial assessments show integrating DOGE may lower costs and add value to the rewards pool. Publicly traded digital asset treasury and advertising firm Thumzup Media is…
In brief Tesla CEO Elon Musk praised Bitcoin’s energy-based foundation on Tuesday, suggesting its value comes from the impossibility of faking energy, unlike fiat currency which governments can debase. This marks a shift from 2021 when Musk criticized Bitcoin’s electricity consumption as “insane,” and Tesla stopped accepting BTC payments over environmental concerns. Tesla currently holds…
The United States on Tuesday announced that it is seeking the forfeiture of 127,271 Bitcoin, currently worth over $14.2 billion, in the largest such forfeiture action in the history of the Department of Justice.The United States Attorney’s Office for the Eastern District of New York and the Department’s National Security Division filed the civil forfeiture…
In brief Bhutan’s national digital ID platform will issue credentials through Ethereum. The system, initially built with Cardano developer IOG, is scheduled to undergo a full migration by early 2026. Observers warn that putting national IDs on public blockchains might raise privacy risks despite greater transparency. Bhutan has integrated its National Digital Identity platform with…
In brief Canaan teamed with Calgary-based Aurora AZ Energy to test distributed gas-powered systems. The company says the setup could cut 14,000 tons of carbon emissions annually. Trading volume more than doubled Monday, marking one of Canaan’s busiest sessions this year. Bitcoin mining hardware manufacturer Canaan Inc. (NASDAQ:CAN) stock jumped over 40% Monday, closing at…
In brief MARA Holdings purchased 400 BTC worth $46.29 million from institutional liquidity provider FalconX. The purchase comes as Bitcoin rebounded to $114,763 after the largest liquidation event in crypto history wiped out over $19 billion in positions last Friday. Analysts say the acquisition points to the firm’s confidence that Bitcoin has “more room to…
In brief Jack Dorsey’s Block wants its customers to use Bitcoin more. Block’s Square product will allow merchants to receive the cryptocurrency and manage it within a wallet. Block shares rose 2.6% on Wednesday. Jack Dorsey’s payments company Block said on Wednesday that it is debuting a new Bitcoin payments and crypto-integrated wallet targeting small…
