Everything web3, crypto, defi, degen
In brief Shares in digital advertising firm QMMM Holdings jumped nearly 1,750% after announcing a digital assets treasury plan. The firm anticipates starting with $100 million fund focused on Bitcoin, Ethereum, and Solana. It will also seek out investments with Web3 infrastructure projects and “high-quality cryptocurrency assets.” Shares in digital advertising firm QMMM Holdings (QMMM)…
Prediction market PredictIt, which started out as an academic platform focused on political forecasts, is preparing to launch a new exchange after getting the nod from the Commodities Futures Trading Commission.PredictIt, operated by the D.C.-based Aristole, said last week that the CFTC approved its applications to operate as both a designated contract market, or DCM,…
In brief Ethena presented a proposal for Hyperliquid’s stablecoin. USDH would be indirectly backed by BlackRock’s tokenized BUIDL fund. Ethena would divert USDH revenue back into Hyperliquid’s ecosystem. Ethena Labs, makers of the synthetic-dollar protocol, cast its name into the USDH ring on Tuesday, presenting itself as a potential suitor for issuing Hyperliquid’s stablecoin.The decentralized…
In brief Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers. If approved by regulators, the products will be available in November. Currently, U.S.-based traders have access to futures that expire. Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers in November, pending regulatory approval,…
In brief The conditions were outlined in a letter published Tuesday by Sen. Ruben Gallego, the top Democrat on the Senate Banking Committee’s Subcommittee on Digital Assets. The letter underscored the willingness of the group to pass crypto legislation so long as it was meaningfully bipartisan. The letter also requests numerous additions to the Senate…
In brief SharpLink Gaming began buying back shares of SBET as part of its $1.5 billion share buyback program. The firm repurchased 930,000 shares at an average price of $15.98 for around $15 million worth of SBET shares. SBET shares jumped 4.4%, but have fallen more than 31% on the month. Ethereum treasury SharpLink Gaming…
In brief Solana hit $219.50 and XRP rose above $3 as both cryptocurrencies outperform the broader market while Ethereum cools down. Prediction markets show 54% of users expect Solana to reach new all-time highs by year-end, with similar bullish sentiment for XRP hitting $4. Expected SEC approval of Solana and XRP ETFs in the U.S.…
In brief Arkham Intelligence has identified a tranche of 45,000 BTC worth $5 billion linked to film piracy website Movie2K. German authorities “failed to seize” the Bitcoin as part of a confiscation in January 2024, Arkham said. In 2024, the German government sold off its seized Bitcoin for an “unprecedented” $3 billion, which has risen…
In brief The U.S. Treasury has sanctioned 19 entities across Burma and Cambodia that it says scammed Americans out of $10 billion in 2024. The action targets networks using trafficked workers forced to conduct “pig butchering” scams through fake investment platforms and romance schemes. Networks often “rebrand” when sanctioned, but sanctions “disrupt scammers’ easiest routes,”…
In brief Hyperliquid has set a new all-time high as it pumped 22% over the past week. It comes after the network has opened proposals for teams to launch a stablecoin using the USDH ticker. Established stablecoin teams like Paxos, Frax Finance, and Agora have tossed their hats in the ring. Validator votes start Sunday.…
