Everything web3, crypto, defi, degen
In brief CalPERS candidates were split on crypto investments, ranging from outright rejection to cautious consideration. The fund holds 410,596 MicroStrategy shares valued at $165.9 million, creating substantial indirect Bitcoin exposure. One challenger wouldn’t “close the door entirely” on crypto, while another called blockchain technology “promising” California state pension fund CalPERS recorded mixed reactions from…
In brief The dollar index has dropped 11% this year, its sharpest fall since 1973. Gold is at record highs signaling U.S. institutions are hedging against inflation. A steepening yield curve for bonds points to higher long-term risks and potential support for Bitcoin. A weakening U.S. dollar, rising governance risks, and yield curve steepening are…
In brief The conference will examine stablecoins, tokenized assets, AI for payments, and DeFi. Governor Christopher Waller said innovation has been “a constant” in meeting consumer and business needs. The event adds to a packed Q4 policy calendar alongside other initiatives from the SEC, CFTC, BIS, and MAS. The Federal Reserve Board announced Wednesday it…
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 Protage Biotech is rebranding as AlphaTON Capital and developing a new digital asset treasury focused on Toncoin (TON). The biotech firm will keep its existing business, but build its treasury starting with $100 million in TON. Shares were up earlier before finishing slightly down. The firm will adopt the ATON ticker starting Thursday.…
In brief Crypto exchange Bullish debuted on the New York Stock Exchange in August. Its stock soared to more than triple the initial offering price. But analysts at Compass Point say it’s currently trading too high. Analysts at investment bank Compass Point initiated coverage of crypto exchange Bullish with a neutral rating and a $45…
In brief Renewed interest in tokenized Pokémon cards is being driven by a cryptocurrency’s debut. The Solana-based project adds a new dimension to their on-chain presence. Physically-backed Pokémon card NFTs have primarily existed on Polygon. Tokenized Pokémon cards are seeing renewed interest lately, partly due to the recent debut of a token for a Solana-based…
In brief The TROLL meme coin team has secured an exclusive license to the Trollface IP, following a six-figure deal with the creator. Carlos Ramirez, the Trollface artist, will also earn an 11% royalty fee on net revenue produced by future TROLL meme coin merchandise. Seal, the pseudonymous community takeover lead for TROLL, called the…
In brief Ondo Finance launched tokenized versions of 100+ U.S. stocks and ETFs on Ethereum, backed by real assets held at registered U.S. broker-dealers. The tokenized stocks are only available to non-U.S. investors due to regulatory restrictions. The tokenized assets enable 24/7 trading and fractional ownership, allowing global investors to trade U.S. securities outside normal…
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…
