Everything web3, crypto, defi, degen
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…
In brief Polymarket can now return to the U.S. after the CFTC said it won’t pursue certain enforcement actions against QCX, CEO Shayne Coplan said Wednesday. Polymarket acquired QCX, a licensed exchange already regulated by the CFTC, for $112 million in July. Polymarket was banned from the U.S. in 2022, and has been looking for…
In brief U.S. Bank, the fifth largest bank in the United States by assets, is offering Bitcoin custody services again. The service will be for institutional investment managers. U.S. Bank first announced the service in 2021 but had to pause it. Financial services giant U.S. Bank has restarted its crypto custody operations after pausing the…
In brief Web3 data platform Walrus has launched its decentralized secrets management (DSM) service Seal on mainnet. Seal combines access control with threshold encryption, enabling “fine-grained and programmable data access to data stored on Walrus.” Use cases include NFTs with access control, decentralized document signing and AI applications. Decentralized data management has long been held…
In brief Ray Dalio said the U.S. is risking a “debt-fueled heart attack” The value of money would be negatively affected if the Federal Reserve is eventually forced to intervene in the bond market. He compared digital assets to hard currencies. The U.S. economy is staring down a debt-fueled heart attack within the next few…
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 Experts report a sharp rise in bearish Ethereum options activity, indicating trader caution about a potential price drop. This pessimism conflicts with massive institutional investment flowing into new spot Ethereum ETFs. The market is divided between short-term hedging strategies and long-term bullish accumulation. Experts highlight a stark divergence between Ethereum’s bearish options activity…
