Everything web3, crypto, defi, degen
In brief The Bank of China’s Hong Kong branch stock shot up by 6.7% on reports that it plans to apply for a stablecoin issuer license. Hong Kong launched its stablecoin licensing regime in August. Regulators have also urged caution to investors over speculation-driven price moves. The Bank of China’s Hong Kong-listed shares rose by…
A federal judge on Friday handed prison terms totaling nearly eight years to two former executives at failed crypto lender Cred, whose actions fueled one of crypto’s worst investor losses.Legal experts told Decrypt that the sentences establish new precedents for executive accountability in crypto fraud cases.Daniel Schatt, former CEO and co-founder of Cred LLC, received…
In brief Nike and StockX have ended their legal battle over trademark misuse. A judge ruled in March 2025 that StockX sold counterfeit Nike sneakers. Analysts told Decrypt the deal signals less room for gray-area resale platforms and more focus on brand-approved NFTs. Nike Inc. and StockX, a Detroit-based online marketplace, settled a three-year case…
In brief Binance has appointed SB Seker as Head of Asia-Pacific on Monday, who brings over 20 years of legal and regulatory experience. The hiring comes weeks after AUSTRAC ordered Binance Australia to undergo an independent audit, citing “serious concerns” about anti-money laundering controls vulnerable to illicit money flows. Industry experts view the appointment as…
In brief Bitcoin ended the month with a 6.47% loss, despite reaching a record high of $124,545.60. Experts are closely watching jobless claims, U.S. productivity, and the August jobs report that could influence the Fed’s September rate cut decision. A weak jobs report could counterintuitively be a positive catalyst for Bitcoin, according to experts who…
In brief WLFI begins trading on Labor Day with only a small portion of its 33 billion supply unlocked. The token underpins World Liberty’s plans around stablecoins and payments, though governance details remain limited. Analysts and legal experts warn that concentrated holdings and political ties raise risks for liquidity, integrity, and investor protections. World Liberty…
In brief WLFI begins trading on Memorial Day with only a small portion of its 33 billion supply unlocked. The token underpins World Liberty’s plans around stablecoins and payments, though governance details remain limited. Analysts and legal experts warn that concentrated holdings and political ties raise risks for liquidity, integrity, and investor protections. World Liberty…
Fans have been eagerly awaiting the arrival of the new entry in their favorite franchise for years, and it’s finally here. With Grand Theft Auto delayed into next year, that can only mean one thing: Hollow Knight: Silksong is coming, and it’s coming in just a few days. For those who have been patient, this news is…
In brief Blockstreet is creating a complimentary ecosystem for USD1, the Trump-backed stablecoin. Co-founder Kyle Klemmer believes that it will outmatch all other stablecoins by 2028. World Liberty Financial’s WLFI governance token becomes tradable on Monday. By the time U.S. President Donald Trump’s second term is over, USD1 will have become the world’s most dominant…
In brief Remy St Felix was previously convicted of leading a home invasion crew that swiped crypto from victims. Already serving 47 years in prison, he was sentenced to six additional years for beating a witness. So-called wrench attacks, or physical assaults on crypto holders, have accelerated this year. A Florida man sentenced to 47…
