Everything web3, crypto, defi, degen
In brief Dutch and U.S. authorities shut down VerifTools, a major fake ID marketplace that generated $6.4 million selling counterfeit documents for as little as $9 in crypto. The operation seized 23 servers from one of the largest international providers of fraudulent identity documents. Modern fake IDs use sophisticated technology like holograms and UV ink,…
In brief Eric Trump said this week that he expects Bitcoin to reach a price of $1 million in the future. President Trump’s son highlighted the major demand and limited supply for the top crypto asset. He told listeners that buying now will age terrifically in the next five years. Eric Trump thinks Bitcoin reaching…
In brief Bitcoin has dropped 3.77% on average each September since 2013, with eight monthly crashes in 11 years. Seasonal pressures—from fund rebalancing to Fed policy jitters—fuel risk-off sentiment that spills over from stocks into crypto. This year’s setup adds war, sticky inflation, and Fed uncertainty, making $105K the line in the sand for traders.…
In brief Tron’s blockchain is expected to be 60% cheaper to use after a vote by users. The upgrade should make the network more attractive for crypto users, creator Justin Sun said. Tron is popular with stablecoin users, but transaction costs have risen over the last year. Tron has become cheaper to use after the…
In brief A Bitcoin whale connected to wallets holding $5 billion in BTC is dumping some holdings for Ethereum. The holder deposited at least 2,000 BTC on Hyperliquid, selling it in batches for ETH. Other Bitcoin whales have played a similar trade of late as ETH rose to a new all-time high price. A major…
In brief The SEC is mulling 90 applications for crypto ETFs, many focused on XRP, Solana, and other top altcoins. Many of the funds are expected to be approved this year, according to industry experts. Some will likely be shuttered due to lackluster inflows, a crypto startup CEO told Decrypt. There is a growing stack…
In brief Investors have dropped a class-action lawsuit against Bitcoin giant Strategy, which accused the company of misleading shareholders about how new accounting rules would affect its profitability. The case centered on Strategy’s switch to fair value accounting, which let it mark Bitcoin’s price swings on its balance sheet. Critics said the firm overstated how…
In brief Eric Trump told the Bitcoin Asia conference that Bitcoin marks the first time finance has “no disparity” between socioeconomic classes. Trump also spoke of sovereign wealth funds, Fortune 500 companies, and nation states driving adoption. His remarks highlight a tension between Bitcoin’s populist narrative and elite accumulation, observers told Decrypt. Speaking at the…
In brief Bitcoin dropped on Friday, bringing Ethereum and other major coins and tokens with it. Cryptocurrency prices dropped on hot inflation data, with stocks also dipping on Friday. September is typically a bad month for crypto, though Bitcoin and Ethereum just recently hit new highs. Bitcoin dropped below the $109,000 mark on Friday—bringing other…
In brief Pudgy Penguins and Mythical Games collaborated to develop Pudgy Party, a new Web3 mobile game. The game falls in the party genre, offering fast-paced mini-games for players similar to Fall Guys or Stumble Guys. Pudgy Penguins CEO Luca Netz has high expectations, aiming for tens of millions of downloads. Ethereum NFT brand Pudgy…
