Everything web3, crypto, defi, degen
In brief Altcoin Season Index data suggests market rotation as Bitcoin dominance drops. Ethereum continues to build momentum while Bitcoin’s appears to stall. But one altcoin stood above the rest today: Crypto.com’s Cronos, or CRO. Here’s why Grab your umbrellas crypto traders, it looks like altcoin season might be here again.Altcoin season refers to periods…
In brief Fenwick & West moves to dismiss lawsuit alleging the law firm aided FTX’s multi-billion dollar fraud, arguing it had no knowledge of wrongdoing. Firm claims it only provided “routine and lawful legal services” despite bankruptcy examiner finding “exceptionally close relationships” with FTX leadership. Lawyers argue plaintiffs are recycling allegations from a dismissed case…
In brief Stablecoin fintech Rain has raised $58 million. The Visa-backed company, which issues cards, has raised a total of $88.5 million from big backers like Sapphire Ventures, Dragonfly, Galaxy Ventures, and Samsung Next. Stablecoins are a hot topic since President Donald Trump signed the GENIUS Act. Stablecoin-backed card company Rain, which partnered with Visa…
In brief Stablecoin giant Tether is bringing USDT to the Bitcoin network. Users will be able to spend their stablecoins on Bitcoin’s network via the RGB protocol. Tether says it wants Bitcoin to be “everyday money.” Stablecoin giant Tether is pushing further into the Bitcoin ecosystem, announcing on Thursday that it would make its USDT…
In brief Caliber, a publicly traded real estate asset management firm, is starting a Chainlink treasury. The firm will use cash reserves and existing access to capital to acquire LINK. CWD shares jumped nearly 60% on Thursday as the price of LINK itself rose 2.5%. Caliber, a publicly traded real estate asset management company, saw…
In brief Top markets on Myriad this week focus on Dogecoin’s next move, SharpLink’s Ethereum holdings, and the U.S. Open. Predictors think SharpLink Gaming will achieve its goal of accumulating 1 million ETH by September 16. They also lean bullish on DOGE, expecting a pump to $0.30 before a dump to $0.15. Have a strong…
The U.S. Commodities Futures Trading Commission issued new guidance on Thursday for foreign firms, saying they now have a pathway to operating legally in the U.S.The regulator said in a blog post that it had put out new guidance regarding its foreign board of trade registration framework, which would apply equally to both traditional and…
Kraken has been selected by the U.S. Department of Commerce to facilitate a groundbreaking initiative unveiled this morning by President Donald Trump and Secretary Howard Lutnick. The initiative, which will distribute U.S. gross domestic product (GDP) data on nine major public blockchains, marks a milestone in the use of blockchain technology to enhance transparency in…
In brief M0 raised $40 million in Series B funding. The firm separates stablecoin reserve management from programmability. M0 is supporting the debut of MetaMask’s mUSD stablecoin. Switzerland-based stablecoin platform M0 raised $40 million in Series B funding, as it seeks to shake up the relationship between token issuers and blockchain developers, according to a…
In brief Nvidia disclosed $46 billion in second-quarter profit. The U.S. economy grew at an annual rate of 3.3% in Q2. Solana was up 2.3%, as one analyst pointed to interest from treasury firms. The price of Bitcoin and other cryptocurrencies rose on Thursday as investors mulled the strength of Nvidia’s earnings and signs of…
