Everything web3, crypto, defi, degen
In brief REX Shares and Osprey Funds have filed for a BNB ETF, which would seek to stake most of its assets. The filing has been submitted under the Investment Company Act, as with the Rex-Osprey Solana + Staking ETF that debuted in July. The fund would be listed on Cboe BZX Exchange, and its…
In brief Standard Chartered projects ETH could reach $7,500 by end of year and $25,000 by 2028 based on current adoption trends ETH ETFs have accumulated over $8B since July with major corporate buyers like BitMine and SharpLink stacking aggressively Ethereum’s yield advantages through staking and DeFi utility make it potentially stronger than Bitcoin as…
In brief The SEC has accused Unicoin and its executives of misleading investors and inflating deals. CEO Alex Konanykhin says the charges are politically motivated “fabrications” meant to block Unicoin’s public listing. Legal experts warn the SEC’s case looks like a classic securities fraud complaint, giving Unicoin a steep battle in court. Crypto firm Unicoin…
In brief Legal experts say prosecutors face uphill battle appealing “unusually lenient” sentence for Estonians who ran a $577 million crypto Ponzi scheme. Judge Lasnik sentenced defendants to time served, rejecting prosecutors’ 10-year prison request due to concerns about foreign defendants’ treatment. HashFlare fraud hit 440,000 victims worldwide through fake mining contracts, with $400 million…
In brief A coalition of 114 crypto companies and tech lobbying groups sent a letter to the Senate Banking Committee demanding strong legal protections for software developers in any upcoming crypto market structure bill. The letter emphasized that developers of decentralized software should not face criminal liability for how others use their programs, comparing public…
In brief KuCoin says it will become the first global exchange to support Thailand’s G-Token program, beating other major exchanges to the punch. In May, Thailand approved the world’s first publicly offered tokenized government bond worth 5 billion baht (US$153 million). KuCoin says the G-Token initiative could serve as a template for other governments exploring…
In brief Nasdaq-listed Kindly MD filed an automatic shelf registration for up to $5 billion. The move follows a $679 million Bitcoin purchase through its subsidiary. Analysts warn Bitcoin-focused treasuries may drain liquidity from altcoins. Nasdaq-listed healthcare firm Kindly MD filed an automatic shelf registration statement with the SEC on Tuesday, electing to distribute up…
In brief On-chain data shows a 13% drop in adjusted transfer volume, signaling weaker demand. Spot Bitcoin ETFs saw continued outflows, adding to macro-driven selling pressure. September has averaged negative returns for Bitcoin, compounding cautious sentiment. Bitcoin’s bounce on Tuesday may offer a brief respite for investors, but experts are warning that a deeper “cooling-off…
In brief The U.S.’s recently passed stablecoin law has heightened pressure on Europe to accelerate digital euro plans. Deploying on Ethereum or Solana could expand global use of the currency, Decrypt was told. Yet privacy, governance and banking stability remain key concerns for officials. European officials are considering whether to issue the digital euro on…
In brief The price of Ethereum fell by more than 10% following its very recent all-time high. Was it enough to shake off ETH bulls? Myriad data suggests market sentiment remains bullish. And technical market indicators largely agree. The recent crypto market dip isn’t deterring Ethereum bulls: They’re still betting ETH goes higher.Prediction market traders…
