Everything web3, crypto, defi, degen
In brief Top AI firms and tech leaders, including Andreessen Horowitz and OpenAI’s Greg Brockman, unveiled a $100 million fund to back pro-AI candidates. The fund, which mirrors crypto PAC Fairshake, will target races in California, New York, Illinois, and Ohio this year before moving to federal contests and the 2026 midterms. Supporters say the…
In brief Ethereum treasury company ETHZilla has announced a $250 million stock buyback program. The firm’s stock is down by more than 50% over the last week, evaporating most of its recent gains. Ethereum recently hit a new all-time high price, breaking a record that stood since 2021. ETHZilla Corporation—a publicly traded Ethereum treasury firm…
In brief Strategy purchased roughly 3,000 Bitcoin worth $357 million. The company issued common stock to fund the purchase. The move conflicted with a newly adopted equity issuance policy. Strategy, formerly MicroStrategy, purchased $357 million in Bitcoin last week, selling common stock to fund acquisitions for the first time in nearly a month, the company…
In brief BitMine added $2.2 billion in ETH and cash over the last week. The firm now holds more than 1.7 million ETH, worth nearly $8 billion. Shares of BMNR are up more than 36% on the month. BitMine Immersion Technologies’ Ethereum treasury neared $8 billion after the firm added almost $900 million in ETH…
In brief Three major crypto firms are said to be raising $1 billion for a Solana treasury fund. Solana is down 5% today, reeling from the weekend crypto market crash. Futures data shows bullish positions among speculative traders. Three of the crypto industry’s most influential firms—Galaxy Digital, Jump Crypto, and Multicoin Capital—are in talks to…
In brief Football Dot Fun, a Web3 fantasy soccer game on Base, exploded with $25.7M trading volume and 10,284 users in under two weeks. Players buy and trade fractionalized “shares” of real football players using in-game Gold currency, with shares depleting as players appear in matches. The ecosystem’s market cap surged from $60M to $160M…
In brief Rumors circulated the internet over the weekend that Cristiano Ronaldo was set to release an official meme coin. As a result, several fake tokens were launched with one touching a $143 million market cap before crashing down 98% all within 15 minutes. On-chain analysis firm Bubblemaps told Decrypt it was likely an organized…
In brief Investment firms are filing a wave of sophisticated crypto ETF applications, including 21Shares’ active crypto fund and 2x leveraged Dogecoin and Sui products. Multiple XRP ETF issuers updated filings following SEC feedback, while regulators delaying decisions on Trump Media and Solana funds until October. Experts predict approval momentum to begin in October despite…
In brief AUSTRAC has directed Binance Australia to nominate external auditors within 28 days after identifying “serious concerns” with anti-money laundering controls. The regulator flagged inadequate reviews, “high staff turnover,” and insufficient local management oversight at the platform. This action adds to a string of regulatory measures, including a $5.1 million fine for Kraken and…
In brief FTSE Russell’s September review has elevated the company from small-cap to mid-cap status. Eric Trump, a strategic adviser since March, is expected to attend the company’s next shareholder meeting in Tokyo. The inclusion will channel passive investment flows into a balance sheet centered on Bitcoin, though not without risks, analysts told Decrypt. Metaplanet,…
