Everything web3, crypto, defi, degen
In brief Commerce Secretary Howard Lutnick announced his department will begin issuing economic data “on the blockchain,” framing the move as part of the Trump administration’s embrace of crypto. Lutnick did not clarify which blockchain would be used or how the system would benefit government operations. The initiative could extend beyond the Commerce Department, as…
In brief Dogecoin notes a 3% recovery bounce after dropping 16% from the August 24 peak of $0.245. Key fundamental developments for Dogecoin include the Trump family-linked Thumzup acquiring a Dogecoin mining company amid pending approval of a spot Dogecoin ETF. Experts suggest an uptick in whale activity and a surge in whale wallets is…
In brief Wallets linked to Libra meme coin promoter Hayden Davis have made $12 million in profits on Kanye West’s meme coin, YZY. The on-chain connections to Davis were discovered by Bubblemaps, a blockchain visualization startup. Libra was promoted by Argentine President Javier Milei in February before it crashed. Libra meme coin promoter Hayden Davis…
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 A Bitcoin whale sold 24,000 BTC on Sunday, catalyzing a liquidation cascade worth over half a billion dollars. Despite the correction, options data reveal that traders remain unshaken, with bullish posturing around the $135,000 and $155,000 strike prices. Improving macroeconomic conditions, following last week’s comments from Federal Reserve Chairman Jerome Powell, add credence…
Solana’s first smartphone, 2023’s Saga, was a big swing for Solana Labs—and initially a miss with consumers, at least until a massive price cut and crypto airdrop incentives drove sudden, sellout demand months after release.Now, the 2.0 model has arrived. The new Seeker serves as an attempt by Solana to deliver a more palatable crypto…
In brief Pudgy Penguins is a popular crypto-native IP that started from NFTs and has expanded into toys, games, and more. CEO Luca Netz told Decrypt that he hopes to take the company public within two years. In addition to NFTs on Ethereum, the brand has launched a meme coin, PENGU, on Solana. Pudgy Penguins…
In brief Ethereum hit a new all-time high price, breaking a record set back in 2021. The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak. Institutional adoption and a favorable regulatory landscape have helped the coin in recent months. Ethereum hit a new all-time high price…
In brief Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher. Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs. But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high. Crypto markets have…
In brief The DOJ announced it will no longer charge decentralized software developers under the same law used to convict Tornado Cash co-founder Roman Storm earlier this month. DOJ official Matthew Galeotti clarified that prosecutors will avoid such charges when software is truly decentralized and non-custodial, though other charges could still apply if criminal intent…
