Everything web3, crypto, defi, degen
In brief An investor lost 783 Bitcoin—$91 million worth a the time—to a social engineering scam, according to on-chain sleuth ZachXBT. The threat actor allegedly used a coin-mixing service to try to cover their tracks. ZachXBT alleged that three individuals used similar tactics to steal $243 million worth of Bitcoin a year ago. A crypto…
In brief Kyrgyzstan’s President has appealed to UK and U.S. leaders over UK sanctions imposed on Kyrgyz crypto networks linked to the rouble-pegged stablecoin A7A5. The country has rapidly emerged as a hub for Russian trade and crypto flows since the invasion of Ukraine. Analysts say Kyrgyzstan-based exchanges Grinex and Meer show signs of being…
In brief YZY surged to a multibillion-dollar valuation within an hour of launch before tumbling. The token is framed as part of a broader “YZY Money” payments ecosystem. On-chain data shows 70% of supply sits in a single wallet, raising centralization concerns. Hip-hop artist Kanye West has made his first direct move into crypto with…
In brief xStocks, a feature which allows users to traded tokenized versions of companies like Nvidia, Apple, and Meta, is expanding to Tron. The tokenized stocks are backed 1:1 with real shares in the underlying companies. xStocks so far have generated more than $500 million in on-chain trading volume. Tokenized versions of Tesla, Nvidia, Apple,…
In brief A judge ordered that $57.6 million in USDC associated with the Libra meme coin scandal be unfrozen. It follows the February launch of the Libra meme coin, which was promoted by Argentine President Javier Milei and crashed and burned within a matter of hours. The judge added that she is “skeptical” that the…
In brief Binance will move its USDT yield product onto the Plasma network once mainnet launches, estimated for September. Users will be able to earn 2% APR on their USDT stablecoin holdings, as well as earn a slice of the soon-to-launch XPL token. Codenamed “Taylor Swift,” the partnership’s details were kept under lock and key…
We’re proud to announce the next step in the global expansion of xStocks, the industry standard for tokenized equities. In partnership with Backed, Kraken is collaborating with the TRON DAO to integrate xStocks with the TRON blockchain, opening up new opportunities for tokenized equities exposure across one of the world’s most active and scalable blockchain…
In brief Dogecoin whales have accumulated 300M DOGE tokens over the past week, as short-term holders sell at a loss. The profitability of investors who purchased the dog-based meme token over the past 30 days hovers around 9% after the recent crypto market correction. Experts suggest this capitulation is a forced transfer of wealth from…
In brief Ethereum role-playing game Pirate Nation is set to shut down in September, along with its blockchain networks. Developer Proof of Play said that it’s too costly to support given a relatively small player base. Numerous crypto games have shut down already in 2025, including Deadrop and Nyan Heroes. Ethereum role-playing game Pirate Nation…
In brief Bitcoin’s price will likely peak in six months to a year, Bernstein analysts said. As the bull market broadens, Ethereum and Solana will likely shine, they said. Bernstein analysts raised their price target for Robinhood shares to $160. As the White House pushes crypto on Capitol Hill, it’s becoming increasingly difficult to see…
