Everything web3, crypto, defi, degen
In brief Vitalik Buterin, the co-founder of Ethereum, is a billionaire following ETH’s 20% weekly rise. Wallets connected to Buterin hold $1.045 billion worth of assets, mostly Ethereum. ETH’s recent surge has seen it pass several traditional companies in market capitalization, including defence contractor Palantir. Ethereum co-founder Vitalik Buterin is an “on-chain billionaire” again, as…
In brief BitMEX co-founder Arthur Hayes has moved $8.4 million in ETH and other tokens over the past 24 hours Institutional wallets linked to a “mysterious” buyer and SharpLink Gaming accumulated over $1.1 billion in ETH in two weeks. Analysts cite ETF flows, macro catalysts, and fresh regulatory clarity as reasons for ETH’s surge, but…
In brief Bitcoin has rebounded 4.5% since Saturday, nearing its mid-July record of $122,838. Derivatives data shows a jump in open interest, pointing to a surge in leveraged long bets. Traders are watching Tuesday’s CPI release for clues on potential Fed rate cuts. Bitcoin is expected to break its all-time high this month as a…
In brief CrediX’s team “has disappeared” following a $4.5 million exploit. A CrediX security report was addressed to users with “Fam.” Stability DAO, which was affected, is prepping a legal report. CrediX’s team has grown increasingly quiet since hackers swiped $4.5 million worth of crypto from the decentralized finance protocol on Monday.On Friday, blockchain security…
In brief Chainlink announced the creation of a LINK reserve on Thursday. The reserve will be funded by the revenue generated via on-chain and off-chain services. Large holders have scooped up 0.67% of the token’s supply in the first week of August. The launch of Chainlink’s LINK reserve on Thursday comes on the back of…
In brief Adult film brand Fake Taxi is behind one of the top creator coins on Zora. The brand promises exclusive perks for top holders and a long-term vision for the token. Zora has clawed its way into the token launchpad wars, launching thousands daily alongside Pump.fun and LetsBonk. The taxi rides may be fake,…
In brief Privacy advocates call coin mixers a necessary tool for protecting anonymity. Government officials call coin mixers tools for money laundering. Billions in crypto have changed hands using coin mixers. Coin mixers have captured the attention of both the cryptocurrency community and regulators as the battle for privacy ramps up.In 2021, the founder of…
In brief Spot Bitcoin ETFs saw inflows of $91.6 million on Wednesday. Analysts suggested that expectations of a rate cut are the main driver of recent ETF inflows. The short-term outlook remains steady, but experts exercise caution. Bitcoin ETFs ended a four-day streak of outflows Wednesday, pulling in $91.6 million according to data from Farside…
In brief In a fireside chat, NEAR Protocol founder Illia Polosukhin and Infinex founder Kain Warwick argued that greater levels of interoperability are crucial for fueling crypto adoption. In June Infinex successfully integrated NEAR Intents and Chain Signatures, facilitating swapping and bridging of non-smart contract cryptocurrencies across multiple blockchain networks. Polosukhin said that NEAR Protocol…
In brief Bitcoin’s daily profit-taking plummeted from $2 billion to $1 billion over the past six months. Short-term profit-taking has slowed, but supply in profit remains high. Macro uncertainty and growing risks have pushed investors into capital protection mode. On-chain metrics are flashing potential signs of stabilization for Bitcoin as profit-taking activity declines amid uncertainty…
