Everything web3, crypto, defi, degen
In brief Wisconsin’s Assembly Bill 471, introduced Monday, would exempt crypto users from licensing when accepting payments, using self-hosted wallets, running nodes, developing software, and staking. The bill would prohibit state agencies and local governments from restricting these fundamental blockchain activities. The move follows Wisconsin’s $300 million Bitcoin ETF liquidation in Q1 2025 and Democrats’…
In brief SWIFT is partnering with Consensys and 30 major financial institutions including Bank of America, Citi, and JP Morgan to develop a blockchain-based prototype for real-time cross-border payments. The prototype will use a secure ledger with smart contracts to record and validate transactions. It’s still unclear whether it will be built on Ethereum mainnet…
In brief Leaked files tie Moldovan oligarch Ilan Shor’s A7 network to $8 billion in crypto transactions for sanctions evasion. Analysts link the funds to election interference efforts via apps, bots, and ruble-backed stablecoins. Experts urge caution, noting attribution limits and the growing complexity of Russia’s crypto ecosystem. When a cache of internal files from…
CRYPTO REBOUNDS, ASTER METRICS SOAR, PLASMA HITS $13BETH, HYPE & BNB lead bounce in top L1s. ETH ETFs saw ATH outflows last week. Swift to launch blockchain in response to stablecoins. ASTER flips Tether in fees, Binance for perp volume. SEC’s Pierce urges quick progress in crypto. Stablecoin supply hits ATH over $300b. Plasma briefly…
In brief Strategy acquired 196 Bitcoin worth $22 million The Bitcoin-buying firm meanwhile raised $128 million Strategy is obligated to make dividend payments on some of its preferred shares. Strategy notched its third smallest Bitcoin acquisition of the year on Monday, disclosing that it only bought $22 million worth of the asset, according to a…
In brief New York City’s ‘Bitcoin Mayor’ Eric Adams has dropped out of the race for re-election. Adams had publicly tied his image to crypto, from Bitcoin paychecks to calls for BitLicense reform, and many other initiatives. His withdrawal follows legal troubles and questions about whether crypto can anchor political identity. Eric Adams, mayor of…
With Dogecoin making a comeback late last year and early into 2025, some may be pondering: Where did the asset come from? What’s it for? And what’s Tesla CEO Elon Musk got to do with it? The original meme coin’s boom largely has the world’s richest man to thank. Musk’s obsession with shitposting helped boost the…
In brief Elon Musk’s Neuralink and the Sam Altman-backed Merge Labs are driving a new wave of billionaire-backed brain-computer interface ventures. Current BCI progress remains medical, with only five Neuralink patients implanted as of September 2025. Experts warn BCIs are far from “thought reading,” and billionaire ambitions risk overshadowing real therapeutic potential. Elon Musk already…
In brief South Korean actor Hwang Jung-eum received a suspended prison sentence for embezzling $3 million from her agency to invest in crypto. The Jeju District Court showed leniency after Hwang repaid the entire embezzled amount and was deemed a first-time offender. The scandal derailed her career, with TV shows editing her out and advertisers…
Publicly traded cloud infrastructure firm Cloudflare—which powers a significant chunk of internet traffic—is launching a U.S. dollar-backed stablecoin, the NET Dollar, to help propel the future of AI-driven finance on the internet, the firm announced on Thursday. Like other stablecoins, Cloudflare’s version will offer near-instant transactions globally. The firm also highlighted its use in rewarding creators…
