Everything web3, crypto, defi, degen
In brief Synthetix (SNX) is up 190% over the past month ahead of its Q4 Ethereum mainnet perpetual DEX launch. The rally has fueled a spike in on-chain activity with 975 new wallets and 229 whale transfers in a day. Experts call the recent pullback a healthy correction, with long-term growth depending on user retention.…
In brief Deren Akyeam-Pong pleaded guilty to nine charges, including kidnapping and assault related to the December 2022 abduction of Ontario’s “Crypto King” Aiden Pleterski. The guilty plea prompted an immediate adjournment of the trial for co-defendants Akil Heywood and Alfredo Paladino, with no new trial date scheduled. Cybersecurity consultant warns oversharing crypto gains “practically…
In brief Conservative activist Laura Loomer’s tweet alleging a pro-Trump pardon lobby for Sam Bankman-Fried drew wide reaction on X. Reporting confirms Bankman-Fried’s parents have explored clemency options, but no registered lobbying effort has surfaced. Analysts and prediction markets put the odds of a pardon in the single digits despite rising political chatter. Conservative activist…
In brief Kenyan parliament enacted the Virtual Asset Services Providers Bill, which seeks to establish regulatory bodies and crypto frameworks in the country. The bill identifies Kenya’s Central Bank and the Capital Markets Authority as regulatory bodies that will oversee brokers, investment advisors, and others. Sub-Saharan Africa ranked third in Chainalysis’ geographic crypto adoption report,…
In brief Monad unveiled an eligibility checker and early claim portal for its upcoming MON airdrop. The portal will be open until November 3 in which eligible participants can register an early claim on their tokens. Monad is set to rival Ethereum and Solana and raised $225 million in 2024 to build its layer-1 network.…
In brief Tesla CEO Elon Musk praised Bitcoin’s energy-based foundation on Tuesday, suggesting its value comes from the impossibility of faking energy, unlike fiat currency which governments can debase. This marks a shift from 2021 when Musk criticized Bitcoin’s electricity consumption as “insane,” and Tesla stopped accepting BTC payments over environmental concerns. Tesla currently holds…
Polling was built to measure what people think, but it mostly captures what people say they think. Belief filtered through bias, identity, and bipartisan rituals just becomes noise. Opinions are cheap when they cost nothing to express. Markets fix that.Myriad’s Perpetual Sentiment Markets replace surveys with price discovery. Instead of ticking a box, participants buy…
In brief BlackRock CEO Larry Fink said the firm is working on its own tokenization tech. Everything from ETFs to real estate could be tokenized, he said. Tokenized ETFs could help people prepare for retirement, he added. The world’s largest asset manager is developing its own technology related to digital representations of traditional assets, BlackRock…
The United States on Tuesday announced that it is seeking the forfeiture of 127,271 Bitcoin, currently worth over $14.2 billion, in the largest such forfeiture action in the history of the Department of Justice.The United States Attorney’s Office for the Eastern District of New York and the Department’s National Security Division filed the civil forfeiture…
In brief Bhutan’s national digital ID platform will issue credentials through Ethereum. The system, initially built with Cardano developer IOG, is scheduled to undergo a full migration by early 2026. Observers warn that putting national IDs on public blockchains might raise privacy risks despite greater transparency. Bhutan has integrated its National Digital Identity platform with…
