Everything web3, crypto, defi, degen
In brief Bitcoin dropped more than 6% during Q3, a more tepid performance than in the previous quarter. On Monday, Strategy announced a $43 million Bitcoin purchase for its treasury, its largest in a month. Co-founder Michael Saylor has remained upbeat about Bitcoin, despite its price drop this month. Leading Bitcoin treasury Strategy (MSTR) generated…
In brief MoviePass wants people to wager on the box office. Its service doesn’t use actual money yet. Betting giants like DraftKings are interested in prediction markets. MoviePass, a company that used to let customers binge an unlimited number of movies in theaters for a monthly fee, began letting more people wager on box-office performances…
In brief Telegram launched Cocoon, a decentralized AI compute network on TON that pays GPU owners in crypto for powering private AI tasks. Telegram will use Cocoon internally, integrating it into Mini Apps and AI tools for its billion-plus users. The project challenges Big Tech’s dominance, positioning TON as an open, user-controlled alternative to AWS…
In brief Circle launched the public testnet for Arc, its Layer-1 blockchain network, with participation from over 100 companies including BlackRock, Visa, Goldman Sachs, AWS, and major crypto exchanges like Coinbase and Kraken. The blockchain is designed as an “Economic Operating System” featuring dollar-based fees, sub-second transaction finality, and optional privacy for financial applications like…
Wall Street bank Citi and crypto exchange Coinbase are teaming up to “boost digital-asset payment capabilities” for the bank’s institutional clients.In the initial phase, the bank aims accelerate fiat pay-ins and payouts and improve orchestration to better bridge traditional finance with crypto on- and off-ramps, the bank said in a press release.“The financial landscape is…
In brief Strategy purchased $43 million worth of Bitcoin. The purchase was funded through a combination of preferred shares. Citi analysts last week said Strategy shares could hit $485. Strategy spent $43 million on 390 Bitcoin last week, the company said in a press release on Monday, its largest purchase of the asset in nearly…
In brief DraftKings acquired prediction market company Railbird to launch its DraftKings Predictions app. The deal comes as prediction market volume surpassed $2 billion weekly for the first time. A source familiar with the company told Decrypt the app will initially focus on states without legal sports betting. DraftKings has acquired prediction market company Railbird…
In brief Strategy added 168 Bitcoin worth $18.8 million to its stockpile. That represented its third smallest Bitcoin purchase of the year. The company hasn’t issued any common shares this month. Strategy notched its third smallest Bitcoin purchase of the year, disclosing that it had spent $18.8 million on 168 Bitcoin last week, according to…
In brief Advertising firm Thumzup is considering adding DOGE as a reward payment alternative in its mobile app. Currently, users can earn cash for providing content about advertiser’s products. Initial assessments show integrating DOGE may lower costs and add value to the rewards pool. Publicly traded digital asset treasury and advertising firm Thumzup Media is…
In brief Strategy raised $27 million by issuing preferred shares. The firm bought Bitcoin at an average price of $123,500 last week. Bitcoin still hasn’t recovered fully from last week’s crash. Strategy, the world’s largest corporate holder of Bitcoin, said that it spent $27 million on the asset last week, but it appears that the…
