Everything web3, crypto, defi, degen
In brief Minister Jayant Chaudhary’s crypto investments grew 19% to $25,500 (₹21.31 lakh), marking the second year a Union minister disclosed digital asset holdings amid policy uncertainty. Mudrex’s survey of over 9,000 Indians revealed that 93% support crypto regulation, while 84% call the current 30% tax rate unfair compared to 12.5% equity taxation. The RBI’s…
Prediction market PredictIt, which started out as an academic platform focused on political forecasts, is preparing to launch a new exchange after getting the nod from the Commodities Futures Trading Commission.PredictIt, operated by the D.C.-based Aristole, said last week that the CFTC approved its applications to operate as both a designated contract market, or DCM,…
In brief Forward Industries unveiled a $1.65 billion private placement in public equity. The firm will accumulate Solana, with support from several firms. Forward’s stock price soared 92% pre-market, but then fell. It’s still up 40% on the day, as of this writing. Forward Industries unveiled a $1.65 billion private placement in public equity, or…
In brief Robinhood was added to the S&P 500 Publicly traded digital asset-focused firms have benefited from the friendlier regulatory and political environment of recent months. The S&P 500 added crypto exchange Coinbase to the index in May. Shares of Robinhood soared 7% in after hours trading after the retail brokerage, which focuses heavily on…
In brief Kraken has bought proprietary trading platform Breakout. It’s the latest acquisition by the crypto exchange. San Francisco-based Kraken has said it is planning to go public. U.S. crypto exchange Kraken has acquired proprietary trading platform Breakout, the company announced Thursday, as it continues its efforts to expand services ahead of a planned public…
In brief BitMine Immersion Technologies recently purchased 153,000 Ethereum. It now owns roughly 1.5% of the asset’s supply, with its stash valued above $8 billion. Ethereum is having a “1971 moment,” Tom Lee said. BitMine Immersion Technologies recently purchased 153,000 Ethereum, taking a $655 million step toward its goal of owning 5% of the asset’s…
In brief Strategy purchased $450 million worth of Bitcoin. A self-imposed restraint triggered a “chain reaction,” Benchmark analysts said. The firm could be tapped in the S&P 500’s next rebalancing. Strategy recently purchased 4,000 Bitcoin worth $450 million, raising funds for its latest acquisition mostly by issuing common shares, according to a press release.The Tysons…
In brief BRC-2.0 embeds EVM functionality directly into Bitcoin’s BRC-20 indexer. The upgrade aims to expand Bitcoin tokens beyond meme coins into programmable assets. Backers say the move positions BRC-20 ahead of Runes by enabling a DeFi ecosystem. BRC-20, the first token standard built directly on Bitcoin’s base layer and indexers, has officially launched “BRC2.0”…
In brief Remy St Felix was previously convicted of leading a home invasion crew that swiped crypto from victims. Already serving 47 years in prison, he was sentenced to six additional years for beating a witness. So-called wrench attacks, or physical assaults on crypto holders, have accelerated this year. A Florida man sentenced to 47…
In brief Dutch and U.S. authorities shut down VerifTools, a major fake ID marketplace that generated $6.4 million selling counterfeit documents for as little as $9 in crypto. The operation seized 23 servers from one of the largest international providers of fraudulent identity documents. Modern fake IDs use sophisticated technology like holograms and UV ink,…
