Everything web3, crypto, defi, degen
In brief BlackRock’s Bitcoin ETF (IBIT) has become the asset manager’s most profitable fund by annualized fee revenue, with $97 billion in assets after just 21 months. S&P Global launched its first hybrid “Digital Markets 50” index combining 35 blockchain-related stocks with 15 major cryptocurrencies. Coinbase secured approval to offer staking services in New York…
In brief MetaMask users can trade derivatives using Hyperliquid’s infrastructure. The self-custodial wallet plans to add support for Polymarket. MetaMask users can earn rewards, including Linea’s native token. Popular crypto wallet MetaMask unveiled native support for Hyperliquid on Wednesday, allowing users to more easily speculate on the price of various cryptocurrencies through the up-and-coming decentralized…
In brief Polymarket received a $2 billion investment from Intercontinental Exchange, owner of the New York Stock Exchange. The deal gave Polymarket a post-deal valuation of $9 billion, the prediction market startup said. Polymarket has inked several high-profile deals this year. Polymarket CEO Shayne Coplan said on Tuesday that the prediction-market platform will receive up…
In brief Strategy didn’t buy any Bitcoin last week. But it made $140 million in dividend payments. The firm took similar pauses at the end of Q1 and Q2. Strategy, the world’s largest corporate holder of Bitcoin, stopped accumulating the asset last week, as it made $140 million in dividend payments, according to a press…
In brief Leading Ethereum treasury company BitMine Immersion Technologies now holds $13 billion worth of ETH. The company purchased $823 million worth of Ethereum over the last week, it said Monday. BitMine is second only to Bitcoin giant Strategy in terms of the value of its crypto treasury holdings. BitMine Immersion Technologies, the leading publicly…
In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken…
In brief New York lawmakers have introduced a bill aiming to tax Bitcoin miners. Democratic Senator Liz Krueger and Assemblymember Anna Kelles argue that mining operations use too much electricity. If passed, the money would be passed to lower income households in the state. New York lawmakers are trying to tax Bitcoin miners, citing excessive…
In brief Tron founder Justin Sun unveiled a Hyperliquid competitor Among other features, it will feature “dark pools.” The exchange is named after a mythological character. As Hyperliquid and Aster jockey for DeFi supremacy, Tron founder Justin Sun unveiled his own decentralized perpetual contracts exchange on Wednesday called SunPerp.The platform is designed to subsidize users’…
In brief Starknet began letting users stake Bitcoin on Tuesday. The network pays out rewards in Starknet’s STRK. The Starknet Foundation is distributing 100 million in STRK incentives. Bitcoin became a core part of Starknet’s ecosystem on Tuesday, as the Ethereum layer-2 network began using the asset as a way to secure itself, according to…
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…
