Everything web3, crypto, defi, degen
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,…
In brief Stablecoin giant Tether is bringing USDT to the Bitcoin network. Users will be able to spend their stablecoins on Bitcoin’s network via the RGB protocol. Tether says it wants Bitcoin to be “everyday money.” Stablecoin giant Tether is pushing further into the Bitcoin ecosystem, announcing on Thursday that it would make its USDT…
In brief M0 raised $40 million in Series B funding. The firm separates stablecoin reserve management from programmability. M0 is supporting the debut of MetaMask’s mUSD stablecoin. Switzerland-based stablecoin platform M0 raised $40 million in Series B funding, as it seeks to shake up the relationship between token issuers and blockchain developers, according to a…
In brief The CFTC will start using Nasdaq’s Market Surveillance platform to enhance its ability to detect fraud and market manipulation in crypto and production markets. The shift comes as lawmakers mull the CLARITY Act. A White House report recently recommended that the CFTC impose requirements on reporting market data for certain crypto firms. The…
In brief REX Shares and Osprey Funds have filed for a BNB ETF, which would seek to stake most of its assets. The filing has been submitted under the Investment Company Act, as with the Rex-Osprey Solana + Staking ETF that debuted in July. The fund would be listed on Cboe BZX Exchange, and its…
In brief The SEC has accused Unicoin and its executives of misleading investors and inflating deals. CEO Alex Konanykhin says the charges are politically motivated “fabrications” meant to block Unicoin’s public listing. Legal experts warn the SEC’s case looks like a classic securities fraud complaint, giving Unicoin a steep battle in court. Crypto firm Unicoin…
