Everything web3, crypto, defi, degen
In brief Polymarket unveiled an investment from 1789 Capital. Donald Trump Jr. serves as a partner at the venture capital firm and is joining the prediction market’s advisory board. The prediction market is trying to reenter the U.S. Donald Trump Jr. is joining Polymarket’s advisory board, the prediction market said in a press release on…
In brief Trump Media is working with Crypto.com to build a crypto treasury with $6.4 billion in backing. The treasury will be made up of Cronos (CRO). Trump Media’s Truth Social will also use CRO as a rewards and utility token. It’s the latest crypto-related business venture by one of President Trump’s companies. Trump Media…
In brief A new DeepSeek AI model has been released, challenging OpenAI’s latest open-source rollout. OpenAI’s gpt-oss-20b falters in reasoning and writing tests, while DeepSeek v3.1 produces gripping stories, working code, and smart refusals At first glance, DeepSeek’s hybrid architecture outperforms OpenAI’s open-source push, though OpenAI’s model wins on customization. OpenAI made its triumphant return…
In brief Strategy purchased roughly 3,000 Bitcoin worth $357 million. The company issued common stock to fund the purchase. The move conflicted with a newly adopted equity issuance policy. Strategy, formerly MicroStrategy, purchased $357 million in Bitcoin last week, selling common stock to fund acquisitions for the first time in nearly a month, the company…
In brief SharpLink Gaming unveiled $1.5 billion in potential stock buybacks. The company traded at a slight premium to its Ethereum holdings. SharpLink’s stock price surged more than 15% on Friday to $20.83. SharpLink Gaming can repurchase up to $1.5 billion worth of common stock under a newly authorized repurchase program, the Ethereum treasury firm…
In brief Stablecoin issuer Tether has appointed Bo Hines, former crypto advisor to the Trump administration, as a strategy advisor. Hines left his role as President Trump’s crypto advisor last week, after helping shape the landmark GENIUS Act. In his new position, Hines will help Tether “shape and execute the company’s U.S. market entry.” Stablecoin…
In brief BTCS is paying investors a “loyalty payment” to make shares illiquid. The company’s shares are trading below the value of its crypto holdings. BTCS CEO Charles Allen said short sellers are targeting the firm. Ethereum treasury firm BTCS has offered investors a one-time payment for making their shares illiquid on Monday, saying that…
Cryptocurrency exchange Gemini said Friday that it has submitted a public S-1 filing with the SEC to launch a planned initial public offering, two months after previously revealing a confidential filing with the regulator.Gemini, which was founded in 2014 by billionaire Bitcoin investors Tyler and Cameron Winklevoss—perhaps best known for their role in the creation…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
In brief An indictment was unsealed against former Zero Edge CEO Richard Kim. He allegedly admitted to gambling away the crypto casino firm’s seed round funding. Federal prosecutors say he misappropriated $3.8 million. Federal prosecutors in New York are pursuing fraud charges against the former CEO of a crypto-powered casino, claiming the 39-year-old gambled away…
