Everything web3, crypto, defi, degen
In brief SharpLink Gaming said Thursday that it has sold $76.5 million worth of shares. The Ethereum treasury firm has amassed $3.37 billion worth of ETH, though has slowed its purchases of late. Leading Ethereum treasury company BitMine Immersion Technologies holds over $12 billion worth of ETH. Publicly traded Ethereum treasury company SharpLink Gaming, Inc.…
In brief Compass Coffee in Washington, D.C. became the first Square seller globally to process Bitcoin payments through a standard register during DC Fintech Week, with all transactions completing instantly. Block’s new Bitcoin payment system allows merchants to accept crypto and convert up to 50% of daily sales into Bitcoin starting November 10, with zero…
In brief Bitcoin is in a critical confidence-rebuilding phase after last week’s liquidation cascade, Decrypt was told. Experts are divided, with some seeing a market bottom and others warning of persistent headwinds. Sustainable recovery depends on improved macro conditions and the return of institutional demand. Bitcoin’s latest pullback has cleared the decks for a potential…
In brief More than $19 billion worth of crypto positions were liquidated on Friday amid a flash crash. Market experts believe that increased amounts of leverage in crypto could be creating systemic risk, with leverage cascades potentially becoming a more common occurrence. It comes as Hyperliquid and Aster have made high levels of leverage more…
In brief Shares in Ethereum treasury firm ETHZilla fell more than 5% after it announced a reverse 1-for-10 stock split. Outstanding shares will shrink from around 160 million to 16 million when the split is effective next week. ETHZilla holds around 102,000 ETH valued above $400 million. Shares in publicly traded Ethereum treasury firm ETHZilla…
In brief Bitcoin hit a new all-time high last week, before plunging following President Trump’s tariff announcements. It has recovered slightly, while gold has already jumped to a new high this week. Bitcoin and gold will continue to be bought by traders to hedge against currency debasement, experts told Decrypt. Bitcoin had been on a…
In brief Binance unveiled the “Together Initiative,” setting aside another $400 million to reimburse users affected by recent crypto liquidations. Other partners in the BNB ecosystem have added another $328 million to help affected traders of meme coins and more on BNB Chain. BNB hit a new all-time high on Monday, but is down around…
In brief Tether paid $299.5 million to settle Celsius Network bankruptcy claims, far less than the nearly $4.5 billion in Bitcoin originally sought. Celsius claimed that Tether improperly liquidated Bitcoin before its bankruptcy without proper notice; Tether said it acted lawfully. Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for fraud…
In brief Rep. Troy Downing is introducing a bill to give President Trump’s crypto retirement executive order the force of federal law. The order, signed in August, encouraged 401(k) providers to offer exposure to crypto and other alternative assets. The $25 trillion U.S. retirement savings industry could inject huge amounts of capital into crypto, but…
In brief Tesla CEO Elon Musk praised Bitcoin’s energy-based foundation on Tuesday, suggesting its value comes from the impossibility of faking energy, unlike fiat currency which governments can debase. This marks a shift from 2021 when Musk criticized Bitcoin’s electricity consumption as “insane,” and Tesla stopped accepting BTC payments over environmental concerns. Tesla currently holds…
