Everything web3, crypto, defi, degen
In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee on Blockchain urged the Commission issuing WYST to “resist pressure to act as a political or financial gatekeeper.” The GENIUS Act’s passage could increase crypto…
In brief Sen. Warren acknowledged the need for crypto legislation but critiqued the industry’s influence on US politics. The senator claimed the GENIUS Act was an instance of the industry writing “its own legislation.” She compared it to another bill—the Commodity Futures Modernization Act of 2000—which may have indirectly influenced the 2008 financial crisis. Sen.…
In brief AI coding startup Cognition is closing a $300M+ funding round, rocketing its “autonomous coder” Devin to a $10 billion valuation. Devin wowed Silicon Valley with viral demos, but critics say it still flubs real-world coding and needs human help. Investors keep piling in as agentic AI hype grows—despite bugs, flops, and open questions…
In brief Galaxy CEO Mike Novogratz said that Ethereum could do better than Bitcoin over the next three to six months. Institutions buying the second-biggest cryptocurrency will help propel its rise, he said. ETH remains well below its all-time high mark from 2021, while Bitcoin just recently hit another fresh peak. Crypto entrepreneur and billionaire…
In brief Myriad has expanded its prediction markets to Ethereum layer-2 network, Linea. Top markets this week include predictions on SharpLink Gaming’s ETH holdings and Solana tokens PENGU, Fartcoin, and PUMP. Predictors think PENGU will eclipse a $2.5 billion market cap by the end of July, and Fartcoin will outpace PUMP into August. What do…
In brief A Bitcoin address on Thursday moved $469 million worth of the leading cryptocurrency. The digital fortune had sat virtually unmoved since January 2011, blockchain data shows. Earlier this month, a Bitcoin whale moved $8 billion in coins—shocking market observers. A Bitcoin whale on Thursday moved its $469 million crypto fortune after holding it…
We’re excited to announce plans to introduce the $INK token and Ink Layer 2 into our existing product suite, unlocking a new wave of use cases powered by onchain protocols and infrastructure. We aim to deliver seamless onchain experiences and new opportunities for our global client base. $INK will be issued by a subsidiary of…
In brief PayPal will launch a platform this fall linking domestic wallets like UPI and WeChat Pay to its global merchant network. The service mirrors stablecoin functionality but runs on traditional fiat rails, without blockchain infrastructure. It comes as PayPal continues to support and integrate its stablecoin, PYUSD, into its broader product suite. U.S. payments…
In brief Crypto mogul Arthur Hayes previously predicted that Ethereum would hit $5,000 per coin this year. He now thinks it will soar to $10,000, following the coin’s recent surge. Hayes argues in a blog post that credit expansion in the U.S. will cause the digital coin’s surge. Ethereum has made a comeback, recently hitting…
In brief Altcoins are falling hard Wednesday following a recent surge in prices for Ethereum, XRP, and more. Glassnode reports that altcoin open interest hit a new all-time high, skyrocketing since the start of July. That growth in derivatives trading may result in more volatility, which could explain the dip. The recent crypto market euphoria…
