Everything web3, crypto, defi, degen
In brief Chinese regulators have reportedly given informal guidance to brokers to halt tokenization activity offshore. Hong Kong is pushing ahead with stablecoin licensing and its broader digital asset push. Observers see a temporary cooling period, not a reversal of institutional demand. China’s securities regulator has reportedly instructed some brokerages to pause their real-world asset…
In brief Rainbow Points will be converted into RNBW, a token from Ethereum wallet provider, Rainbow. RNBW’s official tokenomics are still forthcoming, but the launch is expected in Q4. The firm also made a public takeover offer of a token launching protocol, offering 4% of the RNBW supply. Ethereum wallet provider Rainbow will launch the…
In brief Helius Medical Technoligies (HSDT) shares are down more than 16% on Monday. The firm announced it acquired 760,190 SOL in its first Solana acquisitions, valuing its treasury at $168 million. It maintains an extra $335 million in cash, which it will ultimately use to bolster its treasury. Shares in medical device and neurotech…
In brief The alleged mastermind behind a cross-border investment fraud case is set to go on trial in London this month. The defendant is accused of organizing a Ponzi scheme, the proceeds of which were laundered into Bitcoin now worth some $7 billion. The case poses challenges over how defrauded investors demonstrate that they have…
In brief Arc is a blockchain built by USDC issuer Circle for stablecoin-focused applications. It uses USDC for gas, features a built-in FX engine, and enables opt-in privacy. Public testnet is expected later this year, with a mainnet beta planned for 2026. Circle, the company behind the USDC stablecoin, has launched a new blockchain platform…
In brief Remilia Corporation is launching a Milady-centric social network called RemiliaChat. The rollout is beginning with RemiliaNET, a social identity layer launching Friday. While aimed at fans of 4chan, RemiliaChat will have some level of content moderation. The Milady gang thinks social media is broken, calling the community of fans the “diaspora of chan…
In brief Rex-Osprey launched XRP and DOGE ETFs, and the SEC debuted streamlined listing standards for commodity-based trust shares. Forward Industries became Solana’s first $1 billion treasury company, with Helius planning a $500 million SOL treasury raise KindlyMD shares dropped 54% after filing S-3 registration, releasing $200 million in discounted shares that created sell pressure…
In brief Myriad Markets gives ~32% odds MetaMask launches a token before November; Polymarket traders price higher for a 2025 drop. CEO Joe Lubin has confirmed a token is coming and says the timeline may be “sooner than expected,” stoking airdrop speculation. Regulatory risk looms: SEC’s lawsuit against ConsenSys could delay or shape the token’s…
In brief Rex-Osprey’s DOJE ETF delivered substantial trading volume upon its debut Thursday. The issuer is now seeking approval for a leveraged ETF product that grants 1-1.5x leveraged exposure to DOJE. Beyond the leveraged long exposure, its objective is to send weekly distributions to holders. Rex-Osprey’s DOJE, the first U.S. spot Dogecoin ETF, produced strong…
In brief Coinbase unveiled a lending product this week offering “competitive yields.” DeFi lender Morpho is currently subsidizing those rates. A Coinbase employee acknowledged that it’s a marketing tactic. A lending product unveiled by Coinbase that offers up to 10.8% returns on USDC deposits is receiving a temporary boost from DeFi lender Morpho.On X, Coinbase…
