Everything web3, crypto, defi, degen
In brief SharpLink Gaming bought even more Ethereum last week, adding $176 million in ETH to its treasury. The Nasdaq-listed firm pivoted its focus in May to accumulating ETH. Ethereum hit a new all-time high price in August as a number of companies buy the asset. Ethereum treasury SharpLink Gaming added over $176 million in…
We’re excited to announce the next major step in the rapid growth of xStocks, the industry’s gold standard for tokenized equities. In partnership with Backed, Kraken is bringing xStocks to the Ethereum blockchain, unlocking a new wave of opportunities for tokenized stocks and ETFs to be integrated across the world’s most widely adopted smart contract…
In brief Japanese crypto exchange Coincheck plans to acquire French digital asset prime brokerage Aplo. Aplo’s founders will remain with the firm and continue expansion under Coincheck’s umbrella. The deal marks Coincheck’s latest effort to broaden institutional and retail offerings abroad. Coincheck, one of Japan’s largest cryptocurrency exchanges, said Tuesday it plans to acquire French…
In brief The buyback plan would redirect 100% of fees from protocol-owned liquidity pools across Ethereum, BSC, and Solana. Proponents claim that linking fees to token burns enhances scarcity and boosts long-term value for holders. Analysts caution the effect may be limited by upcoming unlocks and WLFI’s high valuation. Less than a day through its…
Prediction market protocol Myriad has passed $10 million in USDC trading volume with over half a million users, as it builds on its mission to make information itself a tradable asset class.The protocol’s rapid expansion is “building the rails for prediction markets to evolve beyond a niche crypto product and become an entirely new segment…
In brief Binance has appointed SB Seker as Head of Asia-Pacific on Monday, who brings over 20 years of legal and regulatory experience. The hiring comes weeks after AUSTRAC ordered Binance Australia to undergo an independent audit, citing “serious concerns” about anti-money laundering controls vulnerable to illicit money flows. Industry experts view the appointment as…
In brief Eliza Labs sued X Corp., alleging theft of AI tech and anti-competitive deplatforming. A legal expert said that Eliza Labs’ open-source status weakens IP claims, but unfair practices may hold. Eliza Labs seeks damages, reinstatement, and profits from allegedly misused technology. Eliza Labs and its founder, Shaw Walters, are suing Elon Musk’s X,…
In brief Bitcoin dropped on Friday, bringing Ethereum and other major coins and tokens with it. Cryptocurrency prices dropped on hot inflation data, with stocks also dipping on Friday. September is typically a bad month for crypto, though Bitcoin and Ethereum just recently hit new highs. Bitcoin dropped below the $109,000 mark on Friday—bringing other…
In brief Pudgy Penguins and Mythical Games collaborated to develop Pudgy Party, a new Web3 mobile game. The game falls in the party genre, offering fast-paced mini-games for players similar to Fall Guys or Stumble Guys. Pudgy Penguins CEO Luca Netz has high expectations, aiming for tens of millions of downloads. Ethereum NFT brand Pudgy…
In brief China has set targets for AI adoption, seeking 70% penetration by 2027 and 90% by 2030. The policy mandates integration of AI across industry, governance, and public services. The move underscores Beijing’s bid to outpace Western rivals in artificial intelligence. China is aiming to achieve a 70% penetration rate of AI technologies within…
