Everything web3, crypto, defi, degen
In brief BitMine Immersion Technologies added $321 million worth of ETH last week. The company now holds over $13.8 billion worth of ETH, leading the Ethereum treasury accumulation race. BitMine shares are up more than 5% on the day. BitMine Immersion Technologies added another $321 million worth of Ethereum (ETH) to its stockpile over the…
In brief Defunct crypto exchange Mt. Gox has pushed its repayment deadline back to October 31, 2026, per a court notice. Around 19,500 creditors have been repaid so far, while many remain pending. Early repayment news sparked selloffs, but later delays drew little reaction, showing greater market resilience. Mt. Gox’s court-appointed rehabilitation trustee has postponed…
In brief A report from the U.S. and other Western nations has found that North Korea is becoming more systematic and sophisticated in its crypto-hacking activities. Yet one contributor to the report, Chainalysis, indicates that Western agencies and firms are increasingly adapting to the growing threat. North Korea’s hacking activities have been supplemented in recent…
In brief Experts warn insider trading in sports gambling could surge as betting on games shifts to CFTC-regulated prediction markets. The CFTC, which regulates sports and other prediction markets, has little experience in monitoring sports betting, and limited capacity to do so given its staff size, the experts said. Supporters say on-chain transparency helps prediction…
In brief DraftKings acquired prediction market platform Railbird but will focus on states without legal sports betting to avoid jeopardizing its existing gambling licenses. Bitcoin mining rig maker Canaan received a $4 price target from Benchmark analysts after a dramatic turnaround from near-delisting at $1, with shares up 18% for the week. Payments processor Zelle…
In brief Custodia and Vantage have unveiled a live network for tokenized deposits across U.S. banks. The system enables switching between deposits and GENIUS Act–compliant stablecoins. The platform awaits final regulatory approval to start at scale, Custodia CEO Caitlin Long confirmed with Decrypt. Custodia Bank and Vantage Bank Texas have unveiled a live platform for…
In brief Crypto.com filed an application with the Office of the Currency Comptroller (OCC) for a national bank trust charter. The firm joins a growing list of crypto companies seeking the charter, like Coinbase, Circle, and the Stripe-owned Bridge. National banks can now custody crypto, and more crypto-friendly regulation may be on the way—like access…
In brief Tether unveiled QVAC Genesis I, a 41-billion-token synthetic dataset aimed at training open, STEM-focused AI models. The release includes QVAC Workbench, a local AI app that runs fully on users’ devices for privacy and control. CEO Paolo Ardoino said the goal is to decentralize intelligence and challenge Big Tech’s control of AI data.…
In brief Matthew Modabber, Polymarket’s CMO, confirmed that a token and airdrop will come eventually. But first, the prediction market wants to reenter the U.S. after it was effectively banned by the CFTC in 2022. Modabber said that the company wants the token to have “true utility,” so it needs to be a “core priority.”…
JPMorgan Chase & Co. is reportedly working to allow its institutional clients to use Bitcoin and Ethereum as collateral for loans, marking one of the most direct integrations of crypto assets into Wall Street’s credit systems to date.The program, expected to launch by the end of 2025, will rely on a third-party custodian to hold…
