Everything web3, crypto, defi, degen
In brief Bitcoin treasury Twenty One has added 5,800 Bitcoin to its holdings after acquiring more BTC from Tether. The firm, started by Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, will hold 43,500 digital coins. Traditional investors will be able to get exposure to the leading cryptocurrency via the company’s shares. Bitcoin treasury Twenty One Capital…
In brief Steam and Itch.io removed a wide range of adult games, following Collective Shout issuing an open letter to payment processors about titles involving “rape, incest, and child sexual abuse-themed games.” Collective Shout told Decrypt that it had “discussed” also pressuring crypto payment processors to do the same and may revisit the issue in…
In brief eToro has said it will launch tokenized stocks on Ethereum. Investors will be able to trade the assets around the clock. eToro has not given a date on when it will unveil the product. Online brokerage eToro will unveil tokenized stocks on the Ethereum blockchain, the company announced Tuesday. The new feature will allow…
In brief Prediction markets enable users to speculate and bet on the outcome of any future event. The price of one “share” in a prediction market ranges from between $0.00 to $1, and its price correlates to its percentage chance of winning. Once the event has taken place, the market resolves, with the price going…
In brief Ethereum layer-2 network Linea aims to be the future home to the world’s Ethereum capital. The network unveiled some token details and mechanisms designed to support ETH and LINEA. Ethereum-aligned companies like SharpLink Gaming, ENS Labs, and Eigen Labs will collectively steward 75% of the LINEA token distribution as part of the Linea…
In brief South Korea’s ruling and opposition parties introduced competing stablecoin bills, diverging on whether to ban interest payments. Both proposals grant emergency powers to financial regulators and require full reserve backing for won-pegged tokens. The legislative split comes as President Lee Jae-myung advances a crypto-friendly agenda amid global moves to regulate stablecoins. South Korea’s…
In brief Shares of CEA Industries (VAPE) are up more than 700% after it announced it will start a BNB treasury. The firm is raising $500 million via a PIPE, with the potential for $1.25 billion in funds for BNB purchases. BNB, the cryptocurrency launched by Binance, set a new all-time high price earlier Monday.…
In brief Bitcoin and Ethereum ETFs hit a record $11.2 billion in monthly inflows in July, with Ethereum ETFs pulling in $1.6 billion last week alone. Ethereum ETFs have already surpassed their entire 2024 performance with $7.8 billion in inflows this year, with ETH’s smaller market cap making it easier to move. Solana and XRP…
In brief ASIC has accused Bitget of offering unlicensed crypto futures to Australians, lacking an AFS licence and bypassing investor protections. Bitget’s products offer up to 125x leverage, far above ASIC’s 2:1 limit, exposing users to major financial risks, ASIC said. Global regulators have issued similar warnings since 2022, with actions taken in Spain, Japan,…
In brief AI avatars and influencers are pushing high-dose magnesium with misleading health claims. Doctors warn of real health risks, especially for vulnerable groups. Experts urge consulting professionals, and eating healthy food rather than taking more pills. Magnesium is having a moment. Touted as the latest cure-all by wellness influencers—and their increasingly realistic AI clones—the…
