Everything web3, crypto, defi, degen
In brief Crypto prices plunged last week. Bitcoin miner BitMine Immersion saw this as a buying opportunity and bought over 200,000 ETH. The NYSE-listed firm now holds over $13 billion in crypto. Ethereum treasury BitMine Immersion bought the dip, snapping up 203,826 ETH last week to bring its current holdings to over 3.2 million digital…
In brief Bitcoin funds experienced $946 million in outflows last week following the October 10 market crash triggered by President Trump’s tariff threats, with losses concentrated in U.S.-listed products. While U.S. investors pulled money out, European and Canadian investors bought the dip, with Germany, Switzerland, and Canada recording net inflows during the downturn. Altcoins saw…
In brief Strategy added 168 Bitcoin worth $18.8 million to its stockpile. That represented its third smallest Bitcoin purchase of the year. The company hasn’t issued any common shares this month. Strategy notched its third smallest Bitcoin purchase of the year, disclosing that it had spent $18.8 million on 168 Bitcoin last week, according to…
In brief Coinbase is ending the waitlist for its Coinbase One Card, making it available to hundreds of thousands of American users. The card provides up to 4% BTC back in rewards based on how much crypto the user holds on Coinbase. The card is exclusively available to subscribers to Coinbase’s Coinbase One service. Coinbase…
In brief BlackRock’s iShares Bitcoin ETP is now available to UK retail investors on the London Stock Exchange, backed by bitcoin held through Coinbase custody. BlackRock’s U.S. Bitcoin ETF became the firm’s most profitable fund in just 21 months, though it fell short of the $100 billion milestone amid last week’s market crash. BlackRock CEO…
In brief Gemini is launching a Solana version of its Gemini Credit Card. Users can earn SOL on every purchase and automatically stake it to boost their rewards. The exchange also offers Bitcoin and XRP versions of the card. Publicly traded crypto exchange Gemini expanded its credit card suite on Monday, unveiling the Solana Card—a…
In brief MrBeast filed a trademark for MrBeast Financial, a planned app offering crypto exchange, payment processing, banking, and insurance services. The YouTuber would need FinCEN registration, state money transmitter licenses, and SEC/CFTC approval to launch such a platform—none filed yet. This joins 52 trademarks owned by his company, though not all have become actual…
In brief Binance has received regulatory approval to take majority control of GOPAX after prolonged scrutiny. GOPAX says the move marks progress toward resolving GOFi repayments tied to Genesis Global Capital. Analysts say the decision reconciles with regulators but does not mean immediate disruption in a crypto market still dominated by Upbit and Bithumb. South…
In brief The deal raises roughly $231 million payable in BTC or SolvBTC, issued by Solv Protocol. Zeta says the transaction enhances its balance sheet and reflects confidence in Bitcoin’s fundamentals. The group touts the deal as a way to fuse Bitcoin’s scarcity with sustainable yield. Nasdaq-listed fintech firm Zeta Network Group has entered into…
In brief Predictors on Myriad are becoming more bearish in Thursday trading as crypto markets slide. Solana is given just 34% odds by predictors of reaching a new all-time high. Despite gold’s lead in the race to $5K, Myriad users think ETH has a better chance of reaching the mark first. As crypto markets fall…
