Everything web3, crypto, defi, degen
In brief M0 raised $40 million in Series B funding. The firm separates stablecoin reserve management from programmability. M0 is supporting the debut of MetaMask’s mUSD stablecoin. Switzerland-based stablecoin platform M0 raised $40 million in Series B funding, as it seeks to shake up the relationship between token issuers and blockchain developers, according to a…
In brief Webull has launched crypto trading for Australian users, with access to 240 digital assets and a 30 basis point spread through Coinbase Prime. Experts say Australian exchanges charge double the spreads of international peers for major cryptocurrencies like Bitcoin and Ethereum. The launch follows Webull’s Monday announcement of resuming U.S. crypto trading after…
In brief The SEC has accused Unicoin and its executives of misleading investors and inflating deals. CEO Alex Konanykhin says the charges are politically motivated “fabrications” meant to block Unicoin’s public listing. Legal experts warn the SEC’s case looks like a classic securities fraud complaint, giving Unicoin a steep battle in court. Crypto firm Unicoin…
In brief A coalition of 114 crypto companies and tech lobbying groups sent a letter to the Senate Banking Committee demanding strong legal protections for software developers in any upcoming crypto market structure bill. The letter emphasized that developers of decentralized software should not face criminal liability for how others use their programs, comparing public…
In brief The measure directs the country’s central bank to purchase 10,000 BTC over five years, with a 20-year holding requirement. Custody, proof-of-reserves, and disposal rules would be codified by law and regulation. Local crypto voices call the proposal bold but warn of volatility, fiscal tradeoffs, and gaps in financial literacy. The Philippines has introduced…
In brief Acting chair Caroline Pham said Thursday the sprint expands to custody, leveraged retail trading, and consumer protections, with feedback due October 20. The initiative is part of a four-phase process that began August 1, running alongside the SEC’s Project Crypto. Observers told Decrypt the U.S. is shifting from enforcement to enablement, positioning itself…
In brief Prophet Arena tests AI models by having them predict real-world, unresolved events, with GPT-5 currently leading the rankings. AI models show distinct prediction “personalities” and often diverge from market consensus, sometimes generating high returns. Early results suggest AI can forecast as accurately as prediction markets, potentially transforming institutional decision-making. A new artificial intelligence…
In brief The OCC terminated its consent order on digital assets bank Anchorage Digital. The regulator brought the order in 2022 after granting conditional approval to Anchorage in 2021. Federally chartered Anchorage custodies some of the BTC and ETH held in BlackRock’s spot ETFs. The Office of the Comptroller of Currency (OCC) announced Thursday that…
In brief Singapore bank DBS is tokenizing structured notes on Ethereum. The notes will give investors exposure to crypto markets. DBS is the latest TradFi institution to move into the tokenization space. Singaporean bank DBS will tokenize structured notes using Ethereum, the company announced Thursday.The bank said it had partnered with digital platforms ADDX, DigiFT,…
In brief The U.S. Treasury is seeking public comment on innovative technologies like AI, blockchain monitoring, and digital ID verification to detect illicit cryptocurrency use, with responses due October 17. Industry experts believe privacy and compliance can be balanced through zero-knowledge proofs and reusable KYC credentials that verify users without exposing personal data. The Treasury…
