Everything web3, crypto, defi, degen
In brief The SEC has formally exempted major Ethereum and Solana staking protocols from securities laws. It’s likely the final clarification needed to give staking ETFs the green light. The precedent is also now set for staking across broader decentralized protocols. GM!Today’s top news: Crypto majors dip after Monday’s rally; BTC at $114,300 SEC gives…
In brief The broader crypto market rally has stalled, with total market cap falling again today. But one token is swimming against the current: Mantle, or MNT. Mantle is building an Ethereum treasury, and ETH charts tell an interesting story of their own. The cryptocurrency market is catching its breath after Monday’s exuberance, with the…
In brief Bitcoin-buying firms offset Galaxy Digital’s massive Bitcoin sale, Mike Novogratz said. Crypto-buying firms should continue to support prices, he added. Galaxy Digital has partnered with 20 crypto asset treasury firms. Institutional crypto firm Galaxy Digital was tasked with executing one of the largest Bitcoin sales in history at a pivotal time, according to…
In brief SharpLink Gaming has bought even more Ethereum, adding $264.5 million in digital coins to its treasury. The Nasdaq-listed firm has pivoted its focus to accumulating ETH. Ethereum was trading above $3,630, down a few fractions of a percentage point over the past 24 hours. Ethereum treasury SharpLink Gaming bought $264.5 million in Ethereum…
In brief Pseudonymous “SharpLink Whale” currently holds $3 million worth of ETH treasury company but no actual Ethereum. The trader told Decrypt he is willing to pay a premium on the asset for the company to custody and yield millions of dollars worth of Ethereum for him. However, he warns against copycat Ethereum treasury firms,…
In brief Bitcoin whales holding 10-10,000 BTC accumulated 0.9% of the total supply over four months, including 30,000 BTC over the past 48 hours. Despite whale buying, large-scale profit-taking occurred with one whale offloading $9 billion worth of Bitcoin through Galaxy Digital. Whales are expanding beyond Bitcoin into Ethereum, Solana, and select memecoins while the…
In brief Newly formed company The Ether Machine has purchased 15,000 Ethereum (ETH) at a cost of $56.9 million, bringing its ETH holdings to $1.28 billion. This makes it one of the largest ETH treasuries, just behind Bitmine Immersion Tech and SharpLink Gaming and ahead of the Ethereum Foundation. Investors are increasingly looking to invest…
In brief Etherex, a new decentralized exchange on Linea, aims to fulfill the original promise of Ethereum DEX. The DEX is designed to be completely user-aligned, providing all trading fees and incentives back to locked token holders. It ultimately could attract capital from major ETH holders and institutions by offering “superior yield.” Newly launched crypto…
In brief Biotech firm 180 Life Sciences is rebranding to ETHZilla and starting an Ethereum treasury. The firm is raising $425 million via a PIPE offering, and using proceeds to buy ETH. Shares are down more than 99% all-time, but finished the day up more than 10%. Publicly traded biotech company 180 Life Sciences is…
In brief Bitmine Immersion Technologies has approved a plan to execute an up to $1 billion buyback of its common stock. The repurchase plan is open-ended, with purchases happening periodically over the next few years. Bitmine is among several treasury firms pivoting that are focusing on accumulating Ethereum. BitMine Immersion Technologies has approved an up…
