Everything web3, crypto, defi, degen
In brief BNY Mellon and Goldman Sachs are working together on a tokenized money market fund (MMF) product. The product will allow fund managers to subscribe to MMF shares that earn a tokenized representative. The goal is to unlock utility and transferability of MMF shares. Publicly traded financial giants BNY Mellon Corporation and Goldman Sachs…
In brief A new survey by Reown found that stablecoin owners outnumber Solana holders. Crypto payments and stablecoins have become the “real breakout use case,” for crypto, Reown CEO Jess Houlgrave said. Barriers to adoption include user experience, though solutions such as the WalletConnect Network are addressing the fragmentation of networks and chains. Owners of…
In brief Dating app Flirtini launched “Flirty Mood,” an AI chatbot sex coach, to curb the deluge of unsolicited nudes and help men learn respectful sexting. 78% of women report receiving unwanted nude photos; nearly half of men are open to practicing with AI before messaging real matches. Half of women say AI coaching could…
In brief The SEC appears increasingly likely to approve in-kind redemptions for Bitcoin and Ethereum ETFs, according to Bloomberg analyst James Seyffart. Five issuers with Bitcoin and Ethereum ETFs on the CBOE filed amendments to their prospectuses, suggesting “positive movement” from regulators on approving in-kind redemptions for the funds. The SEC has delayed deadlines for…
In brief CryptoPunks have led a resurgence in NFT trading volume, with activity concentrated on a dedicated marketplace for the iconic collection of profile pictures. On Solana, Mad Lads NFTs have recently jumped in floor price too. Although the rebound has generated buzz, the activity has been less pronounced than a burst of trading volume…
In brief The PUMP token has dropped 45% from its all-time high, and is now trading lower than its initial coin offering valuation. Pump.fun raised $600 million in 12 minutes earlier this month, selling its token for $0.004. It comes as users appear to be growing frustrated over the lack of airdrop details, while a…
In brief A Dogecoin network upgrade proposal could see zero-knowledge proofs and zk-rollups introduced to the meme coin blockchain. One of the proposal’s authors said that it would mark a “massive shift” in the blockchain’s capabilities. It would unlock the potential to create scalable games, apps, and protocols on the Dogecoin network. Developers have proposed…
In brief Solana reached $200, its highest in five months, alongside a $1.5 billion rise in open interest over three days. Options data signals growing investor caution, with implied volatility and 30-day skew both spiking. Upcoming macro events—including Fed remarks, jobless claims, and a rate decision—may test the rally. Solana climbed to a five-month high…
In brief Pump.fun boasts some of the most impressive numbers in the entire crypto industry, growing faster than any crypto app before it. It recently raised $600 million in an ICO, but it’s PUMP token is now close to falling below its ICO price. As competitors rise and Pump.fun’s revenue slows, can the Solana meme…
In brief Software firm Strategy has a new financial product called Stretch (STRC). STRC will be different in structure than previous STRK, STRF, and STRD offerings, the firm says. Strategy—formerly MicroStrategy—is doing everything it can to raise money to buy more Bitcoin. Bitcoin treasury firm Strategy has announced yet another new stock product to help…
