Everything web3, crypto, defi, degen
In brief Ethereum daily transactions reached 1.87 million, approaching the all-time high of 1.96 million set in January 2024. The surge has been driven primarily by increased activity from stablecoins USDC, Tether, and decentralized exchange Uniswap. Market analysts attribute the surge to regulatory developments like the GENIUS Act passage, multiple ETF approvals bringing traditional market…
In brief Crypto is marching back towards $4 trillion, with Bitcoin and Ethereum leading the way. But modest 2-3% gains don’t get degens excited. For that, there’s Pump.fun’s PUMP. PUMP is up over 30% on the week. Why? Let’s take a look at the charts. The crypto market continues its climb back upwards: Bitcoin and…
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 Amanda Fischer, ex-Chief of Staff to SEC Chair Gary Gensler, compared liquid staking to the risky rehypothecation practices that helped sink Lehman Brothers. Crypto lawyers and founders say Fischer overstates the SEC’s stance, which narrowly applies to passive, non-leveraged staking setups. Figures from VanEck, Solana’s Helius Labs, and Magic Eden called Fischer’s claims…
In brief Ledger’s CIP-8 support limits ADA users from signing Glacier Drop’s 251-byte payload. A temporary workaround using metadata in null transactions is being deployed for ADA users. Midnight Foundation assured participants that affected users won’t lose access or placement in the airdrop. A software limitation in Ledger hardware wallets is preventing some Cardano users…
In brief The SEC exempted liquid staking services from regulation Tuesday. Services like Lido and Jito are now formally greenlit to issue staking tokens and pay out crypto staking rewards to customers without registering with the agency. The move follows a similar SEC exemption in May that permitted unregulated self-custodial and custodial staking. The SEC…
In brief Leland King Fawcette says he fumbled a $36 million trade on the surging Troll meme coin. He originally bought $1,300 worth of the Solana token in August 2024 but sold it just hours later when it didn’t pump. At the time of his sale, Troll’s market cap was $9,360. Now, it is at…
In brief Ponke, a Solana meme coin with a large social media following, is set to sell a plush toy of its monkey mascot on Wednesday for $69. It comes as the result of its partnership with 223, a spinout venture of licensed accessories giant JCorp. The project is set to roll out two more…
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 A Welshman has quit his pursuit of recovering 8,000 Bitcoin from a hard drive that was accidently thrown into a landfill in Newport, Wales in 2013. James Howells attempted “everything humanly possible” to recover his buried BTC from legal battles to multi-million dollar bids but nothing worked. Now, he’s pivoting his plan to…
