Everything web3, crypto, defi, degen
In brief If approved, it would enable Solana blocks to expand dynamically, rather than being capped. Validators with less powerful machines could forego oversized blocks through a skip-vote. Supporters see increased throughput, while critics warn of risks associated with centralization. Solana developers are weighing a new proposal to remove block limits once the network’s planned…
In brief Decentralized exchange Aster has refunded users who lost funds due to “abnormal price movements” on the recently debuted XPL token. It is believed that the pricing error came as a result of a “hardcoded” index price and capped mark price, which when removed prompted a big spike in XPL’s valuation. Aster’s token has…
In brief AIQuant launched a crypto trading platform with customizable AI agents. The AI agents trade on Base, Solana, and BNB Chain, removing human emotion from trading. A native AIQ token will support staking, governance, and future platform features. AI Quant Labs, an Atlanta-based startup specializing in automated crypto trading, launched its AIQuant platform on…
In brief Plasma, a stablecoin-focused layer-1 blockchain, has hit “mainnet beta” with its XPL token debuting alongside it. XRP buyers from the initial coin offering earlier this year are up massively. Additionally, people who made deposits towards the pre-sale were handed free tokens, even if they didn’t ultimately buy XPL. Stablecoin blockchain Plasma launched its…
In brief FalconX executed the first forward rate agreements benchmarked to the Treehouse Ethereum Staking Rate. The products allow institutions to manage exposure to volatile staking yields, though they aren’t available to U.S. clients. The launch follows record demand for Ethereum staking, with validator queues hitting two-year highs. San Mateo, California-headquartered FalconX said Thursday it…
Australia has released draft legislation to regulate digital asset platforms, proposing a framework that extends financial services laws to crypto businesses in an effort to bolster consumer protections and provide clarity for the industry.Assistant Treasurer Daniel Mulino announced the reforms on Wednesday at the Digital Economy Council of Australia’s Global Digital Asset Regulatory Summit. He described…
In brief GSR Digital Asset Treasury Companies ETF will invest at least 80% of its assets in firms that hold cryptocurrencies in their corporate treasuries. The market maker’s registration statement to the SEC included proposals for four other funds that would focus primarily on Ethereum and staking. London-based GSR recently opened a U.S. asset management…
In brief DeFi Development Corp. is boosting its share repurchase program from $1 million to $100 million. The firm will consider buying back shares from the open market when its mNAV trades below 1. DFDV is up about 4% on the day, but down 12% in the last week of trading. Shares in Solana treasury…
In brief Helius Medical Technoligies (HSDT) shares are down more than 16% on Monday. The firm announced it acquired 760,190 SOL in its first Solana acquisitions, valuing its treasury at $168 million. It maintains an extra $335 million in cash, which it will ultimately use to bolster its treasury. Shares in medical device and neurotech…
In brief Myriad Markets gives ~32% odds MetaMask launches a token before November; Polymarket traders price higher for a 2025 drop. CEO Joe Lubin has confirmed a token is coming and says the timeline may be “sooner than expected,” stoking airdrop speculation. Regulatory risk looms: SEC’s lawsuit against ConsenSys could delay or shape the token’s…
