Everything web3, crypto, defi, degen
In brief A short-selling cascade drove Bitcoin down 3.5% to $107,500, on Thursday, adding over $1 billion in bearish bets. The sell-off triggered $724 million in liquidations, with longs accounting for 74% of the total wipeout. A market schism emerged as spot buyers on Coinbase accumulated while shorts attacked on derivatives. Bitcoin experienced a sharp…
In brief The Financial Stability Board’s review of nearly 40 jurisdictions found “significant gaps and inconsistencies” in crypto regulations that threaten financial stability. A separate European Banking Authority report revealed crypto firms engaging in regulatory “forum shopping” across EU member states. Cross-border cooperation remains “fragmented, inconsistent, and insufficient,” with authorities struggling to share information due…
We’re excited to announce we have acquired Small Exchange, a CFTC-licensed Designated Contract Market (DCM) from IG Group for $100 million. This move lays the foundation for us to launch a fully U.S.-native derivatives product suite, creating a deep, sophisticated onshore venue in the world’s largest capital market. The acquisition of Small Exchange advances our…
In brief Advertising firm Thumzup is considering adding DOGE as a reward payment alternative in its mobile app. Currently, users can earn cash for providing content about advertiser’s products. Initial assessments show integrating DOGE may lower costs and add value to the rewards pool. Publicly traded digital asset treasury and advertising firm Thumzup Media is…
In brief The Gemma-based model generated and validated a new cancer-therapy hypothesis in human cell experiments. It identified silmitasertib as a conditional amplifier that boosts immune visibility of tumors. The result hints that scaled biological AI models can invent—not just optimize—new scientific ideas. Google DeepMind said Wednesday that its latest biological artificial-intelligence system has generated…
In brief Kenyan parliament enacted the Virtual Asset Services Providers Bill, which seeks to establish regulatory bodies and crypto frameworks in the country. The bill identifies Kenya’s Central Bank and the Capital Markets Authority as regulatory bodies that will oversee brokers, investment advisors, and others. Sub-Saharan Africa ranked third in Chainalysis’ geographic crypto adoption report,…
Polling was built to measure what people think, but it mostly captures what people say they think. Belief filtered through bias, identity, and bipartisan rituals just becomes noise. Opinions are cheap when they cost nothing to express. Markets fix that.Myriad’s Perpetual Sentiment Markets replace surveys with price discovery. Instead of ticking a box, participants buy…
In brief BlackRock CEO Larry Fink said the firm is working on its own tokenization tech. Everything from ETFs to real estate could be tokenized, he said. Tokenized ETFs could help people prepare for retirement, he added. The world’s largest asset manager is developing its own technology related to digital representations of traditional assets, BlackRock…
In brief California’s SB 822 explicitly includes digital financial assets under the state’s Unclaimed Property Law, treating them like bank accounts and securities. The bill preserves unclaimed digital assets in their native form, preventing forced liquidation that would have created taxable events for consumers without their consent. Account holders can reclaim their original digital assets,…
In brief SB 243 makes California the first state to regulate AI “companion” chatbots that simulate friendship or romance. The law mandates identity disclosures, bans sexual or self-harm topics with minors, and sets suicide-response protocols. Safety groups say the final bill was “watered down” after lobbying, calling it “an empty gesture rather than meaningful policy.”…
