Everything web3, crypto, defi, degen
In brief PayPal launched PayPal Links, a peer-to-peer payment tool for messaging apps that will soon support transfers of Bitcoin, Ethereum, PayPal’s PYUSD stablecoin, and other tokens. The program will first roll out in the U.S. before expanding to the U.K., Italy, and other markets later this month. Crypto transfers between friends and family on…
In brief The U.S. DOJ has filed a civil forfeiture action to recover over $500,000 in USDT from an Iranian national. Per the DOJ, Mohammad Abedini is founder of Iranian firm SDRA, which supplies technology used in Iran’s Shahed military drones. The USDT tokens were said to be kept in an unhosted cryptocurrency wallet, posing questions…
In brief ModStealer spreads through fake recruiter ads using obfuscated code. It targets browser wallets and hides by disguising itself as a background helper. The malware poses a direct threat to crypto users and platforms, Decrypt was told. A new malware strain that can slip past antivirus checks and steal data from crypto wallets on…
In brief Downloads of Jack Dorsey’s decentralized messaging app Bitchat have surged in Nepal and Indonesia amid national protests. Nepal’s ban on multiple social media platforms drove mass adoption of the decentralized, offline chat app, with downloads surging from 3,300 last week to over 48,000 on Monday. Decentralized apps like Bitchat offer a measure of…
In brief Solana is outperforming its major peers and Myriad predictors think a new all-time high is coming by the end of 2025. TROLL has been one of the best performing meme coins of the summer, but predictors feel a dump is likely. Predictors are confident that SharpLink Gaming will not eclipse its first ETH…
In brief 21Shares launched a new ETP tied to dYdX’s native token, extending regulated access to one of the largest decentralized derivatives protocols. The product follows 21Shares’ earlier DeFi ETPs including Aave and Uniswap launched in 2022, becoming Europe’s largest crypto ETP issuer with 48 products. DYDX was chosen because it “adds a distinctive dimension”…
In brief Sen. John Kennedy (R-LA) said the Senate is “not ready” for sweeping crypto market rules, warning lawmakers still have “a lot of questions.” Sen. Tim Scott (R-SC), chair of Senate Banking, has insisted on a September 30 markup, despite pushback from Democrats and fellow Republicans. Policy experts say rushing a “full leap” bill…
In brief Hayes has accumulated about $995,000 worth of ENA in the past two days, according to Arkham Intelligence. Ethena, backed by BlackRock, has pledged to route 95% of USDH revenue to Hyperliquid and cover migration costs. Native Markets leads the race with 90% odds, while Paxos revised its proposal and secured a Kraken listing…
In brief Brian Quintenz, President Trump’s nominee to head the CFTC, publicly released screenshots of purported Signal messages with Gemini founders Tyler and Cameron Winklevoss. Quintenz claimed that they tried to derail his nomination after he wouldn’t commit to their demands regarding CFTC reform. According to Quintenz, the Winklevoss brothers threatened to contact President Trump…
In brief Projects are fighting over who will take control of the USDH ticker to create a “Hyperliquid-aligned” stablecoin. Major companies like Ethena, Paxos, Sky, and Agora have submitted proposals, most of which include a way to give back to the Hyperliquid community. But the relative newcomer Native Markets is currently looking most likely to…
