Everything web3, crypto, defi, degen
In brief OSL Group is raising HK$2.36 billion (US$300 million) through new share issuance. About $90 million is earmarked for stablecoin and payment infrastructure. Observers say the move positions OSL to capitalize on early demand for compliant stablecoin rails in Asia. OSL Group, Hong Kong’s first licensed digital asset exchange, said Friday it will raise…
In brief Off the Grid has started to allow players to “export” NFT skins so they can trade them on OpenSea. It comes the week after the game was rolled out on popular PC storefront Steam. An avid Off the Grid skin collector called it the “greatest week” for the game, citing new players entering…
In brief U.S. M2 money supply hit a record $22.02 trillion, but crypto markets continued to slide. Analysts say liquidity remains sidelined in money markets, not flowing into risk assets like crypto. High leverage, especially in altcoins, is driving forced selling and amplifying short-term volatility. The U.S. money supply has climbed to a record high,…
In brief Chapman ran a “laptop farm” from her Arizona home, hosting devices for North Korean IT workers to spoof their U.S. presence. Over 300 U.S. companies—including a major TV network and aerospace firm—were unknowingly infiltrated. Officials say the operation helped fund North Korea’s weapons program and exposed crypto firms to security risks. An Arizonan…
In brief Agama, a longtime SEC official appointed Director-General in 2024, has pushed for more proactive engagement with digital asset firms. His latest remarks follow the onboarding of stablecoin firms into the SEC’s regulatory sandbox and renewed public outreach. Analysts say rebuilding trust will depend on whether the government follows through with consistent, transparent enforcement.…
In brief OpenAI rolled out ChatGPT agent to subscribers, enabling web access and task automation. The company warned users about prompt injection attacks that could exploit the agent’s permissions. Experts recommend caution, limited access, and layered security to reduce risks. OpenAI rolled out its ChatGPT agent to Plus, Pro, and Team subscribers on Thursday, offering…
In brief Only BlackRock and Fidelity’s spot Bitcoin funds needed less time to reach $10 billion in assets. ETHA has added $5 billion over a 10-day period ending Wednesday. The surge in ETH ETF inflows has been closely intertwined with a dramatic surge in Ethereum’s price. BlackRock’s iShares Ethereum Trust (ETHA) has topped $10 billion…
In brief House Majority Whip Tom Emmer (R-MN) believes the Senate will ultimately opt to pass the House’s market structure bill, the CLARITY Act. The Senate is currently in the midst of drafting its own market structure bill, which it plans to deliberate on in September. Emmer says the White House has communicated that it…
In brief HYPE is currently trading for just above $43. That means Hyperliquid needs a 60% surge in price for the token to hit $69.69 before September. Predictors on Myriad place the odds of that happening at 30%. Here’s what the charts have to say. Will Hyperliquid’s native token continue to ride the HYPE and…
In brief A Bitcoin address on Thursday moved $469 million worth of the leading cryptocurrency. The digital fortune had sat virtually unmoved since January 2011, blockchain data shows. Earlier this month, a Bitcoin whale moved $8 billion in coins—shocking market observers. A Bitcoin whale on Thursday moved its $469 million crypto fortune after holding it…
