Everything web3, crypto, defi, degen
In brief The White House unveiled a national AI strategy centered on growth, infrastructure, and global dominance. Critics say it overlooks risks and weakens existing safeguards. The plan promotes deregulation, open-source models, and export controls. The White House on Wednesday unveiled a national strategy to cement U.S. dominance in artificial intelligence—drawing criticism from civil rights…
In brief The price of Bitcoin has pulled back to $117K after failing to break resistance above $121,000. XRP is down bad, falling 8.37% in the last 24 hours. But fear not crypto bulls. Technical data suggests a very normal correction at play rather than a trend reversal. Bitcoin and the rest of the crypto…
In brief Prometheum can custody a handful of tokens, but it’s now racing to support on-chain securities, founder and co-CEO Aaron Kaplan said. Kaplan testified on Capitol Hill in 2023 that the SEC had laid out a clear path to compliance for crypto firms. Some tokenized offerings resemble gambling, Kaplan argued. Tokenization could revolutionize finance,…
In brief Altcoins are falling hard Wednesday following a recent surge in prices for Ethereum, XRP, and more. Glassnode reports that altcoin open interest hit a new all-time high, skyrocketing since the start of July. That growth in derivatives trading may result in more volatility, which could explain the dip. The recent crypto market euphoria…
In brief After pulling in $2.5 billion over the first 10 months since launch, Ethereum ETFs have attracted $5 billion since mid-May alone, signaling accelerating institutional demand. Analysts note that price momentum is lagging behind institutional inflows. While the long-term outlook remains bullish due to institutional adoption, one analyst is positioning for a potential short-term…
In brief A new survey by Reown found that stablecoin owners outnumber Solana holders. Crypto payments and stablecoins have become the “real breakout use case,” for crypto, Reown CEO Jess Houlgrave said. Barriers to adoption include user experience, though solutions such as the WalletConnect Network are addressing the fragmentation of networks and chains. Owners of…
In brief Denver pastor Eli Regalado and his wife Kaitlyn face 40 felony charges for allegedly defrauding Christian investors of $3.4 million through the INDXcoin crypto between January 2022 and July 2023. The couple are accused of pocketing at least $1.3 million for personal expenses, including luxury vacations, cosmetic dentistry, and home renovations they claimed…
In brief XRP is now 91st largest asset in the world, with a larger market capitalization than PepsiCo, BlackRock, and Uber. It comes after the cryptocurrency set a new all-time high for the first time in seven years. The asset needs to rise just 5% to surpass fast food giant McDonald’s. XRP is now larger…
In brief A DOJ crypto scam case briefly sealed in full has sparked a backlash after NOTUS linked the victims to MoonPay execs tied to Donald Trump’s meme coin. Interim U.S. Attorney Jeanine Pirro blamed court clerks for sealing the entire docket and said prosecutors only asked to shield a company name. The alleged victims…
In brief Kitabo Co., a century-old Japanese textile firm, plans to buy Bitcoin worth ¥800 million (approx. $5.4 million). The move aligns with a broader trend in Asia, where traditional firms like Metaplanet are adopting Bitcoin to hedge against monetary debasement. Kitabo will acquire the digital asset via dollar-cost averaging and may lend holdings to…
