Everything web3, crypto, defi, degen
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
In brief Investors put over $1 billion into Ethereum ETFs on Monday, breaking the single-day record. The surging investment shows that people finally understand the cryptocurrency, Bloomberg analyst Eric Balchunas told Decrypt. Ethereum’s price is now close to breaking a new all-time high, topping $4,500 on Tuesday for the first time since 2021. Investors threw…
In brief Video platform Rumble is looking to expand by buying German AI cloud firm, Northern Data. The potential buy has backing from stablecoin giant Tether, which owns a controlling stake in the AI firm. Northern Data also said it would sell its Bitcoin mining business in a separate deal. YouTube rival and Bitcoin treasury…
ETH BREAKS THROUGH $4K, BTC NEARS ATH, PUNKS NOW $240KBitcoin nears ATH, ETH hits highs since 2021. ETH leads majors, 71% odds it hits $5k in 2025. BlackRock has no plans for XRP or SOL ETF. Harvard bought $117m BTC ETF. Bo Hines to step down and move to private sector. WLFI plans $1.5b fundraising…
In brief CTM360 identified a “ClickTok” campaign using over 10,000 fake domains that mimic TikTok Shop to steal user credentials and distribute malware through phishing pages and trojanized apps. Scammers deploy fake Meta ads and AI-generated TikTok videos mimicking influencers to direct victims to fraudulent storefronts offering heavily discounted products paid for with cryptocurrency. The…
In brief Ethereum daily transactions reached 1.87 million, approaching the all-time high of 1.96 million set in January 2024. The surge has been driven primarily by increased activity from stablecoins USDC, Tether, and decentralized exchange Uniswap. Market analysts attribute the surge to regulatory developments like the GENIUS Act passage, multiple ETF approvals bringing traditional market…
In brief Municipal workers in Lugano recovered the vandalized Satoshi Nakamoto statue from Lake Lugano on Monday after it was stolen and thrown into the water over the weekend. Artist collective Satoshigallery offered 0.1 Bitcoin (over $11,000) for the statue’s recovery, vowing to continue their global mission despite the vandalism. The Lugano installation is part…
BTC ATH MONTHLY, TRUMP SPOOKS MARKETS, ALTCOINS LEAD FALLSBitcoin records ATH monthly close then falls. Altcoins lead crypto sell-off after mixed earnings. SEC launches ‘Project Crypto’ to tokenise assets. Most crypto assets are not securities: Atkins. Strategy reports $10b profit despite funding costs. Coinbase earnings mixed, stock falls 10%. Coinbase to expand to tokenized RWAs,…
In brief Tether reported a second-quarter profit of $4.9 billion. CEO Paolo Ardoino teased a new U.S. venture. The stablecoin is still partly backed by Bitcoin and precious metals. Tether reported a second-quarter profit of $4.9 billion on Thursday, as CEO Paolo Ardoino teased a new, U.S.-specific venture for the stablecoin giant on social media.In…
In brief South Korea’s FSC and FSS summoned officials from five major crypto exchanges after Upbit and Bithumb launched lending products offering up to 4x leverage, enabling short-selling through borrowed funds. Upbit suspended its Tether lending service, citing potential violations of Korea’s Lending Business Act, while Bithumb modified its structure but maintained controversial 4x leverage…
