Everything web3, crypto, defi, degen
In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee on Blockchain urged the Commission issuing WYST to “resist pressure to act as a political or financial gatekeeper.” The GENIUS Act’s passage could increase crypto…
In brief Pump.fun’s PUMP token has crashed more than 60% since its launch, following a $600 million iCO. The meme coin launchpad’s co-founder has said there’s no airdrop coming any time soon, which only intensified the sell pressure. What do the charts say? It’s not looking good. The crypto market’s risk-on sentiment has done little…
Here’s some more information about the tokens: Virtuals Protocol (VIRTUALS) is a digital asset based on blockchain technology.which enables decentralized peer-to-peer transactions . Trading with Virtuals Protocol can offer portfolio diversification opportunities, potential profits from market movements, and exposure to one of the most active areas of global finance. Fetch.ai (FET) is building a decentralized…
In brief BitMine Immersion Technologies’ Ethereum token holdings have reached $2.1 billion. The firm, which previously focused on Bitcoin mining, holds more ETH than any other Ethereum treasury firm. The company closed a $250 million initial private placement on July 8. BitMine Immersion Technologies’ Ethereum token holdings have reached $2.1 billion, according to a Thursday…
In brief Myriad has expanded its prediction markets to Ethereum layer-2 network, Linea. Top markets this week include predictions on SharpLink Gaming’s ETH holdings and Solana tokens PENGU, Fartcoin, and PUMP. Predictors think PENGU will eclipse a $2.5 billion market cap by the end of July, and Fartcoin will outpace PUMP into August. What do…
In brief Ben “Funky” Askren promoted a Solana meme coin on his social media on Wednesday, which was “rug pulled” not long after. It appears to have come as part of a paid promotion with Sahil Arora, the celeb coin creator behind Caitlyn Jenner’s infamous venture into crypto. Arora told Decrypt Askren was aware of…
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 Ethena Labs plans to make its nearly $1.5 billion USDtb stablecoin available in the U.S. The firm is partnering with Anchorage Digital to issue USDtb stateside in the “near future.” Both crypto-native firms and traditional financial institutions are aiming to enter the stablecoin market following the passing earlier this month of stablecoin legislation…
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…
