Everything web3, crypto, defi, degen
In brief OFAC has sanctioned two Iranians and multiple firms in Hong Kong and the UAE. The designations hit a shadow banking network tied to oil sales and cryptocurrency transactions for the IRGC-QF and MODAFL. The measures follow Israeli moves against 187 crypto wallets linked to the IRGC. The U.S. Treasury Department has imposed sanctions…
In brief President Trump sued the New York Times for $15 billion, claiming its 2024 reporting hurt his meme coin project and other business interests. The lawsuit alleges multiple news articles and a book damaged the project’s value, though the meme coin launched months later in January 2025. Trump’s token hit a $73 billion valuation…
STRATEGY BUYS $357M IN BTC, ETH INFLOWS $1B+ IN 3 DAYS, NEW SOLANA DATSBTC falls to $108k then rebounds. $758m of liquidations as market falls. Biggest BTC deviation from Global M2 in 2 years. ETH ETFs see $1bn+ inflows in 3 days. HYPE leads L1s, buybacks to now be 99% of fees. Strategy buys $357m…
CRYPTO FALLS, HYPE LEADS L1S, NVIDIA RESULTS TODAYBTC falls to $108k then rebounds. $758m of liquidations as market falls. Biggest BTC deviation from Global M2 in 2 years. ETH ETFs see $1bn+ inflows in 3 days. HYPE leads L1s, buybacks to now be 99% of fees. Strategy buys $357m BTC. Pantera seeks $1.25b to set…
In brief Senator Elizabeth Warren has warned that pending cryptocurrency legislation “supercharges President Trump’s corruption.” Warren accused the crypto industry of writing its own regulatory framework while saying current restrictions are “weak” in preventing corruption and protecting consumers. The senator compared current crypto bills to 2000 legislation that contributed to the 2008 financial crisis. Senator…
BTC STABLE, SEC ALLOWS IN-KIND REDEMPTIONS, FED DECISION TODAYBTC broadly stable ahead of Fed decision today. SEC allows ETPs to use in-kind mechanisms. eToro launches tokenised US stocks on ETH. Lummis intros crypto collateral for mortgages bill. Strategy buys $2.4b BTC post equity raise. Twenty One Capital receives 5.8k BTC from Tether. BTCS to raise…
In brief Thailand’s SEC proposes easing knowledge test rules for retail crypto investors, allowing them to skip repeat tests if already passed, replacing the current 3-month retesting requirement. New rules would mandate suitability tests for all digital token investors, reviewed every two years, to ensure alignment between investor risk tolerance and product risk. The proposed…
BTC ATH WEEKLY, AMERICA PARTY LAUNCHES, LETSBONK FLIPS PUMPFUNBTC highest weekly close ever. DOGE leads top 10, BTC dominance falls to 65%. Whale moves $4.35b BTC out of $8.7b holding. Public firms bought 131k BTC in Q2. Metaplanet buys $241m more BTC. BlackRock now holds $4.4b ETH. Fickel moves $204m ETH to Coinbase. Short on…
By Pranesh Anthapur, Kraken Chief People Officer While other companies struggle with return-to-office (RTO) mandates, it’s remote-first business as usual at Kraken. We’re building a borderless financial future in more ways than one. Our vision demands a workforce as free and flexible as the crypto we champion. We empower our employees (Krakenites) to shape their own…
For decades, the Big Mac has defined American culture around the globe. Important to the future of humanity, the Big Mac has also powered a currency fit for the modern era: the MacCoin. Introduced by McDonalds late last year, the MacCoin is a stablecoin fully backed by Big Macs. We are pleased to announce that…
