Everything web3, crypto, defi, degen
In brief A new report from TRM Labs found that Kyrgyzstan appears to be serving as a front for crypto platforms linked to shuttered Russian exchange Garantex. Russia-linked activity accounts for almost all of Kyrgyzstan’s crypto industry, which was “virtually nonexistent” prior to the invasion of Ukraine in 2022. Experts told Decrypt that Kyrgyzstan’s political…
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 UK Chancellor Rachel Reeves is reportedly exploring the sale of the government’s holdings of confiscated Bitcoin, worth $7.2 billion (£5.33 billion). Trade association CryptoUK has urged the government to reconsider, saying that such plans would “run contrary” to efforts to foster growth in the UK’s crypto sector. A growing number of countries around…
SOL LEADS MAJORS, NFTS HEAT-UP, BIG WEEK FOR EARNINGSBTC dominance slides by largest margin in 3 years. SOL hits $100bn, leads majors in catch-up trade. ETH ETF inflows again surpass BTC. 40% of ETH ETF total inflows in the last 8 days. WH to release first crypto report this week. Trump signs GENIUS Act, Crypto…
In brief Pat McFadden, Labour MP and ally of Keir Starmer, said that the UK should consider banning crypto political donations. It came two months after Reform UK announced it would accept crypto donations, the first to do so in the nation. Ian Taylor, board advisor for digital asset advocacy group Crypto UK, said McFadden’s…
In brief A former UK National Crime Agency officer, Paul Chowles, was sentenced to five and a half years for stealing 50 Bitcoin during a 2017 investigation into Silk Road 2.0. The stolen BTC’s value has risen from $77,000 at the time of the theft to over $5.6 million. Chowles used a mixing service, Bitcoin…
The global crypto market capitalization has soared past $4 trillion for the first time, propelled by rising altcoin prices and an increasingly favorable regulatory landscape.On July 18, crypto data aggregator platform CoinGecko reported that the industry crossed the milestone during Asian trading hours. However, the total value had slightly dipped to $3.9 trillion as of…
In brief Ethereum ETFs added more than $726 million in net inflows on Wednesday, the best day in their trading history. The funds have generated inflows for nine consecutive days. The record came as Ethereum’s price hit its highest level since January. Ethereum exchange-traded funds generated more than $726 million in investments on Wednesday, the…
In brief The Nasdaq has filed a 19b-4 rules change request that would allow BlackRock’s iShares Ethereum Trust ETF to add staking. The filing is the latest for Ethereum funds hoping to include staking functionality. Ethereum funds have pulled in $2.3 billion worth of investment over a nine-day streak. BlackRock aims to include staking in…
ETH + DOGE LEAD CRYPTO, PENGU UP BIG, ETH ETF INFLOWS CATCHING BTCETH, DOGE lead crypto majors higher. ETH ETF inflows now 50-90% BTC inflows. BTC inflows to exchanges hit $9.4bn after CPI. House fails to advance crypto bills, next vote today. 11 reps who voted against crypto acts will flip: Trump. DeFi leaders opposed…
