Everything web3, crypto, defi, degen
In brief Raivo “Rastaland” Plavnieks started livestreaming on Pump.fun to fund treatment for his rare form of cancer. On Sunday, a viewer suggested he should download a Steam game—but it hosted malware that was used to swipe Solana from his wallet. The crypto and online security community rallied behind the streamer to pump his token,…
In brief Crypto exchange TradeOgre stopped working months ago. Canadian police said they shut down the exchange and seized $56 million CAD ($40.5 million USD) in crypto from the platform. The Royal Canadian Mounted Police said it was the country’s biggest crypto seizure. Canadian police have confiscated $56 million CAD ($40.5 million USD) in digital…
In brief LayerZero extended PYUSD’s presence to nine additional blockchains. PYUSD0 tokens represent a bridged version of PayPal’s stablecoin. The stablecoin had a market capitalization of $1.3 billion on Thursday. PayPal’s PYUSD stablecoin expanded to nine new blockchains on Thursday after LayerZero, an interoperability protocol, unveiled additional support for the token in a blog post.The…
In brief Bitcoin dominance dropped to 57.79% as traders rotate into altcoins like XRP, BNB, and Solana ahead of expected SEC ETF approvals. Despite the decline, analysts forecast Bitcoin could reach $140K-$145K by year-end, with institutions continuing to pour over $2 billion into ETFs this week. Major altcoins are outperforming Bitcoin short-term, with Solana up…
In brief Digital asset custodian BDACS has launched KRW1, South Korea’s first fully regulated won-backed stablecoin, through a partnership with Woori Bank. Each token maintains full collateralization with Korean won held in Woori Bank escrow, according to BDACS. The launch comes amid competing parliamentary bills that debate interest payments and capital requirements for stablecoin issuers.…
We’re excited to launch something new — and if you’ve ever wanted to take a position on what’s going to happen next in crypto markets, this could be for you. Today we’re launching Kraken Perps (short for Kraken Perpetuals), available in select regions to eligible clients worldwide. These offer a simple, flexible way to trade…
In brief Hayes has accumulated about $995,000 worth of ENA in the past two days, according to Arkham Intelligence. Ethena, backed by BlackRock, has pledged to route 95% of USDH revenue to Hyperliquid and cover migration costs. Native Markets leads the race with 90% odds, while Paxos revised its proposal and secured a Kraken listing…
CRYPTO ALL GREEN, PPI TODAY, PUMP & IP LEAD ALTSCrypto mixed ahead of PPI, SOL outperforms. ETH ETFs get inflows after 6-day outflow streak. Metaplanet upsizes discounted $1.4b raise. KindlyMD commits $30m in Metaplanet equity raise. Sharplink buys back 1m shares. Ethena joins race for HYPE stablecoin. Native Markets favourite to win HYPE stablecoin race.…
In brief Validators will decide the USDH ticker in an on-chain vote scheduled for September 14. Hyperliquid claims the ticker carries no special privileges, while analysts see it as a push to reduce reliance on USDC. Analyst estimates suggest USDH could divert $5.5 billion from USDC and generate $220 million annually for HYPE holders. Hyperliquid,…
In brief SOL Strategies received approval to list its common shares on the Nasdaq Exchange. The firm intends to trade under ticker STKE starting on September 9. Shares of the firm were up nearly 20% on the Canadian Stock Exchange on Friday. Publicly traded Solana treasury and infrastructure company SOL Strategies received approval to list…
