Everything web3, crypto, defi, degen
In brief Ripple has agreed to acquire Rail for $200 million. The Canadian stablecoin platform has key compliance features. The companies will promote RLUSD and XRP’s use in payments. Ripple has entered into a $200 million agreement to purchase Rail, a Toronto-based payments platform, the tech firm said in a press release on Thursday.The acquisition…
In brief Crypto markets are rebounding, with major altcoins Ethereum, XRP, and Solana all seeing notable gains. It comes as Bloomberg reports that President Trump is set to sign an executive order that will allow crypto to be held in 401(k)s. Approximately $8.7 trillion are held in 401(k)s and could potentially flow into crypto if…
GM!Today’s top news: Crypto majors soar on 401(k) and BOE rate cut news; ETH & SOL lead Trump to sign Executive Order today allowing crypto in 401(k)s Tom Lee calls for $16,000 ETH + 5-10% crypto portfolio allocation Roman Storm found guilty on 1 count in split jury, retrial likely to come Art Blocks introduced…
In brief In a fireside chat, NEAR Protocol founder Illia Polosukhin and Infinex founder Kain Warwick argued that greater levels of interoperability are crucial for fueling crypto adoption. In June Infinex successfully integrated NEAR Intents and Chain Signatures, facilitating swapping and bridging of non-smart contract cryptocurrencies across multiple blockchain networks. Polosukhin said that NEAR Protocol…
In brief Bitcoin is up around 1.3% in the last 24 hours, reclaiming $115,000 while Ethereum has jumped 2.8% and is above $3,600. ETH ETFs regained inflows on Tuesday despite Bitcoin ETFs posting another day of outflows. Analysts seem unfazed by the market movement, noting that dips are expected in bull markets. Crypto markets rebounded…
In brief Crypto is marching back towards $4 trillion, with Bitcoin and Ethereum leading the way. But modest 2-3% gains don’t get degens excited. For that, there’s Pump.fun’s PUMP. PUMP is up over 30% on the week. Why? Let’s take a look at the charts. The crypto market continues its climb back upwards: Bitcoin and…
In brief Ripple does not control XRP Ledger, the digital payments company’s CTO David Schwartz said. Censoring transactions would open Ripple up to “pressure” he said. Ripple runs “something like 1%” of XRP Ledger, Schwartz added. XRP Ledger’s codebase does not possess some secret back door that would allow Ripple to single-handedly control the network,…
In brief The SEC has formally exempted major Ethereum and Solana staking protocols from securities laws. It’s likely the final clarification needed to give staking ETFs the green light. The precedent is also now set for staking across broader decentralized protocols. GM!Today’s top news: Crypto majors dip after Monday’s rally; BTC at $114,300 SEC gives…
In brief Ledger’s CIP-8 support limits ADA users from signing Glacier Drop’s 251-byte payload. A temporary workaround using metadata in null transactions is being deployed for ADA users. Midnight Foundation assured participants that affected users won’t lose access or placement in the airdrop. A software limitation in Ledger hardware wallets is preventing some Cardano users…
In brief SharpLink Gaming has bought even more Ethereum, adding $264.5 million in digital coins to its treasury. The Nasdaq-listed firm has pivoted its focus to accumulating ETH. Ethereum was trading above $3,630, down a few fractions of a percentage point over the past 24 hours. Ethereum treasury SharpLink Gaming bought $264.5 million in Ethereum…
