Everything web3, crypto, defi, degen
In brief The conditions were outlined in a letter published Tuesday by Sen. Ruben Gallego, the top Democrat on the Senate Banking Committee’s Subcommittee on Digital Assets. The letter underscored the willingness of the group to pass crypto legislation so long as it was meaningfully bipartisan. The letter also requests numerous additions to the Senate…
In brief Multiliquid CEO Will Beeson has argued yield is important for stablecoins to scale in a competitive market. The GENIUS Act banned issuers from paying interest but leaves openings for third-party arrangements. Banks have warned loopholes could drive trillions in deposits out of the U.S. banking system. The clash between Wall Street and the…
In brief Sharplink (SBET) shares fell 11% after announcing plans to stake ETH on Linea, now trading at $15.73. 82.5% of prediction market users on Myriad doubt the company will reach its 1 million ETH target by September 16. Analysts say aggressive share issuances to fund ETH purchases are diluting existing investors and making the…
In brief Strategy has purchased 1,955 BTC for $217.4 million at $111,196 per coin, following Friday’s S&P 500 rejection. The company now holds 638,460 BTC worth $71.5 billion, achieving “BTC Yield of 25.8% YTD 2025” for shareholders. Japan’s Metaplanet also bought 136 BTC for $15.2 million Monday, continuing the global corporate buying trend. Michael Saylor’s…
Nemo Protocol, a DeFi platform built on the Sui blockchain, was hacked for $2.4 million late on Sunday, according to blockchain security firm PeckShield.The attack preceded scheduled maintenance on the platform planned for Monday and Tuesday.In a tweet, Nemo protocol stated that a “security incident” had affected its market pool. “We are investigating the matter…
In brief Metaplanet has bought another 136 BTC for $15.2 million, bringing total holdings to 20,136 BTC. The firm achieved “BTC Yield of 487% YTD 2025” with an average purchase price of $103,196. The company is 20% toward its revised 2026 goal of 100,000 BTC, up from its original target of 21,000. Metaplanet Inc. announced…
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 The LINEA token will begin its airdrop process on September 10. More than 9 billion tokens will be available to early users when the claim opens. An additional 75% of the total supply will ultimately be distributed to ecosystem participants. Ethereum layer-2 network Linea aims to use its upcoming LINEA token as an…
In brief SharpLink Gaming plans to stake part of its $3.6 billion ETH holdings on Linea network for higher yields, moving beyond traditional custodians Anchorage and Coinbase. SEC and CFTC leaders announced they’re considering 24/7 trading markets to align with crypto’s always-on nature, marking another potential Trump administration change to financial markets. Bitcoin miners hit…
In brief SharpLink Gaming will explore staking part of its Ethereum holdings to the Linea network once it hits mainnet, as the firm looks to expand its yield-bearing opportunities. Joseph Chalom, co-CEO of SharpLink, told Decrypt that the treasury company is currently staking almost the entirety of its holdings through its custodians, but this is…
