Everything web3, crypto, defi, degen
In brief Top U.S. companies like Coinbase and PayPal have recently doubled down on offering customers 3% to 5% rewards on stablecoin desposits. The GENIUS Act, passed last month, prohibits stablecoin issuers from offering yield to holders. But Coinbase no longer issues USDC, and PayPal lets a third-party company issue its native PayPal stablecoin, permitting…
In brief DeFi Development Corp. bought another 110,000 SOL for around $18 million. The firm now holds more than 1.23 million SOL, all acquired since starting its treasury strategy in April. Shares jumped 10% on Monday, extending its year-to-date gains to more than 2,100%. Publicly traded real estate software firm DeFi Development Corp. bolstered its…
In brief CoinShares has filed for a Solana Staking ETF on Nasdaq, joining BlackRock, Fidelity, and others in adding staking features to their crypto ETF offerings. The Rex-Osprey Solana + Staking ETF already launched with $137 million AUM, showing early demand despite Solana funds representing only 8.7% of Ethereum ETF assets. Staking ETFs offer 7-8%…
Weekly Update – DeFiChain Labs Update, Ecosystem Update, And More! Aug 1, 2025 Hi DeFiChain Community,Welcome to your weekly round-up of the DeFiChain ecosystem! It’s been another bustling week with plenty of developments. Let’s dive in and explore what’s new and exciting.DeFiChain Labs Infrastructure Mandate is Ending in Q3 – Here’s our Transition PlanAfter years…
In brief Michael Saylor is marketing Strategy’s Bitcoin-backed preferred stock STRC to retirees, offering 9.5% yields versus 0.1-4% from traditional savings accounts. Strategy reported $10 billion quarterly profits as Bitcoin surged from $77,000 to $111,000, with the company now holding 628,800 Bitcoin worth $74 billion. The preferred securities are backed by collateral covering 120 years…
In brief Pseudonymous “SharpLink Whale” currently holds $3 million worth of ETH treasury company but no actual Ethereum. The trader told Decrypt he is willing to pay a premium on the asset for the company to custody and yield millions of dollars worth of Ethereum for him. However, he warns against copycat Ethereum treasury firms,…
In brief Newly formed company The Ether Machine has purchased 15,000 Ethereum (ETH) at a cost of $56.9 million, bringing its ETH holdings to $1.28 billion. This makes it one of the largest ETH treasuries, just behind Bitmine Immersion Tech and SharpLink Gaming and ahead of the Ethereum Foundation. Investors are increasingly looking to invest…
In brief GOAT Network launched a Bitcoin Layer 2 testnet with real-time ZK proofs under 3 seconds. The project aims to enable fast withdrawals and native BTC yield without altcoins or custodians. The system uses decentralized provers to eliminate delays and proof backlogs. GOAT Network launched a public beta Thursday for what it claims is…
In brief Etherex, a new decentralized exchange on Linea, aims to fulfill the original promise of Ethereum DEX. The DEX is designed to be completely user-aligned, providing all trading fees and incentives back to locked token holders. It ultimately could attract capital from major ETH holders and institutions by offering “superior yield.” Newly launched crypto…
In brief Beijing and Washington discussed prolonging the 90-day tariff pause, but no agreement was reached. Bitcoin slipped slightly to $118,000 as traders await clarity on macro policy signals. Focus now shifts to Wednesday’s Fed meeting, with markets pricing in a 65% chance of a September rate cut. Bitcoin and the broader crypto market remained…
