Everything web3, crypto, defi, degen
In brief Strategy has closed a $2.5 billion offering of STRC, its new perpetual preferred stock. Funds were used to buy 21,021 BTC at an average price of $117,256. Strategy now holds around 629,000 BTC worth roughly $73 billion. Michael Saylor’s Strategy has yet again pulled off the largest crypto-linked equity raise this year, closing…
In brief Biotech firm 180 Life Sciences is rebranding to ETHZilla and starting an Ethereum treasury. The firm is raising $425 million via a PIPE offering, and using proceeds to buy ETH. Shares are down more than 99% all-time, but finished the day up more than 10%. Publicly traded biotech company 180 Life Sciences is…
CRYPTOPUNKS SEE $8.2M IN TRADING VOLUME, CRYPTO MAJORS IN THE RED, PAYPAL ANNOUNCE “PAY WITH CRYPTO”Allocate up to 15% of portfolio to BTC & Gold: Dalio. Paypal launches multi-crypto payments. Metamask launches stablecoin yield, SOL staking. Interactive Brokers weighs stablecoin. Strategy upsizes capital raise to $2.8b. Marathon Digital raises $950m debt to buy BTC. BitMine…
PAYPAL EMBRACES CRYPTO, ALTCOIN TREASURIES BEGIN, STOCKS HIT ATH AGAINAllocate up to 15% of portfolio to BTC & Gold: Dalio. Paypal launches multi-crypto payments. Metamask launches stablecoin yield, SOL staking. Interactive Brokers weighs stablecoin. Strategy upsizes capital raise to $2.8b. Marathon Digital raises $950m debt to buy BTC. BitMine plans $1bn stock buyback. ETH ‘$6k…
In brief Ethereum layer-2 network Linea aims to be the future home to the world’s Ethereum capital. The network unveiled some token details and mechanisms designed to support ETH and LINEA. Ethereum-aligned companies like SharpLink Gaming, ENS Labs, and Eigen Labs will collectively steward 75% of the LINEA token distribution as part of the Linea…
In brief South Korea’s ruling and opposition parties introduced competing stablecoin bills, diverging on whether to ban interest payments. Both proposals grant emergency powers to financial regulators and require full reserve backing for won-pegged tokens. The legislative split comes as President Lee Jae-myung advances a crypto-friendly agenda amid global moves to regulate stablecoins. South Korea’s…
In brief Ethereum topped $3,900, its first time above that level since December, before retreating. Bernstein analysts said that Ethereum treasuries would have to weigh liquidity risks. The ETH treasuries have followed a general model pioneered by Bitcoin pioneers like Strategy. Ethereum treasuries are treating the asset differently than their Bitcoin-focused counterparts, generating staking rewards…
Software firm turned Bitcoin treasury company Strategy has been buying Bitcoin for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets.What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by greater…
In brief Former Sky Mavis and Voodoo executive Quinn Campbell has joined Yield Guild Games as its as its third-party publishing advisor. Campbell is helping YGG Play test which game formats can scale under a single monetization model. YGG is targeting a crypto-native audience it calls Casual Degens: players drawn to fast, rewarding loops. Most…
In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee on Blockchain urged the Commission issuing WYST to “resist pressure to act as a political or financial gatekeeper.” The GENIUS Act’s passage could increase crypto…
