The average Web3 VC pitch looks like ours three years ago. “We have deep relationships across the ecosystem.” “We add value beyond capital.” “Our network is our advantage.” It’s not that any of these statements are lies; it’s that everyone says them, which effectively makes them meaningless. Liquidity providers (LPs) have heard this speech so […]
Web3 VCs have a differentiation problem Read More »
Stablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money around the world, but companies are now asking a different question: What can they actually do with them? This shift is driving a new phase of adoption, according to Chunda McCain, co-founder of Paxos Labs, who says
Three wallets, one refusal and a market capitalization of $5.7 billion gone in 48 hours. RaveDAO’s RAVE crashed 90% in 24 hours as crypto exchanges Binance and Bitget opened investigations into the trading activity that catapulted the token to a $6 billion market cap last week. Bitget CEO Gracy Chen confirmed the investigation into Gate.io
RaveDAO’s RAVE Token Crashes 90% in One Day as Exchange Investigations Widen Read More »
Aave just saw $6.6 billion go out the door, and it’s not because someone hacked Aave. The protocol’s total value blocked increased from $26.4 billion on April 18 to nearly $20 billion as of Sunday morning in the United States, according to DefiLlama. The AAVE token fell 16% to $92 and daily fees soared to
Aave Records $6B Drop in TVL as Kelp Hack Exposes Structural Risk at DeFi Lender Read More »
France is facing a rise in crypto-related kidnappings, as so-called “key attacks” become more frequent, brazen and violent. This change was visible this week during the organization of an annual international conference on blockchain and cryptography. A procession of police escorted VIP guests to a dinner at the Palace of Versailles. And security was also
France is facing a growing wave of violent crimes against the crypto community. Read More »
Institutional investors are turning to digital assets, with improving sentiment and broader use cases emerging as key drivers of adoption, according to a new survey from Tokyo-based bank Nomura and its crypto unit Laser Digital. The study, based on responses from more than 500 investment professionals in Japan, found that 31% of respondents now have
For years, NEO’s treasury was held in a configuration unusual for most financial institutions: hundreds of millions of dollars of crypto assets were controlled through personal wallets, without multisig protections and with little formal oversight. That person, according to co-founder Da Hongfei, is Erik Zhang, NEO’s other co-founder and the architect of its core protocol.
The largest U.S. aluminum producer Alcoa is set to sell its Massena East smelter in upstate New York to bitcoin firm New York Digital Investment Group (NYDIG) as it offloads dormant assets and taps demand for energy-ready industrial sites. Company CEO Bill Oplinger said the company is in advanced talks and expects the deal to
Alcoa will benefit from the thirst for energy of cryptocurrencies Read More »
A cross-chain bridge containing nearly a fifth of the circulating supply of a reinvested ether token has just been exhausted, and the fallout is spreading across DeFi faster than Kelp DAO can suspend contracts. An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 5:35 p.m. UTC on Saturday, worth approximately $292
Kelp DAO mined for $292 million with wrapped ether locked on 20 chains Read More »
Strategy (MSTR), the leading Bitcoin treasury company, has proposed moving the dividend payment schedule on its perpetual preferred stock, Stretch (STRC), from monthly to bimonthly. The amendment, outlined in Strategy’s investor presentation, would keep the annualized dividend rate at 11.5% and total annual obligations unchanged (currently $1.2 billion). Holders would receive payments approximately every two
Why Michael Saylor’s strategy decided to make the STRC dividend bi-monthly Read More »
