Latest news from the Web3 ecosystem
Bitcoin surged past $65,000, mirroring a recovery in US stock markets and signaling a potential end to the recent tech-driven downturn. The key question remains whether $60,000 will hold as support.
Fintech giant Payoneer is pursuing a US bank charter, joining a growing list of digital asset companies and financial technology firms aiming for greater regulatory integration.
Bitcoin Depot, a major crypto ATM operator, is implementing Know Your Customer (KYC) protocols requiring identification for all transactions, responding to increased regulatory scrutiny.
Payment processing behemoth Stripe is reportedly in preliminary discussions regarding a potential acquisition of its rival, PayPal. This comes as PayPal faces significant market pressures and a substantial stock price decline.
The Blockchain Association has put forward a new tax policy proposal for Congress, advocating for exemptions on small-value crypto transactions while suggesting taxation for mining and staking activities.
AI safety leader Anthropic has accused three Chinese companies of conducting a large-scale operation to steal data from its Claude AI model for training purposes. The alleged scheme involved thousands of accounts and millions of API calls.
Ethereum's value has seen a significant decrease, with its exchange-traded funds experiencing outflows for the first time this year. This trend coincides with a broader market correction for ETH.
Bitwise has acquired Chorus One, significantly expanding its institutional-grade staking infrastructure to encompass over 30 blockchain networks. This move enhances Bitwise's capacity to offer staked asset exposure.
Ether's price is experiencing bearish pressure as key on-chain metrics, including network fees and deposits, have fallen to multiyear lows. The outlook remains cautious pending stabilization in derivatives markets.
The European Securities and Markets Authority (ESMA) has issued a warning regarding crypto perpetual derivatives, suggesting they likely fall under existing regulations for Contracts for Difference (CFDs). This guidance impacts how these products can be marketed and offered within the EU.
Cryptocurrency exchange Kraken has introduced perpetual futures contracts for tokenized US stocks and gold, enabling leveraged trading for international clients. These new offerings aim to expand access to traditional asset markets within the crypto ecosystem.
Coinbase is expanding its platform beyond cryptocurrencies, now offering commission-free trading of stocks and ETFs to all US customers. This move integrates traditional securities with digital assets.