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Web3 collapse accelerates as eight games fail this year
Eight web3 games have either shuttered, paused operations, or pivoted back to web2 this year as major funding dries up.
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Tether challenges USDC Solana hegemony with $127.5M Drift bailout
Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack.
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Solana validator logs 32 delinquencies, foundation still claims ‘100% uptime’
Solana’s “100% uptime” claim is true at the cluster level, but anyone in the Harmonic Major validator went delinquent 32 times in 30...
Crypto hack goes political as Grinex blames ‘Western special services’
Kyrgyzstan-registered crypto exchange Grinex has suspended operations. It had previously been linked to sanctions evasion of up to $6B.
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Rumble begins merging with Northern Data
Tether-related companies Northern Data and Rumble are set to begin their merger, with Rumble offering equity for shares of Northern Data.
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Strategy’s bitcoin bet back in profit after $11B drawdown
It took years of leverage and over $11B in unrealized losses for Michael Saylor’s Strategy to flip green on its BTC bet today.
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Bitcoin dev proposes excommunication for OP_RETURN ‘garbageman’
A senior Bitcoin developer has proposed a counterattack against ‘garbageman’ data storage filters in an escalation of the OP_RETURN war.
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US prosecutors say Tornado Cash witnesses will ‘waste jury time’
Roman Storm’s legal team requested extra time to counter the US government’s arguments and was boosted with $500K from the ETH Foundation.
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Opinion: Coinbase is a ‘mission focused company’
It’s okay for Coinbase to sponsor an authoritarian birthday parade, but it’s not okay for a Coinbase employee to describe it as such.
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Wall Street loves selling crypto treasury stocks
It’s difficult to explain the valuations of many crypto treasury companies trading on stock markets across the globe.
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