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Meta Metaverse Unit Has Lost $5.7B This Year
Meta CEO Mark Zuckerberg said its metaverse ambitions represent a “very expensive undertaking,” but sees trillions in unlocked value The po...

Big Bets on Web3, DeFi Continue Despite Crypto Concerns
10T holdings believe there exists an opportunity play in the current downturn with some crypto firms valued much less than in months prior...

Web3 Watch: What are Semi-Fungible Tokens and Why is Coinbase Making a Movie?
Coinbase launches short film amid US SEC allegations and falling stock price The post Web3 Watch: What are Semi-Fungible Tokens and Why is...

Australia Gets First Unlisted Crypto Fund Safeguarded by Gemini
According to the fund manager it is the first instance Australia has witnessed its first unlisted retail bitcoin, ether and filecoin funds....

‘Crypto Doesn’t Care About Fundamentals.’ Is That Sustainable?
A tiny fraction of cryptocurrencies from the last bull market reached all-time highs this cycle. So, what are they really worth? And why? T...

Hacked Stablecoin Beanstalk Raises $9M for Market Protocol
The Root Labs raise precedes Beanstalk’s “Replanting” relaunch strategy The post Hacked Stablecoin Beanstalk Raises $9M for Market Protocol...

CME Notches Record Crypto Derivative Trades in Q2
The derivatives exchange reports a record average daily open interest across crypto products, despite a volatile market The post CME Notch...

Fed Raises Rates 75 Basis Points, Again
Overall economic activity appears to have slowed a bit, Fed officials wrote in their statement released Wednesday, but employment remains h...

El Salvador Buying Back Debt Following Bitcoin Losses
President Nayib Bukele insists the country can pay its debt despite losing more than 50% on its bitcoin investments The post El Salvador Bu...

After Failed First Attempt, Lido Relaunches Proposal for Diversified Treasury
The latest proposal follows a community vote squashing Dragonfly Capital’s bid to buy 10 million LDO tokens, or 2% of its total supply The...

DeFi Lender Moves To Tokenize Real-world Loans On-chain
Blockworks exclusive: The new partnership ought to offer business borrowers the chance to grow their operations via new lines of credit The...

Ark Invest Sells Off 1.4 Million Shares of Coinbase During Stock Plunge
Ark Invest, which once labeled Coinbase as an attractive long-term play, sold the exchange's shares from three of its ETFs The post Ark Inv...

The Future of CBDC and Stablecoin Coexistence
The coexistence of CBDCs and stablecoins look increasingly likely as central bankers indicate a preference toward a wholesale CBDC. The pos...

Gods Unchained Developer Slashes Staff Despite Hiring Spree Hype
Immutable, the startup behind popular blockchain trading card game Gods Unchained, has reportedly cut 20 employees The post Gods Unchained...

Unstoppable Domains Reaches Unicorn Status After Latest Raise
A $65 million Series A led by Pantera Capital lifted Unstoppable Domains valuation The post Unstoppable Domains Reaches Unicorn Status Afte...

Valkyrie CEO: Firm, Industry to Emerge Stronger After Crypto Winter
CEO Leah Wald says crypto winter will help cleanse industry, allow crypto firms to differentiate from competitors The post Valkyrie CEO: Fi...

Bankrupt Crypto Lender Celsius Seeks Help From Former CFO
Celsius has requested banking industry veteran Rod Bolger, who resigned on June 30, to come back as an advisor The post Bankrupt Crypto Len...

Kraken Investigated for Allegedly Servicing Crypto Traders in Iran: Report
San Francisco-based cryptocurrency exchange Kraken has reportedly been subject to a Treasury Department investigation since 2019 The post K...

Do Kwon Dogged by Fraud Allegations in South Korea
Korean prosecutors have requested a “notification upon arrival” for Do Kwon, who is believed to be in Singapore The post Do Kwon Dogged by...

Crypto Custodian Komainu Follows Exchanges to Dubai
Komainu joins crypto exchanges FTX, Binance, Crypto.com and OKX in Dubai’s new blockchain industry hub The post Crypto Custodian Komainu Fo...

New Hedge Fund First to Take Investor Checks via Token Options
Blockworks exclusive: A crypto-focused investment firm veteran is prepping the launch of a new hedge fund firm The post New Hedge Fund Firs...

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