Gemini has overtaken Coinbase in the US finance app charts after launching an XRP rewards credit card. The limited-edition card offers up to 4% instant cashback in XRP on purchases. Coinbase still leads in core metrics recording US$4.54B (AU$7.00B) versus Gemini’s US$382.49M (AU$590.23M). Gemini has climbed ahead of Coinbase inContinue Reading
The price of BTC has slumped to its lowest levels since early July driven by profit taking and economic and political uncertainty weakening investor appetite for risk. Fading expectations of a September rate cut plus Trump’s moves to fire Fed Governor Lisa Cook have contributed to weakened market sentiment, whileContinue Reading
Animoca Brands has partnered with Ibex Japan to launch a Web3 entertainment fund aimed at bringing dormant anime and manga intellectual property (IP) onto the blockchain. The fund plans to leverage Ibex’s network to license and finance new Web3 products, revitalising what Ibex Japan partner Sandeep Casi calls the “90%Continue Reading
Pantera Capital is reportedly planning a US$1.25 billion bid to acquire and rebrand a Nasdaq-listed company into “Solana Co.”, a publicly traded vehicle with a balance sheet focused on holding SOL. The investment firm will make the bid in two stages, with the goal of creating the largest corporate SolanaContinue Reading
Australia’s financial crime regulator, AUSTRAC, has ordered Binance’s local subsidiary to appoint an external auditor after identifying “deficiencies” in its anti-money laundering (AML) and counter-terrorism financing framework. The order is a result of AUSTRAC’s findings of persistent governance failures, including rapid staff turnover, a minimal local presence, and poor seniorContinue Reading
Prediction markets are considered ineffective for hedging because they lack interest-bearing features. Polymarket’s July trading volume dropped to US$1.06B (AU$1.63B). Automated traders exploited inefficiencies and earned over US$40M (AU$61.7M) in profits. Ethereum co-founder Vitalik Buterin has said that most prediction markets are not suitable for hedging because they do notContinue Reading
Philippine Congressman Miguel Luis Villafuerte introduced House Bill 421 proposing the country purchase 2,000 Bitcoin annually for five years, totalling 10,000 BTC held for at least 20 years. The legislation includes strict provisions preventing sales except for government debt repayment, with post-holding period sales capped at maximum 10% of assetsContinue Reading
Arthur Hayes predicts Hyperliquid’s HYPE token could surge 126x within three years at Tokyo’s WebX 2025 conference. Hayes expects Hyperliquid’s fees to grow sharply, from US$1.2B (AU$1.85B) to US$258B (AU$397.07B). He links this to stablecoin expansion, forecasting US$10T (AU$15.43T) supply and 26.4% market share. BitMEX co-founder Arthur Hayes delivered anContinue Reading
Crypto analytics firm Bubblemaps has reported that Hayden Davis, the ‘facilitator’ behind LIBRA and MELANIA, sniped the launch of Kanye West’s YZY token, netting a profit of US$12 million. Bubblemaps’ analysis of accounts linked to Davis in the days leading up to the YZY launch suggests he possibly had someContinue Reading
According to analyst Willy Woo, early Bitcoin whales who acquired coins for under US$10 are now offloading their holdings, with each BTC sold requiring over US$110,000 in new capital to be absorbed by the market. A major whale recently liquidated 24,000 BTC (US$2.7 billion) to acquire 416,598 ETH and stakedContinue Reading
