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Crypto-focused media outlet and podcast network covering blockchain markets, DeFi protocols, and digital-asset industry news and analysis.
Starknet's builders are weighing a standalone L1 aimed at a quantum-resistant network in 2027, Bankless reported. StarkWare's June 30 roadmap had no L1 option, and its third phase depends on Ethereum.
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X users say tampered Ledger wallets also came from MediaMarkt in Germany and LazMall in the Philippines, beyond the CryptoBilis batch Ledger confirmed. Karpelès has examined pictures of the LazMall unit; the MediaMarkt claim rests on one account.
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Papertrade, a 1,000x exchange on Hyperliquid, held about $11 billion of open interest on $54 million of backing, news.bitcoin.com reported. Its rules give an unpaid winner the margin back and queue the profit, so any shortfall falls on traders who called the market right.
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Papertrade opens trading on Oct. 10 with up to 1000x leverage on BTC and ETH, taking the other side of every trade from a USDC pool that starts at $0. Because the pool is funded only by losses, the first traders to win may have to wait for their money.
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Bitwise's NRR, the first U.S. spot NEAR ETF, gathered about $58 million in its first three sessions, according to a Bankless tally of daily flows. Inflows shrank each day, so the coming weeks will test whether Bitwise's AI pitch for NEAR finds buyers after the launch.
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Derive will move its options exchange onto Ethereum on October 6 pending a vote, carrying about $2 billion of an estimated $40 billion in open interest. The V3 rebuild bets that outside apps will plug into its engine and carry Derive's growth against Deribit.
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Kalshi lost its Tennessee injunction at the Sixth Circuit, putting states ahead 2-1 in appeals courts over its sports contracts. New York's suit against Polymarket prices a loss at the alleged gains plus a penalty three times as large.
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DefiLlama's tracker puts Variational's still-private Omni app third for daily perps volume, and every one of those trades is priced by the protocol's own liquidity provider, which keeps about a fifth of the spread it captures.
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Hyperliquid's first L2 arrives with a 400x gas spike as its evidence and a 15-month low in spot share as its market. The awkward part is Kinetiq's own contraction.
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The self-custodial neobank added investing and borrowing in one release, with liquidation rules designed so users do not blow up. Retention is the wager.
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