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A daily news site covering all things crypto and the decentralized web.
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Justin Sun’s $12 Million GameStop, AMC Portfolio Is Down 70%
https://decrypt.co/56446/justin-suns-12-million-gamestop-amc-portfolio-is-down-70

On Monday, Tron founder Justin Sun threw $12 million into GameStop and other stocks pushed by WallStreetBets. But it all went south.
Latest Ethereum Craze Hashmasks Sells 16,000 NFTs for $9 Million
https://decrypt.co/56450/latest-ethereum-craze-hashmasks-sells-16000-nfts-for-9-million

Over the weekend, 70 artists sold a big stash of artwork for millions of dollars, creating the latest viral sensation in crypto art.
Bitcoin Security Firm Casa Nets $4 Million in Seed Funding
https://decrypt.co/56376/bitcoin-security-firm-casa-nets-4-million-in-seed-funding

The self-custody-centric team behind Casa Wallet and Casa Covenant secures funding to grow its team and enhance its products.
Visa Picks First Boulevard as Partner for New Crypto API Program
https://decrypt.co/56453/visa-picks-first-boulevard-as-partner-for-new-crypto-api-program

First Boulevard is a neobank focused on financial empowerment in the Black community, and their clients can soon buy Bitcoin.
MicroStrategy CEO Michael Saylor Explains Why He Chose Bitcoin Over Gold
https://decrypt.co/56458/microstrategy-ceo-michael-saylor-explains-why-he-chose-bitcoin-over-gold

During Binance Blockchain Week, MicroStrategy CEO Michael Saylor said that gold’s returns didn’t look nearly as compelling as Bitcoin.
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The Bitcoin Supply Is Surprisingly Well Distributed
https://decrypt.co/56463/the-bitcoin-supply-is-surprisingly-well-distributed

According to new research, Bitcoin is distributed among its holders more evenly than is has been reported.
OKCoin to Give Away $1 Million in Free Avalanche Cryptocurrency
https://decrypt.co/56384/okcoin-airdrop-avalanche-avax-crypto

OKCoin’s latest airdrop is its second high-profile crypto give away this winter.
US Treasury's Yellen to Meet with SEC, Fed About GameStop: Reports
https://decrypt.co/56490/us-treasury-yellen-sec-fed-gamestop

The new Treasury Secretary will meet with the SEC and other regulators to discuss market volatility following meme stock pumps.
Devs More Interested in DeFi Than ‘Ethereum Killers’ of Old: Report
https://decrypt.co/56488/devs-defi-ethereum-killers-eos-tron

Blockchain developers are devoting less time to once-popular protocols like Tron and EOS in favor of newer multi-chain solutions like Polkadot, says Outlier.
MicroStrategy Intent on 'Avalanche of Companies' Joining Bitcoin Crusade
https://decrypt.co/56498/microstrategy-avalanche-companies-bitcoin-crusade

Bitcoin-crazy CEO Michael Saylor remains extremely bullish on mainstream crypto adoption.
Ethereum, Bitcoin Locked in DeFi Tops $30 Billion as Prices Surge
https://decrypt.co/56472/ethereum-bitcoin-defi-tops-30-billion-prices-surge

DeFi breezes past $30 billion in total locked value on rising Bitcoin and Ethereum prices, even as users have increasingly pulled out those assets in recent months.
USDC Stablecoins on Exchanges Doubled in January to Over $900 Million
https://decrypt.co/56497/usdc-on-exchanges-doubled-in-january-to-over-900-million

Dollar-pegged USDC tokens are rapidly flowing into exchanges, increasing by nearly $500 million last month.
PayPal Says Users Who Buy Crypto More Likely to Return
https://decrypt.co/56508/paypal-says-users-who-buy-crypto-more-likely-to-return

After buying cryptocurrency, PayPal users log in to their account twice as often, says the payments company.
River Financial Launches Mobile App for Boomer Bitcoin Investors
https://decrypt.co/56522/river-financial-mobile-app-boomer-bitcoin

The upstart wants to make Bitcoin easy to buy for over 50s.
Crypto Investment Firm Grayscale Reveals How It Values Ethereum
https://decrypt.co/56521/grayscale-ethereum-investment-guide

The asset manager is now sharing its insights about the role of Ethereum in the broader crypto ecosystem.
Countries Lack Guidance on DeFi Taxes: Library of Congress
https://decrypt.co/56526/countries-lack-guidance-on-defi-taxes-library-of-congress

The US hasn't been clear about how gains from staked tokens are taxed. Most countries' tax policies aren't set up to address it.
Asian DeFi Traders Get In On GameStop Stock Craze
https://decrypt.co/56531/asian-defi-traders-get-in-on-gamestop-stock-craze

...just in time for GameStop stock to tank.
Dogecoin Price Shoots Up on Elon Musk's 'To The Moon' Tweets
https://decrypt.co/56544/dogecoin-price-shoots-up-on-elon-musks-to-the-moon-tweets

Earlier today, Tesla CEO Elon Musk tweeted an image of a rocket soaring past the moon, adding the word DOGE. And it's set Dogecoin rallying again.
Bitcoin and US Markets Continue Boom As All-Time-Highs in Sight
https://decrypt.co/56536/bitcoin-and-us-markets-continue-boom-as-all-time-highs-in-sight

But some investors are increasingly asking themselves, am I in a bubble and should I try to get out?
Bitcoin’s Price Is Initially Targeting $50,000: Bloomberg Analyst
https://decrypt.co/56564/bitcoins-price-is-initially-targeting-50000-bloomberg-analyst

Bloomberg’s Mike McGlone argued that $50,000 is a tangible target for the price of Bitcoin, in his latest crypto outlook report.
Ethereum Transaction Fees Soar as ETH Breaks New Highs
https://decrypt.co/56581/ethereum-transaction-fees-soar-as-eth-breaks-new-highs

Ethereum miners earned $27.75 million in transaction fees alone over the last 24 hours—over four times more than their Bitcoin counterparts.