Transaction URL: https://etherscan.io/tx/0x3d6bc532919f40d867cd409f82a60acd2ba450304eda2a16e3907e9a1e23eef8
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This is a segment from The Drop newsletter. To read full editions, subscribe.
Coinbase’s Base team launched two tokens Wednesday afternoon — and a lot of people were not impressed.
One of the tokens is dubbed “Base is for everyone.” The second is called “Base @ FarCon 2025.”
The first token quickly spiked 962% in price — from $0.0016 to $0.017. Then, it abruptly crashed, spurring a flurry of allegations that the token was a “scam” or rugpull.
Rabby, a crypto wallet, even labeled the first Base token a scam token on its interface as a warning to traders, Tally CEO Dennison Bertram pointed out.
One trader who claimed to hold 1% of the token’s…
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Recently, Project Eleven (a quantum computing research group) announced a 1 bitcoin reward for the first team able to complete a challenge to demonstrate breaking a ECC (elliptic curve cryptograph) key using Shor’s algorithm on a quantum computer.
The deadline for this challenge is April 5th, 2026, meaning in order to qualify for the prize a team must demonstrate breaking a key pair it must be done before that deadline.
This is frankly a completely absurd and meaningless prize for a number of reasons, the first of which is the deadline of just under a year from today. Even highly optimistic projections about the progress of quantum computing put the timeline of practically…
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This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
In light of all the hype around real-world assets (RWAs) of late, I thought it’d be interesting to look at Ostium.
Ostium is a perps DEX on Arbitrum that lets you trade RWAs onchain. It’s not a new project: The team raised $3.5 million in a round led by General Catalyst and LocalGlobe in October 2023, and went live last year.
What is new, however, is its recently-launched points program, which has propelled TVL up tenfold from $5.5 million to $53.6 million.
Source: DefiLlama
What sets Ostium apart from competitor perps DEXs is its ability to long or short popular market indices…
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This is a segment from the Supply Shock newsletter. To read full editions, subscribe.
We’re coming up on 14 years since Satoshi Nakamoto’s last-known correspondence — an email to early Bitcoin developer Mike Hearn saying that he’d “moved on to other things.”
Remember, the “known” there is doing a lot of work. The existing compendiums of Satoshi’s writings will probably go unfinished forever. There’s likely still loads of private emails, direct messages and other interesting stuff that have never been made public (and with good reason).
The most recent dumps of unreleased Satoshi texts came early last year, when Martti Malmi and Adam Back provided years…
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Public Companies Now Hold Over 688K BTC, Signaling Record Institutional Bitcoin Adoption
Bitcoin adoption by public companies has reached an all-time high, according to a new report from Bitwise. In Q1 2025, publicly traded firms now hold a combined over 688,000 BTC, up 16.11% quarter over quarter, representing 3.28% of Bitcoin’s fixed 21 million supply.
Image via Bitwise
This corporate treasure trove is valued at over $57 billion, based on a Bitcoin price of $82,445, reflecting a 2.15% increase in total value from the previous quarter. The number of public companies with Bitcoin on their balance sheets has also grown to 79, a 17.91% quarterly increase, with 12 new companies joining…
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Bitcoin leads all major assets with the strongest 60-day returns after global disruptions since 2020. It has consistently outperformed equities and gold in volatile times proving its strength as a digital safe haven.
During events like the US-Iran conflict and COVID-19 crash Bitcoin rebounded fast posting gains of 20 percent and 21 percent while the S&P 500 and gold lagged behind. After the 2020 US election Bitcoin surged 131 percent in just two months far ahead of equities and gold.
Following the 2023 banking crisis Bitcoin jumped 32 percent in 60 days signaling strong investor confidence. Even after the Russia-Ukraine war Bitcoin outpaced the S&P 500 despite initial drops. Data shows Bitcoin repeatedly delivers faster and stronger recoveries during uncertain times. With the next 60-day window ending June 1 Bitcoin watchers are optimistic even as equities drop and gold climbs.
Financial Times reports that bitcoin and crypto exchange Binance is advising several countries on creating their own bitcoin and crypto regulations and establishing national strategic bitcoin reserves.
Binance CEO Richard Teng revealed that multiple governments seek the exchange’s guidance on establishing strategic bitcoin reserves and crafting digital asset policies following recent U.S. moves toward creating a national bitcoin stockpile.
“We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves,” Teng said in an interview with the Financial Times. While declining to name specific…
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