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Web3
Tether to Discontinue USDT Support on Underutilized Blockchains
In a strategic shift, Tether has announced plans to phase out its USDT stablecoin on five blockchains that have seen dwindling usage. The affected networks include Omni Layer, Bitcoin Cash's Simple Ledger Protocol, Kusama, EOS, and Algorand, with redemptions and new token issuances set to cease on September 1, 2025. Any remaining tokens will be frozen on the same day, as stated in an official ann…
July 12, 2025, 3:16 p.m.
Web3
Blockchain Gaming Sector Continues to Experience Significant Decline
The web3 gaming industry experienced a significant downturn in the second quarter of 2025, with a 17% decline in daily unique active wallets and a 93% year-over-year collapse in funding to $73 million, the lowest in two years, according to DappRadar's latest report. This decline marks a broader correction in the blockchain gaming sector, driven by unsustainable tokenomics, low user retention, and…
July 11, 2025, 4:36 a.m.
Web3
Bitcoin Core Developer Jon Atack Detained in El Salvador Following Neighborhood Disagreement
Renowned Bitcoin developer Jon Atack was taken into custody in El Salvador over the weekend due to a dispute with a neighbor, prompting a wave of concern online before his release approximately an hour later. Atack, a key contributor to Bitcoin Core, took to social media platform X to share that his phone and passport were confiscated by the police, effectively cutting him off from the outside wo…
July 7, 2025, 1:58 p.m.
Web3
Lamborghini Unveils Temerario Sports Car in Virtual Reality
Automobili Lamborghini, a renowned luxury car brand, has announced the debut of its latest sports car in a virtual environment. The limited-edition Temerario and its GT3 counterpart will be available as digital collectibles in the open-world metaverse platform Wilder World. This virtual reality world enables users to interact, engage in gaming, and transact, frequently involving digital versions …
July 7, 2025, 1:30 p.m.
Web3
Drake Likens Unreliable Friends to Bitcoin's Price Swings: 'Down Today, Up Tomorrow'
In his latest song, 'What Did I Miss,' Drake touches on themes of betrayal, luxury, and bitcoin, comparing untrustworthy friends to the cryptocurrency's unpredictable price fluctuations, stating that he views them 'like a BTC': 'It could be down this week, but I'll be up the next.' This isn't the first time Drake has mentioned bitcoin. Over the past few years, the Canadian superstar has become a …
July 5, 2025, 4:57 p.m.
Web3
Tencent Eyes Acquisition of Nexon, Creator of MapleStory Web 3 Gaming Franchise
According to Bloomberg, Tencent, a Chinese technology conglomerate, is considering acquiring Nexon, a South Korean game developer known for titles such as Dungeon & Fighter and the ambitious MapleStory franchise, which has significant investments in Web 3 gaming. The firm has allegedly initiated discussions with the family of Nexon's late founder, Kim Jung-ju, who holds a 44.4% stake in the compa…
June 13, 2025, 11:54 a.m.
Web3
Top 50 Women Shaping the Future of Web3 and AI: Our Selection Process
At first glance, combining Web3 and AI might seem like an attempt to capitalize on trendy buzzwords. However, CoinDesk has been tracking the gradual integration of public blockchain data and artificial intelligence for over a decade. Our inaugural list of Top Women in Web3 & AI was created with the help of a panel of esteemed women judges, resulting in a powerful compilation that captures the ess…
June 5, 2025, 4:39 p.m.
Web3
CoinDesk's Top 50 Women in Web3 and AI, Powered by Proof of Talk
The intersection of Web3 and AI has given rise to a new generation of innovators, and CoinDesk has identified the top 50 women leading the charge. From pioneers in AI ethics to trailblazers in decentralized finance, these women are redefining the boundaries of what is possible in the digital landscape. Meet the women who are shaping the future of Web3 and AI, and learn about their groundbreaking …
June 5, 2025, 4:35 p.m.
Web3
Binance and Kraken Foil Social Engineering Attacks Similar to Coinbase Breach
Recently, Binance and Kraken, two of the most prominent cryptocurrency exchanges globally, were subjected to a series of social engineering attacks that bore similarities to the breach that affected Coinbase. According to reports, hackers attempted to bribe customer support representatives and provided them with detailed instructions on how to contact the attackers via Telegram. Fortunately, both…
May 19, 2025, 5:15 a.m.
Web3
GameFi Tokens Experience Resurgence Following Gala Games' Collaboration with the White House
The gaming token sector, which has been relatively dormant since the 2021 cryptocurrency surge, appears to be regaining momentum. Data from SoSoValue indicates that gaming tokens were the worst-performing cryptocurrency basket over the past 12 months, experiencing a 62% decline compared to a 174% increase in PayFi tokens. However, under the Trump administration's crypto-friendly stance, this tren…
April 26, 2025, 5:43 p.m.