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Insights into the day’s biggest news.

Can Move-to-Earn NFT Game Stepn Avoid the Pitfalls of Axie Infinity?

SAND Gains Almost 20% in Wake of Tech Giants' Metaverse Announcement
The Sandbox's SAND token, just days after tech companies including Meta and Microsoft announced the formation of something called the Metaverse Standards Forum, is up almost 20%. SAND, over th...
NewsMarkets
2 min read
Justin DoomJun 25, 2022
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This Week in Coins: Bitcoin and Ethereum Lead Sizable Recovery Among Top Cryptocurrencies
This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto markets have recovered a bit, following last week’s brutal crash that shaved off more than 30% of the value from leadin...
NewsCoins
4 min read
Tim HakkiJun 25, 2022
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Yuga Labs Lawsuit Accuses Ryder Ripps of 'Scamming Consumers' With Fake Bored Apes
Yuga Labs, the company behind Bored Ape Yacht Club, has filed a lawsuit against Ryder Ripps, claiming the online provocateur has been "scamming" buyers with falsely equivalent NFTs in a "delib...
NewsNFTs
2 min read
Justin DoomJun 25, 2022
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Peter Thiel-Backed Bitcoin Trading Platform Bitpanda Cuts Staff
As crypto winter sets in, Web3 companies are finding themselves in the difficult position of cutting staff. During a company call earlier today, Vienna, Austria-based Bitpanda announced that i...
NewsBusiness
3 min read
Jason NelsonJun 25, 2022
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Why Solana Is Going Big on Mobile—And Making a Smartphone
Solana’s teasers leading up to yesterday’s “SMS” event suggested something to do with mobile, but few could have imagined the twist that was announced in New York City. Yes, Solana Labs has bu...
NewsTechnology
5 min read
Andrew HaywardJun 24, 2022
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What are Soulbound Tokens? Building Blocks for a Web3 Decentralized Society

Proposed by Ethereum creator Vitalik Buterin, Soulbound Tokens are non-transferable, non-financialized tokens for a Decentralized Society.

What Is Stepn? The ‘Move-to-Earn’ NFT App That Pays You Crypto to Exercise

Stepn lets users earn crypto for exercising—giving them real returns for walking, jogging or running. But gameplay is complicated.

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Deep dives into Web 3.0

Bill Murray's NFT project turns his stories into an access pass with perks. Image: The Chive

Why Bill Murray Is Making Ethereum NFTs About His Life

Murray’s son Jackson tells Decrypt about the actor’s new NFT project, which bundles infamous stories with in-person events and other perks.

European Commission building, Brussels. Image: Shutterstock

European Commission Advisor: ‘We’re Currently Not on Track to Regulate DeFi’

At Brussels Blockchain Week, crypto enthusiasts met in the shadow of impending regulation—but the regulators themselves were few and far between.

Stablecoins such as Tether and USDC are pegged to the U.S. dollar. Image: Shutterstock

As Tether Faces Billions in Redemptions, Circle's USDC Is Gaining Ground

Tether's market cap has dropped by 19% since the start of May, while USDC's has climbed by 5%.

How DeviantArt Aims to Clean Up the World of NFTs

The user-generated art website is launching a web-wide protocol designed to head off NFT piracy.

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