Everything web3, crypto, defi, degen
In brief BitMine Immersion Technologies’ Ethereum token holdings have reached $2.1 billion. The firm, which previously focused on Bitcoin mining, holds more ETH than any other Ethereum treasury firm. The company closed a $250 million initial private placement on July 8. BitMine Immersion Technologies’ Ethereum token holdings have reached $2.1 billion, according to a Thursday…
In brief Myriad has expanded its prediction markets to Ethereum layer-2 network, Linea. Top markets this week include predictions on SharpLink Gaming’s ETH holdings and Solana tokens PENGU, Fartcoin, and PUMP. Predictors think PENGU will eclipse a $2.5 billion market cap by the end of July, and Fartcoin will outpace PUMP into August. What do…
In brief Ben “Funky” Askren promoted a Solana meme coin on his social media on Wednesday, which was “rug pulled” not long after. It appears to have come as part of a paid promotion with Sahil Arora, the celeb coin creator behind Caitlyn Jenner’s infamous venture into crypto. Arora told Decrypt Askren was aware of…
In brief House Majority Whip Tom Emmer (R-MN) believes the Senate will ultimately opt to pass the House’s market structure bill, the CLARITY Act. The Senate is currently in the midst of drafting its own market structure bill, which it plans to deliberate on in September. Emmer says the White House has communicated that it…
In brief HYPE is currently trading for just above $43. That means Hyperliquid needs a 60% surge in price for the token to hit $69.69 before September. Predictors on Myriad place the odds of that happening at 30%. Here’s what the charts have to say. Will Hyperliquid’s native token continue to ride the HYPE and…
In brief Ethena Labs plans to make its nearly $1.5 billion USDtb stablecoin available in the U.S. The firm is partnering with Anchorage Digital to issue USDtb stateside in the “near future.” Both crypto-native firms and traditional financial institutions are aiming to enter the stablecoin market following the passing earlier this month of stablecoin legislation…
In brief A Bitcoin address on Thursday moved $469 million worth of the leading cryptocurrency. The digital fortune had sat virtually unmoved since January 2011, blockchain data shows. Earlier this month, a Bitcoin whale moved $8 billion in coins—shocking market observers. A Bitcoin whale on Thursday moved its $469 million crypto fortune after holding it…
Everyone thinks prediction markets are all about big money and quick trades. But what if the real edge isn’t speed or volume but rather the story behind a prediction?Prediction markets face the same fundamental problem: getting people to care enough to participate. Polymarket addressed this challenge by offering high‑stakes political markets that generated significant volume…
In brief Elon Musk said that the X-owned video app Vine is set to return with an AI twist. Vine Coin, launched by the app’s co-founder earlier this year, spiked in value following the news. There is no confirmation that the relaunch will utilize the Solana meme coin, despite the wishes of investors. X owner…
ALTS HEAD LOWER, GOLDMAN SACHS TO TOKENISE FUNDS, TRUMP VISITS FEDBTC dominance rises, XRP leads major altcoins lower. ETH ETFs see daily inflows for 2 weeks in a row. GS, BNY Mellon to launch tokenised funds. US crypto report coming on July 30. Whales pulled $1.7b ETH from Aave over last week. MARA raises $850m…
