Everything web3, crypto, defi, degen
In brief Ethereum’s spot outflows hit $359M Monday, the third-largest since October, signaling dip buying. Historical data shows similar outflows preceded price bounces of 7% to 13%. An expert says the signal is bullish but depends on macro conditions and fresh demand. Ethereum is flashing a potentially bullish signal as investors are buying the dips…
In brief Coinbase exceeded Q3 expectations with $1.9 billion in revenue, driven by rebounding trading volumes and profitable services including its Ethereum L2 Base. BlackRock’s Bitcoin ETF IBIT saw major outflows of $290.8 million on Thursday as Bitcoin dropped below $110,000, though its cumulative inflows remain strong at $88 billion. REX Shares launched ULTI, a…
In brief BlackRock’s IBIT saw its largest single-day outflow since early August, shedding $290 million. The drop reflects short-term macro uncertainty and a closed arbitrage window, not a long-term shift, according to analysts. Despite the weekly outflow, October’s total ETF inflows still beat September’s at $3.61 billion. U.S. spot Bitcoin ETFs witnessed a significant wave…
In brief Sam Bankman-Fried’s X account has shared a document in his defense. It claims that the bankrupt crypto exchange was never actually insolvent. FTT would be worth $22 billion today if FTX and Alameda survived, it adds. An account once used by Sam Bankman-Fried, founder and former CEO of bankrupt crypto exchange FTX, posted…
In brief Western Union said on Wednesday that the publicly announced new coin would be called USDPT. The WUUSD trademark application is being reviewed by the U.S. Patent and Trademark Office. The payments giant has said it plans to introduce a “digital asset network.” Western Union has applied to trademark the name “WUUSD” shortly after…
In brief SpaceX made another Bitcoin transfer on Wednesday, per on-chain data from Arkham. Elon Musk’s company has not yet commented on its recent flurry of Bitcoin transfers. The company holds $894 million worth of Bitcoin, making it the fourth-largest among private corporate BTC treasuries. SpaceX, the privately held aerospace company led by tech billionaire…
In brief Dare Market brands itself as the “most unhinged platform on the internet,” as it creates a place for people to be paid to do goofy stunts. However, Dare Market says it won’t allow dangerous content on the site due to its strict moderation policy. The project raised a $2 million pre-seed round led…
In brief Key metrics such as ETF flows, Coinbase Premium, and the CME basis signal a decline in U.S. institutional demand for Ethereum. Experts cite a closed Grayscale arbitrage window and a broader macro risk reassessment as primary causes. The long-term outlook remains bullish, contingent on Ethereum’s utility and real-world asset adoption. Demand for Ethereum…
In brief Kraken’s parent company, Payward, topped the list of spenders from the crypto industry. Payward spent between $323,000 and $430,000 in 2024. The EU’s Markets in Crypto-Assets Regulation went fully into effect on December 30, 2024. Crypto exchanges spent millions lobbying the European Union in 2024, based on publicly available data, with many of…
In brief The U.S. dollar’s recent consolidation and potential breakout could trigger another potential top for Bitcoin. Analysts argue that institutional accumulation has fundamentally changed Bitcoin’s market structure. A 15% to 25% correction in Bitcoin is likely if the dollar index breaks out above 100, according to analysts. A historical pattern linking U.S. dollar breakouts…
