Everything web3, crypto, defi, degen
In brief Bitcoin’s hash rate surged to 1.12 billion TH/s on September 12, marking a new record high. The surge in hash rate has also adjusted Bitcoin difficulty to an all-time high of 136.04T. Experts suggest this outlook has historically preceded an explosive price surge. After Bitcoin’s recent price surge saw it breach a two-week…
In brief Another Bitcoin whale moved a chuck of their crypto. The whale had not moved their $50 million in BTC for nearly 13 years, blockchain data shows. A number of long-term investors have started moving digital coins after years of dormancy since this year. Another long-term Bitcoin whale awakened on Thursday, moving a chunk…
In brief 21Shares launched a new ETP tied to dYdX’s native token, extending regulated access to one of the largest decentralized derivatives protocols. The product follows 21Shares’ earlier DeFi ETPs including Aave and Uniswap launched in 2022, becoming Europe’s largest crypto ETP issuer with 48 products. DYDX was chosen because it “adds a distinctive dimension”…
In brief Rising demand from ETFs and DATs has scooped up 8.40% of Ethereum‘s market cap, according to digital asset bank Sygnum. Crypto-friendly regulation under Trump’s administration has helped drive massive capital inflow into Ethereum. The successful Pectra upgrade also played a key role in shaping Ethereum’s value proposition, analysts argued. Ethereum’s renewed bullish momentum…
In brief Hayes has accumulated about $995,000 worth of ENA in the past two days, according to Arkham Intelligence. Ethena, backed by BlackRock, has pledged to route 95% of USDH revenue to Hyperliquid and cover migration costs. Native Markets leads the race with 90% odds, while Paxos revised its proposal and secured a Kraken listing…
In brief The SEC pushed back its deadline on staking in the BlackRock iShares Ethereum Trust to October 30, a 45-day delay. The regulator also delayed its decision on Franklin Templeton XRP and Solana funds by 60 days to November 14. In recent weeks, the agency has postponed decisions on rule change requests that would…
In brief Bitcoin up 0.5% to $114,000+ after producer price index fell 0.1% in August. 88% of investors expect 25 basis point Fed rate cut at next week’s FOMC meeting. Tomorrow’s consumer price index could drive additional crypto market volatility. Bitcoin ticked higher after the Bureau of Labor Statistics reported the producer price index dropped…
In brief Bitcoin’s recent lag is tied to the Nasdaq’s mean reversion, according to experts—leaving it at risk of deeper drawdowns. A potential Fed rate cut on September 17 could ease macro uncertainty and help Bitcoin and other risk-on assets regain momentum. Institutional investors are rotating capital into Bitcoin ETFs, possibly in anticipation of a…
In brief Minister Jayant Chaudhary’s crypto investments grew 19% to $25,500 (₹21.31 lakh), marking the second year a Union minister disclosed digital asset holdings amid policy uncertainty. Mudrex’s survey of over 9,000 Indians revealed that 93% support crypto regulation, while 84% call the current 30% tax rate unfair compared to 12.5% equity taxation. The RBI’s…
In brief The conditions were outlined in a letter published Tuesday by Sen. Ruben Gallego, the top Democrat on the Senate Banking Committee’s Subcommittee on Digital Assets. The letter underscored the willingness of the group to pass crypto legislation so long as it was meaningfully bipartisan. The letter also requests numerous additions to the Senate…
