Everything web3, crypto, defi, degen
In brief The Federal Reserve has left the interest rate unchanged at its last five meetings. In a speech at an annual gathering in Jackson Hole, Wyoming, Powell said that conditions had changed. The Fed meets again in September. The price of Bitcoin and other cryptocurrencies rose on Friday after Federal Reserve Chairman Jerome Powell…
In brief Bitcoin ETFs are experiencing a significant sell-off, with over $1.1 billion in outflows over the past five days as investors de-risk ahead of the Jackson Hole symposium. Ethereum ETF flows have bucked the bearish trend, with a strong inflow on August 21. Crypto market remains highly volatile with significant liquidations and key price…
In brief XRP whales have sold approximately $470 million worth of tokens over the past 10 days, contributing to a 20% decline from its $3.65 record high. Despite heavy whale selling, trading volumes remain sustained and retail investors continue accumulating XRP, suggesting market redistribution rather than panic. XRP currently trades at $2.90 with key support…
In brief MetaMask has announced the launch of a native stablecoin, mUSD, issued by Stripe subsidiary Bridge and fully backed by dollar-equivalent assets. The stablecoin will be integrated throughout the MetaMask ecosystem, launching first on Ethereum and Linea, and will later be enabled as a payment option for the Mastercard-powered MetaMask debit card. MetaMask leadership…
In brief Bitcoin and Ethereum dipped briefly before climbing after Fed minutes shed light on why two Fed governors favored an interest rate cut at the July meeting. BTC was trading above $114,250 while ETH was just below to $4,350 following the minutes release. Fed Governors Waller and Bowman dissented, marking the first time two…
In brief Binance will move its USDT yield product onto the Plasma network once mainnet launches, estimated for September. Users will be able to earn 2% APR on their USDT stablecoin holdings, as well as earn a slice of the soon-to-launch XPL token. Codenamed “Taylor Swift,” the partnership’s details were kept under lock and key…
In brief SkyBridge Capital boss Anthony Scaramucci predicted that Bitcoin will be “between $180,000 and $200,000” by the end of 2025. He pointed to supply-and-demand dynamics and institutional interest as major drivers. Scaramucci argued that large institutional investors will mainly opt for Bitcoin ETFs over corporate treasuries. Amid Bitcoin’s roughly 6% pullback this week, former…
In brief SEC Chair Paul Atkins announced a major shift in crypto strategy, stating the regulator will no longer pursue “regulation by enforcement” against crypto projects, and wants to “embrace innovation.” Atkins launched “Project Crypto,” an initiative to attract crypto businesses to the U.S. by offering tailored disclosures, exemptions, and safe harbors for various crypto…
In brief Stablecoin supply climbed to $160 billion, with $32 billion on exchanges and daily inflows topping $1.2 billion, creating the largest pool of deployable capital in crypto history. Bitcoin, Ethereum, and XRP posted modest 24-hour gains as markets consolidate ahead of a possible September Fed rate cut. While some analysts see the surge in…
In brief Japan’s FSA is expected to approve JPYC’s yen-backed stablecoin, making it the first regulated one in the country. Circle’s USDC entered the Japanese market earlier this year in partnership with local firm SBI. JPYC’s CEO has distanced the stablecoin from cryptocurrency, calling it a fiat-linked digital payment method. Japanese fintech firm JPYC is…
