Everything web3, crypto, defi, degen
In brief Bitcoin, Ethereum, XRP, and other major cryptocurrencies declined Wednesday morning ahead of the Federal Reserve’s monetary policy decision, with the overall crypto market cap falling 5.4% to $3.9 trillion. The Fed is widely expected to keep interest rates unchanged (97% probability according to traders), though some officials like Christopher Waller support rate cuts,…
In brief Base token launchpad Zora accounted for more tokens created than Solana’s Pump.fun and LetsBonk on Monday. It represents the first time since early 2023 that a chain has played host to more token launches than Solana, according to Coinbase director Conor Grogan. Unlike Pump.fun, Zora turns every single post on its social media…
In brief The SEC acknowledged a proposal to permit staking for BlackRock’s ETHA. The regulator has delayed its decision on similar proposals. Spot Ethereum ETF have generated $9.4 billion in net inflows since their debut. The U.S. Securities and Exchange Commission acknowledged Nasdaq’s proposal on Tuesday to accommodate staking for BlackRock’s spot Ethereum exchange-traded fund,…
In brief Ethereum treasury companies have acquired 1% of all ETH in circulation in just two months, with holdings worth nearly $9 billion approaching 2% of total supply. Standard Chartered’s Geoff Kendrick predicts ETH treasury holdings could grow 10-fold to eventually own 10% of all ETH, potentially pushing prices above $4,000. Leading treasury companies include…
In brief Ethereum layer-2 network Linea aims to be the future home to the world’s Ethereum capital. The network unveiled some token details and mechanisms designed to support ETH and LINEA. Ethereum-aligned companies like SharpLink Gaming, ENS Labs, and Eigen Labs will collectively steward 75% of the LINEA token distribution as part of the Linea…
In brief XRP price is down more than 12% on the week. Dogecoin is down even worse, over 18% in the last seven days. Technical indicators show differing paths. Here’s why. If you bought into the XRP or Dogecoin hype recently, you might be asking yourself what went wrong. You’re also probably a lot less…
In brief Pump.fun accounted for 19% of tokens deployed through Solana-based launchpads on Saturday. The project’s native token fell to a fresh low on Monday. Meme coin traders have been gravitating toward LetsBonk, which debuted in April Traders on Solana are backing away from Pump.fun following its massive ICO, gravitating toward other meme coin launchpads…
In brief Billionaire asset manager Ray Dalio has argued that investors should allocate at least 15% of their portfolios to gold and Bitcoin, as a hedge against macroeconomic risks. Dalio argued that rising government debts have not been priced into global markets. The Bridgewater Associates founder added that he is “strongly preferring” gold over Bitcoin,…
In brief The company has been looking to expand its crypto services. Merchants will be able to accept Bitcoin, Ethereum and other cryptocurrencies. Pay with Crypto will support transactions for a number of wallets, including Coinbase and MetaMask. PayPal will allow smaller businesses in the U.S. to accept 100 cryptocurrencies on its platform, including Bitcoin,…
In brief Bitcoin and Ethereum ETFs hit a record $11.2 billion in monthly inflows in July, with Ethereum ETFs pulling in $1.6 billion last week alone. Ethereum ETFs have already surpassed their entire 2024 performance with $7.8 billion in inflows this year, with ETH’s smaller market cap making it easier to move. Solana and XRP…
