Everything web3, crypto, defi, degen
In brief Shares in digital advertising firm QMMM Holdings jumped nearly 1,750% after announcing a digital assets treasury plan. The firm anticipates starting with $100 million fund focused on Bitcoin, Ethereum, and Solana. It will also seek out investments with Web3 infrastructure projects and “high-quality cryptocurrency assets.” Shares in digital advertising firm QMMM Holdings (QMMM)…
Prediction market PredictIt, which started out as an academic platform focused on political forecasts, is preparing to launch a new exchange after getting the nod from the Commodities Futures Trading Commission.PredictIt, operated by the D.C.-based Aristole, said last week that the CFTC approved its applications to operate as both a designated contract market, or DCM,…
In brief Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers. If approved by regulators, the products will be available in November. Currently, U.S.-based traders have access to futures that expire. Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers in November, pending regulatory approval,…
In brief SharpLink Gaming began buying back shares of SBET as part of its $1.5 billion share buyback program. The firm repurchased 930,000 shares at an average price of $15.98 for around $15 million worth of SBET shares. SBET shares jumped 4.4%, but have fallen more than 31% on the month. Ethereum treasury SharpLink Gaming…
In brief Investors are bracing for revisions to U.S. payrolls, inflation updates, and the Fed’s September 17 rate call. Analysts warn overlapping events, including VIX futures expiry, could set off sharp swings in risk assets. Ethereum shows stronger trading momentum than Bitcoin, with rising open interest and sustained spot demand. Monday’s lull in trading for…
In brief Anton Kobyakov, an advisor to Russian President Vladimir Putin, said the U.S. is using crypto to help fix its debt issue. Kobyakov highlighted stablecoins will play a role in the U.S.’s debt devaluation. He added that the U.S.’s actions are at the “world’s expense.” An advisor to Russian President Vladimir Putin said that…
In brief Fundstrat Global Advisors Managing Partner Tom Lee told CNBC that Bitcoin can hit $200,000 this year. He claimed during the interview that the digital coin would benefit if the Federal Reserve cuts interest rates. Bitcoin and other digital coins and tokens have largely done well in a low interest rate environment. Bitcoin can…
In brief Sharplink (SBET) shares fell 11% after announcing plans to stake ETH on Linea, now trading at $15.73. 82.5% of prediction market users on Myriad doubt the company will reach its 1 million ETH target by September 16. Analysts say aggressive share issuances to fund ETH purchases are diluting existing investors and making the…
In brief European crypto asset manager CoinShares has announced plans to go public in the U.S. on the Nasdaq. The deal sees CoinShares enter an agreement with Vine Hill Capital Investment Corp. A number of crypto firms have gone public this year or have signaled plans to do so. European digital asset fund manager CoinShares…
In brief Nasdaq’s proposal comes as interest in tokenization of assets surges throughout the financial services world. The exchange said that it believes tokenization can provide the same benefits and protections as traditional systems. Nasdaq lists technology giants like Apple, Amazon, Meta, and Google. Nasdaq has asked the U.S. Securities and Exchange Commission for a…
