Everything web3, crypto, defi, degen
In brief Bitcoin gained against Ethereum as Trump’s latest tariff threat weighed on markets. Despite recently losing ground, Ethereum is still outperforming Bitcoin this year. Some analysts foresee an altcoin rally, while others are doubtful. Ethereum surged against Bitcoin on its way toward a peak of nearly $5,000 this summer, but the reigning cryptocurrency reasserted…
In brief Binance unveiled the “Together Initiative,” setting aside another $400 million to reimburse users affected by recent crypto liquidations. Other partners in the BNB ecosystem have added another $328 million to help affected traders of meme coins and more on BNB Chain. BNB hit a new all-time high on Monday, but is down around…
In brief Bitcoin tested the key support level of $112,500 Tuesday morning, as ETF flows reversed with $326M in outflows. Analysts warned that a break of support could send Bitcoin down toward $103,500. Ongoing U.S.-China trade tensions are compounding market fragility and fear. The cryptocurrency market is facing a broad pullback, with Bitcoin testing a…
In brief Options data indicate limited Bitcoin upside, as implied volatility drops following the Black Friday crash. Market makers’ long gamma positioning is suppressing rallies and stabilizing prices. Analysts see a potential drop to $100,000 in the near term but remain bullish long-term. Bitcoin is sailing into calmer waters following last week’s tumultuous event, which…
In brief Canaan teamed with Calgary-based Aurora AZ Energy to test distributed gas-powered systems. The company says the setup could cut 14,000 tons of carbon emissions annually. Trading volume more than doubled Monday, marking one of Canaan’s busiest sessions this year. Bitcoin mining hardware manufacturer Canaan Inc. (NASDAQ:CAN) stock jumped over 40% Monday, closing at…
In brief Steak ‘n Shake will not accept Ethereum payments despite community members voting in favor of accepting ETH. The restaurant franchise started accepting Bitcoin payments in its locations across the United States in May. Same-store sales have increased in both Q2 and Q3, thanks in part to the Bitcoin community, the firm said. Fast…
In brief Bitcoin dropped from $121,000 to $106,000 on Friday after Trump announced 100% tariffs on China, triggering $19 billion in liquidations within 24 hours. The crash hit leveraged traders on centralized exchanges hardest, with 1.6 million positions liquidated as the timing—after market close—left crypto as the only outlet for investor reaction. Leverage amplifies both…
In brief A whale trading on Hyperliquid that made millions shorting BTC and ETH last week is now shorting Bitcoin again. The trader added $40 million USDC to Hyperliquid on Monday, using it to short Bitcoin with 10x leverage. The open position is currently yielding around $700,000 in unrealized profits. A whale that earned close…
In brief Bitcoin bounces back to $115K, but the technical picture suggests traders lack conviction. Ethereum shows the weakest trend strength among the three majors, despite reclaiming $4,200. Solana faces conflicting signals with bearish short-term momentum fighting bullish long-term structure. The crypto market just lived through another violent reminder that leverage is a double-edged sword.…
In brief Larry Fink said he had to “relook at [his] assumptions” about Bitcoin. BlackRock now manages several crypto-linked ETFs amid growing investor interest. Some firms, including Hargreaves Lansdown, remain wary despite offering crypto products. BlackRock CEO Larry Fink has once again reiterated cautious approval of crypto investments and walked back previous comments he made…
