Everything web3, crypto, defi, degen
In brief BNB leads the top 10 coins by market cap with 85.6% YTD gains, far outpacing Ethereum and Bitcoin. The rally has been fueled by interest in the Aster DEX, surging on-chain activity, and institutional interest. Experts have queried whether the rally is sustainable, pointing to overbought technical indicators. While Bitcoin and Ethereum have grabbed…
In brief CleanCore added at least 100 million DOGE to its treasury, giving it more than 710 million DOGE in holdings. The firm said it now sits on more than $20 million in unrealized gains given Dogecoin’s rise in recent weeks. Shares of ZONE are up nearly 7% on the day, but down 32% in…
In brief VanEck projects a $644,000 price if Bitcoin matches half of gold’s value. Bitcoin’s market cap stands at $2.48 trillion, up 12% in the past month. Analysts caution the target may take five to ten years amid slower, steadier growth. Bitcoin is poised to capture half of gold’s market capitalization, according to investment firm…
In brief Bitcoin broke a new all-time high of a little over $126,000 per coin on Monday. However, the stock prices of publicly traded mining companies are rising even faster. Investors are flooding into the stock market and alternative assets over worries that currencies worldwide are being debased. Bitcoin’s price hit new records Monday, as…
In brief Gespa, Switzerland’s gambling authority, is reportedly operating a preliminary probe into FIFA’s right-to-buy ticketing feature. The right-to-buy collectibles provide the option to purchase physical tickets to World Cup games from a select pool of set-aside tickets for FIFA Collect users. FIFA Collect is the soccer governing body’s official digital collectibles platform, now operating…
In brief Bernstein analysts are forecasting more than a 30% jump in shares of blockchain lending firm, Figure Technologies. Figure hit public markets in September, conducting an IPO at $25 per share of FIGR. Shares are up around 6.5% today and trading at $42.71. Bernstein set its price target at $54. Blockchain lender Figure Technologies…
In brief Grayscale has added staking functionality to its two spot Ethereum ETFs in the United States. It also added staking to its Solana Trust, which has yet to be approved for an ETF conversion. Investors will be able to earn ETH staking rewards from the exchange-traded products. U.S. investors in exchange-traded funds tracking Ethereum’s…
In brief Cryptocurrency funds added nearly $6 billion last week, a single-week record according to CoinShares. Bitcoin soared to a new high price above $125,000 early Sunday. Investors are looking to alternative assets to hedge against weakening currencies. Investors threw a record amount of cash at Bitcoin and other crypto investment products, which racked up…
In brief Standard Chartered analysts predict stablecoins could draw $1 trillion in deposits from banks in emerging markets over the next three years. That represents 2% of aggregate deposits in high-vulnerability countries including Egypt, Pakistan, Bangladesh, Sri Lanka, Turkey, India, and Kenya. Depositors in these emerging markets are expected to adopt stablecoins even without yield…
The first week of October delivered a strong performance for the crypto market, with Bitcoin setting record highs and the layer-1 sector leading the charge among altcoins.The category, which includes assets like Solana, Avalanche, BNB, Sui, and Aptos, posted a 12.54% gain from September 29th to October 5th, according to Velo data. The layer-2 sector…
