Everything web3, crypto, defi, degen
In brief Arthur Hayes has previously attacked the U.S. Federal Reserve in his blog posts. This time he’s focusing on the European Central Bank—and honing in on France’s debt. The crypto entrepreneur argues that France’s debt and money printing will cause Bitcoin’s price to surge. Crypto mogul Arthur Hayes has previously attacked the U.S. central…
In brief XRP surged above $3 today after weeks of sideways actions and bearish sentiment. Prediction market users on Myriad say there’s a 55% chance XRP hits $4 before dumping back to $2. The charts suggest caution. Here’s why. After weeks of sideways chop, XRP—the cryptocurrency created by the founders of Ripple—is making another run…
In brief First Lady Melania Trump shared a post from her official meme coin page, boosting the price of her official Solana meme coin. The token is now trading above $0.18—still nearly 99% off its all-time high of $13.05. Controversy has surrounded the MELANIA token, which was launched by the same strategist who worked on…
In brief Bitcoin hit $120,000 Thursday for the first time since mid-August. Investors are flocking back to Bitcoin ETFs, with substantial inflows on Wednesday. October in the past has been a strong month for the asset, with traders dubbing it “Uptober.” Bitcoin topped a price of $120,000 per coin on Thursday for the first time…
In brief Bitcoin miner manufacturer Canaan said Thursday that it has landed an order for over 50,000 rigs. The order, from an undisclosed U.S. customer, is the firm’s largest single order in the last three years. Canaan shares surged in early trading Thursday following the announcement. Canaan Inc., a Singapore-based cryptocurrency mining equipment manufacturer, announced…
In brief Litecoin surged 10% to $118, while Stellar gained 9% to $0.40. Short liquidations topped $480 million in 24 hours, as sentiment flips sentiment from fear to greed. Traders are rotating into older coins with Bitcoin rising more than 8% since September 28. The “Uptober” effect is in full swing. Kicking off what has historically…
In brief SEC decisions on applications for spot altcoin ETFs are on hold during the government closure. Analysts have been expecting the agency to approve Solana funds early this month. The regulator is weighing more than 90 applications for funds tracking different cryptos, combinations of tokens and digital asset strategies. Investors expecting U.S. Securities and…
In brief The market cap of top Bitcoin miners is soaring. Last month, the top public Bitcoin miners tracked by JP Morgan passed the $50 billion mark. The surge comes as companies in the space pivot to high-powered computing. The market cap of Bitcoin miners soared in September as firms in the space benefited from…
In brief Ethereum sits 13.8% from its all-time high versus Solana’s steeper 34.12% climb. Prediction market Myriad places odds at 62% that ETH hits a new high before any major drop. Myriad users are bearish at the moment on a new SOL high. Here’s what the charts are looking like. Goodbye “red September,” hello “Uptober.”…
In brief Privacy coin Zcash is rallying after hitting a three-year high. A number of prominent observers in the crypto and Silicon Valley space have discussed the coin’s potential lately. Zcash remains down by over 95% from its 2016 record. Privacy coin Zcash has been the best performing digital asset over the past 24 hours…
