Everything web3, crypto, defi, degen
In brief Solana, Dogecoin, and Cardano outperformed the broader crypto market on Wednesday. Despite Congress failing to pass a continuing resolution to avoid a government shutdown, crypto markets shrugged off concerns. Bitcoin surpassed $117,000 for the first time in about two weeks while anticipation builds for an expected 25-basis point Fed rate cut at October’s…
In brief Bitcoin has pushed above $116,000, tipping the total crypto market capitalization over the $4 trillion mark. Analysts cited ETF flows, macroeconomic optimism, and a historically bullish fourth quarter trend as key drivers. A sharp drop in the options skew shows traders are abandoning downside protection. ‘Uptober’ is off to a good start. Bitcoin…
In brief Tron Inc. stock has fallen 85% since June, part of a broader downturn for crypto-linked public companies. MSTR, BMNR, and the majority of publicly listed treasury companies are down double digits from their three-month peaks. This sell-off is a digital asset treasury trend, not a problem unique to any single firm, experts told…
In brief Defiance ETFs has debuted a new fund tracking the BITA Trillion Dollar Club Index. The ETF gives investors exposure to companies and assets with a $1 trillion market cap or higher. It tracks Bitcoin via BlackRock’s iShares Bitcoin Trust ETF. An exchange-traded fund tracking trillion dollar assets, including tech and crypto-related companies and…
In brief The crypto market is poised to close in the green for September as Bitcoin rallies above $114k. Altcoins like ADA and DOGE, though, aren’t faring nearly as well. Technical indicators and prediction market data diverge on the near and long-term market view. The crypto market is nursing another day of modest losses—but they’re…
In brief Dogecoin miner DogeHash Technologies secured a $2.5 million loan to bolster its mining fleet and efficiency. The loan was provided by publicly traded Thumzup Media who is set to acquire DogeHash Technologies. Shares of TZUP are up 2.4% on the day as Dogecoin has slipped 1%. Publicly traded crypto treasury firm Thumzup Media…
In brief Bitcoin has historically performed well in October, posting green months nine out of the past 10 years. It has led traders to believe in the legend of “Uptober,” and this year is no different. However, market analysts warn that the reality is much more complex, with many macro factors ready to blow up…
In brief Bakkt’s share price was up about 17% on Tuesday. Benchmark raised its price target to $40, highlighting three areas for potential growth. The investment bank called the stock’s recent rally “a validation” of moves Bakkt CEO Akshay Naheta has made. Bakkt Holdings stock price jumped 17% on Tuesday, adding to its recent rally…
In brief Robinhood’s stock (NASDAQ: HOOD) hit another new high Tuesday after doing so on Monday. The stock’s rise comes after a report that the company is looking at expanding its prediction platform out of the U.S. Robinhood first started offering event contracts last year around the U.S. presidential election. Robinhood stock hit a new…
In brief Bitcoin and Ethereum are both roughly flat on the day as Congress races to pass a funding bill before the shutdown deadline. Some 85% percent of Myriad prediction market users expect Bitcoin to see at least 48 red candles before Wednesday noon amid political uncertainty. Ledn’s CIO John Glover remains optimistic, noting that…
