Everything web3, crypto, defi, degen
In brief The SEC’s adoption of generic listing standards has made the 19b-4 review clock irrelevant, shifting the approval process to S-1 registrations. Bloomberg analyst Eric Balchunas said Solana’s S-1 just filed its fourth amendment, signaling that approval could come soon. A Solana ETF could trigger speculative buying but may also face a “sell the…
In brief An old address holding 400 Bitcoin worth over $44 million has moved their “digital gold.” The coins had sat in the digital wallet since November 2013. Bitcoin is up 16,000% since then. A growing number of “Satoshi-era” investors have moved their Bitcoin in recent months with BTC steadily above $100K. Another long-term Bitcoin…
In brief SWIFT is partnering with Consensys and 30 major financial institutions including Bank of America, Citi, and JP Morgan to develop a blockchain-based prototype for real-time cross-border payments. The prototype will use a secure ledger with smart contracts to record and validate transactions. It’s still unclear whether it will be built on Ethereum mainnet…
In brief The crypto market is back in the green for the month, reclaiming a $3.9 trillion market cap. Bitcoin is up 3.5%, rising above $114K. Solana has climbed 2.2%, holding at a $113 billion market cap. Where to from here? Technical indicators and prediction markets differ in their optimism. After a bruising week that…
In brief Stablecoin network Plasma has meme coins now after entering “mainnet beta” last week. The Trillions token hit a $60 million market cap on Sunday, before falling sharply. It references a meme at the foundation of the Plasma thesis, predicting the total stablecoin market cap to be in the trillions of dollars. A meme…
In brief Over $800 million was pulled out of crypto ETFs worldwide last week, CoinShares said Monday. Most of that came from investors pulling funds out of Bitcoin funds as the leading coin’s price fell. But Solana and XRP funds attracted inflows, bucking the trend from BTC and ETH funds. Investors pulled money out of…
In brief A potential government shutdown could delay Friday’s jobs report, which Bitcoin traders rely on to predict Federal Reserve rate cuts. Bitcoin has climbed above $114,000 but still trails 0.7% behind its price from two weeks ago amid shutdown uncertainty. Historical shutdowns show mixed results for Bitcoin – it gained 14% during the 2013…
In brief BitMine Immersion Technologies added $980 million worth of ETH last week, pushing its tally to nearly $11 billion worth. BMNR stock is up more than 6% on the day, rising following the announcement. Tom Lee’s company holds the largest Ethereum treasury of any publicly traded firm, outpacing SharpLink Gaming. BitMine Immersion Technologies stock…
In brief Bitcoin recovered to $112,000 Monday morning, recovering losses sustained during last week’s price slump. CME-based Bitcoin futures and options products saw a $4.33 billion decline in open interest between September 18 and 26. Crypto-native investors remained optimistic despite last week’s liquidation event, supported by an $800 million uptick in open interest and rising…
In brief Top alcoins have risen 3–4% in the past 24 hours, partially reversing last week’s sell-off. About $345 million in crypto liquidations were recorded, mostly from short positions. One analsyt expects near-term consolidation before capital rotation into select altcoin segments in Q4. A weekend surge in crypto has partially erased last week’s losses as…
