Everything web3, crypto, defi, degen
In brief The crypto market is now deep in the red for September, shedding close to 5% in total value in 24 hours. Bitcoin is holding onto a slim 1% gain for the month, staying in the green for now. Technical indicators suggest market exhaustion, but prediction markets remain somewhat optimistic. Brace yourselves, the Red…
Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period closing in on $1 billion. Bitcoin, the leading cryptocurrency, was recently down by nearly 4%, trading for under $109,700, CoinGecko data shows. While Ethereum, the second biggest digital coin, dropped further—by 7.5%—and was trading for $3,879 Thursday afternoon New York…
In brief Liquidations topped $1.1 billion, most of the them long positions. Bitcoin was down 3.6% over the past 24 hours and nearly 7% for the week. Glassnode said that crypto markets were showing “signs of exhaustion.” Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period topping…
In brief Nansen launched a Claude-based AI assistant trained on 500 million labeled blockchain addresses. The bot currently surfaces insights; trade execution is planned, with users retaining final approval. There’s no white paper yet, and experts warn AI agents in finance are vulnerable to adversarial attacks. Blockchain analytics firm Nansen pushed deeper into the AI…
In brief Bitcoin was trading at $111,336, down 1.8% daily and 5.4% weekly, as investors awaited tomorrow’s PCE inflation data release. Of prediction market users, 61% expect BTC to drop to $105,000 before reaching new highs, with selling pressure between $115,000-$119,000. Fed rate cut odds stand at 83.4% for next month’s meeting, but higher inflation…
In brief Plasma, a stablecoin-focused layer-1 blockchain, has hit “mainnet beta” with its XPL token debuting alongside it. XRP buyers from the initial coin offering earlier this year are up massively. Additionally, people who made deposits towards the pre-sale were handed free tokens, even if they didn’t ultimately buy XPL. Stablecoin blockchain Plasma launched its…
In brief Google is backstopping a deal between AI compute company Fluidstack and Bitcoin miner Cipher. The deal will give Google the right to buy a 5.4% stake in Cipher. This isn’t the first time Google has invested in the Bitcoin mining space. Google is diving deeper into the Bitcoin mining world after backing a…
In brief The price of Ethereum has dropped 10% in the past month and is currently just above $4,000. Macroeconomic uncertainty has slowed demand from institutions, resulting in reduced institutional accumulation via daily ETF net flows and DAT-driven purchases. Experts suggest the realized price of accumulating Ethereum addresses around $3,000 is a pivotal support. Investor…
In brief SharpLink Gaming will tokenize its SEC-registered common stock (SBET) directly on Ethereum through Superstate’s Opening Bell platform. The Nasdaq-listed firm has built one of the largest public ETH treasuries, holding more than 838K ETH worth $3.3 billion. The move follows SharpLink’s recent stock buybacks and comes amid a broader SEC push to modernize…
In brief $442 million worth of crypto liquidations have been recorded over the past 24 hours, most which were long positions. It comes as the majority of the crypto market is in the red, with major coins including Bitcoin, Ethereum, and Solana down on the day. Only four non-stablecoins are in the green over the…
