Everything web3, crypto, defi, degen
In brief The U.S. dollar is firming, triggering a retracement in equities and gold. Experts remain split about the Fed’s measured dovish stance, but remain bullish on Bitcoin heading into the fourth quarter. A softer August Core PCE print could end Bitcoin’s September slump and set the stage for a bullish fourth quarter. Bitcoin is…
In brief FalconX executed the first forward rate agreements benchmarked to the Treehouse Ethereum Staking Rate. The products allow institutions to manage exposure to volatile staking yields, though they aren’t available to U.S. clients. The launch follows record demand for Ethereum staking, with validator queues hitting two-year highs. San Mateo, California-headquartered FalconX said Thursday it…
In brief Aster is the flavor of the week for crypto degens, up a staggering 2,180% in just seven days. The Aster token today surged another 19% to $2.35, breaking above key resistance levels with strong volume. How high will Aster go? Technical indicators and prediction market data show mixed signals. After a choppy start…
In brief Thumzup Media Corporation revealed plans to buy back up to $10 million worth of stock. TZUP shares were up about 6% on the day following the news, but are down sharply since early August. The firm holds about $4 million in crypto and has agreed to purchase a Dogecoin mining firm. Another crypto…
In brief South Park’s next episode, “Conflict of Interest,” will center on a prediction market app taking over the kids’ school. Real prediction markets like Myriad and Polymarket are letting users bet on which words or topics will appear in the episode, which is set to air tonight. The current season of South Park has…
In brief Jiuzi Holdings announced a crypto treasury strategy focused on Bitcoin, Ethereum, and BNB. The firm’s board approved up a plan to spend up to $1 billion on the crypto assets, though its cash and cash equivalents were less than $1 million last year. Shares of JZXN skyrocketed upon open, but have now fallen…
In brief JD Vance posted a heavily edited photo of him on X, leading to a Solana meme coin to skyrocket 65% in an hour. The token and broader meme spawned after the U.S. Vice President told Ukrainian President Zelenskyy that he needed to thank America for help in the fight against Russia. His reposting…
In brief DeFi Development Corp. is boosting its share repurchase program from $1 million to $100 million. The firm will consider buying back shares from the open market when its mNAV trades below 1. DFDV is up about 4% on the day, but down 12% in the last week of trading. Shares in Solana treasury…
In brief Solana is underperforming major cryptocurrencies due to higher leverage exposure, facing $31.6 million in liquidations over 24 hours as investors deleverage and take profits. Recent corporate treasury moves by Forward Industries and DeFi Development Corp were already priced in, one analyst said, triggering a “buy the rumor, sell the news” sell-off once announced.…
In brief Bitcoin has dropped 5% since last Thursday, while gold has surged nearly 5% to record highs. The growing divergence could be linked to institutional investors’ preference for gold as a safe-haven asset amid macroeconomic uncertainty, Decrypt was told. If history repeats, the top crypto is likely to outperform the precious metal as the…
