Everything web3, crypto, defi, degen
In brief SBF’s verified X account posted “gm” Tuesday evening despite prison restrictions on internet use. FTT token surged 32% following the tweet, with volume climbing from $10.4M to $59M. The FTX estate has filed a $1.1 billion lawsuit against Genesis Digital and plans to distribute $1.6 billion to creditors by September 30. On Tuesday…
In brief The crypto market continues to struggle today, extending yesterday’s losses. Bitcoin has dropped below $112,000, with the market flashing bearish signals. Meanwhile, there’s one coin in the top 10 currently defying trends and turning heads: BNB. The crypto market, including Bitcoin, is today still dealing with the effects of yesterday’s massive liquidation cascade,…
In brief Fartcoin is down 27% this week and now 75% off its all-time high of $2.48. Myriad Markets users do not think the token will make a new all-time high this year, giving it just a 20% chance of doing so. Other popular meme coins like DOGE and PENGU are also struggling on the…
In brief Bitcoin futures open interest dropped $1.25 billion to $80.8 billion over recent days, which analysts view as a healthy market reset that purged excessive leverage rather than a bearish warning. The drawdown is considered a temporary cooldown following volatility peaks and large liquidations, with Bitcoin maintaining key support around $112,000. Future market direction…
In brief Aster’s token has spiked 47% on the day and hit a new high as its revenue surged beyond decentralized exchange rival Hyperliquid. HYPE has fallen over the last week, although Hyperliquid remains ahead of Aster in terms of daily trading volume. Predictors on Myriad believe that it is 45% likely that Aster will…
In brief Bitcoin financial services firm Fold revealed details for its upcoming BTC rewards credit card. The card will be issued on the Visa network in a team-up with Stripe. Fold’s stock is down more than 14% on the day after opening strong. Bitcoin financial services company Fold Holdings announced Tuesday that its previously delayed…
In brief The number of crypto millionaires, centi-millionaires, and billionaires are all up in the last year as asset prices have risen. Bitcoin’s rise played a big role, with Bitcoin millionaires jumping 70% as the asset made a new all-time high above $124,000. The count of Bitcoin centi-millionaires and billionaires also rose at least 55%…
In brief Asian session’s 46% cumulative returns over the past year tower over the U.S. 31% and the EU’s 29%. While the Asian session may temporarily knock back U.S. and EU institutions, it won’t be enough to kickstart the second half of the bull run. Liquidity, leverage, and macroeconomic conditions will determine how long this…
In brief Altcoins Mantle and Avalanche are the only tokens in the top 100 cryptocurrencies that have posted double-digit gains on the day. Perpetual futures decentralized exchange Aster has also defied the market downturn with substantial gains. Bitcoin and Ethereum have traded flat on the day, and a large portion of the market has seen…
In brief Implied volatility remains low despite Bitcoin’s dip following a wipe out $1.65 billion in long positions across the crypto markets. Put-buying activity shows options traders are expecting further downside this month. Long-term positioning over the next three to six months remains bullish. Bitcoin extended weekend losses on Monday, triggering one of the largest…
