Everything web3, crypto, defi, degen
Wall Street bank Citi and crypto exchange Coinbase are teaming up to “boost digital-asset payment capabilities” for the bank’s institutional clients.In the initial phase, the bank aims accelerate fiat pay-ins and payouts and improve orchestration to better bridge traditional finance with crypto on- and off-ramps, the bank said in a press release.“The financial landscape is…
In brief BitMine Immersion Technologies added $321 million worth of ETH last week. The company now holds over $13.8 billion worth of ETH, leading the Ethereum treasury accumulation race. BitMine shares are up more than 5% on the day. BitMine Immersion Technologies added another $321 million worth of Ethereum (ETH) to its stockpile over the…
In brief Bitcoin has recovered to near $115,000 following initial panic over Trump’s threatened 100% tariffs on China. Standard Chartered’s Geoff Kendrick notes that $2 billion exited gold ETFs last week, and suggests Bitcoin ETFs need to capture about half of that amount to confirm improving market sentiment. Despite recent gains, gold continues to significantly…
In brief Zcash has drawn renewed speculative attention ahead of its November halving, with traders positioning around the privacy coin narrative. Endorsements from prominent investors and revived privacy debates have fueled market activity despite limited on-chain growth, Decrypt was told. The rally’s sustainability hinges on post-halving sentiment and whether user adoption can extend beyond short-term…
In brief Bitcoin rose 3.5% over the weekend to $115,400 as optimism grew over easing U.S.–China trade tensions. Officials from both countries reached a preliminary framework in Malaysia, boosting risk appetite across global markets. Market sentiment on Myriad skewed toward “greed,” while analysts cautioned that on-chain activity hasn’t yet confirmed the rally. Bitcoin and the…
In brief The company has acquired 93 BTC as part of its daily accumulation program. It aims to build a 10,000-Bitcoin treasury using $40 million in fresh funding and a rebrand. Bitcoin has been rising steadily over the past week, buoyed by softer U.S. inflation data and ETF inflows. South Korea’s publicly listed Bitplanet has…
In brief Dimitri “Capybara Stocks” Semenikhin has emerged as the leader of the Beyond Meat meme stock movement, akin to Roaring Kitty during the GameStop craze. Semenikhin is a 28-year-old Russian man living in Dubai and working for his family real estate development company. He started posting on Reddit under the Capybara Stocks pseudonym as…
In brief DraftKings acquired prediction market platform Railbird but will focus on states without legal sports betting to avoid jeopardizing its existing gambling licenses. Bitcoin mining rig maker Canaan received a $4 price target from Benchmark analysts after a dramatic turnaround from near-delisting at $1, with shares up 18% for the week. Payments processor Zelle…
In brief Ethereum trades at $3,892 but faces massive market cap resistance. Gold’s nine-week rally just suffered its biggest drop in over a decade. Myriad prediction market odds favor ETH over gold. But it’s not an easy call. Here’s why. The race is on, and $5,000 is the finish line. But which asset gets there…
In brief A record $31 billion in Bitcoin options are set to expire on Halloween, surpassing last month’s $18 billion despite October’s flash crash that wiped out $19 billion in leveraged positions. Open interest at Deribit has reached an all-time high of $50.27 billion, with significant put contracts at $100,000 and call contracts at $120,000…
