Everything web3, crypto, defi, degen
In brief Ethereum was up slightly, even after ETFs lost $145 million on Monday. The delayed U.S. CPI report, now set for October 24 due to the ongoing government shutdown, has become a key risk trigger. Bitcoin ETFs have rebounded faster than Ethereum funds, with institutions showing stronger confidence in BTC as its dominance remains…
Bitcoin and the broader financial markets are bracing for the first inflation data release after the U.S. government shut down on October 1, with analysts pricing in a measured market reaction. The Consumer Price Index reading, scheduled for release on Friday, will play a pivotal role in shaping the Federal Reserve’s interest rate decision next week.The…
In brief Canaan closed up about 28% on Monday afternoon. Bitcoin miner CleanSpark became the latest firm to move into the world of AI data centers. CleanSpark’s stock rose 4.5% on the news that it was moving resources from minting Bitcoins to high-performance computing. Bitcoin mining company stocks rocketed up Monday as Bitcoin and other…
In brief Weekly prediction market volume reached a new record above $2 billion, with Polymarket reclaiming the lead over Kalshi after eight weeks of trailing in trading volume. Sports betting drove the highest volume at $414.7 million last week, outpacing political markets at $322.6 million despite growing election-related activity heading into November. Major funding rounds…
In brief Four Polymarket users have collectively wagered $62,000 that Satoshi Nakamoto will move some Bitcoin this year. Odds on the prediction market spiked to 15% last week, up from just 2% at the start of the month. Traders are speculating that the bettors may be insiders, or are predicting that the resolution source is…
In brief Evernorth is a new publicly traded digital asset treasury focused on accumulating the Ripple-linked asset, XRP. The firm’s treasury will be built with more than $1 billion in net proceeds, with contributions from Ripple and notable crypto firms. Ripple executives, including CEO Brad Garlinghouse, will act as strategic advisors to the firm. Ripple…
In brief Crypto prices plunged last week. Bitcoin miner BitMine Immersion saw this as a buying opportunity and bought over 200,000 ETH. The NYSE-listed firm now holds over $13 billion in crypto. Ethereum treasury BitMine Immersion bought the dip, snapping up 203,826 ETH last week to bring its current holdings to over 3.2 million digital…
In brief Bitcoin funds experienced $946 million in outflows last week following the October 10 market crash triggered by President Trump’s tariff threats, with losses concentrated in U.S.-listed products. While U.S. investors pulled money out, European and Canadian investors bought the dip, with Germany, Switzerland, and Canada recording net inflows during the downturn. Altcoins saw…
In brief Coinbase is ending the waitlist for its Coinbase One Card, making it available to hundreds of thousands of American users. The card provides up to 4% BTC back in rewards based on how much crypto the user holds on Coinbase. The card is exclusively available to subscribers to Coinbase’s Coinbase One service. Coinbase…
In brief Gemini is launching a Solana version of its Gemini Credit Card. Users can earn SOL on every purchase and automatically stake it to boost their rewards. The exchange also offers Bitcoin and XRP versions of the card. Publicly traded crypto exchange Gemini expanded its credit card suite on Monday, unveiling the Solana Card—a…
