Everything web3, crypto, defi, degen
In brief Standard Chartered’s Geoffrey Kendrick sees Ethereum’s pullback from its all-time high as a “great entry point” with $7,500 target by end of 2025. Treasury companies and ETFs have purchased 4.9% of circulating ETH since June, with buying pressure driving the recent surge to $4,953 all-time high. Ethereum ETFs attracted $444 million inflows Monday…
Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin continued to fall Monday, triggering a wave of liquidations that topped $900 million over the past 24 hours.Bitcoin dropped below $110,000 for the first time since early July, spearheading a market-wide swoon after a whale unloaded 24,000 BTC worth $2.7 billion on Sunday. The continued dive also…
In brief Canary Capital has applied for a “Made in America” crypto ETF. The fund, if approved, would give investors exposure to digital coins created in the U.S. or primarily backed by U.S. operations. Canary Capital has applied for a number of altcoin ETFs, including Litecoin and Tron. Crypto fund manager Canary Capital has applied…
In brief A Bitcoin whale sale over the weekend stopped the Bitcoin rally in its tracks. Technical indicators suggest caution ahead for BTC traders. There are signs, though, that markets are taking a more optimistic view of Ethereum. The crypto market has started the week off in a sea of red after a massive Bitcoin…
In brief Grayscale submitted a registration statement for its Avalanche Trust. VanEck is also seeking approval for an Avalanche ETF in the U.S. Analysts are eyeing a round of crypto ETF approvals in October. Crypto asset manager Grayscale submitted a registration statement for its Avalanche Trust to the U.S. Securities and Exchange Commission on Friday,…
In brief Nasdaq-listed Sharps Technology is raising $400 million to buy Solana. The medical device company is the latest to adopt a Solana treasury strategy. A number of publicly traded firms are putting cryptocurrency on their balance sheets. Nasdaq-listed medical device company Sharps Technology’s stock boomed on Monday after the firm said it would pivot…
In brief Three major crypto firms are said to be raising $1 billion for a Solana treasury fund. Solana is down 5% today, reeling from the weekend crypto market crash. Futures data shows bullish positions among speculative traders. Three of the crypto industry’s most influential firms—Galaxy Digital, Jump Crypto, and Multicoin Capital—are in talks to…
In brief Investment firms are filing a wave of sophisticated crypto ETF applications, including 21Shares’ active crypto fund and 2x leveraged Dogecoin and Sui products. Multiple XRP ETF issuers updated filings following SEC feedback, while regulators delaying decisions on Trump Media and Solana funds until October. Experts predict approval momentum to begin in October despite…
In brief AUSTRAC has directed Binance Australia to nominate external auditors within 28 days after identifying “serious concerns” with anti-money laundering controls. The regulator flagged inadequate reviews, “high staff turnover,” and insufficient local management oversight at the platform. This action adds to a string of regulatory measures, including a $5.1 million fine for Kraken and…
In brief The measure directs the country’s central bank to purchase 10,000 BTC over five years, with a 20-year holding requirement. Custody, proof-of-reserves, and disposal rules would be codified by law and regulation. Local crypto voices call the proposal bold but warn of volatility, fiscal tradeoffs, and gaps in financial literacy. The Philippines has introduced…
