Everything web3, crypto, defi, degen
In brief Academic research points to a number of factors influencing Bitcoin’s value. They encompass programmed scarcity, network effects, and cost of production. Studies have also found that sentiment and belief play an outsized role in determining the value of Bitcoin. Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
In brief The overall crypto market is down just over 3% in the last week. Is it time to panic? Bitcoin remains relatively stable compared to meme coin counterparts. The technical picture remains overall bullish. The next few trading days could prove crucial. There are two kinds of people in the crypto world: those who…
BTC ATH MONTHLY, TRUMP SPOOKS MARKETS, ALTCOINS LEAD FALLSBitcoin records ATH monthly close then falls. Altcoins lead crypto sell-off after mixed earnings. SEC launches ‘Project Crypto’ to tokenise assets. Most crypto assets are not securities: Atkins. Strategy reports $10b profit despite funding costs. Coinbase earnings mixed, stock falls 10%. Coinbase to expand to tokenized RWAs,…
In brief Benchmark analyst Mark Palmer raised MSTR’s price target to $705, based on a projection that Bitcoin will reach $225,000 by end of 2026. Strategy reported $10 billion in Q2 net income from unrealized Bitcoin gains on its $71 billion holdings, with the CEO targeting treasury growth to exceed Microsoft, Google, and Amazon. The…
In brief The White House unveiled new tariffs on Thursday. A cooler-than-expected jobs report pointed to a tepid labor market. Odds of a September rate cut surged to 83% from 37%. The price of Bitcoin and other cryptocurrencies wavered on Friday as investors weighed the White House’s latest round of tariffs against fresh signs of…
Coinbase’s retail trading volumes dropped sharply in Q2, but beneath the surface, XRP continued to generate more consumer transaction revenue than Ethereum, extending a trend that began in the first quarter.According to Coinbase’s Q2 shareholder letter, XRP made up 13% of consumer transaction revenue, narrowly ahead of Ethereum at 12%. That marked a shift from…
In brief Hong Kong’s stablecoin licensing regime takes effect today, requiring fiat-referenced issuers to obtain HKMA approval. It comes shortly after the U.S. passed the GENIUS Act, sparking comparisons between the two approaches. Analysts say adoption may be slow in local retail, but firms eye international and B2B applications. Hong Kong officially introduced its long-awaited…
In brief JP Morgan CEO Jamie Dimon reaffirmed support for stablecoins, calling them potentially more useful than cash, while maintaining his skepticism toward Bitcoin. Dimon said blockchain and stablecoins meet customer demand, even if they don’t align with the bank’s personal preferences. The comments follow JP Morgan’s new deal with Coinbase, allowing Chase customers to…
In brief Visa has expanded its stablecoin settlement support to include PYUSD, USDG, and EURC across Avalanche and Stellar networks. The move adds to existing support for Ethereum and Solana, widening Visa’s stablecoin infrastructure amid broader institutional adoption. The announcement comes weeks after the U.S. passed the GENIUS Act, introducing the country’s first federal regulatory…
