Everything web3, crypto, defi, degen
In brief Nasdaq-listed Bitdeer posted earnings this weekâwith slimming profits but increased revenue. The miner is laser-focused on its expansion. But it won’t be pivoting to a treasury strategy yet. Bitcoin mining has faced challenging times as costs rise, rewards fall and the macroeconomic environment grows more uncertain, but Nasdaq-listed Bitdeer (BTDR) told Decrypt that…
In brief Crypto markets have decidedly shifted from “greed” to “fear” as the rally cools and uncertainty sets in. Even still, crypto majors like Ethereum and Solana are showing resilient signs. The day’s biggest overperformer, though, may come as a surprise: Is Chainlink making a comeback? Crypto markets appear to be entering a cautious rebound…
In brief Markets slid further on Tuesday, with equities and other risk assets falling ahead of jobs and economic data. Bitcoin was recently down 3.5% as investors awaited incoming economic data and remarks by Fed Chair Jerome Powell. Ethereum also continued its retreat after nearly hitting a record high last week. Bitcoin sank below $113,000…
In brief SharpLink Gaming added $601 million in ETH to its treasury last week. The Ethereum-focused firm purchased 143,593 ETH at $4,648 between August 10 and August 15. The buy marks its largets ETH purchase in the past month. SharpLink Gaming purchased $601.5 million Ethereum last week, its largest ETH buy over the past month,…
In brief Google has increased its pro forma stake in the Bitcoin miner to 14%. The firm last week signed a deal to expand its AI data center capacity. Its stock is booming as a result. Terawulf stock (NASDAQ: WULF) surged more than 12% Monday after the Bitcoin miner said it was expanding and that…
In brief Publicly traded companies are now racing to accumulate Ethereum. Firms with strategic ETH reserves now account for more than 3% of the entire ETH supply. The top holders include BitMine Immersion Technologies, SharpLink Gaming, and Coinbase. The trend of publicly traded companies adopting crypto treasury strategies may have started with Bitcoin, but it…
In brief Jack Dorsey’s Block has released a new Bitcoin mining rig, aiming to disrupt the market. The machine is supposed to cut costs for miners because it has swappable parts. Dorsey is an outspoken Bitcoin advocate who has pursued numerous BTC initiatives. Jack Dorsey’s fintech Block has released its latest Bitcoin product: a long-lasting…
In brief Top markets on Myriad this week include predictions on the price of ETH, XRP, and SOL. ETH is charging ahead, but couldn’t push through to a new all-time high before retracing. Yet, predictors think $5K is no trouble in 2025. Predictors are split though about SOL’s chances of creating a new all-time high…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors soar and then retrace ahead of PPI BTC hits new ATH of $124,128 overnight ETH reaches $4,780 on 2nd-biggest day…
In brief Investors put over $1 billion into Ethereum ETFs on Monday, breaking the single-day record. The surging investment shows that people finally understand the cryptocurrency, Bloomberg analyst Eric Balchunas told Decrypt. Ethereum’s price is now close to breaking a new all-time high, topping $4,500 on Tuesday for the first time since 2021. Investors threw…
