Everything web3, crypto, defi, degen
In brief Spot Ethereum ETFs generated over $1.8 billion in investments this week. The nine funds outpaced their Bitcoin counterparts, which added just $70 million. Interest in Ethereum has risen with the passage of a stablecoin bill and rise of Ethereum treasury companies. For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin…
Institutional crypto firm Galaxy said Friday that it had sold more than 80,000 Bitcoin—over $9.3 billion worth at the current price—for a Satoshi-era investor.In a Friday statement, Galaxy said “it was one of the largest notional Bitcoin transactions in the history of crypto on behalf of a client.” The firm further described the sale as…
In brief BlackRock’s Ethereum ETF (ETHA) became the third-fastest ETF to reach $10 billion in assets, achieving the milestone in 251 days despite initial lukewarm reception compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin while facing class-action lawsuits over previous stock offering…
In brief Nasdaq-listed Windtree Therapeutics has said it will buy up to $700 million in BNB. The company is following software firm Strategy’s gameplan of buying digital assets. A number of publicly traded companies are now buying crypto—and not just Bitcoin—to boost their stock prices. Another day, another crypto treasury. Biotech firm Windtree Therapeutics said…
ETH LEADS, MONEY SUPPLY HITS ATH, PUNKS CONTINUE TO SURGEBTC dips as jobs data diminishes Fed rate cut hopes. US crypto inflows surge hit $60b YTD. Strategy increases pref stock offering to $2b. Tokyo’s Quantum Solutions plans to buy 3k BTC. ETH could outperform BTC for 6 months: Novogratz. Galaxy begins to sell large clips…
In brief Strategy is upsizing its STRC preferred stock offering to nearly $2.5 billion. STRC will offer a variable monthly dividend, starting at 9%. The firm intends to use the net proceeds from the sale to add to its $70 billion Bitcoin stash. Michael Saylor’s Bitcoin treasury firm Strategy is boosting its preferred stock offering…
In brief Analysts noted Galaxy Digital and other large Bitcoin holders moved $3.7 billion worth of BTC to exchanges Friday morning, with 26,100 BTC sold at a loss by short-term holders. Bitcoin dropped 1.8% to $116,365 amid mounting selling pressure, while trading volume surged 37% to $131.6 billion in 24 hours. Over $531 million in…
In brief Galaxy CEO Mike Novogratz said that Ethereum could do better than Bitcoin over the next three to six months. Institutions buying the second-biggest cryptocurrency will help propel its rise, he said. ETH remains well below its all-time high mark from 2021, while Bitcoin just recently hit another fresh peak. Crypto entrepreneur and billionaire…
In brief HYPE is currently trading for just above $43. That means Hyperliquid needs a 60% surge in price for the token to hit $69.69 before September. Predictors on Myriad place the odds of that happening at 30%. Here’s what the charts have to say. Will Hyperliquid’s native token continue to ride the HYPE and…
In brief A Bitcoin address on Thursday moved $469 million worth of the leading cryptocurrency. The digital fortune had sat virtually unmoved since January 2011, blockchain data shows. Earlier this month, a Bitcoin whale moved $8 billion in coins—shocking market observers. A Bitcoin whale on Thursday moved its $469 million crypto fortune after holding it…
