Everything web3, crypto, defi, degen
In brief Cantor Fitzgerald has debuted a new Bitcoin fund. The fund also gives investors exposure to gold—for downside protection. Gold rose to a record high near $3,680 on Monday, while BTC is trading about 9% off its all-time best, set last month. Wall Street giant Cantor Fitzgerald debuted a new fund Monday that aims…
In brief Ethereum hit a new all-time high on Friday, but Arthur Hayes thinks it is going much higher. The BitMEX founder upped his price prediction to $10,000-$20,000 this cycle. The prediction is fueled by his anticipation that Trump’s administration will adopt major quantitative easing. After setting a new all-time high price on Friday, Ethereum…
In brief Ethereum jumped nearly 15% Friday after Fed Chair Jerome Powell hinted at rate cuts, but the token stalled just short of eclipsing its all-time high of $4,878. More than $340 million in Ethereum long and short positions were liquidated in the last 24 hours, making up over half of all crypto market liquidations.…
Luca Netz Talks Playbook for Pudgy Penguins, $Pengu in Bull Market, Abstract TGE, and more…Igloo Inc. CEO Luca Netz discussed how Pudgy Penguins aims to grow its brand and business and increase its access to capital amid the bull market in 2025. He touched upon several trends in Web3, including crypto treasury firms, tokenized stocks…
In brief Bitcoin’s price will likely peak in six months to a year, Bernstein analysts said. As the bull market broadens, Ethereum and Solana will likely shine, they said. Bernstein analysts raised their price target for Robinhood shares to $160. As the White House pushes crypto on Capitol Hill, it’s becoming increasingly difficult to see…
In brief Over $500 million in long positions in the crypto market were liquidated in the past 24 hours. Bitcoin and XRP prices are holding to support levels, but there are caution flags being waved. Ethereum, meanwhile, continues to show strength despite the dip. The crypto market is painting the charts red today, with a…
In brief Bitcoin’s recent price drop was a result of profit-taking by traders closing positions, rather than a fundamental shift to a bearish sentiment. The market is taking a cautious, defensive stance due to geopolitical uncertainty and upcoming macroeconomic events like Friday’s speech from Fed Chairman Jerome Powell. However, long-term bullish catalysts like new Fed…
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 Open interest in ETH futures positions surged to over $57 billion on Tuesday. ETH also topped all other coins in liquidations, as the token takes center stage for investors. The attention is largely thanks to ETH’s surging price, which is now closer to eclipsing its all-time high than at any point since 2021.…
In brief Predictors on Myriad are leaning bullish on Bitcoin, believing it will hit $125K before it dips to $105K. A new market asks whether or not SharpLink Gaming will reach its 1 million ETH milestone before September 16, though predictors are skeptical. Vitalik Buterin has been vocal about the Ethereum layer-2 roadmap and predictors…
