Everything web3, crypto, defi, degen
In brief The crypto market rebounded to $4.15 trillion as Bitcoin hovered near $116,000, Cardano climbed 5%, and NEAR soared 15%. A $74 billion recovery came as the Federal Reserve cut rates by 25 bps and gold surged to $3,700. September’s cautious sentiment held, but Bitcoin, Cardano, and Near are posting divergent signals. The cryptocurrency…
In brief The SEC said that Grayscale’s Digital Large Cap Fund conversion into an ETF is approved for listing and trading. The fund tracks the price of Bitcoin, Ethereum, Solana, XRP, and Cardano. Other ETFs tracking XRP and Dogecoin began trading on Thursday. An exchange-traded fund from crypto asset manager Grayscale that tracks the price…
In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE)…
Kraken is doubling down on trader empowerment. By increasing margin trading leverage from 2x to 10x on select pairs, we’re giving experienced traders more flexibility, efficiency, and capital power than ever before. Margin leverage is increasing for five of our most popular crypto assets: ADA, LINK, AVAX, SUI and LTC! 10x margin trading is now…
In brief Ethereum transformed the blockchain industry by enabling smart contracts, DAOs, NFTs, and decentralized apps. From its 2015 launch to The Merge in 2022, Ethereum has driven innovation and faced growing pains. Ethereum powers DeFi and NFTs, but still battles high fees, scalability limits, and fierce competition. Ethereum, the second-biggest cryptocurrency after Bitcoin, is…
In brief The SEC is mulling 90 applications for crypto ETFs, many focused on XRP, Solana, and other top altcoins. Many of the funds are expected to be approved this year, according to industry experts. Some will likely be shuttered due to lackluster inflows, a crypto startup CEO told Decrypt. There is a growing stack…
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 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 XRP whales have sold approximately $470 million worth of tokens over the past 10 days, contributing to a 20% decline from its $3.65 record high. Despite heavy whale selling, trading volumes remain sustained and retail investors continue accumulating XRP, suggesting market redistribution rather than panic. XRP currently trades at $2.90 with key support…
In brief Stablecoin supply climbed to $160 billion, with $32 billion on exchanges and daily inflows topping $1.2 billion, creating the largest pool of deployable capital in crypto history. Bitcoin, Ethereum, and XRP posted modest 24-hour gains as markets consolidate ahead of a possible September Fed rate cut. While some analysts see the surge in…
