Everything web3, crypto, defi, degen
In brief Strategy last week spent $45.6 million on 397 Bitcoins, one of its smaller buys. It now holds 641,205 digital coins worth $69.1 billion. The Bitcoin treasury’s stock was down slightly on the news. Bitcoin treasury Strategy added 397 digital coins for around $45.6 million—an average price of $114,771 per coin—in one of its…
In brief Bitcoin hovered near $108,000 and Ethereum traded around $3,750, extending cautious positioning ahead of Friday’s U.S. employment report. Bessent said high rates “may have driven” parts of the economy into recession, fuelling debate over whether future cuts would signal strength or stress. On-chain data shows Bitcoin stuck below a key $113,000 cost-basis level.…
In brief Scientists say the quantum risk to Bitcoin remains a decade or more away. New cryptography standards aim to harden systems before “Q-Day,” but experts warn that Bitcoin’s governance makes upgrades slow and political. Markets could crash on fear alone long before quantum math catches up. Bitcoin’s quantum reckoning may still be years away,…
In brief Coinbase exceeded Q3 expectations with $1.9 billion in revenue, driven by rebounding trading volumes and profitable services including its Ethereum L2 Base. BlackRock’s Bitcoin ETF IBIT saw major outflows of $290.8 million on Thursday as Bitcoin dropped below $110,000, though its cumulative inflows remain strong at $88 billion. REX Shares launched ULTI, a…
In brief Brazilian Bitcoin treasury OranjeBTC started trading publicly on October 7. The company owns 3,708 BTC, worth $408.3 million. But it has already halted buying Bitcoin, and is instead buying back its own shares. Brazil’s biggest Bitcoin treasury OranjeBTC has halted purchasing BTC and instead has bought back its own shares, the publicly traded…
In brief BlackRock’s IBIT saw its largest single-day outflow since early August, shedding $290 million. The drop reflects short-term macro uncertainty and a closed arbitrage window, not a long-term shift, according to analysts. Despite the weekly outflow, October’s total ETF inflows still beat September’s at $3.61 billion. U.S. spot Bitcoin ETFs witnessed a significant wave…
In brief Sam Bankman-Fried’s X account has shared a document in his defense. It claims that the bankrupt crypto exchange was never actually insolvent. FTT would be worth $22 billion today if FTX and Alameda survived, it adds. An account once used by Sam Bankman-Fried, founder and former CEO of bankrupt crypto exchange FTX, posted…
In brief Prediction market users are reflecting market uncertainty with swaying predictions on crypto price movements. Bears have taken control in the market that asks for Bitcoin’s next stop—$100,000 or $120,000. Users on Myriad think BNB’s market cap will outrank XRP next week. Uncertainty in the crypto market has led to a tighter price range…
In brief BNB and XRP are currently pulling back, with just a $500 million separating them in market cap. Traders on the Myriad prediction market are split, giving BNB a slight edge over XRP at 55%. Here’s what the charts say. After weeks of trading in parallel, the gap for cryptocurrency’s fourth-largest spot by market…
In brief AI computing company CoreWeave was set to buy Bitcoin miner Core Scientific in a $9 billion all-stock deal. But Core Scientific shareholders rejected the proposed transaction on Thursday. Shares of CoreWeave dipped on the news; Core Scientific’s stock rose. Bitcoin miner Core Scientific shareholders have rejected a proposed $9 billion merger with AI…
