Everything web3, crypto, defi, degen
In brief Standard Chartered’s Geoffrey Kendrick sees Ethereum’s pullback from its all-time high as a “great entry point” with $7,500 target by end of 2025. Treasury companies and ETFs have purchased 4.9% of circulating ETH since June, with buying pressure driving the recent surge to $4,953 all-time high. Ethereum ETFs attracted $444 million inflows Monday…
Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin continued to fall Monday, triggering a wave of liquidations that topped $900 million over the past 24 hours.Bitcoin dropped below $110,000 for the first time since early July, spearheading a market-wide swoon after a whale unloaded 24,000 BTC worth $2.7 billion on Sunday. The continued dive also…
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 Nasdaq-listed Sharps Technology is raising $400 million to buy Solana. The medical device company is the latest to adopt a Solana treasury strategy. A number of publicly traded firms are putting cryptocurrency on their balance sheets. Nasdaq-listed medical device company Sharps Technology’s stock boomed on Monday after the firm said it would pivot…
In brief Rumors circulated the internet over the weekend that Cristiano Ronaldo was set to release an official meme coin. As a result, several fake tokens were launched with one touching a $143 million market cap before crashing down 98% all within 15 minutes. On-chain analysis firm Bubblemaps told Decrypt it was likely an organized…
In brief A collector recently walked away with 1 BTC from a $13 pack of cards purchased from GameStop. The card came in via card manufacturer Cardsmiths’ Currency Series, which contains cards redeemable for real cryptocurrency. The pull marks at least the third overall 1 BTC find in the last year. GameStop doesn’t sell Bitcoin…
In brief Aubrey Cottle, better known as Kirtaner online, is spearheading a Solana “movement coin” as a homage to Anonymous, a famous hacker group which he founded. Fees earned by the token will be used to fund Cottle’s ongoing legal battle, buy tokens for Anonymous OGs, and potentially create a scholarship fund for young hackers.…
In brief Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher. Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs. But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high. Crypto markets have…
In brief Official Instagram accounts for Michael Jackson, Adele, and Future were apparently hijacked to promote a meme coin. The token, named after a clothing brand and record label attached to Future, reached a near $900K market cap before plummeting. The scammer made off with around $49,000 after dumping the majority of the tokens. The…
