Everything web3, crypto, defi, degen
In brief Bitcoin and Ethereum dipped briefly before climbing after Fed minutes shed light on why two Fed governors favored an interest rate cut at the July meeting. BTC was trading above $114,250 while ETH was just below to $4,350 following the minutes release. Fed Governors Waller and Bowman dissented, marking the first time two…
In brief Binance will move its USDT yield product onto the Plasma network once mainnet launches, estimated for September. Users will be able to earn 2% APR on their USDT stablecoin holdings, as well as earn a slice of the soon-to-launch XPL token. Codenamed “Taylor Swift,” the partnership’s details were kept under lock and key…
In brief SkyBridge Capital boss Anthony Scaramucci predicted that Bitcoin will be “between $180,000 and $200,000” by the end of 2025. He pointed to supply-and-demand dynamics and institutional interest as major drivers. Scaramucci argued that large institutional investors will mainly opt for Bitcoin ETFs over corporate treasuries. Amid Bitcoin’s roughly 6% pullback this week, former…
In brief Crypto is in the red, with total market cap falling below $3.9 trillion. While all coins are feeling it, Dogecoin and XRP are getting it worse. The charts suggest there could be more downside to come. Crypto markets continue their slide, cooling off from a red hot July. Bitcoin, of course, sets the…
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 SEC Chair Paul Atkins announced a major shift in crypto strategy, stating the regulator will no longer pursue “regulation by enforcement” against crypto projects, and wants to “embrace innovation.” Atkins launched “Project Crypto,” an initiative to attract crypto businesses to the U.S. by offering tailored disclosures, exemptions, and safe harbors for various crypto…
In brief U.S. Ethereum ETFs experienced $197 million in outflows on Monday, marking the second-highest daily withdrawal figure ever, while pending ETH unstaking requests surged to $3.9 billion. Both Ethereum and Bitcoin pulled back from recent highs, with analysts citing profit-taking after strong year-over-year gains and heightened geopolitical sensitivity around U.S.-Ukraine-Russia negotiations. Technical analysts identify…
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…
In brief KindlyMD said it was merging with Nakamoto Holdings to become a Bitcoin treasury back in May. The company just closed a $200 million convertible note offering. KindlyMD is the latest firm to pivot to Bitcoin buying as a way to provide better returns for investors. Bitcoin treasury KindlyMD has closed a $200 million…
In brief A solo Bitcoin miner solved a block on Sunday—a rare feat these days. The independent miner took home around $365,000 in rewards and fees. Mining Bitcoin is a cutthroat industry; even the major players face challenges. An independent Bitcoin miner hit the jackpot Sunday, outgunning the top mining operations that typically solve blocks…
