Everything web3, crypto, defi, degen
In brief JPMorgan analysts said Ethereum offers exposure to the stablecoin boom. Growth in stablecoins is outpacing the crypto market itself, they wrote. Not long ago, analysts questioned the value of Layer-2 networks. Ethereum’s recent outperformance could continue as Wall Street begins issuing massive amounts of stablecoins within its ecosystem, JPMorgan signaled in a Thursday…
In brief In 2023 Lõhmus told Estonia’s public radio he lost access and would consider credible recovery help. On-chain records show only dust transfers, with no outgoing ETH from the labeled wallet. There have been many other cases of lost crypto wallet passwords or keys. Two years ago, Estonian banker Rain Lõhmus told Estonia’s public…
In brief Lixte Biotechnology shares fell 16% on Wednesday after it announced plans to establish a Bitcoin treasury. Bitcoin hit a new all-time high price on Wednesday, but Ethereum has risen much more dramatically of late. Ethereum treasury firms have seen massive gains recently, helping to drive ETH’s momentum. Bitcoin hit a new record high…
In brief Spot Ethereum ETFs have attracted $2.3 billion in the U.S. this month, equating to roughly 500,000 ETH. The network has issued 450,000 ETH since the “merge” took place in 2022. Ethereum treasury firms have bought lots of ETH recently, but ETFs are still a larger source of demand, according to Standard Chartered. Spot…
In brief Crypto exchange Bullish started trading on the New York Stock Exchange Wednesday. At peak, the price of BLSH more than tripled the initial offering price. The company is the latest in the space to have a popular debut on traditional markets. Shares of crypto exchange Bullish more than tripled the offering price Wednesday, signaling…
In brief Pump.fun is back to being the dominant token launchpad on Solana, following a month with LetsBonk on top. It comes following the formation of its Glass Full Foundation and an apparent social media strategy shift. As a result, Pump.fun tokens have risen 8% on the day, with Fartcoin leading the way up 15%.…
In brief Bitcoin and Ethereum are close to breaking new records. As the two flagship digital coins rise, altcoins like Solana and Dogecoin have posted larger daily gains. Ethereum is now up 29% on the week, outpacing all other major coins. Dogecoin and Solana were soaring Wednesday just as Bitcoin edged towards a new all-time…
In brief Bitcoin-based memecoin launchpad Odin.fun has lost 58.2 BTC, worth roughly $7 million, via an exploit. The platform has paused operations, but says it will be back next week The exploit was what is termed a “liquidity manipulation” attack, according to third-party security researchers Bitcoin-based meme coin launchpad Odin.fun has lost approximately 58.2 BTC,…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Standard Chartered has massively raised its Ethereum forecast to $7,500 by 2025, $12,000 in 2026, $18,000 in 2027, and $25,000 in 2028 and 2029, up from just $4,000 for 2025 in March. The bank points to heavy institutional buying, the GENIUS Act’s boost for stablecoins, etc, as key growth drivers. ETH is trading…
