Everything web3, crypto, defi, degen
In brief Rising demand from ETFs and DATs has scooped up 8.40% of Ethereum‘s market cap, according to digital asset bank Sygnum. Crypto-friendly regulation under Trump’s administration has helped drive massive capital inflow into Ethereum. The successful Pectra upgrade also played a key role in shaping Ethereum’s value proposition, analysts argued. Ethereum’s renewed bullish momentum…
In brief Two technicians were arrested for allegedly setting up eight illicit crypto mining rigs. Running the hidden mining rigs inflated monthly electricity bills for care homes. Illegal crypto mining has become a growing problem globally. Hong Kong police have detained two men on suspicion of diverting electricity from care homes for the disabled to…
In brief Hayes has accumulated about $995,000 worth of ENA in the past two days, according to Arkham Intelligence. Ethena, backed by BlackRock, has pledged to route 95% of USDH revenue to Hyperliquid and cover migration costs. Native Markets leads the race with 90% odds, while Paxos revised its proposal and secured a Kraken listing…
In brief A lawsuit against Bitcoin treasury Strategy has been scrapped. Much like a different lawsuit dismissed in August, this one alleged shady accounting practices. A number of lawsuits have been brought against Strategy this year, Decrypt previously reported. Another shareholder lawsuit alleging dodgy accounting practices at Bitcoin treasury giant Strategy has been dropped, court…
In brief The SEC pushed back its deadline on staking in the BlackRock iShares Ethereum Trust to October 30, a 45-day delay. The regulator also delayed its decision on Franklin Templeton XRP and Solana funds by 60 days to November 14. In recent weeks, the agency has postponed decisions on rule change requests that would…
In brief Binance, the world’s biggest crypto exchange, and Franklin Templeton, one of the world’s biggest asset managers, are working together to release digital asset products. The two did not reveal what the products would be, but said further announcements will come later this year. They did say the products would cater to a “broad…
In brief Bitcoin up 0.5% to $114,000+ after producer price index fell 0.1% in August. 88% of investors expect 25 basis point Fed rate cut at next week’s FOMC meeting. Tomorrow’s consumer price index could drive additional crypto market volatility. Bitcoin ticked higher after the Bureau of Labor Statistics reported the producer price index dropped…
In brief Bitcoin’s recent lag is tied to the Nasdaq’s mean reversion, according to experts—leaving it at risk of deeper drawdowns. A potential Fed rate cut on September 17 could ease macro uncertainty and help Bitcoin and other risk-on assets regain momentum. Institutional investors are rotating capital into Bitcoin ETFs, possibly in anticipation of a…
In brief Pump.fun’s token has climbed double digits on the day, putting it inches away from its debut price. Its surge comes as PUMP was listed on Binance.US and the platform rolled out several updates for its token launchpad. The meme coin launchpad clawed back market share last month following 30 days of dominance from…
In brief Minister Jayant Chaudhary’s crypto investments grew 19% to $25,500 (₹21.31 lakh), marking the second year a Union minister disclosed digital asset holdings amid policy uncertainty. Mudrex’s survey of over 9,000 Indians revealed that 93% support crypto regulation, while 84% call the current 30% tax rate unfair compared to 12.5% equity taxation. The RBI’s…
