Everything web3, crypto, defi, degen
In brief Bitcoin ETFs recorded two consecutive days of inflows exceeding $300 million, totaling $633.3 million across both sessions, the strongest two-day performance since early August. Fidelity’s FBTC led Tuesday with $132.7 million in inflows, while BlackRock’s IBIT dominated Wednesday with $289.8 million in inflows. Analysts characterized the movement as “concentrated dip-buying” rather than a…
In brief Bitcoin’s single-day hash rate—a measurement of computing power—hit an all-time high of 1.279 on Tuesday. The hash rate also reached a moving average record for seven days. Miners, who work to secure Bitcoin’s network, have faced various challenges. Bitcoin’s single-day hash rate on Tuesday hit a new high of 1.279 zettahash per second…
In brief Crypto exchange Bullish debuted on the New York Stock Exchange in August. Its stock soared to more than triple the initial offering price. But analysts at Compass Point say it’s currently trading too high. Analysts at investment bank Compass Point initiated coverage of crypto exchange Bullish with a neutral rating and a $45…
In brief The TROLL meme coin team has secured an exclusive license to the Trollface IP, following a six-figure deal with the creator. Carlos Ramirez, the Trollface artist, will also earn an 11% royalty fee on net revenue produced by future TROLL meme coin merchandise. Seal, the pseudonymous community takeover lead for TROLL, called the…
In brief The queue to become an Ethereum (ETH) validator, which allows you to stake the cryptocurrency, has reached the highest level since September 2023. Analysts think this may be partly due to the surge of investment in ETH treasury firms, which often engage in staking. Lower network fees on the blockchain were also highlighted…
In brief U.S. Bank, the fifth largest bank in the United States by assets, is offering Bitcoin custody services again. The service will be for institutional investment managers. U.S. Bank first announced the service in 2021 but had to pause it. Financial services giant U.S. Bank has restarted its crypto custody operations after pausing the…
In brief There are many free-to-play games that pay players real Bitcoin rewards. You’ll typically earn amounts in satoshis, or the smallest denomination of Bitcoin (1/100,000,000 BTC). Such games are often loaded with video ads, but that’s the trade-off for earning Bitcoin. Bitcoin pushed to yet another all-time high price mark in August, maintaining recent…
In brief Pump.fun has introduced a dynamic fee model that looks to reward token creators on the platform. One Pump.fun livestreamer told Decrypt the move empowers small creators to make more money than on traditional platforms like Twitch. Over the past 24 hours following the update, $1.9 million was distributed to creators on the platform.…
In brief The U.S. has jumped from fourth to second place in global crypto adoption as regulatory clarity drives institutional demand, according to the latest Chainalysis report. India has maintained a three-year winning streak despite heavy taxation and compliance requirements. The Asia-Pacific region led growth with a 69% surge in transaction volume, while stablecoin volumes…
In brief The market cap of top Bitcoin miners tracked by JP Morgan last month soared to a new record. This comes as publicly-traded miners branch out into high-performance computing, analysts at the bank said. The environment for the Bitcoin mining industry has been challenging. The market cap of top publicly-traded Bitcoin miners soared last…
