Everything web3, crypto, defi, degen
In brief Canaan closed up about 28% on Monday afternoon. Bitcoin miner CleanSpark became the latest firm to move into the world of AI data centers. CleanSpark’s stock rose 4.5% on the news that it was moving resources from minting Bitcoins to high-performance computing. Bitcoin mining company stocks rocketed up Monday as Bitcoin and other…
In brief Weekly prediction market volume reached a new record above $2 billion, with Polymarket reclaiming the lead over Kalshi after eight weeks of trailing in trading volume. Sports betting drove the highest volume at $414.7 million last week, outpacing political markets at $322.6 million despite growing election-related activity heading into November. Major funding rounds…
In brief A major outage at Amazon Web Services continued to disrupt key crypto platforms on Monday afternoon, including Coinbase, Base, and OpenSea, with issues hitting East Coast users especially hard. The downtime even impacted decentralized apps like MetaMask, which use third-party, AWS-dependent services to fetch blockchain data for users. While the disruptions highlighted crypto’s…
In brief Four Polymarket users have collectively wagered $62,000 that Satoshi Nakamoto will move some Bitcoin this year. Odds on the prediction market spiked to 15% last week, up from just 2% at the start of the month. Traders are speculating that the bettors may be insiders, or are predicting that the resolution source is…
In brief Evernorth is a new publicly traded digital asset treasury focused on accumulating the Ripple-linked asset, XRP. The firm’s treasury will be built with more than $1 billion in net proceeds, with contributions from Ripple and notable crypto firms. Ripple executives, including CEO Brad Garlinghouse, will act as strategic advisors to the firm. Ripple…
In brief Crypto prices plunged last week. Bitcoin miner BitMine Immersion saw this as a buying opportunity and bought over 200,000 ETH. The NYSE-listed firm now holds over $13 billion in crypto. Ethereum treasury BitMine Immersion bought the dip, snapping up 203,826 ETH last week to bring its current holdings to over 3.2 million digital…
In brief Bitcoin funds experienced $946 million in outflows last week following the October 10 market crash triggered by President Trump’s tariff threats, with losses concentrated in U.S.-listed products. While U.S. investors pulled money out, European and Canadian investors bought the dip, with Germany, Switzerland, and Canada recording net inflows during the downturn. Altcoins saw…
In brief Elon Musk jokingly posted on X that his Shiba Inu dog Floki is returning as the CEO of X, formerly Twitter. It prompted a 27% price increase for Ethereum meme coin Floki, which was recently at a $829 million market cap. Traders are hoping that Musk will continue to post about Floki, as…
In brief Coinbase is ending the waitlist for its Coinbase One Card, making it available to hundreds of thousands of American users. The card provides up to 4% BTC back in rewards based on how much crypto the user holds on Coinbase. The card is exclusively available to subscribers to Coinbase’s Coinbase One service. Coinbase…
Top crypto trading platforms Coinbase and Robinhood went offline for hours Monday, with the companies citing an Amazon Web Services (AWS) outage as the cause of the mayhem. Users across the world panicked as their crypto funds became—at least temporarily—inaccessible. Users of both apps reported an inability not only to buy or sell tokens on Monday,…
