Everything web3, crypto, defi, degen
In brief Bitcoin tested the key support level of $112,500 Tuesday morning, as ETF flows reversed with $326M in outflows. Analysts warned that a break of support could send Bitcoin down toward $103,500. Ongoing U.S.-China trade tensions are compounding market fragility and fear. The cryptocurrency market is facing a broad pullback, with Bitcoin testing a…
In brief Ethereum ETFs recorded $428.5 million in outflows on October 13, the largest single-day exodus in five weeks, with BlackRock’s ETHA leading at $310.1 million. The retreat follows a prior week that saw $488 million in net ETH ETF inflows, part of a broader $3.17 billion surge into crypto products. Experts attribute the defensive…
In brief Bhutan’s national digital ID platform will issue credentials through Ethereum. The system, initially built with Cardano developer IOG, is scheduled to undergo a full migration by early 2026. Observers warn that putting national IDs on public blockchains might raise privacy risks despite greater transparency. Bhutan has integrated its National Digital Identity platform with…
In brief California’s SB 822 explicitly includes digital financial assets under the state’s Unclaimed Property Law, treating them like bank accounts and securities. The bill preserves unclaimed digital assets in their native form, preventing forced liquidation that would have created taxable events for consumers without their consent. Account holders can reclaim their original digital assets,…
In brief Options data indicate limited Bitcoin upside, as implied volatility drops following the Black Friday crash. Market makers’ long gamma positioning is suppressing rallies and stabilizing prices. Analysts see a potential drop to $100,000 in the near term but remain bullish long-term. Bitcoin is sailing into calmer waters following last week’s tumultuous event, which…
In brief Canaan teamed with Calgary-based Aurora AZ Energy to test distributed gas-powered systems. The company says the setup could cut 14,000 tons of carbon emissions annually. Trading volume more than doubled Monday, marking one of Canaan’s busiest sessions this year. Bitcoin mining hardware manufacturer Canaan Inc. (NASDAQ:CAN) stock jumped over 40% Monday, closing at…
In brief Steak ‘n Shake will not accept Ethereum payments despite community members voting in favor of accepting ETH. The restaurant franchise started accepting Bitcoin payments in its locations across the United States in May. Same-store sales have increased in both Q2 and Q3, thanks in part to the Bitcoin community, the firm said. Fast…
In brief Bitcoin dropped from $121,000 to $106,000 on Friday after Trump announced 100% tariffs on China, triggering $19 billion in liquidations within 24 hours. The crash hit leveraged traders on centralized exchanges hardest, with 1.6 million positions liquidated as the timing—after market close—left crypto as the only outlet for investor reaction. Leverage amplifies both…
In brief A whale trading on Hyperliquid that made millions shorting BTC and ETH last week is now shorting Bitcoin again. The trader added $40 million USDC to Hyperliquid on Monday, using it to short Bitcoin with 10x leverage. The open position is currently yielding around $700,000 in unrealized profits. A whale that earned close…
In brief Top bank Citi will debut a crypto custody service in 2026, CNBC reports. The bank is the latest to delve into other digital asset services. Mainstream banks are working on everything from stablecoin offerings to crypto trading for clients. Citi will reportedly debut a crypto custody service in 2026 as mainstream financial institutions…
