Everything web3, crypto, defi, degen
In brief Solana daily transactions fell to 64 million, down nearly 50% from July’s peak. Capital rotation to rivals and network friction are key reasons for the decline, one expert said. Despite a likely ETF approval Friday, Solana’s price is expected to follow Bitcoin’s lead. Solana’s daily transactions are on a steady decline, even as…
In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come amid hype surrounding digital assets pegged to the U.S. dollar. Observers say payment and crypto firms now see stablecoins as core infrastructure. Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a U.K.-based…
In brief Bitcoin bull Arthur Hayes thinks BTC’s traditional four-year cycle is over. The entrepreneur says increased money supply will benefit the asset. Hayes, however, has previously labeled his bullish predictions as “pretty shit.” Crypto entrepreneur Arthur Hayes continues to say that an increased money supply will benefit Bitcoin—and now believes that the leading cryptocurrency’s…
In brief Solana exchange-traded funds could get the green light this month. But investor fatigue and more interest in Ethereum could dampen inflows into the products, JP Morgan analysts have said. A number of top asset managers have this year tried to get SEC approval for a SOL ETF. U.S. exchange-traded funds giving investors Solana…
In brief An English business owner was sentenced to 22 months in prison for fraudulently securing a Covid-era loan and spending it on crypto, gambling, and personal expenses. The man used a first loan legitimately for his glass-fitting business, but illegally received a second loan and used the funds improperly. Ioannou must also now pay…
In brief Myriad prediction market users currently favor bullish moves for both Bitcoin and XRP. Bitcoin hit a new all-time high over the weekend, and XRP last hit a record price in July. The charts currently lean bearish, but sentiment undoubtedly favors the “moon” scenarios. As “Uptober” nears the midway point, crypto traders are positioning…
The crypto entrepreneur Roger Ver, originally known as “Bitcoin Jesus,” has reached a tentative agreement with the Justice Department that could result in his criminal case bring dropped, according to a report.A Thursday report by The New York Times cited two people familiar with the matter, who said that the 46-year-old Ver had agreed to pay…
In brief Monad will open its MON token airdrop claim portal next Tuesday. Further details about the actual airdrop and mainnet launch will come “in the near future”, the company told Decrypt. The closely watched blockchain project has not yet revealed who qualifies for the airdrop, or details about MON’s token supply and distribution. The…
In brief A Nevada judge denied Crypto.com’s injunction request to block state gaming regulations, contradicting an earlier ruling favoring Kalshi. The judge ruled Crypto.com’s sports contracts don’t qualify as “swaps” under federal law based on “outcome” versus “occurrence” distinctions. A legal expert called the ruling “completely fanciful” and predicts it will be overturned on appeal.…
In brief Bitcoin’s “debasement trade” narrative echoes gold’s historical role as a hedge against currency dilution. Some observers say Bitcoin still trades more like a high-risk asset than a haven. Others argue that could change as gold grows more expensive and trust in fiat erodes. Bitcoin’s latest price movements are reviving an old narrative that…
