Everything web3, crypto, defi, degen
In brief WLFI is expected to become tradable on Monday The token could decimate retail investors, analysts at Compass Point said. A lot of WLFI tokens were earmarked for insiders and early supporters. Analysts at investment bank Compass Point expect potential pitfalls for investors in the World Liberty Financial token when it hits the market…
In brief Standard Chartered’s Geoffrey Kendrick sees Ethereum’s pullback from its all-time high as a “great entry point” with $7,500 target by end of 2025. Treasury companies and ETFs have purchased 4.9% of circulating ETH since June, with buying pressure driving the recent surge to $4,953 all-time high. Ethereum ETFs attracted $444 million inflows Monday…
BTC WHALE CAUSES MINI-CRASH, ETH HITS ATH, FOOTBALLFUN GOES VIRALETH hits new ATH then retreats. Whale dumps 24k BTC, triggers mini-crash. Only 18.3m ETH is left on exchanges. Jump & Galaxy plan $1bn SOL treasury vehicle. Sharps Technology plans $400bn SOL DAT. VanEck files for first SOL liquid staking ETF. Sharplink to buy back $1.5b…
In brief Pantera may launch “Solana Co.” to hold Solana tokens as a corporate treasury asset. The effort would begin with a $500 million raise, followed by $750 million in warrants. A single entity could end up holding more Solana than all current public treasuries combined. Pantera Capital is reportedly seeking to raise up to…
In brief Grayscale submitted a registration statement for its Avalanche Trust. VanEck is also seeking approval for an Avalanche ETF in the U.S. Analysts are eyeing a round of crypto ETF approvals in October. Crypto asset manager Grayscale submitted a registration statement for its Avalanche Trust to the U.S. Securities and Exchange Commission on Friday,…
In brief Ethereum hit a new all-time high price, breaking a record set back in 2021. The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak. Institutional adoption and a favorable regulatory landscape have helped the coin in recent months. Ethereum hit a new all-time high price…
In brief Crypto stocks surged on Fed Chair Powell’s dovish Jackson Hole speech hinting at September rate cuts, with Ethereum treasury companies and Bitcoin miners leading gains of 8-15%. Bitcoin ETFs bled $1 billion over five consecutive days while Ethereum ETFs rebounded with $288 million in net inflows on Thursday. Blockchain lender Figure Technologies filed…
In brief Acting chair Caroline Pham said Thursday the sprint expands to custody, leveraged retail trading, and consumer protections, with feedback due October 20. The initiative is part of a four-phase process that began August 1, running alongside the SEC’s Project Crypto. Observers told Decrypt the U.S. is shifting from enforcement to enablement, positioning itself…
In brief The DOJ announced it will no longer charge decentralized software developers under the same law used to convict Tornado Cash co-founder Roman Storm earlier this month. DOJ official Matthew Galeotti clarified that prosecutors will avoid such charges when software is truly decentralized and non-custodial, though other charges could still apply if criminal intent…
In brief An investor lost 783 Bitcoin—$91 million worth a the time—to a social engineering scam, according to on-chain sleuth ZachXBT. The threat actor allegedly used a coin-mixing service to try to cover their tracks. ZachXBT alleged that three individuals used similar tactics to steal $243 million worth of Bitcoin a year ago. A crypto…
