Everything web3, crypto, defi, degen
In brief A growing queue to unstake ETH could put sell pressure on Ethereum, according to a Bitwise analyst. Ethereum’s validator exit queue hit 855,158 ETH worth roughly $3.7 billion on Friday. Ethereum’s price dipped more than 3% on Friday, shortly after the token nearly hit a new all-time high. Ethereum holders are increasingly lining…
In brief OKX completed a burn of $26 billion worth of OKB tokens on Ethereum on Friday. The burn is part of a supply restructuring that reduces the overall token supply to just 21 million, like Bitcoin. OKB is up nearly 100% on the week and is the biggest gainer among the top 100 crypto…
In brief Experts generally agree that favorable regulatory shifts in the United States and massive buy-ups of Ethereum on Wall Street have enabled ETH’s current, ongoing streak. Some analysts contend these factors are so bullish for Ethereum, that the token will continue to surge through the end of the year, potentially beyond $7,000. Others caution,…
In brief JPMorgan analysts said Ethereum offers exposure to the stablecoin boom. Growth in stablecoins is outpacing the crypto market itself, they wrote. Not long ago, analysts questioned the value of Layer-2 networks. Ethereum’s recent outperformance could continue as Wall Street begins issuing massive amounts of stablecoins within its ecosystem, JPMorgan signaled in a Thursday…
In brief Blockchain security firms on Thursday flagged that nearly $50 million in crypto had suspiciously left the exchange BtcTurk. The crypto exchange then said it had stopped withdrawals and is investigating the transfers. Hackers previously stole $54 million from BtcTurk in 2024. Turkish crypto exchange BtcTurk on Thursday froze customer withdrawals after blockchain analysts…
In brief Ethereum ETFs pulled in $704 million on Wednesday, nearly eight times the inflows into Bitcoin funds. The three-day surge brings total ETH ETF inflows to $2.2 billion, compared to $331 million for Bitcoin. Standard Chartered has hiked its Ethereum price target to $7,500 by 2025, citing deep institutional demand and limited supply. Institutional…
In brief Ethereum wallet provider MetaMask will team up with payments services provider Stripe, according to a since-deleted governance proposal. A number of major financial services organizations and others are working on stablecoin initiatives or weighing them. U.K. bank Standard Chartered has predicted that the stablecoin market could reach $750 million by the end of…
In brief Crypto exchange OKX announced changes to the tokenomics of its OKB token, sending it up more than 100% to a new all-time high. The OKB supply will undergo a burn of more than 65 million OKB tokens, bringing its fixed supply to 21 million in the process. The OKB token acts as the…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and…
In brief Bitcoin-based memecoin launchpad Odin.fun has lost 58.2 BTC, worth roughly $7 million, via an exploit. The platform has paused operations, but says it will be back next week The exploit was what is termed a “liquidity manipulation” attack, according to third-party security researchers Bitcoin-based meme coin launchpad Odin.fun has lost approximately 58.2 BTC,…
