Everything web3, crypto, defi, degen
Prediction market PredictIt, which started out as an academic platform focused on political forecasts, is preparing to launch a new exchange after getting the nod from the Commodities Futures Trading Commission.PredictIt, operated by the D.C.-based Aristole, said last week that the CFTC approved its applications to operate as both a designated contract market, or DCM,…
In brief Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers. If approved by regulators, the products will be available in November. Currently, U.S.-based traders have access to futures that expire. Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers in November, pending regulatory approval,…
In brief Hyperliquid has set a new all-time high as it pumped 22% over the past week. It comes after the network has opened proposals for teams to launch a stablecoin using the USDH ticker. Established stablecoin teams like Paxos, Frax Finance, and Agora have tossed their hats in the ring. Validator votes start Sunday.…
In brief Investors are bracing for revisions to U.S. payrolls, inflation updates, and the Fed’s September 17 rate call. Analysts warn overlapping events, including VIX futures expiry, could set off sharp swings in risk assets. Ethereum shows stronger trading momentum than Bitcoin, with rising open interest and sustained spot demand. Monday’s lull in trading for…
In brief Dogecoin is one of the most valuable cryptocurrencies on the market, but it’s down 70% from its 2021 peak. While Bitcoin, Ethereum, and XRP all recently set new peaks, Dogecoin isn’t enjoying the same momentum. Experts tell Decrypt that the digital asset lacks use cases. Can a DOGE ETF really make a difference?…
In brief SEC and CFTC leaders proposed a “24/7 Markets” policy to bring U.S. securities trading online around the clock, citing the nonstop nature of crypto and global markets. They also floated plans to ease rules for prediction markets, perpetual derivatives, and DeFi trading in line with a unified “super-app” model for finance. Critics warned…
In brief Whales have increased their ETH holdings by 14% in the past five months. The uptick in interest comes amid massive institutional interest surrounding the second-largest crypto. Ethereum’s year-to-date returns and ETF inflows have both outpaced Bitcoin’s, showing the pivot in narrative. Ethereum’s outlook is flipping increasingly bullish as whale cohorts ramp up their…
In brief Polymarket can now return to the U.S. after the CFTC said it won’t pursue certain enforcement actions against QCX, CEO Shayne Coplan said Wednesday. Polymarket acquired QCX, a licensed exchange already regulated by the CFTC, for $112 million in July. Polymarket was banned from the U.S. in 2022, and has been looking for…
In brief Experts report a sharp rise in bearish Ethereum options activity, indicating trader caution about a potential price drop. This pessimism conflicts with massive institutional investment flowing into new spot Ethereum ETFs. The market is divided between short-term hedging strategies and long-term bullish accumulation. Experts highlight a stark divergence between Ethereum’s bearish options activity…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors are green with SOL leading; BTC at $111,500 BTC ETFs see $333M in inflows, highest day since Aug 8; ETH…
