Everything web3, crypto, defi, degen
In brief Trump has tapped Bitcoin-friendly economist Stephen Miran for a seat on the Federal Reserve Board. Bitcoin jumped 2%, topping $117,500 as traders expect looser Fed policy under Miran. Still, one analyst warns the Fed’s credibility could erode, echoing 1970s inflation risks. Bitcoin has shaken off the prior week’s market jitters to regain a…
In brief The SEC has formally exempted major Ethereum and Solana staking protocols from securities laws. It’s likely the final clarification needed to give staking ETFs the green light. The precedent is also now set for staking across broader decentralized protocols. GM!Today’s top news: Crypto majors dip after Monday’s rally; BTC at $114,300 SEC gives…
We’re committed to providing traders with greater flexibility and control, and are excited to announce a significant expansion in our collateral opportunities for Kraken Pro traders. What is a collateral currency? A collateral currency can be fiat, crypto or stablecoin you can use for trading on margin. Unlike standard spot trading, margin trading allows you…
In brief MEXC Ventures has invested in Indonesian crypto exchange Triv at a $200 million valuation, though the amount remains undisclosed. The deal was structured entirely as equity and reflects MEXC’s long-term strategy of backing licensed exchanges in emerging markets. Triv will maintain operational independence while gaining access to greater liquidity and expanded product support…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
In brief Analysts’ Coinbase forecasts had called for $1.59 billion in total revenue. The crypto exchange giant has made multiple major acquisitions this year, including for options trading platform Deribit. The company’s stock price was down more than 6% in after-market trading. Coinbase clocked $1.5 billion in total revenue, a 25% drop from the previous financial quarter, as…
In brief Ethereum treasury companies have acquired 1% of all ETH in circulation in just two months, with holdings worth nearly $9 billion approaching 2% of total supply. Standard Chartered’s Geoff Kendrick predicts ETH treasury holdings could grow 10-fold to eventually own 10% of all ETH, potentially pushing prices above $4,000. Leading treasury companies include…
In brief Bitcoin has traded between $117,000 and $119,000 for over two weeks, slipping 2% after a weekend rally. Ethereum has climbed to near the $4,000 level, backed by over $5 billion in ETF inflows and rising derivatives activity. XRP sentiment has improved as investors eye potential regulatory clarity. The cryptocurrency market extended its losses…
In brief ASIC has accused Bitget of offering unlicensed crypto futures to Australians, lacking an AFS licence and bypassing investor protections. Bitget’s products offer up to 125x leverage, far above ASIC’s 2:1 limit, exposing users to major financial risks, ASIC said. Global regulators have issued similar warnings since 2022, with actions taken in Spain, Japan,…
In brief Sen. Warren acknowledged the need for crypto legislation but critiqued the industry’s influence on US politics. The senator claimed the GENIUS Act was an instance of the industry writing “its own legislation.” She compared it to another bill—the Commodity Futures Modernization Act of 2000—which may have indirectly influenced the 2008 financial crisis. Sen.…
