Everything web3, crypto, defi, degen
In brief U.S. spot Bitcoin ETFs pulled in around $2.3 billion from September 8 to 12. BlackRock’s IBIT and Fidelity’s FBTC captured the bulk of flows, with other issuers posting smaller gains. Observers said the surge reflects structural demand from institutions, with inflows expected to scale further. U.S. spot Bitcoin exchange-traded funds pulled in roughly…
In brief Ethereum rose above $4,600 on Friday, driven by institutional accumulation from treasury companies and ETF inflows. CryptoQuant reports a surge in staking activity, including one whale moving $645 million in ETH specifically to stake it. 73% of traders on prediction market Myriad now bet ETH will reach $5,000, up from 61% at the…
In brief 21Shares launched a new ETP tied to dYdX’s native token, extending regulated access to one of the largest decentralized derivatives protocols. The product follows 21Shares’ earlier DeFi ETPs including Aave and Uniswap launched in 2022, becoming Europe’s largest crypto ETP issuer with 48 products. DYDX was chosen because it “adds a distinctive dimension”…
We’re excited to launch something new — and if you’ve ever wanted to take a position on what’s going to happen next in crypto markets, this could be for you. Today we’re launching Kraken Perps (short for Kraken Perpetuals), available in select regions to eligible clients worldwide. These offer a simple, flexible way to trade…
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…
