Everything web3, crypto, defi, degen
In brief Bloomberg analyst Eric Balchunas calls Rex-Osprey DOJE the first US ETF to hold an asset with “no utility on purpose.” ETF filed under the Investment Company Act of 1940 instead of the Securities Act of 193, like other crypto ETF filings. Initial institutional adoption is initially, but market cap growth could attract attention,…
In brief Solana hit $219.50 and XRP rose above $3 as both cryptocurrencies outperform the broader market while Ethereum cools down. Prediction markets show 54% of users expect Solana to reach new all-time highs by year-end, with similar bullish sentiment for XRP hitting $4. Expected SEC approval of Solana and XRP ETFs in the U.S.…
In brief Dogecoin jumped 5.1% to $0.22, buoyed by news of a proposed ETF from REX Shares. TRON gained 2.4% after headlines tied to founder Justin Sun, while XRP added 2%. September’s rate cut expectations and renewed retail activity could set the stage for a stronger Q4. Altcoins are starting to rise, with Dogecoin leading…
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 There are many free-to-play games that pay players real Bitcoin rewards. You’ll typically earn amounts in satoshis, or the smallest denomination of Bitcoin (1/100,000,000 BTC). Such games are often loaded with video ads, but that’s the trade-off for earning Bitcoin. Bitcoin pushed to yet another all-time high price mark in August, maintaining recent…
In brief Alex Spiro, Elon Musk’s attorney, is leading a new digital asset treasury centered on Dogecoin. The treasury comes via a collaboration between the House of Doge and publicly traded firm, CleanCore. Shares in CleanCore finished down more than 50% on the day, while Dogecoin sits flat. The Dogecoin Foundation’s commercial arm—House of Doge—is…
In brief Bitcoin and other major cryptocurrencies posted gains Tuesday morning, driven by expectations of a rate cut. Experts further attributed the recent uptick to a weakening U.S. dollar, Metaplanet’s 1,009 BTC acquisition, and rise in open interest. Analysts noted that a hawkish commentary post-rate cut decision from the Fed could trigger volatility spikes. The…
In brief The SEC is mulling 90 applications for crypto ETFs, many focused on XRP, Solana, and other top altcoins. Many of the funds are expected to be approved this year, according to industry experts. Some will likely be shuttered due to lackluster inflows, a crypto startup CEO told Decrypt. There is a growing stack…
In brief 21Shares filed with the SEC for the first SEI ETF tracking the Sei blockchain token with potential staking rewards for additional yield. The application joins a set of altcoin ETF filings as fund managers target smaller digital assets beyond Bitcoin and Ethereum. Canary Capital filed a similar SEI ETF application in May. Asset…
In brief Top markets on Myriad this week focus on Dogecoin’s next move, SharpLink’s Ethereum holdings, and the U.S. Open. Predictors think SharpLink Gaming will achieve its goal of accumulating 1 million ETH by September 16. They also lean bullish on DOGE, expecting a pump to $0.30 before a dump to $0.15. Have a strong…
