Everything web3, crypto, defi, degen
In brief Crypto gaming has experienced a growing trend of games and studios shutting down. Game creators are struggling to find funding to complete development, among other commonly cited issues. Once-promising blockchain games like Deadrop, Nyan Heroes, Ember Sword, and Pirate Nation top the list. While crypto gaming has long been seen as a key…
In brief Bitwise has filed with the SEC for a Chainlink ETF that would directly hold LINK tokens, using Coinbase Custody as the custodian. The ETF would offer in-kind creation and redemption, allowing investors to exchange LINK tokens directly for shares. LINK traded around $24.27 following the news, down 1.1% amid broader crypto market weakness.…
In brief Dogecoin notes a 3% recovery bounce after dropping 16% from the August 24 peak of $0.245. Key fundamental developments for Dogecoin include the Trump family-linked Thumzup acquiring a Dogecoin mining company amid pending approval of a spot Dogecoin ETF. Experts suggest an uptick in whale activity and a surge in whale wallets is…
Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin continued to fall Monday, triggering a wave of liquidations that topped $900 million over the past 24 hours.Bitcoin dropped below $110,000 for the first time since early July, spearheading a market-wide swoon after a whale unloaded 24,000 BTC worth $2.7 billion on Sunday. The continued dive also…
In brief Grayscale submitted a registration statement for its Avalanche Trust. VanEck is also seeking approval for an Avalanche ETF in the U.S. Analysts are eyeing a round of crypto ETF approvals in October. Crypto asset manager Grayscale submitted a registration statement for its Avalanche Trust to the U.S. Securities and Exchange Commission on Friday,…
In brief Investment firms are filing a wave of sophisticated crypto ETF applications, including 21Shares’ active crypto fund and 2x leveraged Dogecoin and Sui products. Multiple XRP ETF issuers updated filings following SEC feedback, while regulators delaying decisions on Trump Media and Solana funds until October. Experts predict approval momentum to begin in October despite…
In brief A collector recently walked away with 1 BTC from a $13 pack of cards purchased from GameStop. The card came in via card manufacturer Cardsmiths’ Currency Series, which contains cards redeemable for real cryptocurrency. The pull marks at least the third overall 1 BTC find in the last year. GameStop doesn’t sell Bitcoin…
In brief Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher. Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs. But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high. Crypto markets have…
In brief The Federal Reserve has left the interest rate unchanged at its last five meetings. In a speech at an annual gathering in Jackson Hole, Wyoming, Powell said that conditions had changed. The Fed meets again in September. The price of Bitcoin and other cryptocurrencies rose on Friday after Federal Reserve Chairman Jerome Powell…
In brief Ripple’s shares trade at a discount to its XRP holdings VivoPower is trying to buy them for discounted XRP exposure. The shares aren’t owned by Ripple itself, a person familiar with the matter said. Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect…
